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ECB keeps interest rate unchanged as eurozone and US unemployment rates rise

The ECB kept interest rates unchanged on Thursday, and will probably keep rates low for some time to come. From Bloomberg : Jean-Claude Trichet signaled the European Central Bank will keep interest rates at a record low for the coming months as officials deploy new tools to fight the worst recession since World War II. “The current rates are appropriate,” Trichet said at a press conference...

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ECB keeps interest rate at 1 pct

LUXEMBOURG - The European Central Bank left its benchmark interest rate unchanged at 1 percent Thursday, preferring to wait and see if its spectacular infusion of credit into the banking system will loosen lending to consumers and businesses in the ...

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European Central Bank president says falling consumer prices in eurozone will not last

Falling consumer prices in the eurozone will be "short lived", according to European Central Bank president Jean-Claude Trichet. The ECB addressed Europe's floundering economy at a conference in Luxembourg.

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European Central Bank leaves its benchmark interest rate unchanged at 1 percent

LUXEMBOURG — European Central Bank leaves its benchmark interest rate unchanged at 1 percent. ...

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ECB keeps interest rate at 1 pct

LUXEMBOURG — The European Central Bank left its benchmark interest rate unchanged at 1 percent...

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ECB in wait-and-see mode after leaving rates on hold - Summary

Luxembourg- The European Central Bank left interest rates on hold at a record low Thursday with ECB chief Jean-Claude Trichet indicating that the bank was in no rush to change borrowing costs as it sizes up the success of new mechanisms in combating ...

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ECB in wait-and-see mode after leaving rates on hold - 2nd Update

Luxembourg- The European Central Bank left interest rates on hold at a record low of 1 per cent Thursday with ECB chief Jean- Claude Trichet indicating that the bank was in no rush to change borrowing costs as it sizes up the economic fallout from th...

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ECB leaves interest rates on hold - Update

Luxembourg - The European Central Bank left interest rates on hold at a record low of one per cent Thursday as it sizes up the economic fallout from the global recession. Meeting in Luxembourg at one of its regular out-of-town sessions, the Frankfurt...

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ECB expected to keep interest rate at 1 pct

LUXEMBOURG — The European Central Bank is expected to keep its key interest rate steady at 1 p...

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EU court rules 'Bavarian' beer must come from Bavaria

Luxembourg - A European court ruled Thursday that Bavarian beer can only come from the southern German region, in a move that could force one Dutch producer to change the name of its brew. The case was referred to the Luxembourg-based European Cour...

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ECB governors huddle under deflation clouds

European Central Bank policymakers were to meet in Luxembourg as the threat of deflation rolled over the recession-hit eurozone.

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ECB governors huddle under deflation clouds

European Central Bank policymakers were to meet in Luxembourg as the threat of deflation rolled over the recession-hit eurozone.

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Luxembourg: constructive non-compliance

Direct taxation: The European Commission refers Luxembourg to the European Court of Justice over its incorrect application of the Savings Tax Directive : Ethics and governance in the European Financial centers. The European Commission has decided to refer Luxembourg to the European Court of Justice over its incorrect application of certain provisions of the Savings Tax Directive as [...]

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Eurozone rates on hold: analysts

While markets absorb last week's record eurozone loan offer, interest rates will stay at an all-time low when European Central Bank governors meet on Thursday in Luxembourg, analysts say.

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France to face EU court over great hamster disappearance

The European Commission plans to take France to Europe's highest court for failing to protect the great hamster of Alsace, a species threatened with extinction, an official said Thursday. The official, who is linked to the proceedings and declined to be named, said that French authorities had refused all approaches by the commission to protect the small mammal, also known as the European hamster. According...

The 2 latest articles published by users on Luxembourg :

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Zeeman: a well-known name in the European textile industry for the past 40 years

With more than 1,000 shops in the Netherlands, Germany, Belgium, Luxembourg and France, the textile discounter has expanded into a trusted and successful chain over the past 40 years. The basic assumption in modernising the Zeeman formula was to chart a safe course: rather than revolutionary solutions, refine the formula in layout and visual identity as well as merchandise mix. The sales tables that...

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Financial meltdown: personal standings

Short briefing of the impact of the financial crisis on personalities like Gordon Brown, Nicolas Sarkozy, Manuel José Barroso, etc.