European Central Bank headquarters building in Frankfurt. File/Reuters
The European Central Bank has to maintain the "safety net" of its massive bond purchases at least until June 2021 to help underpin the economy, the ECB's President Christine Lagarde said on Friday, reaffirming the bank's policy stance.
Battered by years of low interest rates, eurozone banks are looking at a multi-billion-euro consolation prize if the ECB grants them an expected reprieve from its penalty charge on deposits, according to Reuters calculations.
Eurozone banks expect to ease standards for business loans and consumer credit as competition remains fierce and demand slows in Italy and Spain, a European Central Bank (ECB) survey showed on Tuesday.
Expanding its global footprint, Havells Partners with TeknoDome to roll out Lloyd’s range.
The CEO of Masdar said that Masdar has contributed significantly to achieving the country’s goals in the field of renewable energy and has played a pivotal role in diversifying the UAE’s portfolio of renewable energy..
The COP28 opened its doors to the public in Dubai as the off-plan super prime real estate sector in Dubai continues to grow from strength to strength with high interest and record sales prices being attained in new luxury projects.