The Bank of Japan just shocked markets with a policy tweak — here’s why it matters
The Bank of Japan announced Friday “greater flexibility” in its monetary policy — surprising global financial markets. The central bank…
European Central Bank raises rates by a quarter percentage point, says inflation set to remain ‘too high for too long’
The European Central Bank on Thursday announced a new rate increase of a quarter percentage point, bringing its main rate…
Spain’s election ends with no clear majority, throwing the country into political limbo
Spain’s election Sunday ended with no clear majority for either of the two main parties, throwing Europe’s fourth-largest economy into…
Spain votes in a major election that could bring the far right back to power
Spain voters headed to the polls on Sunday in an election that could bring the far right to power for…
Markets are pricing in rate cuts too soon, IMF’s Gopinath says
Major central banks will have to keep interest rates high for much longer than some investors expect, Gita Gopinath, first…
European business activity slows in June as higher interest rates begin to bite
Business activity growth in Europe slowed in June, pointing to a difficult end to the second quarter, according to preliminary…
The China dilemma: Europe wants a new relationship with Beijing but is wary of retaliation
Europe is charting a new way forward for its relations with China, but officials in the region say they are…
‘We do not want only a cease-fire’: EU chief calls for lasting peace in Ukraine
LONDON — A cease-fire in Ukraine is not enough for European officials, who want lasting peace in the region, European…
Rate cuts, hikes and pauses: The world’s central banks just made very different decisions
From hawkish pauses to rate hikes and dovish tones, the world’s biggest central banks last week struck very different tones…
Europe wants to use Russia’s assets to pay for Ukraine’s reconstruction — here’s how it might work
The European Union is getting closer to brokering a detailed plan on how to use frozen Russian assets to pay…
