The European Central Bank experienced a major breakdown in its payment system, causing delays in transactions and impacting trillions of euros in payments. The malfunction disrupted the Target 2 ...

FRANKFURT -- Banks struggled to process payments on Friday after an unprecedented day-long breakdown in the European Central Bank's machine underpinning trillions of euros of money movements.

Banks encountered difficulties in handling payments on Friday due to an extraordinary, full-day malfunction of the European ...

The latest data shows inflation is at its lowest level since February 2021, before a series of supply shocks drove it higher across Europe and much of the globe. It also marks the first time since ...

German annual inflation came in at an unchanged but higher-than-expected 2.8% in February, provisional data from statistics ...

France’s inflation rate fell to its lowest level in four years, taking it further below the European Central Bank’s target ...

Deutsche Boerse's Clearstream said on Friday services were largely restored but that there was still some residual impact ...

UniCredit in late November swooped on Banco BPM, which has long been a natural takeover target for the bigger peer given its ...

The ECB has cut rates five times since last June and a sixth move on Thursday is seen as largely a done deal with the debate ...

The ECB will also release quarterly staff forecasts on GDP and inflation. Ahead of the ECB's meeting, investors will watch the release of provisional inflation data for February, due Monday. Producer ...

Standard Chartered Bank’s latest macroeconomic update on Vietnam forecasts a rise in inflation, expecting it to increase to 3 ...