Global economy: Second half of 2015 begins on shaky note

Last Updated: Friday, July 24, 2015, 15:27

The global economy started the second half of the year on shaky ground as business activity in the euro zone was weaker than expected and China`s vast factory sector appeared to be contracting at the fastest pace in 15 months in July.

Air India to raise foreign loan worth $300 mn through ECB

Last Updated: Wednesday, July 22, 2015, 21:51

Air India will raise USD 300 million (about Rs 1,900 crore) by way of ECB and the government will provide guarantee for the loan, a senior Civil Aviation Ministry official said Wednesday.

Air India may soon get $300 million loan through ECB

Last Updated: Wednesday, July 22, 2015, 14:40

This ECB would be guaranteed by the Government of India and interest rate is fixed or floating linked to Libor.

Greek bank shutdown cost economy 3 billion euros: Report

Last Updated: Saturday, July 18, 2015, 14:32

The three-week shutdown of Greek banks has cost the country`s struggling economy some 3.0 billion euros ($3.3 billion) not counting lost tourism revenue, a report said Saturday.

Eurozone inflation outlook brighter: ECB survey

Last Updated: Friday, July 17, 2015, 15:38

The inflation outlook for the euro area is improving as growth picks up and the effects of the European Central Bank`s policy measures feed through into the economy, an ECB survey showed on Friday.

Greek banks to re-open on Monday

Last Updated: Friday, July 17, 2015, 10:51

Greek banks, which have remained shut since June 29, are due to re-open on Monday, after the ECB raised the level of emergency funding available.

ECB, Eurogroup give Greece breathing space after Athens vote

Last Updated: Thursday, July 16, 2015, 23:31

Eurozone ministers approved the launch of Greece bailout talks and the ECB boosted its cash lifeline to the crisis-hit country Thursday after lawmakers in Athens grudgingly passed a tough reform package demanded by creditors.

ECB raises emergency funding to Greek banks by 900 mn euros

Last Updated: Thursday, July 16, 2015, 20:33

The increase corresponded to the amount requested by the Bank of Greece, Draghi said.

Greece licks wounds after bailout vote, ECB move expected

Last Updated: Thursday, July 16, 2015, 13:20

The vote, vital to unlocking emergency financing from European partners as early as Thursday, left Prime Minister Alexis Tsipras weakened by a revolt in his leftist Syriza party but clinging to power for now.

ECB keeps emergency liquidity for Greek banks at current level

Last Updated: Monday, July 13, 2015, 20:02

The European Central Bank decided Monday to leave its stop-gap credit facility for Greece, known as Emergency Liquidity Assistance (ELA), unchanged at around 89 billion euros ($99 billion), an ECB spokeswoman said.

EU scraps Greece summit with bailout deal on knife-edge

Last Updated: Sunday, July 12, 2015, 17:10

The EU cancelled a full 28-nation summit on Sunday to decide whether Greece stays in the European single currency as a divided eurozone struggled to reach a reform-for-bailout deal.