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The volume of loans to non-financial organizations in the euro area increased in August by 4.2% in annual terms after an increase of 4% in the previous month, according to the European Central Bank. The growth rate in August was the highest since May 2009. The ECB noted that this trend should support investment in the euro area. Consumer lending in August increased in annual terms by 3.1% after the rise of 3% a month earlier. Monetary aggregate of the currency zone M3 increased in August by 3.5%, having slowed the rise compared to the increase of 4% in July. Economists had expected growth of 3.8%.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
The Dollar fell on Tuesday, with the Euro and the British Pound Sterling gaining strength on the back of news that European Union leaders have agreed to roll out additional recovery funds in the region. New hopes for a potential COVID-19 vaccine ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
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