ECB

A rebound in Europe's battered banking shares was beginning to wane on Thursday, as a 50 billion Swiss franc ($53.94 billion) lifeline for beleaguered lender Credit Suisse teed up a pivotal European Central Bank interest rate decision.

Investors have amassed the biggest bet against German government bonds since 2015, as the country issues large amounts of debt and the European Central Bank (ECB) talks tough on inflation.

The European Central Bank is expected to push on with its inflation fight Thursday with a fresh rate hike, even as signs grow the eurozone might have passed the worst of an economic shock.

The European Central Bank will deliver 50 basis point interest rate rises at each of its next two meetings, according to economists polled by Reuters, whose forecasts still risk lagging behind policymakers' guidance on how high rates will go.

Euro zone government bond yields edged up towards September's multi-year highs on Thursday, with analysts reckoning that the recent bond rally was too early as inflation might still surprise on the upside.

The European Central Bank is expected to make a jumbo 75 basis point refinancing rate increase on Thursday, according to a slim majority of economists polled by Reuters, as it battles to contain inflation running at more than four times its target.

Eurozone inflation hit 9.1 percent in August, a record in the history of the single currency and well above the two-percent rate targeted by the ECB.

UniCredit on Wednesday said it had gained supervisory approval for a new share buyback of up to 1 billion euros ($1 billion), putting it on track to hit its capital distribution goals despite economic recession risks.

Bundesbank President Joachim Nagel objected to the European Central Bank's promise of fresh support for the bloc's indebted south at an emergency meeting last month, reviving a divide between the ECB and its biggest shareholder, sources familiar with the matter told Reuters.

The European Central Bank will likely drain cash from the banking system to offset any bond purchases made to cap borrowing costs for indebted euro zone states, two sources told Reuters.

The European Central Bank promised fresh support and a new scheme on Wednesday to temper a market rout that has fanned fears of a new debt crisis on the euro area's southern rim but appears to have disappointed investors looking for bolder steps.

The European Central Bank's 'whatever it takes' commitment to bind the euro zone is wearing thin as it tries to 'normalise' monetary policy and give inflation hawks more say in how it goes about it.

European shares fell on Tuesday as investors worried about the squeeze to economic growth from aggressive monetary policy tightening by central banks in a bid to tame rising inflation.

European shares rose on Monday, helped by banks and commodity-linked stocks, as investors kept an eye out for U.S.

The ECB is lagging behind the central banks in Britain and the United States, which have moved aggressively to try to stamp out inflation.

There are two systems being considered for the digital currency, and the ECB has not committed "to a specific design" just yet.

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Christine Lagarde moves to a whole new world as president of the European Central Bank.

The effect on China would be cushioned by diverting those products to other export markets, say the European Central Bank.

Australian urges England and Wales Cricket Board to appoint a specialist coach for England's T20 side.

Ben Stokes will be considered for England selection is expected to join the squad for the T20 matches against New Zealand in February.

Ben Stokes has been charged with affray relating to an incident that took place outside a Bristol night club in September 2016.

Ben Stokes has flown to New Zealand to play domestic cricket as his participation in the Ashes series continues to hang in the balance.

Benoit Coeure, a senior central banking official, says "economic agents could become less anchored to actual activity and more prone to manias and panics."

Senior executives polled by ratings agency in positive frame of mind over capital expenditure expectations.

The central bank's announcement – that it will extend asset purchase programme until next year – does not signal indefinite extension, says ratings agency.

ECB President Mario Draghi highlights the QE programme will not suddenly end, despite planned slowdown.

Spain's fifth-largest bank has triggered process to move to Alicante to ensure it stays within the ECB's framework.

S&P Global Ratings opines the current recovery in Europe won't be a false dawn and can be sustained.

British currency also holds firm against major crosses as concern grows over strength of the euro.