European Central Bank News
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Oh dear. The European Central Bank will take on one of the most sensitive jobs in the commercial world when it begins overseeing banks across the euro area at the end of the year.
On Thursday we learnt that the European Central Bank suffered a data breach . Though no market sensitive information was said to have been taken, contact information for those attending events with the bank was.
Euro zone money market rates edged higher on Thursday and were expected to rise further in coming days, potentially driving up short-term government bond yields, after a drop in excess cash in the bloc's banking system.
A 69-year-old man was handed an 8-month suspended prison sentence and was fined 30,000 euros after being found guilty over charges of beating a stray dog to death in Charopo, in Serres, northeastern Greece.
The ECB says that only their public website was compromised and that no sensitive data was stolen - but added that the hack initially went unnoticed James Vincent is Science and Technology Reporter for The Independent online, and his work appears in print too.
China's factory activity expanded at its fastest in 18 months in July as new orders surged while the euro zone's private sector also perked up, suggesting the global economy started the second half of 2014 on a solid footing.
The European Central Bank said Thursday that email addresses and other contact information have been stolen from a database that serves its public website, though it stressed that no internal systems or market-sensitive data were compromised.
A California wine collector faces sentencing in New York after he was convicted of making up to $20 million from 2004 to 2012 by selling bogus bottles of wine.
The hacker demanded money for stolen data, which included contact information for people who had registered for events at the ECB, the central bank said.
The European Central Bank says contact data have been stolen from a database that serves its public website, though it's stressing that no internal systems or market-sensitive data were compromised.
Consumer confidence in the 18 countries that share the euro weakened for the second straight month in July, an indication that new stimulus measures announced by the European Central Bank have failed to convince households that the economy is on the mend.
Overhauls in Greek markets, the economy and public administration are delivering results, the European Commission said Wednesday, signaling divisions among official creditors over the countryA's progress.
Short-term bond yields could follow European money market rates higher this week as a drop in spare cash in the euro zone banking system takes effect, market analysts said on Tuesday.
In the wake of the 2008 financial crisis, central banks around the world cut interest rates to near zero and injected massive amounts of liquidity into financial markets in a concerted effort to shore up financial systems and support economic recovery.
Portugal and Greece have money set aside to recapitalize their banks if the European Central Bank uncovers problems during its asset-quality review and stress test, European Stability Mechanism chief Klaus Regling said.
Updated: Fri Jul 25, 2014 03:43 am
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