World Bulletin / News Desk
The euro zone's ESM rescue fund will be granted a banking licence, giving it enough fire power to head off the bloc's debt crisis, Italian Prime Minister Mario Monti said on Wednesday.
German officials have strongly played down the idea that the permanent ESM fund would be given such authority, which would allow it to tap unlimited resources through the European Central Bank's liquidity operations.
Asked if the ESM should be granted a banking license, Monti told a news conference in Finland: "I think this will help.... this will in due course occur."
Days after Russian regulator demeaned cryptocurrency, it breaks new records
The figure was slightly lower than analysts had forecast, following a 1.4 percent hike in overall prices in August.
Two parties to work for promoting sustainable economic growth in Developing 8 countries
Investors will also be tracking the start of an EU summit where Brexit will once again be the focus of attention.
BIST 100 index rises 0.45 pct while US dollar/Turkish lira rate stands at 3.67
Bank expects Turkey's strong growth performance to continue in Q3, World Bank Country Director for Turkey says
Industrial production marks first increase in three months, while manufacturing production comes below market expectations
While optimism remains over the world economy and corporate earnings -- helping push global markets to all-time or multi-month highs -- investors moved carefully as they await the next catalyst.
BIST 100 index rises 1.18 pct while US dollar/Turkish lira rate stands over 3.63
BIST 100 index falls 0.24 pct while US dollar/Turkish lira rate climbs to 3.69
National Bank of Ethiopia says devaluation of its currency necessary to boost exports
In its latest forecast, the IMF predicted the Russian economy will expand by 1.8 percent in 2017 and by 1.6 percent in 2018.