European stocks add the most in 3 weeks amid US

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Source: Bloomberg
© Scanpix/AP
European shares gained on Thursday rising the most in a three-week period with the regional benchmark index rebounding from the lowest level in a month amid signs that the debate about new debt ceiling in the U.S. may come to an agreement. The Stoxx 600 Index surged 1% to 308.11 as of 9:18 London time after it dropped third day in a row yesterday.

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Thu, 10 Oct 2013 10:51:03 GMT

Sterling drops versus U.S. Dollar before BoE announces policy decisions

The British Sterling weakened for the third straight day against the U.S. Dollar before the country's central bank announced its decision to maintain monetary stimulus program and keep the benchmark interest rates unchanged. The so-called Cable dropped 0.1% to $1.5939 as of 9:13 a.m. in London following a fall to $1.5914, the least since September 18.

Thu, 10 Oct 2013 10:29:03 GMT

ECB and PBOC establish currency swap line

The European Central Bank and the People's Bank of China decided to establish a bilateral currency swap line helping to boost the international use of the Chinese Yuan and bolster an access to the Eurozone's finance trading. The currency swap line is valid for three years totaling 45 billion euros when the Euro is provided to the PBOC and 350

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