
Guindos Says Current ECB Rate to Help Reach Inflation Target
(Bloomberg) -- European Central Bank interest rates at their current levels will help bring euro-area inflation to the 2% target, according to Vice President Luis de Guindos.
(Bloomberg) -- European Central Bank interest rates at their current levels will help bring euro-area inflation to the 2% target, according to Vice President Luis de Guindos.
Ministers and oil industry chiefs are gathering for the biggest energy conference in the Middle East as crude heads toward $100 a barrel. Whether prices can hold at these levels and the outlook for OPEC+ supply cuts are among topics that will be discussed from Monday.
Saudi Arabia has rewritten its budget forecast for next year, saying it expects a deficit instead of a surplus as it ramps up spending and tackles uncertainty in oil markets.
Bitcoin climbed to a six-week high as inflows onto crypto exchanges continued at the start of October, a month that typically sees gains in the biggest token.
German prosecutors charged a 48-year-old man accused of making €24 million ($25.3 million) as part of a wider insider trading scheme.
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