Top EU court backs legality of ECB bond buying
The European Central Bank
Luxembourg - DPA
The European Central Bank (ECB) decision in 2015 to buy government bonds was valid and within its mandate, the EU's top court ruled Tuesday.
Moreover, the bond-buying program was not a form of financing public debt - which is prohibited - because it bought bonds on secondary markets, the judges said.
Under the law, it is clear that "the ECB and the central banks of the member states may, in principle, operate in the financial markets by buying and selling outright marketable instruments in euro," the judges wrote in a press release.
Several German lawsuits had challenged the bond purchase programme, which was an attempt to kick-start the eurozone's sluggish economy after the financial crisis. By buying corporate and government bonds, the ECB hoped to lower interest rates as a way of boosting consumption and investment
GMT 09:43 2018 Monday ,22 January
Bonds to get by without a little help from central banksGMT 08:40 2018 Wednesday ,17 January
Strong euro 'source of uncertainty' for ECBGMT 05:19 2017 Thursday ,26 October
European Central Bank to chart end to easy moneyGMT 04:50 2017 Tuesday ,10 October
ECB stress test finds banks resilient to rising ratesGMT 20:01 2017 Tuesday ,05 September
ECB to play for time as pressure grows on easy money
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 13:35 2018 Friday ,14 December
Yemen’s security committee discusses regulation of arms possession in Aden
GMT 08:40 2017 Sunday ,24 December
Hurting Madrid refuse to throw in the towel - Zidane
GMT 08:36 2018 Sunday ,21 January
Russia-led Syria peace congress to be held Jan 30: negotiator
GMT 12:54 2016 Monday ,19 September
Munich's Oktoberfest opens amid tight security
GMT 16:06 2017 Friday ,20 January
Humans, not climate, killed off Australia's big beasts
GMT 21:06 2017 Monday ,08 May
50 Houthis killed, injured in Arab coalition raids in Yemen
GMT 10:06 2016 Friday ,19 August
Murray survives grueling day for top seeds
GMT 11:46 2017 Thursday ,27 April
China demands Israel not to employ its laborer in settlements, the latter agrees
GMT 12:12 2017 Saturday ,05 August
Pakistani Premier meets British FM
GMT 12:57 2017 Monday ,08 May
Protests at site of deadly mine collapse in Iran
GMT 14:19 2017 Thursday ,25 May
Virgin Atlantic flight from Dubai to London evacuated
GMT 20:00 2017 Thursday ,19 October
Egypt to tackle overpopulation
GMT 13:33 2018 Thursday ,13 December
Assad discusses Syrian constitutional committee with Russian delegation
GMT 14:10 2018 Wednesday ,12 December
Russian media watchdog ready to block Google if fines prove ineffective
GMT 03:07 2018 Friday ,19 January
Amazonians want pope to come to their defense
GMT 09:13 2018 Tuesday ,16 January
Volkswagen reports record global car sales
GMT 13:50 2017 Saturday ,11 February
Tanzanian president appoints new anti-narcotics team
GMT 22:11 2018 Monday ,08 January
Bahrain attracts clean, safe, sustainable energy investments
GMT 03:35 2017 Sunday ,05 March
Egypt reduces price of commercial sugar to EGP 10.50
GMT 20:39 2017 Tuesday ,18 April
AL to organize ceremony to honor Bahraini PM
GMT 10:30 2017 Thursday ,26 October
Asia faces air travel infrastructure 'crisis': IATA
GMT 20:20 2017 Wednesday ,13 September
First Chinese Visa Application Service Centre in the Middle East opens in Dubai
GMT 11:37 2017 Tuesday ,12 December
A Better Mammogram? Huge Study Putting
GMT 11:19 2017 Sunday ,10 December
Ronaldo stars as rejuvenated
GMT 05:00 2017 Tuesday ,18 April
Ant hikes MoneyGram bid by more than a third
GMT 04:51 2017 Thursday ,16 March
Cathay Pacific posts 1st annual loss since 2008
GMT 20:21 2017 Wednesday ,31 May
Moscow: Russian warship, sub fire cruise missiles at IS in Syria
GMT 02:57 2017 Sunday ,19 March
Timely surgery saves girl born with rare gastrointestinal defects
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor