FRANKFURT -- Banks struggled to process payments on Friday after an unprecedented day-long breakdown in the European Central Bank's machine underpinning trillions of euros of money movements.

Banks encountered difficulties in handling payments on Friday due to an extraordinary, full-day malfunction of the European ...

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The European Central Bank experienced a major breakdown in its payment system, causing delays in transactions and impacting trillions of euros in payments. The malfunction disrupted the Target 2 ...

After trading choppily for most of the week, the EUR/USD pair plummeted on Thursday, bottoming early Friday at 1.0379, its lowest in over two weeks. It got to bounce modestly from the level ahead of ...

Key U.S. jobs data, a likely interest-rate cut by the ECB and China’s annual National People’s Congress will all attract ...

The European Central Bank's payment system experienced a seven-hour breakdown, disrupting trillions of euros in transactions. The issue was attributed to a hardware defect, not foul play. This ...

U.S. President Donald Trump floated a 25% "reciprocal" tariff on European cars and other goods on Wednesday, sparking renewed worries about a possible trade war ...