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Added on the 14/10/2016 17:06:15 - Copyright : Reuters EN
Just days before the latest European banking stress test results are published, analysts are on high alert for any signs of impending crisis in the sector as Deutsche Bank publishes its latest earnings. But, as Laura Frykberg reports, markets also warm to Santander's profit figures.
The US Federal Reserve votes to hold interest rates at a 22-year high for the third straight meeting and signaled it expects to make three cuts next year. SOUNDBITE
The Bank of England announces it will hold its key interest rate at 5.25 percent, a day after the Federal Reserve also froze borrowing costs as global inflation retreats. The BoE had already kept its rate steady at the central bank's previous monetary policy meeting in September, snapping a streak of 14 hikes in a row. But Governor Andrew Bailey says it is "much too early" to think about cutting rates. IMAGES
Protesters gather at the Aveyron Metallurgy Company (SAM), to denounce the suppression of over 300 jobs, following a decision by Renault to refuse the only offer to take over the foundry. IMAGES
In Rodez, just outside the southern French town of Toulouse, Bosch employees and those of the Jinjiang SAM foundry stage a joint demonstration over planned job cuts. The German group announced Friday it will cut 750 jobs in its Rodez Bosch factory by 2025. The SAM foundry, which works "80% for Renault", is planning to cut 214 jobs its current workforce of 357 as part of a new takeover deal. Their employees are on strike since Tuesday. IMAGES
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