Demand was more than double the offer at 11.48 billion euros
Bernanke testifies about monetary policy before the House Financial Services on Capitol Hill in Washington
Bernanke takes his seat to testify about monetary policy before the House Financial Services on Capitol Hill in Washington
Federal Reserve Chairman Ben Bernanke
The U.S. Federal Reserve building is seen in Washington
The Euro sculpture is pictured in front of the ECB headquarters in Frankfurt
Federal Reserve Chairman Ben Bernanke
800 banks lined up to borrow a record 529.5 billion euros ($712 billion)
ECB head Mario Draghi
BdB head Michael Kemmer called the measures "buying time"
Federal Reserve Chairman Ben Bernanke
U.S. Federal Reserve Chairman Ben Bernanke testifies before a Senate Budget Committee hearing on the outlook for U.S. Monetary and Fiscal Policy on Capitol Hill
800 banks lined up to borrow a record 529.5 billion euros ($712 billion)
ECB head Mario Draghi
Austrian central bank chief Ewald Nowotny said there was "some talk about green shoots"
The ECB said it had fully allotted a total 529.53 billion euros in bids from 800 banks at rate of 1.0 percent
Draghi said the aim of the new funding was for banks to lend to households and businesses
The US Federal Reserve said Tuesday it had sold off the last of the assets acquired from bailed-out insurer AIG
The so-called EU-ECB-IMF "troika" approved the payment of aid worth 14.9 billion euros
Greek Finance Minister Evangelos Venizelos (left) speaks to European Central Bank president Mario Draghi

Fed policymakers concerned about QE: minutes

Massive Federal Reserve asset purchases are worrying its policymakers, with some wanting to wind them down before the jobs market heals significantly, according to official minutes released Wednesday.
 

London shares rally

London shares rallied at the end of trade on Wednesday on an increasing prospect of more cash stimulus from the Bank of England.
 

UK economy moves closer to new stimulus injection

Britain's economy, at risk of a third recession in five years despite record employment, could see a fresh injection of cash stimulus, according to minutes of a Bank of England meeting published on Wednesday.
 

Spanish PM says economic disaster averted

Spain's Prime Minister Mariano Rajoy declared Wednesday he had saved the country from economic disaster and vowed to crack down on corruption, in his first state of the nation address as he fended off a party slush-fund scandal.
 

European stocks mixed; London hits five-year high

European stock markets diverged on Wednesday, with London rallying on an increasing prospect of more cash stimulus from the Bank of England, while Paris dropped on profit-taking, analysts said.
 

Fresh unrest erupts at Greek anti-austerity protests

Police in Athens fired tear gas at stone-throwing protestors Wednesday as thousands of Greeks walked off the job to join the debt-ridden country's first general strike this year and oppose austerity measures.
 

European stocks mixed as London hits five-year high

European stock markets diverged on Wednesday, with London rallying on an increasing prospect of more cash stimulus from the Bank of England, while Paris dropped on profit taking, analysts said.
 

Thousands join Greek anti-austerity protests

Thousands of Greeks joined new anti-austerity protests Wednesday, causing massive disruption to flights, ferries and hospital services in the debt-ridden country's first general strike this year.
 

New anti-austerity strike grips Greece

Greece was hit by a fresh strike on Wednesday called by leading unions against unrelenting austerity in the recession-weary nation ahead of an audit by international creditors, disrupting flights, ferries and hospital services.
 

S.Korea's external debt hits record high in 2012

South Korea's long-term external debt hit a record high in 2012 on steady foreign buying of local bonds, but its short-term debt fell to a six-year low, according to the latest central bank data.
 

Greece braces for 24-hour general strike

Greece braced for a 24-hour general strike called by the two main unions in protest against austerity measures, ahead of a scheduled audit by the country's international creditors.
 

German investor sentiment hits three-year high

Investor sentiment in Germany has risen to levels last seen before the start of the three-year-old debt crisis, adding to signs that Europe's top economy is over the worst, a poll found on Tuesday.
 

Asian markets fall, Japan weighed by strong yen

Asian markets were mostly lower on Tuesday as Tokyo slipped following an uptick in the yen while Chinese shares fell on fears Beijing may act to rein in soaring property prices.
 

Lithuania declares Ukio bank insolvent

The Lithuanian central bank on Monday declared Ukio Bankas insolvent and opened talks on transferring the lender's assets to the Baltic state's smaller Siauliu Bankas.
 

ECB chief says low interest rates can cause problems

The head of the European Central Bank on Monday outlined the risks of keeping interest rates low for a long period, suggesting the ECB is unlikely to slash rates further from already record lows.
 

Eurozone current account surplus narrows: ECB

The eurozone's current account surplus narrowed to 13.9 billion euros ($18.5 billion) in December from 15.9 billion euros in November, European Central Bank data showed on Monday.
 

Asian markets mixed after G20 talks

Asian markets were mixed, with Tokyo surging thanks to a weakening yen after a weekend G20 meeting ended without accusing Japan of orchestrating a recent slide in its currency.
 

Japan PM ramps up pressure on central bank

Japan's Prime Minister Shinzo Abe ramped up pressure on the central bank, signalling he may rein in the institution's independence if it fails to achieve an ambitious inflation target.
 

Asian markets mixed after G20 talks

Asian markets were mixed Monday, with Tokyo surging thanks to a weakening yen after a weekend G20 meeting ended without accusing Japan of orchestrating a recent slide in its currency.
 

Yen weakens in Asia after G20 talks

The yen weakened in Asia after G20 finance ministers pledged not to devalue their currencies and avoided targeting Tokyo over the recent plunge in the Japanese unit.