A look at impact of ECB rate cut
The European Central Bank influences the cost of borrowing in the economy of the 17-country eurozone by moving its key interest rate up and down.
OECD urges Italy to keep austerity as Rome balks
Italy must continue to bring down its public debt, the Organization for Economic Cooperation and Development said Thursday, even as the country's new ...
Reactions to European Central Bank rate cut
The European Central Bank, which sets monetary policy for the 17 European Union countries that use the euro, cut its main interest rate by a quarter ...
Denmark cuts key interest rate to 0.2 percent
Denmark's central bank has cut its key interest rate by 0.1 percentage points to 0.2 percent following a similar move by the European Central Bank.
Glance: Key ECB measures to calm eurozone crisis
The European Central Bank and its president, Mario Draghi, have played a key role in fighting the government debt crisis afflicting the 17 European ...
Credit-easing steps by central banks, at a glance
The European Central Bank cut its key interest rate Thursday by a quarter percentage point to a new all-time low of 0.5 percent, a move aimed at ...
Text of statement by ECB President Mario Draghi
Below is the full text of the statement that European Central Bank President Mario Draghi delivered at his press conference on Thursday. "Ladies and ...
Oil trades above $91, recovering from big drop
The price of oil made gains above $91 per barrel Thursday, rebounding from a steep drop, as the European Central Bank cut its key interest rate to a ...
ECB weighs rate cut as eurozone economy struggles
Economists say the European Central Bank could cut interest rates as soon as Thursday because of fears that the euro area's economy isn't recovering ...
Markets steady despite growing ECB rate cut talk
European markets steadied Tuesday following a strong performance the previous session despite growing expectations of an interest rate reduction from ...
Eurozone inflation falls to 3-year low in April
Expectations are mounting that European Central Bank will cut interest rates this week after figures Tuesday showed inflation in the euro area at a ...
Italy's new government wins 1st confidence vote
Italy's new government easily passed its first confirmation vote Monday in Parliament after Premier Enrico Letta made concessions to his uneasy ...
German inflation down, door open for ECB rate cut
The European Central Bank has a freer hand to cut its key interest rate now that official figures show German inflation dropped to an annual 1.
Greece's largest bank backs cash infusion plan
Greece's largest bank has approved a recapitalization plan worth 9.76 billion euros ($12.8 billion), insisting it will raise enough money privately ...
Cyprus tries to make politicians more accountable
Cyprus' president and other politicians will have their immunity from prosecution significantly curbed as part of a package of new reforms aiming to ...
Oil inches up above $93 despite US growth letdown
Oil prices pushed back above $93 per barrel Monday as sentiment in financial markets was shored up by the formation of an Italian government and ...
Spain slashes forecasts and delays deficit targets
Spain slashed its economic forecasts Friday and said it would take two years longer than promised to cut its swollen deficit in an acknowledgement ...
Mexican, Brazilian lead race to be next WTO chief
A Latin American is set to take the helm of the World Trade Organization after the field for the agency's next director general has narrowed to ...
Draining cash, Egypt on $30 billion search for aid
During a meeting in a Black Sea resort city, Egypt's president and members of his government turned to Russian President Vladimir Putin and asked for ...
Spain's jobless above 6 million for first time
With more than 6 million unemployed for the first time ever, Spain's jobless rate shot up to a record 27.2 percent in the first quarter of 2013, the ...
Top ECB official cautions: rate cuts have costs
A top European Central Bank official warned Thursday that another interest rate cut might not be much help for eurozone countries in recession — ...
EU lawmakers support free trade deal with US
European Union lawmakers have voted in favor of starting talks on a wide-ranging free trade agreement with the United States. A parliamentary ...
UK in dark mood as new recession may be confirmed
Recession may just be a word. But in Britain it may become a habit — and a dangerous one at that. It's possible that official figures on first quarter ...
Predictions of ECB rate cut grow as growth fades
Evidence that Europe's economic downturn is weighing more heavily on its strongest member, Germany, has convinced more and more experts that the ...
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