http://www.mail.com/people/861646-mario-draghi.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.23/img/mailcom_logo_rss.png http://www.mail.com/people/861646-mario-draghi.html http://www.mail.com/business/economy/1853618-russia-to-contribute-to-cyprus-bailout.html NICOSIA, Cyprus (AP) — Russia is likely to contribute money to a rescue package that Cyprus is trying to finalize with eurozone partners, the cash-strapped country's finance minister said Tuesday. Vassos Shiarly said leaders from the other 16 EU countries that use the euro are in "high level" talks with Moscow about a contribution to the bailout and that ... Tue, 29 Jan 2013 16:45:00 GMT http://www.mail.com/business/economy/1853618-russia-to-contribute-to-cyprus-bailout.html 2013-01-29T16:45:00Z http://www.mail.com/business/economy/1845248-markets-higher-good-news-europe-japan.html AMSTERDAM (AP) — Positive economic news from the European Central Bank and Germany, combined with promises of more monetary easing in Japan, helped stock indexes in those countries lead most markets around the world higher Friday. U.S. stocks rose in early trading, helped by a strong quarterly earnings report from Procter & Gamble. In Japan, stocks were g... Fri, 25 Jan 2013 16:41:00 GMT http://www.mail.com/business/economy/1845248-markets-higher-good-news-europe-japan.html 2013-01-25T16:41:00Z http://www.mail.com/business/economy/1845170-economist-euro-crisis-erupt-this-year.html DAVOS, Switzerland (AP) — Is the euro crisis over? A leading U.S. economist says not by a long shot. Even as the head of the European Central Bank talked Friday of "positive contagion" in the markets and predicted an economic recovery for the recession-hit eurozone later this year, economist Barry Eichengreen warned that the debt crisis that has shaken Eu... Fri, 25 Jan 2013 14:37:00 GMT http://www.mail.com/business/economy/1845170-economist-euro-crisis-erupt-this-year.html 2013-01-25T14:37:00Z http://www.mail.com/business/economy/1845348-draghi-reforms-needed-growth.html DAVOS, Switzerland (AP) — The President of the European Central Bank admits the renewed calm in the euro area's financial markets has yet to be reflected in the wider European economy. Mario Draghi said Friday at the World Economic Forum that markets for stocks, bonds and bank credit have "a new, restored sense of tranquility." But he added that "we don't... Fri, 25 Jan 2013 09:32:00 GMT http://www.mail.com/business/economy/1845348-draghi-reforms-needed-growth.html 2013-01-25T09:32:00Z http://www.mail.com/news/world/1823970-european-leaders-headlining-annual-forum-davos.html GENEVA (AP) — Promoting measures to get the global economy out of its crisis mode will be the focal point of next week's annual gathering of world leaders and power brokers in the Swiss ski resort of Davos, organizers said Wednesday. Four European leaders — Russian Prime Minister Dmitry Medvedev, British Prime Minister David Cameron, German Chancellor Ang... Wed, 16 Jan 2013 14:43:00 GMT http://www.mail.com/news/world/1823970-european-leaders-headlining-annual-forum-davos.html 2013-01-16T14:43:00Z http://www.mail.com/business/markets/1814586-europes-markets-climb-through-slump.html NEW YORK (AP) — The big worry a year ago was that Greece would collapse under its debts, upend Europe's markets and set off a global financial crisis. But the world's most dangerous bond market turned out to be one of the world's best bets last year: Greece's government bonds soared 97 percent as the debt crisis eased. Across Europe, many of the region's stock markets outpac... Sun, 13 Jan 2013 16:24:00 GMT http://www.mail.com/business/markets/1814586-europes-markets-climb-through-slump.html 2013-01-13T16:24:00Z http://www.mail.com/business/markets/1813528-markets-temper-enthusiasm-japan-stimulus.html PARIS (AP) — World markets see-sawed Friday between hope and concern for the world economy, as investors weighed a massive spending package meant to reinvigorate Japan's economy against evidence that inflation in China was rising. Japan's Nikkei stock index soared after Japanese Prime Minister Shinzo Abe announced an anti-recession stimulus package of mor... Fri, 11 Jan 2013 16:26:00 GMT http://www.mail.com/business/markets/1813528-markets-temper-enthusiasm-japan-stimulus.html 2013-01-11T16:26:00Z http://www.mail.com/business/markets/1811310-stocks-gain-pushing-sp-500-to-five-year-high.html NEW YORK (AP) — The Standard and Poor's 500 closed at another five-year high Thursday after the stock market got a boost from reports suggesting the outlook for economic growth may be improving. The S&P 500 rose 11.10 points to 1,472.12, its highest close since December 2007, when the U.S. economy was entering the Great Recession. It also closed at a five... Thu, 10 Jan 2013 20:48:00 GMT http://www.mail.com/business/markets/1811310-stocks-gain-pushing-sp-500-to-five-year-high.html 2013-01-10T20:48:00Z http://www.mail.com/business/economy/1811030-draghi-eurozone-turning-point-yet.html FRANKFURT, Germany (AP) — European Central Bank President Mario Draghi says the euro area's struggling economy is showing early signs of improvement and should grow modestly by the end of 2013 but it is not out of the danger zone yet as it struggles with recession and too much debt. The group of 17 European Union countries that use the euro will recover g... Thu, 10 Jan 2013 16:33:00 GMT http://www.mail.com/business/economy/1811030-draghi-eurozone-turning-point-yet.html 2013-01-10T16:33:00Z http://www.mail.com/business/markets/1810924-ecb-leaves-rates-record-low-europe-struggles.html FRANKFURT, Germany (AP) — The European Central Bank has left its benchmark interest rate unchanged at a record low of 0.75 percent even though the economy in the euro area is in recession. Analysts claim that any further rate cut might not necessarily help out the 17 European Union countries that use the euro. The current low ECB rates are intended to pus... Thu, 10 Jan 2013 11:56:00 GMT http://www.mail.com/business/markets/1810924-ecb-leaves-rates-record-low-europe-struggles.html 2013-01-10T11:56:00Z http://www.mail.com/business/markets/1810458-ecb-expected-to-leave-rates-record-low.html FRANKFURT, Germany (AP) — Europe's stalled economy won't get more help Thursday from the European Central Bank, which is expected to hold off cutting interest rates as it waits for financial markets to heal so that its already low benchmark rates get through to businesses and consumers. Most analysts say the bank will leave its key refinancing rate at a r... Thu, 10 Jan 2013 04:26:00 GMT http://www.mail.com/business/markets/1810458-ecb-expected-to-leave-rates-record-low.html 2013-01-10T04:26:00Z http://www.mail.com/business/markets/1790242-surprisingly-good-vintage-market-logs-gains.html NEW YORK (AP) — If you'd told investors what was going to happen in 2012 — U.S. economic growth at stall speed, an intensifying European debt crisis, a slowdown in China, fiscal deadlock in Washington, decelerating corporate earnings growth — and asked how the stock market would perform, few would have predicted a good year. But that's just what they got.... Mon, 31 Dec 2012 21:26:00 GMT http://www.mail.com/business/markets/1790242-surprisingly-good-vintage-market-logs-gains.html 2012-12-31T21:26:00Z http://www.mail.com/business/economy/1766406-ecb-crisis-eases-no-room-complacency.html FRANKFURT, Germany (AP) — European Central Bank officials say there is "no room for complacency" even though stresses from the debt crisis have eased on banks and financial markets. The central bank for the 333 million people in the 17-country eurozone on Friday warned that failure by governments to reduce deficits and improve growth risked worsening the ... Fri, 14 Dec 2012 12:09:00 GMT http://www.mail.com/business/economy/1766406-ecb-crisis-eases-no-room-complacency.html 2012-12-14T12:09:00Z http://www.mail.com/business/markets/1764616-glance-eus-key-decisions-2012.html In a whirlwind of decision-making, ministers from the European Union's 27 countries agreed Thursday on the foundation of a fully-fledged banking union and approved billions of euros in bailout loans for Greece that will prevent it from going bankrupt. Both decisions are vital in bringing calm to crisis-hit Europe and strengthening the region against any further financial sho... Thu, 13 Dec 2012 16:15:00 GMT http://www.mail.com/business/markets/1764616-glance-eus-key-decisions-2012.html 2012-12-13T16:15:00Z http://www.mail.com/business/economy/1760578-eurozone-industrial-output-surprise-slump.html LONDON (AP) — Industrial production across the 17 European Union countries that use the euro unexpectedly slumped in October, official figures showed Wednesday, in another sign that the region's recession is getting worse and weighing on big economies like Germany. Eurostat, the EU's statistics office, said industrial production fell by a monthly 1.4 perc... Wed, 12 Dec 2012 11:19:00 GMT http://www.mail.com/business/economy/1760578-eurozone-industrial-output-surprise-slump.html 2012-12-12T11:19:00Z http://www.mail.com/business/markets/1755936-italian-election-stress-eurozone.html FRANKFURT, Germany (AP) — Until last weekend, Europe seemed headed for a quiet Christmas and New Year's. Then Italy's Prime Minister Mario Monti unexpectedly announced he was going to resign, pulling the plug on a government that had boosted confidence in the country's ability to manage its debts. The prospect of a return to a shaky government and finance... Mon, 10 Dec 2012 18:16:00 GMT http://www.mail.com/business/markets/1755936-italian-election-stress-eurozone.html 2012-12-10T18:16:00Z http://www.mail.com/business/markets/1750504-draghi-supports-hungarys-embattled-central-bank.html BUDAPEST, Hungary (AP) — European Central Bank President Mario Draghi on Friday defended his Hungarian counterpart against the government's efforts to limit his independence and authority over monetary policy. Draghi emphasized the importance that central banks remain independent of government influence. Prime Minister Viktor Orban and his government have... Fri, 07 Dec 2012 16:57:00 GMT http://www.mail.com/business/markets/1750504-draghi-supports-hungarys-embattled-central-bank.html 2012-12-07T16:57:00Z http://www.mail.com/business/economy/1748142-ecb-cuts-growth-outlook-eurozone-holds-rates.html FRANKFURT, Germany (AP) — The European Central Bank warned of another gloomy year for the 17 European Union countries that use the euro, cutting its forecast for economic growth in 2013 from plus 0.5 percent to minus 0.3 percent. Even so, the bank left rates unchanged at its meeting Thursday, and ECB head Mario Draghi gave little sign he was leaning towar... Thu, 06 Dec 2012 16:45:00 GMT http://www.mail.com/business/economy/1748142-ecb-cuts-growth-outlook-eurozone-holds-rates.html 2012-12-06T16:45:00Z http://www.mail.com/business/markets/1748340-key-quotes-ecb-head-draghis-press-briefing.html FRANKFURT, Germany (AP) — At his monthly news conference following the European Central Bank's policy-setting meeting, President Mario Draghi on Thursday answered questions from reporters. Here are some highlights of the things he said: — ECONOMIC GROWTH The ECB cuts its forecast for economic growth in the 17-country eurozone next year. Draghi said growth... Thu, 06 Dec 2012 14:20:00 GMT http://www.mail.com/business/markets/1748340-key-quotes-ecb-head-draghis-press-briefing.html 2012-12-06T14:20:00Z http://www.mail.com/business/markets/1748158-ecb-president-mario-draghis-speech.html Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today's meeting of the Governing Council, which was also attended by the Commission Vice-President, Mister Rehn. Based on our regular economic and monetary analyses, we decided to keep the key ECB interest rates unch... Thu, 06 Dec 2012 13:08:00 GMT http://www.mail.com/business/markets/1748158-ecb-president-mario-draghis-speech.html 2012-12-06T13:08:00Z http://www.mail.com/business/economy/1748014-ecb-holds-rates-with-euro-stimulus.html FRANKFURT, Germany (AP) — The European Central Bank left its key interest rate unchanged at a record low Thursday, holding off on further stimulus even as the economy across the 17 European Union countries that use the euro limps through a recession. The bank's 22-member governing council kept the refinancing rate unchanged at 0.75 percent. The rate deter... Thu, 06 Dec 2012 12:32:00 GMT http://www.mail.com/business/economy/1748014-ecb-holds-rates-with-euro-stimulus.html 2012-12-06T12:32:00Z http://www.mail.com/business/economy/1733580-eurozone-unemployment-hits-record-high.html LONDON (AP) — Another month, another record unemployment rate for the economy of the 17 European Union countries that use the euro. Figures released Friday by Eurostat, the EU's statistics office, showed that the recession in the eurozone pushed unemployment up in the currency bloc to 11.7 percent in October, the highest level since the introduction of th... Fri, 30 Nov 2012 14:59:00 GMT http://www.mail.com/business/economy/1733580-eurozone-unemployment-hits-record-high.html 2012-11-30T14:59:00Z http://www.mail.com/business/markets/1725196-eurozone-imf-reach-deal-to-reduce-greek-debt.html BRUSSELS (AP) — The 17 European Union nations that use the euro have struck an agreement with the International Monetary Fund on a program to reduce Greek debt and put Athens on the way to get the next installment of its much-needed bailout loans. The first disbursement is set to take place Dec. 13, said Jean-Claude Juncker, head of the eurogroup of finan... Tue, 27 Nov 2012 01:18:00 GMT http://www.mail.com/business/markets/1725196-eurozone-imf-reach-deal-to-reduce-greek-debt.html 2012-11-27T01:18:00Z http://www.mail.com/business/economy/1723914-uk-picks-canadian-to-lead-bank-england.html LONDON (AP) — The British government has chosen Mark Carney, a Canadian, to become governor of the Bank of England, the first time a foreigner has been tapped for the position since the central bank was founded in 1694. Treasury chief George Osborne announced the surprise choice to the House of Commons on Monday, saying Carney — who is currently the head ... Mon, 26 Nov 2012 21:17:00 GMT http://www.mail.com/business/economy/1723914-uk-picks-canadian-to-lead-bank-england.html 2012-11-26T21:17:00Z http://www.mail.com/news/world/1719118-eu-leaders-approve-mersch-male-ecb.html BRUSSELS (AP) — The appointment of Luxembourg's top banker to a top post at the European Central Bank left it looking a lot like an Old Boys' Club on Friday. After the European Union leaders picked Yves Mersch in the dead of night Thursday, overriding the objections of its parliament, it left the ECB executive board with six men out of six, and an all-mal... Fri, 23 Nov 2012 17:20:00 GMT http://www.mail.com/news/world/1719118-eu-leaders-approve-mersch-male-ecb.html 2012-11-23T17:20:00Z http://www.mail.com/business/economy/1702076-eurozone-slides-recession.html LONDON (AP) — The 17-country eurozone has fallen back into recession for the first time in three years as the fallout from the region's financial crisis was felt from Amsterdam to Athens. And with surveys pointing to increasingly depressed conditions across the 17-member group at a time of austerity and high unemployment, the recession is forecast to deep... Thu, 15 Nov 2012 18:12:00 GMT http://www.mail.com/business/economy/1702076-eurozone-slides-recession.html 2012-11-15T18:12:00Z http://www.mail.com/business/markets/1689836-3-bumpy-years-europe-turns-corner-crisis.html FRANKFURT, Germany (AP) — The worst of Europe's financial crisis appears to be over. European leaders have taken steps to ease the panic that has plagued the region for three turbulent years. Financial markets are no longer in a state of emergency over Europe's high government debts and weak banks. And this gives politicians from the 17 countries that use... Fri, 09 Nov 2012 22:07:00 GMT http://www.mail.com/business/markets/1689836-3-bumpy-years-europe-turns-corner-crisis.html 2012-11-09T22:07:00Z http://www.mail.com/business/markets/1688998-global-markets-shaken-us-fiscal-cliff-fears.html World stocks mostly fell Friday as fears persisted over the so-called U.S. "fiscal cliff" that's seen as a big threat to the economic recovery. By midafternoon in Europe, Britain's FTSE 100 index of leading companies was down 0.5 percent at 5,749.88 while Germany's DAX was 1.2 percent lower at 7,120.13. The CAC-40 in France slipped 0.3 percent to 3,397.53... Fri, 09 Nov 2012 14:34:00 GMT http://www.mail.com/business/markets/1688998-global-markets-shaken-us-fiscal-cliff-fears.html 2012-11-09T14:34:00Z