All posts tagged "ECB"

• ECB Chief: Parts of Europe Banking System ‘Face Challenges’

  FRANKFURT, Germany – European Central Bank head Mario Draghi says some eurozone banks “face challenges” but that the system is more resilient due to oversight that was strengthened after the global financial crisis. Draghi said Monday that...

  • Posted February 15, 2016
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• Eurozone Economy Ends 2015 with Whimper as Dark Clouds Grow

  LONDON – The 19-country eurozone is in its longest stretch of economic expansion since the global financial crisis in 2008 but growth remains paltry despite a series of tail winds and is susceptible to a reverse if...

  • Posted February 12, 2016
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• Questions Grow over Banks as Profit Warnings Pile Up

  PARIS – Questions are growing over the financial health of banks, particularly in Europe and the U.S., as they face a toxic mix of low economic growth, bad loans and squeezed earnings. France’s Societe Generale became Thursday...

  • Posted February 11, 2016
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• Eurozone Economy ‘Losing Steam’ amid Market Turmoil

  LONDON – The economic recovery in the 19-country eurozone lost steam in January, a closely watched survey found Wednesday, a sign that the turmoil in global financial markets is beginning to weigh on business activity. Financial information...

  • Posted February 3, 2016
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• US Stocks Edge Mostly Lower as Energy Prices Plunge Again

  NEW YORK – The stock market was able to recover from steep losses to close slightly lower on Monday as investors looked past another steep drop in the price of oil and renewed concerns about economic growth...

  • Posted February 1, 2016
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• ECB’S Draghi: Risks from Emerging Markets have Increased

  FRANKFURT, Germany – European Central Bank head Mario Draghi has warned that the “downside risks” facing Europe’s economy have increased due to the recent turmoil in emerging markets. Draghi’s remark Monday to the European Parliament in Strasbourg,...

  • Posted February 1, 2016
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• Greece Enters New Round of Bailout Talks amid Union Unrest

  ATHENS, Greece – The Greek government launched a new round of negotiations with rescue creditors Monday over the course of the country’s latest bailout program, amid highway blockades and angry union reaction to proposed pension reforms that...

  • Posted February 1, 2016
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• Paying the Bank Interest to Hold Your Deposits? What Gives?

  WASHINGTON – The idea sounds preposterous: Pay the bank to hold your money? But the Bank of Japan on Friday joined European central banks by introducing negative interest rates – that is, charging, not paying, for deposits....

  • Posted January 30, 2016
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• US Stocks Rise as Oil Prices Jumps Again; Tech Climbs

  NEW YORK – U.S. stocks rose Thursday as the price of oil climbed for the third day in a row while key oil-producing nations discussed cuts in production. Tech and consumer stocks traded higher, led by Amazon...

  • Posted January 28, 2016
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• After Stimulus Hint, ECB Chief Under Pressure to Deliver

  FRANKFURT, Germany – Mario Draghi, president of the European Central Bank, has a tricky six weeks ahead of him. The head of the top monetary authority for the 19-country eurozone helped stem a global stock market slide...

  • Posted January 26, 2016
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