7 hrs ago
Oil touches 26-month low as China slowdown hints at global decline
Oil touched a 26-month low of less than $97-a-barrel on signs of a slowdown in China, while more evidence emerged that a global decline could be just around the corner. The Organisation for Economic Co-operation Development slashed its growth forecasts for nearly every advanced economy, bar Britain's, for this year and next.
14 hrs ago
Eurozone economic growth forecast cut
German Finance Minister Wolfgang Schauble speaks during a news conference in Milan, Italy, Saturday, Sept. 13, 2014.
19 hrs ago
OECD slashes growth forecasts, urges aggressive ECB action
The OECD slashed its growth forecasts for major developed economies on Monday, urging much more aggressive ECB stimulus to ward off the risk of deflation in a subdued eurozone. The call adds to growing pressure on the eurozone, and the European Central Bank in particular, to boost growth ahead of a meeting of finance ministers and central bankers from the Group of 20 economic powers later this week in Australia.
Sun Sep 14, 2014
International Business Times
Sleep Well To Work Better And More
Sleep is the nicest but perhaps the most neglected part of your life in today's fast-paced world. You may be skipping sleep in order to squeeze in some work, but that does not help you in the long run.
Silicon Alley Insider
World Waits For White Smoke From U.S. Fed
The U.S. Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week, as struggling Europe braces for a tight vote in Scotland on whether to leave the United Kingdom. As the U.S. economy picks up pace, its central bank is inching closer to raising interest rates, a move that will send ripples across the globe.
Worcester Telegram & Gazette
Volatility means boon for back-to-work currency traders
Currency traders returning to their desks after their vacations are experiencing a tumultuous September led by developed markets traditionally seen as stable. Volatility among Group of Seven currencies has surged to the highest since February, exceeding price swings in emerging economies for the first time since October, JPMorgan Chase & Co.
Sat Sep 13, 2014
EU ministers promote 'investment' but options unclear
EU ministers said on Saturday investment was key to bringing the European economy out of the doldrums, but options were limited with funding and spending issues still unresolved. MILAN: European Union ministers said on Saturday investment was key to bringing the European economy out of the doldrums, but options were limited with funding and spending issues still unresolved.
Greece on standby
France is jolting along: President Francois Hollande is trying to deflect attention from the unpleasant situation at home with French involvement in conflict-torn Syria. In Italy, Prime Minister Matteo Renzi is also behaving nervously as he tries to loosen the noose of fiscal discipline while attempting to check the incoming waves of undocumented migrants.
Fri Sep 12, 2014
Euro zone agrees fiscal policy, investment, reforms should compliment ECB loosening
Euro zone finance ministers agreed on Friday that the looser monetary policy of the European Central Bank should be complemented with a mix of fiscal policy, investment and structural reforms, to boost economic growth. "We will continue to work on this policy mix in the coming months," the chairman of euro zone finance ministers Jeroen Dijsselbloem told a news conference.
Milan Eurogroup to discuss progress of Greek economic reforms
Eurozone officials were to meet in Milan on Friday for an unofficial summit where the progress of Greece's economic reform drive is expected to top the agenda following negotiations between Greek government officials and the troika in Paris last week. Eurozone sources said the sustainability of Greece's debt is part of the talks, which are to resume in Athens later this month, but noted that the issue of debt would be focused on in more detail after the current troika review has been completed.
Thu Sep 11, 2014
Europe struggles with - Draghinomics'
European Central Bank head Mario Draghi made the first move in his grand plan to rescue the economic recovery. Now it's over to the governments of the 18 countries that use the euro.
Wall Street Journal
New ECB Building to Mark Nazi Past
With thousands of European Central Bank employees due to move into their new headquarters along Frankfurt's Main river in a few weeks, ECB and city officials Thursday unveiled how they will acknowledge the building site's dark history as the main deportation center for Frankfurt Jews in the early 1940s.
Burger King releases 'black burger' in Japan
Burger King in Japan is offering two new burgers, this one, the Kuro Pearl buger has a black bun and black cheese. The Kuro Diamond is one of two burgers offered by Burger King that features black buns and cheese.
ECB funding to Greek banks drops slightly in August
European Central Bank funding to Greek banks fell in August by 60 million euros, Greek central bank data showed on Thursday. Banks have reduced their exposure but still depend on ECB funding for liquidity.
Wall Street Journal
ECB's Noyer: Euro Still Too Strong
Bank of France Governor Christian Noyer said Thursday the European Central Bank needs to continue weakening the euro to reach its inflation target.
How To Invest Amid The So-Called Quantitative Easing 'Currency War'
The Wall Street Journal recently ran an article suggesting that the European Central Bank is "wading into a currency war." An inflammatory title to be sure, but it's worth exploring the effects of the quantitative easing programs now being run by the European Central Bank and their Japanese counterparts.
Wed Sep 10, 2014
European Central Bank Stimulus: Time To Go Long?
This past Thursday, the European Central Bank, or ECB, announced a surprise triple-interest rate cut and a round quantitative easing to start next month. Effective on September 10, the rate on the main refinancing operations will be decreased by 10 basis points to a new low of 0.05% while the rate on the marginal lending facility will be decreased to 0.30%.
Tue Sep 09, 2014
Stock Market Review
As The World Turns ...
U.S. economic data were mixed last week, but there was nothing in the August Employment Report to suggest that growth is slowing down. A surprise move from the European Central Bank pushed the euro lower, but there appears to be a lot more that the ECB can do.
Stronger euro justifies easier monetary policy - ECB's Coeure
A stronger euro is justification for an easier monetary policy, European Central Bank executive board member Benoit Coeure said in an interview with the Robert Schuman Foundation think tank. Coeure said that while the euro zone was not experiencing deflation, the level of inflation was currently "weak, too weak", with one recent factor in that being the strength of the euro.
Italy relaxes rules to channel ECB cash to small business
The Bank of Italy said on Monday it would broaden the range of assets Italian banks can use as collateral to borrow from the European Central Bank , providing a bigger incentive for them to lend some of the cash to small companies and households. The Bank of Italy said on Monday it would broaden the range of assets Italian banks can use as collateral to borrow from the European Central Bank , providing a bigger incentive for them to lend some of the cash to small companies and households.