- ECB can expand its tools to fight crisis - board member Reuters - 1 hour 26 minutes ago
By Jason Lange WASHINGTON (Reuters) - The European Central Bank could expand its policy toolkit if needed to battle deflation risks, a top ECB official said on Wednesday, … More »ECB can expand its tools to fight crisis - board member
By Jason Lange WASHINGTON (Reuters) - The European Central Bank could expand its policy toolkit if needed to battle deflation risks, a top ECB official said on Wednesday, adding that the central bank was also weighing measures to encourage more lending in the euro zone. Peter Praet, a member of the ECB's executive board, …
- Google boss says company is doing 'right thing' on tax AFP - 2 hours 21 minutes ago
Google boss Eric Schmidt insisted Wednesday his company was trying to do the "right thing" as it faces criticism in Britain over the amount of tax it pays, saying it … More »Google boss says company is doing 'right thing' on tax
- Europe targets Switzerland in fight against bank secrecy Reuters - 3 hours ago
By John O'Donnell and Martin Santa BRUSSELS (Reuters) - Europe edged closer to lifting banking secrecy on Wednesday after Austria said it was ready to share data on foreign … More »Europe targets Switzerland in fight against bank secrecy
By John O'Donnell and Martin Santa BRUSSELS (Reuters) - Europe edged closer to lifting banking secrecy on Wednesday after Austria said it was ready to share data on foreign depositors but Vienna's support could fade should efforts to strike a similar deal with Switzerland fail. Austria's dropping of objections allowed EU …
- Fed officials want more progress before bond tapering: minutes Reuters - 3 hours ago
WASHINGTON (Reuters) - Many Federal Reserve officials earlier this month wanted to see more evidence that the economy was recovering before shifting toward a tapering … More »Fed officials want more progress before bond tapering: minutes
WASHINGTON (Reuters) - Many Federal Reserve officials earlier this month wanted to see more evidence that the economy was recovering before shifting toward a tapering of their bond purchase program, the Fed said on Wednesday. "Most observed that the outlook for the labor market had shown progress since the program was started …
- ECB's Praet calls for caution on bank deleveraging Reuters - 3 hours ago
WASHINGTON (Reuters) - The European Central Bank must be careful that deleveraging by euro zone banks does not affect the economy such that inflation drops too low, ECB … More »ECB's Praet calls for caution on bank deleveraging
WASHINGTON (Reuters) - The European Central Bank must be careful that deleveraging by euro zone banks does not affect the economy such that inflation drops too low, ECB Executive Board member Peter Praet said on Wednesday. "We have to be very attentive that the balance sheet adjustment doesn't lead to macro conditions that …
- Germany takes bilateral paths to tackle EU jobs crisis Reuters - 3 hours ago
By Annika Breidthardt BERLIN (Reuters) - Germany is banking on bilateral deals to fight record youth unemployment in the euro zone, agreeing to cooperate with several … More »Germany takes bilateral paths to tackle EU jobs crisis
By Annika Breidthardt BERLIN (Reuters) - Germany is banking on bilateral deals to fight record youth unemployment in the euro zone, agreeing to cooperate with several countries to bypass pan-European bureaucracy. On Wednesday, Finance Minister Wolfgang Schaeuble and Portugal's Vitor Gaspar said Germany's state development …
- Praet says ECB can expand its tools to fight crisis Reuters - 5 hours ago
WASHINGTON (Reuters) - The European Central Bank could expand its monetary policy toolkit if needed to respond to threats to price stability, and must ensure the euro … More »Praet says ECB can expand its tools to fight crisis
WASHINGTON (Reuters) - The European Central Bank could expand its monetary policy toolkit if needed to respond to threats to price stability, and must ensure the euro zone economy does not enter a downward spiral, ECB Executive Board member Peter Praet said on Wednesday. "We have an objective: price stability," Praet, who …
- Bulgaria's largest party seeks to annul election results Reuters - 5 hours ago
SOFIA (Reuters) - Bulgaria's largest political party sought to annul the results of a May 12 election on Wednesday, threatening further uncertainty in the European Union's … More »Bulgaria's largest party seeks to annul election results
SOFIA (Reuters) - Bulgaria's largest political party sought to annul the results of a May 12 election on Wednesday, threatening further uncertainty in the European Union's poorest country where street protests against austerity measures toppled the last government. The centre-right GERB party, which was forced to resign …
- Germany's Bundesbank chief says France must cut deficit AFP - 6 hours ago
The head of Germany's Bundesbank, Jens Weidmann, said France needs to make additional efforts to reduce its public deficit, in an interview published Wednesday. More »Germany's Bundesbank chief says France must cut deficit
- Egypt keeps currency price steady at special auction Reuters - 6 hours ago
CAIRO (Reuters) - Egypt's central bank kept the price of the country's currency steady against the dollar at a special $800 million foreign exchange auction on Wednesday, … More »Egypt keeps currency price steady at special auction
CAIRO (Reuters) - Egypt's central bank kept the price of the country's currency steady against the dollar at a special $800 million foreign exchange auction on Wednesday, called to help importers pay for wheat, meat, cooking oil and other essential imports. It did not say how much currency it actually sold. Egypt has used …
- BoE boss again loses call for more QE stimulus AFP - 7 hours ago
Bank of England governor Mervyn King called in May for more quantitative easing stimulus cash at his penultimate meeting, but was out-voted for the fourth month in a … More »BoE boss again loses call for more QE stimulus
- Bernanke warns against premature policy tightening AFP - 8 hours ago
US Federal Reserve Chairman Ben Bernanke acknowledged the risks of the Fed's low interest-rate policy Wednesday but warned that tightening policy now could stall the … More »Bernanke warns against premature policy tightening
- Egyptian factories, hit by subsidy cuts, highlight Cairo's fiscal dile … Reuters - 8 hours ago
By Asma Alsharif AL-SAFF, Egypt (Reuters) - Hundreds of soot-stained factory chimneys dot the horizon in the industrial city of al-Saff, south of Cairo, but only a few … More »Egyptian factories, hit by subsidy cuts, highlight Cairo's fiscal dile …
By Asma Alsharif AL-SAFF, Egypt (Reuters) - Hundreds of soot-stained factory chimneys dot the horizon in the industrial city of al-Saff, south of Cairo, but only a few spew black smoke. Two years after the revolution that overthrew president Hosni Mubarak, Egyptian industry is struggling as political instability has scared …
- U.S. government taps GlaxoSmithKline for new antibiotics Reuters - 9 hours ago
By Ben Hirschler LONDON (Reuters) - The U.S. government has signed an antibiotics development deal worth up to $200 million with GlaxoSmithKline to tackle the dual threats … More »U.S. government taps GlaxoSmithKline for new antibiotics
By Ben Hirschler LONDON (Reuters) - The U.S. government has signed an antibiotics development deal worth up to $200 million with GlaxoSmithKline to tackle the dual threats of drug resistance and bioterrorism. The collaboration, the first of its kind between Washington and a drug company, will allow funding to move around …
- Europe closes in on tax havens; Austria agrees to swap bank data Reuters - 10 hours ago
By John O'Donnell BRUSSELS (Reuters) - Europe moved closer to ending banking secrecy on Wednesday after Austria dropped objections to sharing data on foreign depositors … More »Europe closes in on tax havens; Austria agrees to swap bank data
By John O'Donnell BRUSSELS (Reuters) - Europe moved closer to ending banking secrecy on Wednesday after Austria dropped objections to sharing data on foreign depositors and the EU focused on negotiating a similar agreement with Switzerland. "It's a bad day for tax cheats," Austrian Chancellor Werner Faymann told reporters …







