The European Central Bank's move to cut interest rates and restart a larger stimulus program drew fast reaction from the White House on Thursday, with President Donald Trump saying the ECB was undercutting the value of its currency and "hurting U.S. exports."
The European Central Bank approved a fresh stimulus package as expected on Thursday, cutting interest rates and approving a new round of bond purchases to prop up euro zone growth and halt a worrisome drop in inflation expectations.
Bond yields tumbled across the euro zone on Thursday and the single currency fell toward recent 28-month lows after the European Central Bank cut interest rates and resumed asset buying, while bank shares ceded early knee-jerk gains.
The European Central Bank will be able to buy private sector bonds yielding less than its currently -0.5% deposit facility rate under its new, 20 billion euros per month bond purchase scheme, it said on Thursday.
European Central Bank President Mario Draghi said on Thursday that the euro zone economy was in a period of "protracted" economic weakness, with inflation staying low and the balance of risks tilted toward the downside.
If you’ve never raised capital for a startup, the road ahead may seem daunting. Here are some common startup funding mistakes and how to avoid them. Continue reading
U.S. stocks opened on Thursday after the United States delayed scheduled tariff hikes on billions worth of Chinese imports, and the European Central Bank cut interest rates in an effort to boost euro zone economic growth.
European stocks climbed on Thursday to their highest in seven weeks and bond yields tumbled as the European Central Bank's new stimulus measures and mutual concessions by the United States and China in their trade dispute buoyed riskier bets.
U.S. underlying consumer prices increased solidly in August, leading to the largest annual gain in a year, but rising inflation is unlikely to deter the Federal Reserve from cutting interest rates again next week to support a slowing economy.
European Central Bank President Mario Draghi said on Thursday the bank's weaker economic forecasts did not take into account the possibility of Britain leaving the European Union without an exit deal, even though the chances of a hard Brexit have increased.
The fate of Nissan CEO Hiroto Saikawa was sealed by two external directors who persuaded the board on Monday to oust the company veteran and spare the carmaker more reputational damage after a string of high-profile scandals, two sources said.
Consumers often discover that the score they check online is different from the number that's used when they apply for a loan.
Magnates and friends of prominent wildcatter T. Boone Pickens remembered him fondly in comments to CNBC.
Consumer prices slowed in August, rising by a slight 0.1%, reflecting a big drop in the cost of gasoline and other energy products.
U.S. trade advisers have discussed offering China a limited trade deal that would delay and even roll back some U.S. tariffs for the first time in return for Chinese commitments on intellectual property and agricultural purchases, Bloomberg reported, citing people familiar with the matter.