European Central Bank

FRANKFURT, Germany | European Central Bank to weigh end to stimulus program

FRANKFURT, Germany — The European Central Bank is meeting to discuss when and how to end its bond-buying stimulus program, an exit that will have far-reaching consequences across the economy. The bank, which sets monetary policy for the 19 countries that use the euro, has been buying 30 billion euros ($35.5 billion) a month in … Continue reading FRANKFURT, Germany | European Central Bank to weigh end to stimulus program

FRANKFURT, Germany  | European Central Bank to weigh end to stimulus program

FRANKFURT, Germany  —The European Central Bank will on Thursday weigh when and how to end its bond-buying stimulus program — an exit that will have far-reaching consequences across the economy, from long-suffering savers to Europe’s indebted governments. The bank, which sets monetary policy for the 19 countries that use the euro, has been buying 30 … Continue reading FRANKFURT, Germany  | European Central Bank to weigh end to stimulus program

SEOUL, South Korea | Global stocks higher as investor worries on Italy ease

SEOUL, South Korea — Global stock markets were higher Thursday as remarks by a European Central Bank board member eased worries about the new Italian government’s spending plans. KEEPING SCORE: France’s CAC 40 rose 0.6 percent to 5,488.91 and Germany’s DAX gained 0.3 percent to 12,866.20. Europe opened mostly higher. Britain’s FTSE 100 was unchanged … Continue reading SEOUL, South Korea | Global stocks higher as investor worries on Italy ease

LONDON  | Eurozone inflation in big jump just as uncertainties mount

LONDON  — A big jump in energy prices has pushed inflation across the 19-country eurozone sharply higher and potentially paves the way for the European Central Bank to plot the end of its stimulus program. However, amid a raft of uncertainties in Europe, the bank is likely to tread carefully in coming months. There are … Continue reading LONDON  | Eurozone inflation in big jump just as uncertainties mount

FRANKFURT, Germany | Bulgaria hits setback in bid for euro membership

FRANKFURT, Germany (AP) — Bulgaria has hit a setback to its hopes of soon becoming a member of the shared euro currency after the European Central Bank said the EU’s poorest country needs “wide-ranging” reforms to get its economy in shape. That assessment came in the ECB’s report card Wednesday on progress toward membership among … Continue reading FRANKFURT, Germany | Bulgaria hits setback in bid for euro membership

HONG KONG | World stocks edge up as investors await ECB comments

HONG KONG — World stock markets were mostly higher Thursday as investors digested the latest corporate earnings and awaited comment from the head of the European Central Bank. KEEPING SCORE: France’s CAC 40 rose 0.5 percent to 5,441 and Germany’s DAX was up 0.1 percent at 12,439. Britain’s FTSE 100 edged up 0.1 percent as … Continue reading HONG KONG | World stocks edge up as investors await ECB comments

FRANKFURT, Germany | European Central Bank head to sift mixed signs on economy

FRANKFURT, Germany— Investors are waiting to hear what the European Central Bank’s president, Mario Draghi, makes of recent conflicting data about the region’s economy, and whether the bank will extend its extraordinary monetary stimulus efforts beyond September. Draghi holds a news conference Thursday after a meeting of the bank’s 25-member rate-setting committee at the bank’s … Continue reading FRANKFURT, Germany | European Central Bank head to sift mixed signs on economy

European Central Bank: Trump tariff move “dangerous”

FRANKFURT, Germany/March 8, 2018 (AP)(STL.News) — Europe’s top monetary official criticized U.S. President Donald Trump’s proposal to put tariffs on steel and aluminum imports as a “dangerous” unilateral move. Mario Draghi, the president of the European Central Bank, said that the “immediate spillover of the trade measures… is not going to be big.” But he … Continue reading European Central Bank: Trump tariff move “dangerous”