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By AFP
Frankfurt -
European Central Bank chief Mario Draghi hinted Thursday that eurozone interest rates, already at new all-time lows, would fall even lower in the future if area-wide inflation does not pick up soon.
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By AFP
Washington -
Federal Reserve Chair Janet Yellen said Wednesday the Fed's first rate increase since 2006 marks the "end of an extraordinary seven-year period" of easy-money policy begun in the Great Recession.
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By AFP
Washington -
The Federal Reserve announced Wednesday its first interest rate increase in more than nine years in a landmark move signaling the US has finally moved beyond the 2008 crisis.
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By AFP
Washington -
Global markets surged and the US dollar edged higher early Wednesday ahead of what is expected to be the Federal Reserve's first interest rate increase since 2006.
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By AFP
Bejing -
China's central bank on Tuesday cut its benchmark interest rates and the amount of cash banks must keep on hand, the latest stimulus aimed at boosting the world's second-largest economy as it battles a collapse in share prices.
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Three weeks after its launch, Windows 10 is now in use by 50 million people worldwide. Although the figure sounds impressive, it's still far off the company's target of one billion Windows 10 devices in two years — something I'm not sure is possible.
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Since Apple updated the Apple Watch's software to 1.0.1, users have complained of erratic heart rate monitoring with infrequent measurements. Now, Apple has acknowledged the complaints - and responded by saying that this "feature" is normal behaviour.
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New observations of supernovae have suggested that the universe may be expanding much slowly than has been thought up until now. This is a large change that could influence future theories about the end of the universe.
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By AFP
Frankfurt -
The European Central Bank began 2015 with a bang Thursday, launching a massive trillion-euro bond purchase programme to ward off deflation and end stagnation in the eurozone economy.
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By AFP
Geneva -
"It's like Christmas all over again!" enthused Vanessa, as she joined a swelling queue outside a currency exchange office in downtown Geneva Thursday.
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By AFP
Naples -
The European Central Bank held its record-low interest rates unchanged at its regular monthly policy meeting on Thursday, amid fierce street clashes between anti-austerity demonstrators and police outside the Italian venue.
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By AFP
Frankfurt -
The European Central Bank rolled out Thursday an unprecedented package of measures, including negative interest rates, in its fight to head off the spectre of deflation in the euro area.
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By AFP
Brussels -
The European Central Bank will keep its gunpowder dry at its monthly meeting Thursday, but could pave the way to act soon if deflationary dangers persist, analysts said.
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By AFP
Athens -
Greece's short-term borrowing costs tumbled on Tuesday, days after the crisis-hit country returned to medium-term international bond markets for the first time for four years. Athens paid 2.75 percent interest on 1.625 billion euros ($2.
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By AFP
Kiev -
Ukraine's currency steadied on Tuesday from heavy falls after the crisis-hit country's central bank unexpectedly raised its key interest rate by nearly 50 percent to boost consumer confidence and stop spiralling inflation.
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By AFP
Washington -
European Central Bank chief Mario Draghi said Saturday that the bank may need to take action to stem the rising euro."The strengthening of the exchange rate would require monetary stimulus" as long as interest rates are already extremely low, he said.
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By AFP
Washington -
Federal Reserve policy makers expect to continue the steady cutback to its stimulus program, the minutes to their March 18-19 meeting showed Wednesday.
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By AFP
London -
The Bank of England is forecast Thursday to freeze interest rates at a record-low 0.50 percent, amid caution over the strength of Britain's economic recovery, analysts said.
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By AFP
Washington -
Austerity budgets and public spending cuts are less critical to economic health as interest rates in the major advanced economies remain historically low, the International Monetary Fund said Thursday.
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By AFP
Frankfurt -
The European Central Bank held its key interest rates steady as widely expected on Thursday. The ECB left its central "refi" or refinancing rate unchanged at 0.25 percent at its monthly policy meeting, it said in a statement.
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By AFP
Braz -
Brazil raised its key interest rate by 25 basis points to 11 percent, as Latin America's largest economy scrambled to contain inflation.
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By AFP
Mumbai -
India's central bank kept key interest rates steady on Tuesday in a widely anticipated move less than a week before the start of national elections.
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By AFP
Budapest -
Hungary's central bank cut its main interest rate to a record low 2.60 percent on Tuesday, in an effort to boost the economy before elections on April 6.
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By AFP
Washington -
Did Janet Yellen bungle her first press conference?
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By AFP
Z -
Switzerland's central bank on Thursday kept its key interest rate unchanged and restated its longstanding pledge to prevent the Swiss franc from gaining too much value.The Swiss National Bank (SNB) held its target range for the franc's three-month Lond...
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By AFP
Washington -
New Federal Reserve chief Janet Yellen kept the central bank firmly on the path set by predecessor Ben Bernanke Wednesday, shrugging off recent economic weakness as largely weather-caused.But she also took a crucial step to reshape how the Fed has sign...
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By AFP
Washington -
The Federal Reserve cut back its US economic growth forecasts for this year and next on Wednesday, but said the unemployment rate would fall faster than it forecast in December.The Fed said the economy was expected to grow 2.8-3.0 percent in 2014 and 3...
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By AFP
Washington -
Federal Reserve chief Janet Yellen is poised Wednesday to place her stamp on US monetary policy, challenged to balance a recently sluggish economy against the drawdown of the Fed's stimulus.Yellen, who took the reins of the US central bank on February ...
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By AFP
Washington -
Janet Yellen opens her first monetary policy meeting as Federal Reserve chair Tuesday amid pressure to clear up questions about the Fed's plans for hiking its base interest rate.The Federal Open Market Committee is not expected to move off its current ...
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By AFP
New York -
The U.S. Federal Deposit Insurance Corporation sued HSBC, Citigroup, Deutsche Bank and 12 other global banking heavyweights for manipulating the Libor benchmark interest rate.The manipulation caused "substantial losses" to 38 US banks that were shut down.
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