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ECB to play up eurozone strength at steady-as-she-goes meeting

Berlin - The European Central Bank will highlight economic strength in the eurozone in new forecasts Thursday, analysts expect, while avoiding spooking markets with talk of further cuts to its massive support for the economy.

Canada central bank keeps key lending rate at 1 pct

Ottawa - Canada's central bank on Wednesday maintained its key lending rate at one percent, saying it expects an uptick in the economy to moderate as the year comes to an end.

Jerome Powell, Trump's multi-millionaire pick for Fed chief

Washington - Jerome "Jay" Powell, the Republican former investment banker tapped by President Donald Trump to replace Janet Yellen at the helm of the US Federal Reserve, could be the richest person to ever fill the role.

Bank of England seen hiking rate for first time in decade

London - The Bank of England, battling Brexit-fuelled inflation rises, is set Thursday to lift its key interest rate for the first time since 2007, according to analysts.

Bank of England set to hike rate on Brexit effects

London - The Bank of England, on guard against soaring Brexit-fuelled inflation, is on the precipice of lifting its key interest rate Thursday for the first time since 2007, according to analysts.

Fed's Yellen: US economy needs only 'gradual' rate hikes

Washington - Federal Reserve Chair Janet Yellen said Wednesday that even as the US economy grows stronger and employment expands, she foresees only "gradual" interest rate increases in the next few years.

Fed's Yellen: US economy needs only 'gradual' rate hikes

Washington - Federal Reserve Chair Janet Yellen on Wednesday said even as the US economy grows stronger and employment expands, she foresees only "gradual" interest rate increases in the few years ahead.

US Fed to raise rates despite sluggish economic data

Washington - For the second time this year, the US central bank appears poised to raise interest rates despite fresh signs the world's largest economy is not in peak condition.

Iceland booming but no crash in sight, central banker says

Reykjav - Iceland's economy is booming and may overheat but there will be no repeat of the crash that plunged the country into a major financial crisis in 2008, central bank governor Mar Gudmundsson told AFP in an interview.

Brazil likely to speed up rate cuts to fight crisis

Bras - Analysts expect Brazil's central bank to speed up the pace of interest rate cuts on Wednesday as Latin America's biggest economy struggles to escape its worst recession in a century.

Brazil central bank cuts interest rate again

Bras - Brazil's central bank cut its key interest rate Wednesday for the second month running, as data showed that the recession hitting Latin America's largest economy continued into the third quarter.

ECB chief Draghi hints interest rates could be cut still further

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.

Yellen: Rate hike marks 'end of an extraordinary 7-year period'

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.

Fed raises interest rate for first time in nearly a decade

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.

Markets gird ahead of Fed's expected rate increase

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.

China cuts interest rates by 0.25 percentage points

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.

Op-Ed: 50 million people use Windows 10: Why that doesn't mean anything

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.

Apple claims that Watch's erratic heart rate monitor is a feature

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.

We may have overestimated the expansion rate of the universe

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.

ECB rings in new year with QE fireworks

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.

'Like Christmas': Rush to cash in on soaring Swiss franc

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.

ECB holds key rates steady amid anti-austerity demos

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.

ECB fires off volley of anti-deflation shots

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.

ECB to hold fire on rates but could move soon

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.

Greece's short-term debt rates drop after bond issue

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.

Ukraine currency recovers after 46% interest rate hike

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.

ECB's Draghi: the strong euro could require policy action

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.

Steady stimulus taper 'likely': Fed minutes

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.

Bank of England set to hold record-low interest rates

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.

Tight budget less crucial with interest rates low: IMF

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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