| May 26, 2014
| 5:13 PM
While U.S. and British markets were closed for holidays Monday, stocks rose in Europe.
A benchmark of European equities climbed to a six-year high, while Italian and Spanish bonds advanced as policymakers said they would take steps to support economic...
| Apr 29, 2014
| 8:10 AM
The Senate Banking Committee confirmed the nomination of Stanley Fischer, the former president of the Bank of Israel, for the Federal Reserve's No. 2 job and also approved two other nominees to fill seats on the central bank's short-handed board....
| Jun 5, 2014
| 4:55 PM
In a bid to spur growth and avert the dangerous threat of deflation in the sluggish Eurozone economy, the European Central Bank cut its benchmark interest rate to a record low and took the unprecedented step of lowering the bank deposit rate below zero....
| Sep 3, 2014
| 2:38 PM
The world's leading central bankers recently attended a symposium in Jackson Hole, Wyo. Some European economists have finally learned their lesson as Europe sinks into another economic downturn. Mario Draghi, the European Central Bank president, urged...
| Sep 4, 2014
| 9:45 AM
The European Central Bank, in a surprise move Thursday, cut its main interest rate to rock bottom and said it would buy certain securities and bonds in a bid to stimulate growth and combat increasing risks of deflation.
In addition to lowering its key...
| Aug 26, 2014
| 12:30 PM
Shades of France's notorious Third Republic! The latest French government has been summarily dismissed after only six painful months. It was certainly time for a change. President FranÃ§ois Hollande's poll ratings have plumbed new depths at 17 percent,...
| Aug 25, 2014
| 11:01 AM
The stock market hit a new milestone Monday.
Standard & Poor's 500 index rose above 2,000 for the first time as stocks climbed after news of corporate combinations and signals from central banks that easy-money policies won’t soon end.
| May 2, 2013
| 6:12 AM
WASHINGTON -- The European Central Bank on Thursday lowered its key interest rate to a record low level in an effort to spur economic growth in the recession-plagued Eurozone.
The central bank's policymakers lowered its main refinancing rate by 0.25...
| Oct 30, 2013
| 11:11 AM
Russian President Vladimir Putin is the most powerful person in the world, outflanking President Obama, whose authority was damaged by the recent government shutdown and budget crisis, Forbes magazine reported Wednesday in its annual rankings of global...
| Sep 6, 2013
| 5:59 AM
WASHINGTON -- The economy added 169,000 net new jobs last month and the unemployment rate ticked down to a near post-Great Recession low of 7.3%, its lowest level since the end of 2008, the Labor Department said Friday.
The job growth in August was...
| Sep 5, 2013
| 5:22 PM
ST. PETERSBURG, Russia — Even as European Union leaders at the G-20 summit here crowed about a reviving Eurozone, the head of the European Central Bank said he didn't share their optimism.
In somber remarks, ECB President Mario Draghi said he...