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Mario Draghi

A collection of news and information related to Mario Draghi published by this site and its partners.

Top Mario Draghi Articles

Displaying items 34-44
  • Deflation-wary European Central Bank cuts deposit rate to below zero

    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....
  • European stock index reaches 6-year high; Italian, Spanish bonds rise

    European stock index reaches 6-year high; Italian, Spanish bonds rise
    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...
  • Economy adds 169,000 jobs in August; unemployment rate eases to 7.3%

    Economy adds 169,000 jobs in August; unemployment rate eases to 7.3%
    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...
  • ECB President Mario Draghi 'very cautious' on Eurozone revival

    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...
  • What will the St. Petersburg G-20 summit be remembered for?

    What will the St. Petersburg G-20 summit be remembered for?
    ST. PETERSBURG, Russia -- There's been a lot of passionate talk and chatter here among G-20 leaders, but it seems to have been mostly about the conflict in Syria and whether they were willing to back President Obama's call for a military strike on the...
  • Weak jobs report could keep Fed from slowing stimulus this month

    Weak jobs report could keep Fed from slowing stimulus this month
    WASHINGTON -- The top-line number in the August jobs report was roughly in line with expectations, but economists digging into the details Friday saw bad signs that could give Federal Reserve policymakers concerns about reducing their stimulus efforts...
  • European Central Bank cuts key interest rate to fight recession

    European Central Bank cuts key interest rate to fight recession
    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...
  • Russia's Putin beats Obama for top spot in Forbes' most powerful

    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...
  • European Central Bank chief swears to 'preserve the euro,' Dow soars

    European Central Bank chief swears to 'preserve the euro,' Dow soars
    Mario Draghi, president of the European Central Bank, pledged Thursday that the institution “is ready to do whatever it takes to preserve the euro,” sending financial markets soaring around the world. The Dow jumped more than 250 points in...
  • Double dip: Eurozone falls back into recession

    Double dip: Eurozone falls back into recession
    The Eurozone is back in a recession, its first in three years, as gross domestic product for the debt-plagued 17-nation bloc contracted 0.1% in the third quarter from the earlier quarter. In the second quarter, the currency collective tightened 0.2%,...
  • EU summit produces surprise moves to bolster struggling euro

     
    European Union leaders surprised and impressed markets worldwide Friday by taking unexpectedly decisive action to boost confidence in the struggling euro common currency at a summit where little had been expected except impasse and discord....