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Nightly Business Report has reaction to the European Central Bank’s new historic bond-buying program from our across Europe.
The European Central Bank announced a massive stimulus program to get the struggling eurozone economy growing again.
European Central Bank (ECB) President Mario Draghi announced the launch of an open-ended, expanded monthly 60 billion euro ($70 billion) private and public bond-buying program on Thursday. The long-anticipated introduction of euro zone government bond purchases will bring the ECB’s buying program into line with the U.S. Federal Reserve’s quantitative easing (QE). The program will …
The 45th annual World Economic Forum kicked off today as business and political leaders prepare for urgent and immediate changes that are about to shake up the global economy.
Stock and currency markets are still grappling with Thursday’s surprise move by the Swiss National Bank to unhinge its currency from the euro.
Voices from two of Switzerland’s most famous and lucrative industries – banking and watchmaking — have expressed their dismay at the Swiss National Bank’s (SNB) shock decision to scrap its anchor to the euro. Chief Investment Officer at UBS Wealth Management, Mark Haefele, said the central bank’s decision to ditch its minimum exchange rate of 1.20 …
The Swiss National Bank‘s move to break the franc away from its set value against the euro stunned financial markets and has substantial real-world effects. What the bank essentially did was rescind a 3-year-old agreement it had to keep its money valued at 1.20 per euro, which had been done to promote exchange rate stability …
The Swiss National Bank (SNB) stunned markets on Thursday, when it scrapped its three-year-old peg of 1.20 Swiss francs per euro. In a chaotic few minutes after the central bank’s announcement, the Swiss franc soared by around 30 percent in value against the euro. The franc broke past parity against the euro to trade at …
Europe is the sick man of the global economy. So why are millionaires investing their money there? According to a new survey from Spectrem Group, Europe is the preferred overseas investment for millionaires. When asked which countries or regions they plan to invest in this year, Europe topped the list at 19 percent. It was …
The European Union reported that consumer prices fell 0.2 percent, raising worries about the threat of a Japanese-style deflation.
A bitter war of words has erupted between a workers’ union and the owners of a U.K. delivery company that notified its workers of impending redundancies in an email on Christmas Day. More than 2,000 staff at City Link will be let go on New Year’s Eve, as the company goes into administration due to …
Russian President Vladimir Putin blamed “external factors” for the country’s ongoing economic problems on Thursday, but failed to reassure investors hoping for quick answers, sparking another bumpy day for the ruble. Putin sought to reassure the country that it would overcome its present difficulties and return to economic growth by 2017 by the latest, as …
The extraordinary volatility in the ruble this week suggested that many traders and investors were caught off guard by events in Russia. Yet there were plenty of red flags for Russia-watchers, some of which are outlined here. West wages economic warfare After more than a decade of problematic interventions in the Middle East, Western countries’ …
Greece’s stock market plunged 13 percent on Tuesday and bond yields spiked after the country’s government surprised investors by announcing a snap presidential vote. The election was originally scheduled for the new year, but will now take place next week. The news, announced late Monday, caused the Athens Stock Exchange to fall 13 percent by …
There were some sharp reactions and confusion when Mario Draghi didn’t say what investors wanted to hear. Steve Liesman breaks down the European Central Bank’s actions.
