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Dec 9, 2016

Financial institutions unsure how to realize digital transformation

More than half of the business leaders in the global financial services industry agree that digital transformation determines the development of their business, realizes efficient business processes and brings more profits, but they have yet to find effective ways of doing so, according to ...

Dec 9, 2016

ECB's asset tapering move hints at stimulus exit plan

The European Central Bank decided Thursday to extend its asset purchase program by nine months to the end of 2017 to boost tepid price growth, but pledged to reduce the monthly pace of buying from April. The ECB said it will continue asset purchases ...

| Dec 8, 2016

Nikkei hits new closing high for 2016

The benchmark Nikkei average hit a new closing high for 2016 on the Tokyo Stock Exchange Thursday, driven by the overnight advance of U.S. equities. The 225-issue Nikkei average jumped 268.78 points, or 1.45 percent, to close at the day’s high of 18,765.47, its ...