U.S. stocks bounced back on Wednesday after five sessions of losses, following strong private sector jobs data and as deflation concerns in the eurozone were seen pushing the bloc's central bank into action. European shares gained more than 1 percent on bets the first negative ...
Fed looks past a world in turmoil, confident in U.S. recovery
U.S. central bankers have looked beyond a global deflation threat, fear of energy-sector bond defaults, and a surge of oil patch layoffs to reach what appears to be a firm conclusion: the U.S. recovery is here to stay. New trade data released on Wednesday and ...
The surprise move by the European Central Bank to lower its main lending rate from 0.15 to 0.05 percent and to push the overnight deposit rate further into negative territory indicates the central bank's fear that the stagnating eurozone economy will fall into ...
German banks at the top of the cosseted heap
German opposition to an EU bank-resolution mechanism is a ploy to hide anticompetitive behavior in which German taxpayers subsidize the banks.
Divergence of policies in Europe, Italian style
Even if the eurozone's structure is modified to achieve the desired level of fiscal discipline, countries will continue to diverge in other important respects.
Italian election gives Europeans a reality check
For a while, Europe's political elites had convinced themselves the worst of the euro crisis had passed. Italy's latest election quashes this optimism.
