The ECB announced that its bond-buying program will cease at the end of this year, something that had been expected by most in financial markets.
The European Central Bank (ECB) has confirmed it will end a huge programme to stimulate the eurozone economy in December.
Sections of the UK car industry face extinction unless the UK stays in the EU customs union, the president of the CBI has said.
The Australian economy has gone without a recession for 26 straight years and is still going strong, but the same can’t be said about the performance of its currency. Official data on Wednesday pointed to Australia starting 2018 on a strong note: Its gross domestic product expanded by 3.1 percent year-over-year in the first quarter, handily beating forecasts and avoiding a recession yet again. The Australian dollar rose 0.67 percent against the greenback after the GDP data release to 0.7666 per U.S. dollar – its strongest in more than a month. However, the currency is still down by 1.76 percent since the start of the year and 5.46 percent off its highest level in 2018 that […]
Central bankers gathered in Berlin Wednesday confirmed the European Central Bank (ECB) is set to finally discuss the end of its massive bond-buying program – something that its President Mario Draghi has so far refused to do.