Business & Finance News
Wall Street’s main indexes hit a session high on Thursday after a report that said President Donald Trump’s advisers were considering offering an interim deal to China that would delay or potentially roll back some U.S. tariffs on Chinese goods.
Google agreed to pay a 500 million euro ($548 million) fine in France to settle a fiscal fraud probe that began four years ago, the financial prosecutor’s office said on Thursday.
The European Central Bank’s move to cut interest rates and restart a larger stimulus program drew fast reaction from the White House on Thursday, with President Donald Trump saying the ECB was undercutting the value of its currency and “hurting U.S. exports.”
Bond yields tumbled across the euro zone on Thursday and the single currency fell toward recent 28-month lows after the European Central Bank cut interest rates and resumed asset buying, while bank shares ceded early knee-jerk gains.
European Central Bank President Mario Draghi said on Thursday that the euro zone economy was in a period of “protracted” economic weakness, with inflation staying low and the balance of risks tilted toward the downside.
The European Central Bank promised an indefinite supply of fresh asset purchases and cut interest rates deeper into negative territory on Thursday in an effort to prop up the ailing euro zone economy that was cheered by financial markets.
The European Central Bank approved a fresh stimulus package as expected on Thursday, cutting interest rates and approving a new round of bond purchases to prop up euro zone growth and halt a worrisome drop in inflation expectations.
Following is the statement from the European Central Bank following its policy meeting.
The European Central Bank’s move to cut interest rates and restart a larger stimulus program drew fast reaction from the White House on Thursday with President Donald Trump saying the ECB was undercutting the value of its currency and “hurting U.S. exports.”
U.S. President Donald Trump is prepared to keep or even raise tariffs on Chinese imports amid ongoing trade talks, Treasury Secretary Steven Mnuchin said on Thursday after both sides granted concessions ahead of the next round of negotiations.
The European Central Bank approved fresh stimulus measures on Thursday to prop up the ailing euro zone economy, cutting rates deeper into negative territory and relaunching an extended bond purchase scheme.
Walmart Inc said on Thursday it would expand the roll out of its “unlimited” grocery delivery service to 1,400 stores across the United States, as competition intensifies among retailers to deliver online orders faster.
The London Stock Exchange’s board will meet in coming days to make a decision on the Hong Kong bourse’s surprise $39 billion takeover proposal, a source close to the British company said on Thursday, as the market poured cold water on the deal.
U.S. stock index futures rose on Thursday after President Donald Trump said the United States would delay scheduled tariff hikes on billions worth of Chinese imports, cooling tensions that have battered financial markets over the last year.
Germany foresees much lower borrowing costs because of record-low yields, and that could create a windfall of roughly 5 billion euros this year, maybe more, three people familiar with Berlin’s budget planning told Reuters on Thursday.
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