Jeff Black News
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European Central Bank Executive Board member Yves Mersch said an asset-quality review and a stress test for European banks should be carried out by mid-2014, before the central bank takes up supervision duties.
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Reserve Bank of India Governor Duvvuri Subbarao said the slowest inflation since 2009 will be factored into monetary policy decisions next month. Benchmark bond yields dropped to a three-year low and stocks surged.
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Reserve Bank of India Governor Duvvuri Subbarao said the slowest inflation since 2009 will be factored into monetary policy decisions next month.
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European Central Bank Executive Board member Yves Mersch said interest-rate reductions become more ineffective as they approach zero.
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German industrial production unexpectedly rose for a second month in March in a further sign that Europe’s largest economy is returning to growth.
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European Central Bank President Mario Draghi comments on interest rates, inflation, and the economy.
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German plant and machinery orders fell in March as economic uncertainty depressed demand in Europe’s largest economy, the VDMA machine-makers’ association said.
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The European Central Bank cut its key interest rate to a record low as the 17-nation euro region struggles to emerge from recession.
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Mario Draghi has stoked expectations that officials will deliver an interest-rate cut today even as they doubt its impact.
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German consumer confidence will climb to the highest in more than 5 1/2 years in May as low unemployment and rising incomes boost household spending in Europe’s largest economy, GfK AG predicted.
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