Spain’s two-year note yield fell to the lowest in more than four years as speculation the European Central Bank will boost economic stimulus measures boosted demand for the euro area’s higher-yielding short-maturity debt.
The European Central Bank said France’s Daniele Nouy is its pick to lead the region’s new bank supervisor, after a year-long spat over gender diversity highlighted the lack of women in top central-bank jobs.
ECB still has enough room to maneuver, beyond interest-rate moves, Peter Praet says in interview with Sueddeutsche Zeitung. * Should interest rates be lowered to zero, ECB could still deploy quantitative measures including buying government bonds, or injecting capital into banks, Praet tells Sueddeutsche, adding “we are not at this point.” * Germany should invest more, as investment spending declined sharply in past 5 years, as opposed to private consumption *NOTE: ECB President Mario Draghi pushed for an interest rate cut on Nov. 7 over opposition from Bundesbank President Jens Weidmann and at least two other Governing Council members, according to four euro-area central bank officials.
Ekkeheart Gurlitt has little good to say about his cousin Cornelius, who hoarded hundreds of works by artists such as Pablo Picasso and Marc Chagall for the past half century. There’s one positive thing, though, that he’ll tell you about the 80-year-old recluse: He saved the art.
Talanx AG, the German insurer that sold shares in an initial public offering last year, said third- quarter profit declined 39 percent on lower investment income and higher claims from natural disasters.
Chancellor Angela Merkel urged Germany’s opposition Social Democrats to get serious about signing on as the junior partner in her third-term government, saying the time to dwell on policy differences is over.
Parliaments across the euro region should have more say in approving rescue measures related to the debt crisis, including the resolution of banks, a senior lawmaker from Chancellor Angela Merkel’s party said.