Google agrees to $550 million fine in France to settle fiscal fraud probe
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.
Trump is prepared to keep, raise tariffs on Chinese goods, Mnuchin says
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.
Euro zone bond yields and euro slide after ECB unleashes stimulus
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.
Highlights: Draghi comments at ECB press conference
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.
ECB action, hit by Trump as ‘hurting U.S. exports,’ ups pressure on Fed
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. ex…
Statement from the ECB following policy meeting
Following is the statement from the European Central Bank following its policy meeting.
ECB promises stimulus buys ‘as long as necessary’
The European Central Bank promised an indefinite supply of fresh asset purchases and cut interest rates deeper into negative territory on Thursday, an effort to prop up the ailing euro zone economy that was cheered by financial markets.
ECB may buy private bonds yielding less than deposit rate
The European Central Bank will be able to buy private sector bonds yielding less than its currently -0.5% deposit facility rate under its new, 20 billion euros per month bond purchase scheme, it said on Thursday.
ECB Draghi: Euro area economy in period of ‘protracted weakness’
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.
Wall Street opens higher on tariff delays, ECB stimulus
U.S. stocks opened on Thursday after the United States delayed scheduled tariff hikes on billions worth of Chinese imports, and the European Central Bank cut interest rates in an effort to boost euro zone economic growth.
