ECB still sees balanced economic outlook, but downside risk more prominent
The European Central Bank maintained on Thursday its long-standing assessment that risks to growth remain “broadly balanced”, but acknowledged that downside elements were becoming more prominent.
ECB ends asset purchases, on watch for future risks
The European Central Bank officially ended on Thursday its lavish post-crisis asset purchase scheme but promised to keep feeding stimulus into an economy struggling with an unexpected slowdown and political turmoil.
Nissan sues ousted chairman’s sister for ‘unjust enrichment’
Nissan sued ousted chairman Carlos Ghosn’s sister on Tuesday in a Rio de Janeiro court for “unjust enrichment,” according to judicial records seen by Reuters.
Ford set to end production at Blanquefort in France, jobs at risk
Ford will end production at its Blanquefort plant in France by late August next year after rejecting a rescue deal for the factory, in a move which drew the ire of France’s finance minister due to the risk of large-scale job losses.
Caterpillar CEO Jim Umpleby to take on chairman role
Caterpillar Inc said on Thursday Chief Executive Officer Jim Umpleby would take on the additional role of chairman, effective immediately.
Draghi comments at ECB press conference
The European Central Bank decided on Thursday to end its lavish asset purchase scheme but otherwise kept policy broadly unchanged, promising protracted stimulus for an economy struggling with an unexpected slowdown and political turmoil.
U.S. weekly jobless claims near 49-year low; import prices fall
The number of Americans filing applications for jobless benefits tumbled to near 49-year lows last week, which could ease concerns about a slowdown in the labor market and economy.
Text: ECB statement after policy meeting
Following is the text of the ECB’s statement issued after its policy meeting on Thursday:
Wall Street set to open higher on trade optimism
U.S. stock futures rose in choppy trade on Thursday, bouncing off their session lows, with investors increasingly taking a wait-and-see approach as the United States and China make progress on resolving their bitter trade dispute.
Exclusive: Carlsberg, United Breweries plead leniency in India beer cartel probe – sources
Denmark’s Carlsberg and India’s United Breweries have filed pleas with Indian authorities, seeking leniency in a probe into alleged collusion to fix beer prices, five sources familiar with the matter told Reuters.
