UK PM MAY VOWS TO ‘SEE BREXIT THROUGH’
By Laurie Laird LONDON (MaceNews) – British Prime Minister Theresa May has pledged to lead the UK out of the European Union, but her forceful claim to the premiership failed to dispel concerns that she could face a leadership challenge over the coming days. Addressing a hastily-called press conference Thursday, May reaffirmed her commitment to “see […]
ECB CONFIRMS END OF QE DESPITE EZ SLOWDOWN SIGNS
By Laurie Laird FRANKFURT (MaceNews) – The European Central Bank Thursday confirmed plans to reduce its quantitative easing programme by year end, even as its leadership acknowledged a recent slowdown in the euro zone economy. The ECB reduced its purchase of assets to €15 billion at the end of September, and will cease the programme at […]
ECB CONFIRMS WINDING DOWN QE YEAR-END
By Laurie Laird LONDON (MaceNews) – The European Central Bank Thursday confirmed plans to wind down its quantitative easing programme by year end, despite signs of a slowdown in euro zone industrial activity toward the end of the summer. The 0.8% slump in industrial production recorded in July represented a “sign of convergence of the […]
ECB’S DRAGHI KEEPS ‘AS LONG AS NECESSARY’; TRADE CLOUDS FORECASTS
By Laurie Laird LONDON (MaceNews) – Eurozone inflation is on track to accelerate by year end, despite a recent downturn in a range of leading indicators, but trade tensions add a new degree of uncertainty to forecasting, according to the president of the European Central Bank Thursday. Mario Draghi delivered a rather upbeat economic outlook, […]