ECB stops its printing presses even as growth concerns riseThe 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 politi…Read More
Oil falls below $60 a barrel as inventories stay highThe oil price fell below $60 a barrel on Thursday, under pressure from high global inventories and a smaller-than-expected drawdown in U.S. crude stockpiles.
from Reuters: Business News https://ift.tt/2GfkHqe
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ECB formally ends QE, keeps reinvestments open-endedThe European Central Bank decided on Thursday to formally end its 2.6 trillion euro ($2.95 trillion) bond purchase scheme but said it would keep reinvesting cash from maturing bonds for a long time after its first interest ra…Read More
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