The European Central Bank (ECB) was expected to deliver a rate cut on Thursday, and that is exactly what the market got. The overnight refi rate was cut to 0.50% ... Read Full Story »
The European Central Bank (ECB) this morning announced that it would leave its benchmark interest rate at 0.75%. ECB President Mario Draghi also said in his monthly press conference that ... Read Full Story »
China’s central bank, the People’s Bank of China, has announced an interest rate cut of 0.25% on both its lending and deposit rates. The new rates, which take effect tomorrow, ... Read Full Story »
Europe is no Disneyland at the moment. Still, some data is showing contraction while other data shows that the overall healthier economies may be escaping the worst fears of late ... Read Full Story »
A Gallup poll taken last month showed that confidence in the economy has fallen to its lowest level since March 2009, which was near the low point of The Great ... Read Full Story »