Euro on shaky ground, stocks up on talk of aggressive ECB easing

LONDON/TORONTO The euro slipped towards seven-month lows, bond yields fell and European shares rallied on Thursday on growing talk of aggressive stimulus from the European Central Bank next week.

Recent Business News

BTG Pactual redemptions rise in day after CEO arrest, source says

SAO PAULO Clients have withdrawn funds equivalent to about 3.5 percent of assets under management at Grupo BTG Pactual SA over the past two days, a source with knowledge of the bank's strategy on Thursday.

5:47pm EST

Bank of America to halt dollar supplies to Angola: sources

LUANDA Bank of America will stop supplying U.S. dollars to Angola at the end of this month, two foreign exchange sources said on Thursday, a move that could pile pressure on the oil exporter's ailing kwanza <AOA=> currency.

11:37am EST

Merck plans to sell its allergy business unit to cut debt: Bloomberg

German drugs and chemicals maker Merck KGaA is planning to sell its allergy business, Allergopharma, Bloomberg reported, citing sources.

5:32pm EST

VW's Audi suspends two engineers in emissions probe

BERLIN Volkswagen's luxury flagship Audi has suspended two engineers after its larger diesel engines were found evading emissions limits in the United States, Audi CEO Rupert Stadler said in a newspaper interview published on Thursday.

12:05pm EST

Bad Saudi PR fuels riyal devaluation talk

DUBAI Speculation that Saudi Arabia could devalue its currency may owe more to a poor public relations effort by Saudi authorities than to the economic pressures on the kingdom.


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