Business News Headlines

Falling inflation a worry for Europe but also the world

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LONDON - European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13 trillion euro zone economy.

4:30am EST

Exclusive: China ready to cut rates again on fears of deflation - sources

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BEIJING - China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making.

5:25am EST

Countdown to missed opportunity for EU economy

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PARIS - The countdown has begun to what threatens to be a missed opportunity to revive Europe's stalled economy.

6:00am EST

Fri, Nov 21 2014

Giving thanks for big stock gains

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NEW YORK - U.S. stock investors head into the Thanksgiving holiday thankful for the market's recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows.

21 Nov 2014

Putin stands by hawkish Russian central bank - for now

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MOSCOW - With Russia's economy battered by economic sanctions and plunging oil prices, President Vladimir Putin has allowed the central bank to administer strong medicine, sharply raising interest rates even as it freed the rouble to float.

2:05am EST

Sweden's Wallenberg dynasty prepares for sixth generation

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STOCKHOLM - Jacob Wallenberg, the 58-year-old head of one of Europe's most enduring family dynasties, is trying to work out how the empire controlling much of Sweden's economy could look with a woman or someone without the family name at the helm.

3:22am EST

Sat, Nov 22 2014

China's rate-cut likely to hurt banks, curb new loans to small borrowers

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SHANGHAI - China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth.

22 Nov 2014

Europe not at risk of full-blown deflation: ECB's Constancio

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FLORENCE Italy - Europe is not at risk of sliding into "full deflation" but the current rate of inflation is dangerously low, European Central Bank Vice President Vitor Constancio said on Saturday.

22 Nov 2014

Fri, Nov 21 2014

EU investment plan to take shape next week

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BRUSSELS - Jean-Claude Juncker will unveil a much anticipated 300-billion-euro ($370 billion) investment plan on Wednesday that is meant to trigger economic growth in the European Union.

21 Nov 2014

European Parliament may propose Google break-up in draft resolution

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By Alexei Oreskovic, Julia Fioretti and Alastair Macdonald

Tech, Media, Spain 21 Nov 2014
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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.