Wednesday, July 30, 2014   

ECB set to maintain policy
(07-03 18:43)

The European Central Bank is expected to keep interest rates unchanged when it concludes its monthly policy meeting Thursday despite further signs that the 18-country eurozone economy is losing momentum.
More interest will be on the ensuing press conference from Mario Draghi in light of last month's raft of measures from the ECB to shore up the recovery and prevent prices from falling, AP reports.
Among the policies announced was a reduction in the ECB's main interest rate to 0.15 percent.
Figures released Thursday suggest the eurozone has started the summer on a fairly flat footing.
Retail sales across the region, according to Eurostat, were flat in May while the June purchasing managers' index -- a gauge of business activity -- from financial information company Markit edged back to a 6-month low.   
Other Business breaking news:
Hang Seng up at lunch (16 mins ago)
SKorea industrial output grows (1 hr 3 mins ago)
Japan factory output drops most since tsunami disaster (1 hr 18 mins ago)
Toyota stays at top in sales after first half (1 hr 21 mins ago)
Twitter results soar in second quarter (1 hr 23 mins ago)
Nikkei up at mid-day (1 hr 25 mins ago)
Nikkei opens flat (2 hrs 35 mins ago)
Hong Kong stocks up at open (2 hrs 36 mins ago)
IMF approves new credit line for Morocco (07-29 18:48)
Luxembourg puts key BES bank shareholders in administration (07-29 18:47)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.