EUROPEAN CENTRAL BANK

BoC sees U.S., EU troubles sapping its strength

Bank of Canada backs away from rate hike option

In a dramatic policy shift, the Bank of Canada said on Wednesday it saw less need to raise interest rates, becoming the latest major central bank to take a more cautious stance about the worsening global economy.
Traders work on the floor of the New York Stock Exchange

Stock Futures Signal Losses on Wall Street

Wall Street stock futures pointed to a lower open for equities on Tuesday on renewed fears the euro zone's sovereign debt crisis is worsening, with shares seen tracking a slump in European stocks on Monday when the U.S. market was closed.
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File photograph of President of the European Central Bank Jean-Claude Trichet at the ECB headquarters in Frankfurt

ECB's Trichet Presses Italy on Budget Targets

ECB President Jean-Claude Trichet stepped up warnings over Italy's strained public finances on Saturday, telling the struggling center-right government it must act quickly to reassure nervous markets.
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Analysis: Gold Sales Won't Solve Europe's Problems

Europe's most indebted nations are under heavy pressure from their richer neighbors to sort out their finances, but they are unlikely to mimic the impoverished gentlefolk of old by selling off the family silver -- or in their case, gold -- to do so.
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European Stocks and Euro Dip

Financial markets kicked off September in a cautious mood Thursday with European stocks lower and world equities struggling to keep up what would be a five-day winning streak.
Traders work on the floor of the New York Stock Exchange

Futures Off After Rally

Stock index futures fell on Tuesday after equities rose nearly 8 percent in the past five sessions as investors cautiously awaited a batch of data for a better assessment on the state of the economy.
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Physical Demand, Investor Uncertainty Lift Gold

Gold edged higher on Tuesday, following its worst weekly performance in two months last week, supported by improving physical demand and some investor uncertainty ahead of minutes from the U.S. Federal Reserve's recent policy meeting.
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Global Stocks at 2-Week High on Upbeat U.S. Signals

Global stocks rose to their highest levels in nearly two weeks Tuesday, while safe haven assets like the Swiss franc and German Bunds were subdued, encouraged by signs that the U.S. economy may avoid recession.
International Monetary Fund (IMF) Managing Director Christine Lagarde

'Act now' to Save Global Recovery, IMF Chief Urges

The new head of the IMF on Saturday called on global policymakers to pursue urgent action, including forcing European banks to bulk up their capital, to prevent a descent into a renewed world recession.
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Act now to save global recovery, IMF chief urges

The new head of the IMF on Saturday called on global policymakers to pursue urgent action, including forcing European banks to bulk up their capital, to prevent a descent into a renewed world recession.
100 dollar bank notes and 10,000 yen notes.

Dollar Slump Could Worsen With Bernanke QE3

Investors are agonizing over the prospect of another round of quantitative easing that could come from the Fed chairman Ben Bernanke’s Jackson Hole summit later this week.

Asian Stocks Rebound; Gold Hits $1,878

Asian stocks turned positive on Monday, recovering a small portion of last week's steep losses, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's debt crisis.
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Gold Shoots to Record High on Global Fears

Gold charged to a record high early Friday in electronic trading as a host of bad economic news from around the world drove investors away from stocks for the safety of the yellow metal.
World Bank Chief Robert Zoellick pauses while speaking at the Asia Society's annual dinner in Sydney

World Bank Chief: Nations Must Tackle Global Debt Mess

The World Bank chief Tuesday called for national governments to seek long-term debt curbs to solve the current sovereign debt crises in Europe and the United States, but said it was too early for special action by the Group of 20 nations.
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ECB's Mersch: euro zone states can't quit bloc

No euro zone member states will be allowed to quit the currency bloc, European Central Bank Governing Council member Yves Mersch said in an interview published on Monday in the China Business News.

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