ECB's Draghi Commits to Trillion-Euro QE Plan to Fight Deflation
“This is a very important first step and a necessary step,” Morgan Stanley CEO James Gorman said.
3 Reasons New ETF Could Boost China, Germany Investment Ties
One of mainland China's largest fund managers is looking to the West with an ETF based on Germany’s DAX.
Roubini: Fear of Bond Market Rout Is Overblown
The normally gloomy Nouriel Roubini sees a good year ahead, particularly in stocks, but he warns of huge risks lurking thereafter.
Merkel Defends ECB, Bundesbank
Chancellor Angela Merkel of Germany defended both sides of the bond-buying issue, saying that politicians should stay out of ECB limits in bond purchases but championing the right of the Bundesbank head to challenge them.
Soros: Germany Should Lead Eurozone or Leave It
Billionaire financier George Soros said that Germany's insistence on austerity measures, if not checked and replaced by growth strategies, will push the region into a depression.
ECB To Buy Short-Term Bonds With No Public Cap: Sources
ECB President Mario Draghi’s plan to buy bonds will be unlimited but will also be focused on government bonds with short maturity, and also will be sterilized to avoid any charges that the central bank is printing money.
ECB Rescue Plan Still Short on Details
ECB President Mario Draghi is set to unveil his bond purchase plan on Thursday.
Bundesbank Head Said to Have Threatened Resignation Over Bonds
Jens Weidmann, president of Germany’s Bundesbank, reportedly threatened to resign over the issue of bond purchases by the ECB, according to a German tabloid.
Draghi Pushes Germany on ECB
The ECB head wants to buy bonds, and he doesn’t want to wait—and says it’s not necessary—to wait for closer political unity among European nations to do so.
ECB Pushes for Looser Basel Liquidity Rule
The ECB is advocating a looser standard on eligibility of assets that can be used to satisfy a draft liquidity rule from the Basel banking committee, over concerns that the current definition is too restrictive on credit in the midst of the financial crisis.