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| Draghi defends legacy as ECB keeps money taps on FRANKFURT (Reuters) - European Central Bank President Mario Draghi defended his ultra-easy monetary policy stance on Thursday as his eight-year tenure at the bank closes in exactly the same place he started: trying to prop up a perpetually ailing ... | |
| ECB keeps money taps open as Draghi denied grand finale FRANKFURT (Reuters) - The European Central Bank kept its ultra-easy monetary policy unchanged on Thursday, ending Mario Draghi's eight-year tenure at the bank in exactly the same place he started: trying to prop up a perpetually ailing currency bloc. | |
| Euro zone business activity stagnates as Draghi bows out LONDON (Reuters) - Euro zone business activity stagnated in October as demand withered, according to a downbeat survey published on Thursday hours before European Central Bank President Mario Draghi makes his swansong appearance. | |
| Amazon's Profit Hurt by Push to Speed Up Shipping Amazon.com Inc. AMZN 1.06% 's profit machine sputtered again after more than two years of surging growth, weighed down by the tech giant's heavy investment into reducing shipping times for retail customers. Amazon on Thursday said its third-quarter profit ... | |
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| 'Never give up!' Draghi tells Lagarde as he leaves ECB FRANKFURT (Reuters) - European Central Bank President Mario Draghi told his successor on Thursday to "never give up" on propping up the euro zone economy in the face of a worsening outlook and little help from governments. European Central Bank ... | |
| 'It's Definitely Pretty Empty': Why Saving WeWork Will Be Hard Even as WeWork was scrambling to secure a financial bailout last week, Sebastian Gunningham, one of its co-chief executives, made time to oversee the opening of Dock 72, an immaculate shiplike building on the Brooklyn waterfront that houses one of the ... | |
| New federal taxes will cost Harvard $50 million Harvard University is preparing to write a check to the federal government for an estimated $50 million in new taxes, including one for the first time levied on its massive endowment. The anticipated cost of the new taxes, approved by President Trump and the ... | |
| Global Easing Cycle Fails to Arrest Economic Slump Business activity in the eurozone was close to stagnation in October, while it declined in Japan, an indication that a wave of interest-rate cuts by leading central banks over recent months has yet to turn around a slowing global economy. Around the world ... | |
| Oil edges higher, but weak demand outlook weighs NEW YORK (Reuters) - Oil prices climbed on Thursday, with Brent rising above $61 a barrel as a surprise drop in U.S. crude inventories and the prospect of further market-supporting action by OPEC and its allies offset some concern over the outlook for ... | |
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