Record Loss for Embattled ThyssenKrupp
FRANKFURT — The German steelmaker ThyssenKrupp, battered by slow economic growth and a series of corruption scandals, reported the biggest loss in its history and confirmed that three top executives...
View ArticleBankers to Find Atmosphere a Bit More Congenial in Davos
FRANKFURT — Two years ago, Jamie Dimon, chief executive of JPMorgan Chase, told an audience in Davos that people should stop picking on bankers. Mr. Dimon is still waiting for his wish to come true....
View ArticleIn Davos, Atmosphere for Bankers Improves
FRANKFURT — Two years ago, Jamie Dimon, chief executive of JPMorgan Chase, told an audience in Davos that people should stop picking on bankers. Mr. Dimon is still waiting for his wish to come true....
View ArticleE.U. Officials’ Salaries Draw Fire
BRUSSELS — Days ahead of a summit meeting where leaders of the European Union’s 27 member states are to wrestle again with a proposed seven-year budget for the bloc, an E.U. spokesman was forced to...
View ArticleBailout Grows Riskier as Cypriot Economy Stumbles
With time running out until Cyprus’s devastated banks must reopen their doors to the public, Cypriot and European officials are scrambling to put in place a set of measures that would allow jittery...
View ArticleE.C.B. Cuts Key Interest Rate to 0.5%, a New Low
The central bank, meeting in Bratislava, cut its benchmark interest rate to 0.5 percent from 0.75 percent, which was already a record low. It was the first change in interest rates since July 2012 and...
View ArticleEuropean Central Bank Debates Options, but Stands Pat
The lack of any action illustrated the gulf between those at the central bank who expect a recovery, even if weak, by the euro zone economy — which has been shrinking for a year and a half — and...
View ArticleMarkets Rise on Thought That Fed Will Continue Stimulus
Investors are in a game of wait-and-see with the Federal Reserve. On Monday, they sent stocks higher as they guessed that the Fed would continue trying to prop up the economy. The major stock indexes...
View ArticleChinese Search for Infant Formula Goes Global
And baby milk powder, of course. Loads of it. Rushing shelves at a supermarket in Germany, Chinese shoppers stuffed a half-dozen large cans into bags, one of the tourists said. “One woman told me, ‘If...
View ArticleCentral Bank Signals Slight Optimism for Europe, but Interest Rates Stay Low
“We are seeing possibly the first signs this significant improvement in confidence and interest rates is finding its way to the economy,” Mr. Draghi said at a news conference after the bank’s decision...
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