Highlights: Draghi comments at ECB press conference
Thu, 08 Dec 2016 08:59:55 -0500
The European Central Bank kept interest rates steady at a policy meeting on Thursday but unexpectedly cut its asset purchases to 60 billion euros ($65 billion) per month, from the current 80 billion euros. Following are highlights of ECB President Mario Draghi's comments at a press conference after the meeting. "Structural reforms are necessary in all euro area countries.

EU states to return migrants to Greece from March
Thu, 08 Dec 2016 08:59:25 -0500
The EU recommended Thursday that member states resume sending asylum seekers back to Greece from March next year, after transfers were halted for five years because of poor conditions there. Brussels said it was a key step towards restoring the European Union's migration policies and the passport-free Schengen zone, which nearly collapsed under the pressure of the 2015 migrant crisis. "We are recommending the gradual resumption of Dublin transfers of asylum seekers starting next year" from March 15, EU Migration Commissioner Dimitris Avramopoulos told a press conference.


US jobless claims fall at the start of December
Thu, 08 Dec 2016 08:58:32 -0500
New claims for unemployment insurance fell at the start of December following two consecutive weeks of increases, the US Labor Department reported Thursday. The figures can be volatile, but the decline pointed to continued health in the labor market following the surprise drop in the November unemployment rate to 4.6 percent, its lowest level in nine years. In the week ending December 3, new claims for unemployment benefits fell by 10,000 to 258,000, slightly higher than an analyst consensus forecast which called for 255,000 claims.


Claims for US unemployment aid slide again
Thu, 08 Dec 2016 08:57:55 -0500
Fewer Americans signed up for unemployment benefits last week, another sign the U.S. job market remains healthy. THE NUMBERS: The Labor Department said Thursday that weekly claims for jobless aid slid ...


European Central Bank adds half a trillion euros in stimulus
Thu, 08 Dec 2016 08:57:32 -0500
The European Central Bank is adding half a trillion euros ($579 billion) in stimulus to the eurozone economy as it hopes to support growth as Europe heads into what could be a tumultuous election year. ...


China's Fujian drops Aixtron bid after Obama blocks deal
Thu, 08 Dec 2016 08:56:29 -0500
China's Fujian Grand Chip Investment Fund has dropped its takeover bid for chip equipment maker Aixtron after the United States blocked the deal on security grounds, throwing the German company's future into doubt. The collapse of the Aixtron deal comes amid growing objections in Germany and the United States to China buying up firms with strategic technologies abroad without allowing reciprocal transactions at home. Fujian's takeover vehicle Grand Chip Investment said on Thursday its offer had lapsed as it had failed to obtain the necessary U.S. regulatory approvals.


ECB makes little change to growth and inflation forecasts
Thu, 08 Dec 2016 08:53:50 -0500
FRANKFURT (Reuters) - The European Central Bank left its economic growth and inflation forecasts largely unchanged on Thursday, predicting that price growth would raise slowly but again miss its target of close to 2 percent in 2019.

Iraq's parliament speaker says airstrike killed civilians
Thu, 08 Dec 2016 08:53:41 -0500
BAGHDAD (AP) — Iraq's parliament speaker says an airstrike targeting the Islamic State-held town of Qaim near the Syrian border killed and wounded "dozens" of civilians, and that he is holding the Iraqi government responsible.


ECB unexpectedly cuts asset buys, extends until end 2017
Thu, 08 Dec 2016 08:51:18 -0500
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) - The European Central Bank unexpectedly reduced its asset buys on Thursday but reserved the right to increase purchases once again, a decision that may be seen as a concession to conservative euro zone members such as Germany. The ECB will reduce its asset buys to 60 billion euros from next April from the current 80 billion euros, maintaining the buys until the end of the year. Markets had expected the purchases to stay at 80 billion but only for 6 more months, suggesting a compromise solution in the Governing Council.


Teen fit to stand trial in UK slaying of retired US teacher
Thu, 08 Dec 2016 08:49:50 -0500
LONDON (AP) — The lawyer for a teenager accused in the London slaying of a retired Florida teacher says the defendant is fit to stand trial next year.



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