Latest European Central Bank News

European Council President Charles Michel speaks during a media conference after an EU summit by video conference in Brussels, Thursday, March 26, 2020. Following the informal video conference, members of the European Council adopted a statement on the EU actions in response to the COVID-19 outbreak. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (Francois Walschaerts, Pool Photo via AP)

EU leaders order up recovery plan for after coronavirus

Mar. 26, 2020 7:06 PM EDT

BRUSSELS (AP) — European Union national leaders told the bloc’s finance ministers Thursday to draw up new measures to tackle the devastating economic impact of the coronavirus pandemic after failing to bridge major differences over how best to share the debt burden. During six hours of talks by...

This photo provided by the New York Stock Exchange, Thursday, March 19, 2020, shows trader Gregory Rowe, center, as he works on the trading floor. Stocks are see-sawing between gains and losses in midday trading on Wall Street Thursday, but the moves are more subdued than the wild jabs that have dominated recent weeks. (NYSE Photo by Alyssa Ringler via AP)

Asian stocks rise after Wall Street gains on aid hope

Mar. 19, 2020 11:49 PM EDT

BEIJING (AP) — Asian stock markets were mostly higher Friday after modest Wall Street gains on hopes government and central bank action can shield the world economy from a looming global recession caused by the coronavirus pandemic. Benchmarks in Shanghai, Hong Kong, Australia and Southeast Asia advanced....

Business Fallout: Airlines lobby for funds, Domino's hiring

Mar. 19, 2020 9:44 PM EDT

It was less than 11 weeks ago that the first cases of pneumonia were detected in Wuhan, China. The speed at which what would soon be named COVID-19, the disease caused by the new coronavirus, knocked the global economy askew is unparalleled in our lifetimes. Following are developments Thursday related to the...

Rio's Christ the Redeemer statue is lit up with the flags of countries currently afflicted by the new coronavirus in Rio de Janeiro, Brazil, Wednesday, March 18, 2020. For most people COVID-19 causes mild or moderate symptoms. For others, especially the elderly and people with existing health problems, it can cause many other serious illnesses, including pneumonia. (AP Photo/Silvia Izquierdo)

10 Things to Know for Today

Mar. 19, 2020 6:21 AM EDT

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. WUHAN REPORTS NO NEW VIRUS CASES Chinese authorities say that the city that was the epicenter of the coronavirus outbreak and its surrounding province had no new cases to report, offering hope to the world....

People wearing face masks travel by metro in Brussels, Wednesday, March 18, 2020. Belgium has ordered further lockdown measures starting Wednesday, following in the steps of European neighbours Italy, Spain and France. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Francisco Seco)

Europe's central bank launches new program to calm markets

Mar. 18, 2020 8:25 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank is launching a new, expanded program to buy financial assets in a bid to calm markets as monetary authorities struggle to counter the devastation the virus outbreak is wreaking on the global economy. The ECB said it could buy up to 750 billion euros...

European Central Bank says it will buy 750 billion euros in securities this year to counter effects of virus outbreak

Mar. 18, 2020 6:55 PM EDT
FRANKFURT, Germany (AP) — European Central Bank says it will buy 750 billion euros in securities this year to counter effects of virus outbreak.
Bank of Japan Gov. Haruhiko Kuroda speaks during a news conference in Tokyo Monday, March 16, 2020. Japan's central bank took emergency action Monday to help support the economy following the U.S. Federal Reserve's decision to cut its benchmark interest rate to nearly 0%. (AP Photo/Eugene Hoshiko)

Japan central bank boosts stimulus following Fed rate cut

Mar. 16, 2020 4:51 AM EDT

BANGKOK (AP) — The Bank of Japan joined other major central banks Monday in expanding its already unprecedented levels of monetary support for financial markets and companies battered by the outbreak of the coronavirus. The BOJ announced after an emergency policy meeting that it would expand its purchases...

Fed takes emergency steps to slash rates and ease bank rules

Mar. 15, 2020 9:17 PM EDT

WASHINGTON (AP) — The Federal Reserve took massive emergency action Sunday to try to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s surprise announcement signaled its...

The display board with the curve of the DAX photographed behind a pictogram for a fire extinguisher in the trading room of the Stock Exchange in Frankfurt, Germany, Thursday, March 12, 2020. This was again triggered by concerns about the economic consequences of the coronavirus pandemic. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (Boris Roessler/dpa via AP)

Global economic coordination not happening in virus crisis

Mar. 15, 2020 12:37 PM EDT

FRANKFURT, Germany (AP) — When the global economy melted down in 2008, world leaders swiftly created an international forum to boost economies by spending more and keeping trade open. Central banks announced rate cuts within seconds of each other. But so far, nations' approach to the economic shock from...

Traders listen at the New York Stock Exchange to President Donald Trump's televised speech from the White House, Friday, March 13, 2020, in New York. (AP Photo/Mark Lennihan)

Stocks roar back on hopes for government's virus plan

Mar. 13, 2020 7:33 PM EDT

NEW YORK (AP) — Wall Street roared back from its worst day in 30 years Friday with a broad rally that sent the Dow Jones Industrial Average nearly 2,000 points higher — its biggest point gain ever — after President Donald Trump declared the coronavirus pandemic a national emergency. Fueled by...