BRATISLAVA (Reuters) - The European Central Bank cut interest rates for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling ...

European Central Bank president Mario Draghi says the bank is working with other European institutions to find a way to get more credit to small and medium size companies — and spur a lagging economy. ...

ECB meets under pressure to cut rates

By Angela Moon NEW YORK (Reuters) - Wall Street was set to open slightly higher Thursday as an interest rate cut from the European Central Bank and better-than-expected weekly jobless claims data in the ...

U.S. stock index futures climbed Thursday as Wall Street cheered a better-than-expected jobless claims report and after the European Central Bank cut its key interest rate.

The euro slips ahead of a widely-expected decision by the European Central Bank to cut its key interest rate on the back of weak economic data.

* ECB cuts rates to support flagging euro zone economy * U.S. jobless claims fall sharply to five-year low * Futures up: S&P 6.4 pts, Dow 76 pts, Nasdaq 12.50 pts By Angela Moon NEW YORK, May 2 (Reuters) ...

The number of Americans seeking unemployment aid fell last week to seasonally adjusted 324,000, the lowest since January 2008. The drop points to fewer layoffs, but companies still need to ramp up hiring ...

The number of Americans seeking unemployment aid fell last week to seasonally adjusted 324,000, the lowest since January 2008. The drop points to fewer layoffs and possibly more hiring. The Labor Department ...

Stock futures rebounded after a triple-digit sell-off on the Dow as the central bank in Europe cut interest rates again Thursday and the U.S. deficit with China hit a three-year low. The number of Americans ...

Jobless claims fall to 5-year low

Larry Summers takes on Glenn Hubbard in a magazine profile comparing two of the top politically connected economists.

BRATISLAVA (Reuters) - The European Central Bank cut interest rates for the first time in 10 months on Thursday, promising to provide as much liquidity as euro zone banks need well into next year and to ...

With the United States’ energy reserves continuing to rise through advanced fracking technology, the possibility that the U.S. becomes a significant trading partner to Europe, rather than Russia, may be ...

LISBON (Reuters) - European Union governments and institutions must take "immediate action" to promote growth and jobs creation as countries are tired of austerity, European Council President ...

* HSBC PMI at 50.8 in April, lowest reading in six months * PMI posts seventh straight monthly expansion * Export sales fall for first time since Nov By Asher Levine SAO PAULO, May 2 (Reuters) - Brazil's ...

LISBON, May 2 (Reuters) - European Union governments and institutions must take "immediate action" to promote growth and jobs creation as countries are tired of austerity, European Council President ...

The Elephant in the room is real — and won't go away. In the western world, the economy has been down since 2007, and, presently, the economic world is in depression. There, I said it. No one wants to ...

BRATISLAVA (Reuters) - Extended weak economic activity and tame inflation persuaded the European Central Bank to cut interest rates, ECB President Mario Draghi said on Thursday. In the past month, confidence ...

President Susilo Bambang Yudhoyono said he would submit a revised 2013 budget in May that would include a fuel price increase, but would also revive a cash compensation program for poor families.

The U.S. trade deficit narrowed in March for a second month as the daily flow of imported crude oil dropped to the lowest level in 17 years. The deficit with China hit a three-year low. The trade deficit ...

TORONTO, May 2 (Reuters) - The Canadian dollar strengthened against the U.S. dollar early on Thursday after the domestic economy posted a surprise trade surplus. The currency firmed to C$1.0060 to the ...

The fewest Americans in more than five years made their first application for unemployment benefits last week, in news that could signal a sustainable improvement in the jobs market — or some seasonal ...

Stock futures advanced on Thursday morning. Here are three stories moving the markets and shaping Mr. Market's mood...

WASHINGTON, May 2 (Reuters) - The U.S. trade deficit fell more than expected in March as imports recorded their biggest drop since 2009, the latest sign of slowing domestic demand. The Commerce Department ...

US weekly unemployment aid applications fall to 324K, lowest in 5 years; sign of fewer layoffs.

WASHINGTON (MarketWatch) -- The U.S. trade deficit narrowed unexpectedly by 11% in March to $38.3 billion, the Commerce Department said Thursday. The trade gap was below the consensus forecast of Wall ...

MANILA, Philippines (AP) -- Standard & Poor's gave the Philippines an investment grade credit rating on Thursday in the second such boost to the country's standing this year. S&P said it raised its sovereign ...

The number of Americans filing claims for jobless benefits unexpectedly dropped last week to the lowest level in more than five years, indicating companies are retaining staff even as the economy cools....

The U.S. trade deficit narrowed more than forecast in March to its second-lowest level in three years as imports of consumer goods and business equipment declined.

The price of oil made gains above $91 per barrel Thursday, rebounding from a steep drop, as the European Central Bank cut its key interest rate to a new low. By early afternoon in Europe, the benchmark ...

* China, India PMIs show factory-sector growth stumbling * U.S. crude stocks at record high, OPEC output rising * ECB cuts interest rates (Adds rate cut) By Alex Lawler LONDON, May 2 (Reuters) - Oil rose ...

By Tony Munroe and Suvashree Dey Choudhury MUMBAI (Reuters) - The Reserve Bank of India on Thursday warned of "very limited" space for further easing of monetary policy this fiscal year, striking ...

The Softer Side Of Inflation Expectations

* Euro rises after ECB delivers widely expected rate cut * Market awaits Draghi news conference at 1230 GMT * Euro quickly recovers from brief falls By Anooja Debnath LONDON, May 2 (Reuters) - The euro ...

(Adds comments) By Tony Munroe and Suvashree Dey Choudhury MUMBAI, May 2 (Reuters) - The Reserve Bank of India on Thursday warned of "very limited" space for further easing of monetary policy ...

* ECB cuts rates to support flagging euro zone economy * China, India PMIs show factory sector growth stumbling * International trade, jobless claims data on tap * Futures: S&P up 6.6 pts, Dow up 59 pts, ...

Britain's tax authority approved a controversial deal with Goldman Sachs partly to avoid the embarrassment of the U.S. bank pulling out of a new tax framework, a court heard on Thursday. The challenge ...

The European Central Bank cut its target rate from 0.75% to 0.5%, in a long-demanded and widely expected move. That’s the first interest rate cut since July 2012. The central bank also surprisingly cut ...

By Michael Shields BRATISLAVA (Reuters) - The European Central Bank cut interest rates for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so ...

The European Central Bank on Thursday cut its benchmark interest rate to a record low, a mostly symbolic move that is unlikely to jolt the Continent out of recession.

LONDON, May 2 (Reuters) - Slovenia returned to international bond markets on Thursday in search of cash needed to recapitalise its banks and stave off a bailout, resuming a bond auction it had aborted ...

The European Central Bank cut its key interest rate to a record low as the 17-nation euro region struggles to emerge from recession.

The number of planned layoffs at U.S. firms fell to their lowest level of the year in April, suggesting slowing economic growth has not translated into significant job losses, a report showed on Thursday. ...

* China, India PMIs show factory-sector growth stumbling * U.S. crude stocks at record high, OPEC output rising * Coming Up: ECB interest rate decision; 1145 GMT (Recasts with rising prices, adds quote) ...

MUMBAI, May 2 (Reuters) - The Reserve Bank of India on Thursday warned of "very limited" space for further easing of monetary policy, striking a hawkish tone a day before it is widely expected ...

ECB: To Cut Or Not To Cut, That Is The Question

* ECB set for rate cut as inflation falls sharply * China, India PMIs show factory sector growth stumbling * International trade, jobless claims data on tap * Futures: S&P up 5 pts, Dow up 23 pts, Nasdaq ...