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Europe Breaking News: ECB 's Draghi Holds Door Open for Lower Rates

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Europe Breaking News: ECB 's Draghi Holds Door Open for Lower Rates

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Europe Breaking News: ECB 's Draghi Holds Door Open for Lower Rates

Wochit 0:52 mins

European Central Bank President Mario Draghi held the door open for another interest rate cut as he again reassured markets that the bank is nowhere near withdrawing help for the struggling euro area economy. Germany's stumbling industrial giant, after ousting its chief executive over missed profit targets, has promoted a longtime executive to replace him.The Siemens supervisory board named Joe Kaeser, a 56-year-old with a long career at the company, to replace Peter L?scher. France's Schneider Electric is nearing a $5.07 billion deal to acquire British engineer Invensys and could announce the agreement at any moment.

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