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World share markets up

euro stock exchange

World share markets climbed closer to record levels on Tuesday on expectations the European Central Bank will extend its easy monetary policy, while gold slipped to a one-month low following upbeat U.S. economic data. [Read more…]

ECB Lowers Interest Rates

European Central Bank

European Central Bank

Europe’s interest rates have probably reached a bottom. Although the economy has been in recession since Q4 2011, the European Central Bank (ECB) hesitated until this morning to lower its main refinancing rate at which banks can borrow funds by a quarter percentage point to 0.5%. [Read more…]