ECB agrees landmark sovereign bond-buy plan

The European Central Bank agreed on Thursday to embark on a quantitative easing (QE) programme, which together with its existing schemes will pump 60 billion euros a month into the euro zone economy from this March until September next year.


Oil jumps as Saudi king's death feeds market uncertainty

Oil prices jumped on Friday as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades

Mexico says Pacific free trade deal 'feasible' in mid-March

A deal on a 12-nation Asia-Pacific trade pact could be concluded in mid-March, Mexico's economy minister, Ildefonso Guajardo, said on Thursday.

Brazil risks recession as central bank bucks global trend, raises rate

Brazilian President Dilma Rousseff's crusade to win back investor confidence has entrusted policymakers with the tough mission of hiking interest rates while major central banks cut them, raising the prospect of another recession in Latin America's biggest economy.


Latest News

Crude oil prices pared early losses but still settled lower on Thursday after a government report showed the biggest build in U.S. crude inventory in at least 14 years.
U.S. airlines on Thursday forecast enormous fuel savings in 2015 but hinted that ample consumer demand would allow them to avoid fare discounts and pass savings on to shareholders.
South Korean smartphone maker LG Electronics Inc said on Thursday that it encountered no overheating problems with Qualcomm Inc's new Snapdragon processor that is powering a curved-screen device going on sale later this month.
New world trade talks had to level the playing field between developed and developing economies on farm support and avoid being held hostage by countries unwilling to open markets, U.S. Trade Representative Michael Froman said in an opinion piece to be published on Thursday.
When Sri Lanka unexpectedly turfed out President Mahinda Rajapaksa in an election this month, it was the biggest setback in decades for China's expansion into South Asia - and a remarkable diplomatic victory for India.
The deadly attacks in Paris earlier this month could have a lasting impact on tourism if anti-France protests that have swept the Muslim world lead wealthy Arabs to shun the city.
New York's Governor Andrew Cuomo announced a $142 billion state budget on Wednesday that keeps spending growth below 2 percent and promises more money for big-ticket infrastructure projects while cutting property taxes.
Microsoft Corp surprised the tech world on Wednesday with a prototype hologram visor that can bring the Minecraft video game, Skype calls and even the landscape of Mars to three-dimensional life.
EBay Inc's plans to break up into three different companies could accommodate would-be suitors, signaling a potential merger fight after the breakup.
The European Central Bank is poised to announce a plan on Thursday to buy government bonds, resorting to its last big policy tool for breathing life into the flagging euro zone economy and fending off deflation.