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The representative of the European Central Bank, Erkki Liikanen, speaking in the Parliament of Finland, said that it will take time for the basic inflation in the euro area to affect the acceleration and support the growth of the overall inflation. According to him, to achieve the ECB inflation target of about 2%, a soft monetary policy is needed. Liikanen noted that there is exceptional uncertainty about how unconventional monetary policy works. According to the preliminary data of the Statistical Office of Eurostat, consumer prices in the euro area grew by 1.4% in March in annual terms, noting the maximum growth since the end of 2017.
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
China's Commerce Ministry stated on Thursday that it would take the 'necessary' measures in response to the United Kingdom's ban on Huawei Technologies Co Ltd (HWT.UL). The government agency said that it would severely damage China's investment ...
European stocks sold lower earlier on Thursday as concerns mounted over the pace of a global economic recovery ahead of latest meeting from the European Central Bank (ECB). Germany’s DAX futures fell by 0.5% at 2:05 AM ET (0605 GMT), ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
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