FRANKFURT, Germany (AP) - A top European Central Bank (ECB) official is calling for the quick creation of an agency with powers to restructure and wind down busted banks, in an apparent pushback against Germany's insistence that such fundamental changes should take time.
ATHENS (AFP) - Greece could be rewarded with another cut in its debt by its international creditors if it continues to apply the terms of its economic recovery, euro zone chief Jeroen Dijsselbloem said on Thursday.
NEW YORK (AP) - A global stock market slump is continuing on Wall Street, as traders worry about how committed the Federal Reserve remains to keeping up its bond-buying programme.
LONDON (REUTERS) - A top US central bank official sought to reassure financial markets that the Federal Reserve was not in a hurry to start winding down its economic stimulus as investors worried about comments by its chairman Ben Bernanke.
LONDON (AFP) - European stock markets slumped on Thursday, with most indices losing more than 2 per cent after Tokyo shares plunged owing to weak Chinese data and signs that the United States Federal Reserve may soon taper massive stimulus measures, analysts said.