ecb

ECB’s Draghi signals end to rate cuts, overshadows stimulus

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – European Central Bank chief Mario Draghi unleashed a bold easing package on Thursday, cutting rates and expanding asset buys, but undid the very stimulus he hoped to achieve by suggesting there would be no further cuts. Seeking to resurrect corporate activity and investments, the ECB said it …

Read the original post: 
ECB’s Draghi signals end to rate cuts, overshadows stimulus

ecb

Lufthansa cabin crew union says pay talks have failed

Talks between Lufthansa and its main cabin crew union have failed, the union said on Saturday, raising the prospect of more strikes at the German carrier. Lufthansa is in talks with various staff groups as it seeks to cut costs in order to compete better with low cost carriers and Gulf rivals. A long-running dispute with its pilots over pay and conditions has already resulted in more than a dozen strikes over a period of 18 months.

Read the original here:
Lufthansa cabin crew union says pay talks have failed

ecb

ECB will do what is needed to keep inflation target on track: Draghi

By Stephen Jewkes MILAN (Reuters) – The European Central Bank (ECB) is ready to do what it takes to keep its medium-term inflation target on course, its head Mario Draghi said in a newspaper interview published on Saturday. Consumer prices in the 19-country euro zone slipped by 0.1 percent in September – far from the bank's aim of just below…

More:
ECB will do what is needed to keep inflation target on track: Draghi