The risk has increased that the European Central Bank won't get inflation back up to where it wants, the bank's chief economist has said, pledging to beef up its anti-deflation asset-buying programme if necessary.
Many global stock markets rebounded today with world stocks, oil prices and bond yields all rising after China cut interest rates and banks' reserve requirements in a bid to kick-start its wavering economy.
Worries of a deepening China economic slowdown have intensified after a private survey showed the factory sector shrank at its fastest rate in almost 6-1/2-years in August, hammering global stocks and commodity prices.
More than €36 million of One51 shares sold for €1.85 yesterday in a move that could raise the bar for potential suitor Capvest, which is seeking shareholder backing for a €1.80 bid, The Irish Times reports.
China's yuan hit a four-year low this morning, falling for a second day after authorities devalued it in a move that sparked fears of a global currency war and accusations that Beijing was giving an unfair advantage to its struggling exporters.
A group of mainly US-based stock traders and computer hackers in Ukraine made as much as $100m in illegal profits over five years by conspiring to use information stolen from thousands of corporate press statements before their public release, US authorities have said.