By The Associated Press
FRANKFURT, Germany (AP) - Here are some of the key steps the European Central Bank has taken over the past two and half years to try to ease Europe's financial crisis and provide a spark to the weak economy.
CHEAP LOANS TO BANKS: The
By MIKE SCHNEIDERAssociated Press
ORLANDO, Fla. (AP) - Using words like "false testimony" and "misled," a Florida judge granted $1 million bail Thursday for former neighborhood watch volunteer George Zimmerman, but questioned his honesty and suggested he had plotted to leave the
By NICOLE WINFIELDAssociated Press
VATICAN CITY (AP) - The Vatican has registered one of its worst budget deficits in years, plunging back into the red with a €15 million ($19 million) deficit in 2011 after a brief respite of profit.
The Vatican on Thursday
BEIJING (AP) - China cut its key lending rate Thursday for a second time in one month in a new effort to reverse its deepest economic slump since the 2008 global crisis.
The central bank cut the rate on a one-year loan by 0.31 percentage points to 6 percent. It
BERLIN (AP) - A group of German economists has denounced decisions made during last week's European Union summit, arguing Thursday that they risk increasing the exposure of taxpayers, retirees and savers to the debts of struggling banks.
EU leaders agreed in
LONDON (AP) - The Bank of England on Thursday backed another 50 billion pounds ($78 billion) injection into the ailing British economy as it kept its main interest rate at the record low 0.5 percent.
The move by the Bank's rate-setting Monetary Policy
By DAVID McHUGHAP Business Writer
FRANKFURT, Germany (AP) - The European Central Bank cut its benchmark interest rate to a record low Thursday to spark economic growth but gave little sign it would take further action soon to ease Europe's financial crisis
By ALEX KENNEDYAssociated Press
SINGAPORE (AP) - Asian stocks were mostly lower Friday as investors brushed off monetary stimulus measures by China, Europe and Britain as insufficient to reverse a global economic slowdown.
An interest rate cut by the European
By MENELAOS HADJICOSTISAssociated Press
NICOSIA, Cyprus (AP) - Cyprus' president on Thursday defended his government's decision to seek financial aid from the island nation's eurozone partners while at the same time asking for a loan from Russia, insisting that the
By BOB BAUMAP Sports Writer
PHOENIX (AP) - Steve Nash wanted to go to the Los Angeles Lakers. He just needed an assist.
The Phoenix Suns would have to reach a sign-and-trade deal to facilitate the move and, according to Nash, they were reluctant