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Monday, January 19, 2015

Business Today: Europe holds on to ECB hope, shrugs off China slump

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Europe holds on to ECB hope, shrugs off China slump
LONDON (Reuters) - European stocks and bonds rose on Monday as investors shrugged off the steepest fall in Chinese shares for over six years and bet the European Central Bank will unveil a bond-buying economic stimulus package later this week.
Oil prices slip on gloomy Chinese prospects, record Iraq output
LONDON (Reuters) - Brent crude oil prices fell below $50 a barrel on Monday after the global economic outlook darkened and Iraq announced record oil production.
EU health chief says no clear majority yet for U.S. trade deal
BERLIN (Reuters) - No clear majority has so far emerged among EU states for a free-trade agreement between the European Union and the United States and both sides need to explain the benefits of such a deal, the EU's health chief said.
Markets expect decade of below-target inflation even as ECB readies QE
LONDON (Reuters) - Days before the European Central Bank is expected to deploy its ultimate monetary easing weapon, financial markets are showing no sign of confidence that it will push inflation anywhere near target in the next decade.
Iran oil minister says no plans to call emergency OPEC meeting
DUBAI (Reuters) - Iran's oil minister said on Monday that consultations with other Organization of the Petroleum Exporting Countries members to stop a further drop in oil prices have yet to bear fruit but Tehran had no plans to call an emergency OPEC meeting to discuss prices.
BOJ faces crunch time as oil slump threatens inflation target
TOKYO (Reuters) - Bank of Japan policymakers gathering for a rate review this week will face the daunting task of coming up with a reason why they can hold off on expanding stimulus for now, even as slumping oil prices keep inflation further away from their 2 percent target.
China's shipyards brace for leaner times as oil slump sours rig building spree
SHANGHAI/SINGAPORE (Reuters) - For China's shipyards, the oil rig market that was supposed to be a blessing is in danger of becoming a curse.
China's graft-busters target state-owned firms ahead of reform
BEIJING (Reuters) - China's anti-corruption watchdog has stepped up inspections of state-run conglomerates, focusing on strategic firms, as Beijing prepares to implement its most ambitious reform of government industry in nearly two decades.
Looking to the ECB to move the dial
LONDON (Reuters) - After a head-spinning bout of volatility, next week will be dominated by one question: Will the European Central Bank take the ultimate policy leap or pull its punches?
ECB faces crucial test of 'whatever it takes'
LONDON (Reuters) - The European Central Bank faces a crucial test of its resolve to do "whatever it takes" to preserve the euro when it decides this week on buying government bonds to combat deflation and revive the economy.
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