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Big Commercial Banks Criticized European Central Bank's Simulus Measure

Commercial banks in northern Europe criticized ECB for its four-year cheap loan policy and stimulus program. The policy was aimed to stimulate growth for banks that struggle in southern part of Europe.

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Trading On The Floor Of The NYSE As U.S. Stocks Join Global Rally While Investors Embrace ECB Measures

Global stocks soar on rising investor confidence

Global stocks rose further as increased investor confidence propelled buying support. Investor confidence has been strengthened after the announcement of European Central Bank's stimulus plans and encouraging US economic data.

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Stocks Rally Over 200 Points

US Presidential elections, China economy setting tone for markets

Global markets have been moving in tandem with state of Chinese economy and US Presidential elections these days. After rebounding in the previous month, the global markets are waiting for next level triggers from US elections and stimulus plans on China's economy.

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BOJ Governor Vacancy Cause Confusion In Market

Bank of Japan expected to slash interest rates further

The Bank of Japan is anticipated to reduce its interest rates into a negative territory further at or before the bank's meeting in July. The bank is anticipated to trim its interest rate to minus 0.2% due to low domestic spending and slump in the energy market.

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Crumpled 500 euro banknote.

The Biggest Bank in Norway Heads European Central Bank in Launching Monetary Stimulus in Euro Zone

European Central Bank (ECB) is expected to launch monetary stimulus next month to help banking system in euro zone. Norwegian's biggest bank DNB ASA supported the effort as stated by its chief of asset management.

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Bank Of England Hold Press Conference On The Financial Stability Report

Bank of England has many choices to boost Britain's economy according to Governor Mark Carney

Bank of England has many choices to boost Britain's economy. The bank may slack its financial policy on fears that the country may exit the European Union.

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Algerian Prime Minister Abdelmalek Sellal Visits Berlin

High employment rate propels German GDP

Record high employment rate and domestic spending propelled German GDP rate by 1.7 percent in 2015, according to the German authorities' calculation.

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Eurozone Leaders Reach Agreement After Talks Over A Third Bailout For Greece

Greece Bailout: Central Bank Shows Support to Implement Bailout Reforms

The government of Greece has been faced with a controversy whether to approve bailout reforms required by international creditors. Bank of Greece have shown support that encourages the government to conform with the required reforms, including the tough pension system reform.

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European Central Bank

At near zero inflation, ECB may expand QE program

European Central Bank may expand quantitative easing program as the inflation is hovering at near zero level of 01. percent for August. ECB Vice-President also indicated that QE program may be widened further.

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Christine Lagarde

Interest rate hike could harm global economy - IMF

The International Monetary Fund raises concern about the potential fallout of a US rate hike this year. The fund says raising interest rates at this time puts the already fragile global economy at risk. "Monetary policy must stay accommodative to prevent real interest rates from rising prematurely," the IMF said Wednesday in a letter to top central bankers and finance ministers meeting in Turkey this week.

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Greece

Greece elections: Clear mandate holds the key on $96-bn bailout package

Greece is set for elections on 20 September this year. Judge Vassiliki Thanou is the care taker Prime Minister till the new government is formed. Thanou was sworn in on last Friday and became the first female Prime Minister for Greece.

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German Chancellor Angela Merkel

European bailout fund grants release of aid to Greece

The first tranche of the bailout package for Greece has been released. The European Stability Mechanism board approved the release of €26 billion ($29 billion) Wednesday after assemblies of creditor nations, including Germany, endorsed the package.

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Greece

Greek government says discussing draft of third bailout deal

Greek government officials discussed a draft of the country's third bailout agreement drawn up on the basis of discussions with EU/IMF lenders, a government official said on Saturday, boosting hopes a deal could be wrapped up in days.

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Greece

Greek stock market plunges sharply after re-opening

A black Monday for Greece's stock market. Its benchmark Athens Stock Exchange Index ended the day 16% lower after it re-opened for the first time in five weeks.

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Greece

Greek banks reopen after three-week closure

Greek depositors lined up outside banks Monday as banks reopened three weeks after closing their doors. But while people can now withdraw money, restrictions remain and, with new taxes, they will have to shell out more for goods and services.

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