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  • The Federal Reserve and European Central Bank have been striving to generate a small dose of inflation— around 2 percent annually, just enough to spur more spending and income but not so much that prices surge out of control. ECB President Mario Draghi faced that very question at a news conference Thursday in Frankfurt, Germany. In the United States, the Fed's...

  • NEW YORK— This month's Federal Reserve policy meeting could signal the end of an era. The Standard& Poor's 500 index has almost tripled since bottoming in March 2009, as corporate profits have surged. Jim McDonald, chief investment strategist at asset manager Northern Trust, explains what he expects to happen with interest rates, how that will impact financial...

  • *MSCI global stocks index climbs. NEW YORK, Sept 3- The euro fell 1 percent on Thursday on a darkening euro zone outlook, while global stock markets rallied as the European Central Bank chief pledged to beef up or prolong the bank's economic stimulus if necessary. ECB President Mario Draghi's comments on the bank's bond-buying program came as the bank cut its...

  • NEW YORK, Sept 3- Los Angeles has dropped a lawsuit accusing JPMorgan Chase, the largest U.S. bank, of discriminatory mortgage lending, ending the first of the city's four lawsuits accusing major banks of driving up foreclosures among minority borrowers. Los Angeles is still pursuing similar complaints against Bank of America, Wells Fargo& Co and Citigroup Inc..

  • FEDERAL RESERVE HAS FLEXIBILITY TO HOLD OFF WITH RATE HIKES, HAS NO COMMENT ON SPECIFIC TIMING.

  • NEW YORK, Sept 3- U.S. Thursday after a dovish outlook from the European Central Bank. The European Central Bank cut its inflation and growth forecasts for the euro zone and its president, Mario Draghi, said things could get worse.

  • *Joy Global falls after slashing full-year forecast. Sept 3- Wall Street opened higher on Thursday as data pointed to a strengthening U.S. economy and the European Central Bank indicated it could prolong its stimulus program. The ECB also cut its inflation and growth forecasts for the euro zone in the wake of lower oil prices, weaker growth in China and a...

  • *EasyJet surges on positive profit outlook. LONDON, Sept 3- European shares rose sharply on Thursday, extending earlier gains as the European Central Bank delivered a dovish message from its first meeting after weeks of market turmoil. "Today's ECB press conference was significantly more downbeat in terms of the outlook for euro zone growth and inflation,"...

  • FRANKFURT, Germany— The European Central Bank is ready to give the eurozone economy a bigger dose of stimulus if turmoil in China and weaker global growth hurt its modest recovery, President Mario Draghi said Thursday. Draghi said the ECB can add to its 1.1 trillion euro program, if the 19- country currency bloc needs it. Tom Rogers, senior economic adviser to the EY...

  • FRANKFURT, Sept 3- European Central Bank President Mario Draghi said on Thursday that more time was needed to see whether Greece would qualify for bond purchases under the bank's asset buying program. "The bond purchases cannot take place while a review is ongoing," he told a news conference. Greece has just agreed a new bailout from international lenders but its...

  • NEW YORK— U.S. stocks were slightly higher Thursday, helped by comments from European Central Bank policymakers, who said they were willing to provide more stimulus to the region's economy, if needed. READY TO ACT: The European Central Bank said it's ready to give the eurozone a bigger dose of stimulus should inflation across the 19- country bloc fail to pick up,...

  • *China markets closed for public holiday. *Coming up: U.S. Weekly jobless claims at 1230 GMT. LONDON, Sept 3- Gold fell on Thursday, under pressure from a steady dollar and firmer share markets as investors awaited a European Central Bank news conference and a U.S. jobs report that could provide clues on the timing of a Federal Reserve rate rise.

  • FRANKFURT, Sept 3- The European Central Bank is set to cut its inflation forecasts on Thursday but hold back from concrete policy action, promising only to beef up its bond-buying program if growth and inflation prospects weaken further. The bank, which left interest rates unchanged in a widely predicted decision, is expected to say the chances of missing its...

  • *China markets closed for public holiday. *Coming up: U.S. Weekly jobless claims at 1230 GMT. LONDON, Sept 3- Gold edged lower on Thursday, under pressure from a stronger dollar and share markets as investors awaited a European Central Bank policy meeting and a U.S. jobs report that could provide clues on the timing of a Federal Reserve rate rise.

  • FRANKFURT, Germany— The latest on the European economy as the European Central Bank meets to discuss its monetary policy:. European Central Bank President Mario Draghi has dismissed the idea that central banks in developed economies should lower their inflation targets amid a prolonged period of subdued price increases. The euro fell sharply and stocks rose...

  • LONDON, Sept 3- World stocks rose on Thursday, lifted by the strong rally on Wall Street the previous day, but investors were cautious ahead of a potentially critical 24 hours that will include a European Central Bank policy meeting and the latest U.S. jobs data. Germany's DAX was up 1.8 percent at 10,231 points, France's CAC 40 was up 1.6 percent and Britain's FTSE...

  • FRANKFURT, Sept 3- The European Central Bank is set to cut its inflation forecasts on Thursday but hold back from concrete policy action, promising only to beef up its bond-buying program if prospects weaken further. The bank is expected to leave interest rates unchanged and argue that the chance of missing its medium-term inflation target has increased due to...

  • BUENOS AIRES, Argentina— Argentina's central bank has ordered HSBC's local unit to name a new president and vice president for failing to prevent money laundering and tax evasion. Argentina's tax agency had charged HSBC bank in November with helping more than 4,000 Argentines evade taxes by placing their money in secret Swiss accounts.

  • WASHINGTON, Sept 2- U.S. labor markets were tight enough to fuel small wage gains in some professions in recent weeks, though some companies already were feeling a chill from an economic slowdown in China, the Federal Reserve said on Wednesday. While many Fed policymakers think the U.S. labor market is close to full strength, China is casting a long shadow on the...

  • WASHINGTON, Sept 2- The U.S. government has initially underestimated job growth for almost every August over the last decade, a trend that could make it harder for the Federal Reserve to decide if an upcoming employment report will signal America is ready for a rate hike. The Labor Department's jobs report for August, which will be released on Friday, will be the...

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