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  • By Paul Carrel and John O'Donnell. FRANKFURT, Jan 22- The European Central Bank kept the cost of borrowing unchanged on Thursday and remains poised to announce a plan to buy government bonds with new money, its last gambit for breathing life into a euro zone economy. Expectations are high for the ECB to unveil large-scale quantitative easing despite opposition...

  • FRANKFURT, Jan 22- The European Central Bank is poised to announce a plan on Thursday to buy government bonds, resorting to its last big policy option for breathing life into the flagging euro zone economy. Market expectations are sky-high for the ECB to unveil large-scale quantitative easing- printing money to buy government bonds- despite opposition from...

  • FRANKFURT, Jan 22- The European Central Bank is poised to announce a plan on Thursday to buy government bonds, resorting to its last big policy tool for breathing life into the flagging euro zone economy and fending off deflation. Market expectations are sky-high for the ECB to unveil a large-scale programme of quantitative easing- printing money to purchase...

  • FRANKFURT, Jan 22- The European Central Bank is poised to announce a plan on Thursday to buy government bonds, resorting to its last big policy tool for breathing life into the flagging euro zone economy and fending off deflation. The broader, 25- member policymaking Governing Council will discuss the proposal on Thursday before ECB President Mario Draghi...

  • DAVOS, Switzerland, Jan 21- Ukrainian President Petro Poroshenko accused Russia on Wednesday of sending 9,000 troops to back separatist rebels in the east of his country, and the IMF chief said she backed extra financial help for Kiev as the conflict inflicts severe economic damage. However, he won support from NATO, which said the amount of heavy military...

  • Markets are waiting to see just how much financial firepower the European Central Bank will unleash Thursday, when it is expected to announce large-scale purchases of government bonds with newly printed money to stimulate a sluggish economy. Federal Reserve— as well as the Bank of England and the Bank of Japan. Europe could definitely use a push.

  • LONDON, Jan 19- 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. The EU top court's adviser and the Swiss National Bank have smoothed the way for quantitative easing, or printing money, but fierce opposition from...

  • BERLIN— A former private banker found has been found guilty in Switzerland of breaking the country's strict secrecy laws by passing confidential client data to WikiLeaks in 2007.. Rudolf Elmer claims he was trying to expose rich tax evaders banking with his former employer, Julius Baer, which fired him in 2002.. Elmer's lawyer, Ganden Tethong, says Zurich's...

  • FRANKFURT, Jan 19- Germany's biggest utilities have set aside tens of billions of euros to fund the country's exit from nuclear power from 2022, when the last reactor leaves the grid and the clear-up begins. Germany's "big four"- E.ON, RWE, EnBW and Vattenfall- have piled up 36 billion euros to switch off their nuclear plants by a 2022 deadline, set following the...

  • FRANKFURT, Jan 19- Germany's Bundesbank is mounting a last-ditch drive to limit money-printing by the ECB, hoping either to soften the blueprint or delay decisions on key parts beyond this week, people familiar with the debate say. With markets primed for a European Central Bank announcement on Thursday, Germany's central bank is worried that a program to buy...

  • ZURICH, Jan 19- A former Julius Baer banker found guilty on Monday of breaching Swiss banking secrecy laws by handing over data about offshore clients to WikiLeaks will avoid jail time. The trial of Rudolf Elmer, 59, a self-described "Gandhi of Swiss tax law," comes as banking secrecy in Switzerland is crumbling under international pressure from countries trying...

  • BERLIN, Jan 19- 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. Chancellor Angela Merkel has urged the 28- nation EU to speed up negotiations with the United States on what would be the world's...

  • FRANKFURT, Jan 19- Germany's biggest utilities have set aside tens of billions of euros to fund the country's exit from nuclear power from 2022, when the last reactor leaves the grid and the clear-up begins. Germany's "big four"- E.ON, RWE, EnBW and Vattenfall- have piled up 36 billion euros to switch off their nuclear plants by a 2022 deadline, set following the...

  • ZURICH, Jan 19- A former Julius Baer banker was found guilty on Monday of breaching Swiss banking secrecy laws by handing over data about offshore clients to WikiLeaks, but will avoid jail time. Rudolf Elmer, 59, a former senior executive at Zurich- based Baer's Cayman Islands' office, was accused of passing confidential information to WikiLeaks on two occasions,...

  • SYDNEY, Jan 19- The euro flirted with 11- year lows early on Monday as investors braced for the European Central Bank to take its boldest steps yet to combat deflation and revive the euro zone economy. The common currency last traded at $1.1561, not far from a trough of $1.14595 hit on Friday. "There will no doubt be a lot of wire traffic after Thursday's meeting about...

  • BERLIN/ FRANKFURT, Jan 16- German Chancellor Angela Merkel met with European Central Bank President Mario Draghi on Wednesday, a government spokesman said, ahead of a key ECB meeting at which the bank is poised to announce a scheme to print fresh money to buy state bonds. Launching the scheme, however, faces political obstacles such as opposition from Germany's...

  • BERLIN, Jan 16- German Chancellor Angela Merkel met with European Central Bank President Mario Draghi on Wednesday ahead of a rate-setting meeting next week at which the bank is widely expected to announce a quantitative easing programme, a government spokesman said. Both Merkel and Draghi appeared on Wednesday at a conference in Berlin hosted by German...

  • BERLIN, Jan 15- The German government is considering increasing public investment from next year following news that it reached its goal to balance the federal budget a year ahead of schedule, coalition sources said on Thursday. In November, amid pressure from European partners like France and Italy, Finance Minister Wolfgang Schaeuble announced plans to...

  • EU may flirt with Moscow, not yet set to yield Thursday, 15 Jan 2015 | 9:42 AM ET

    BRUSSELS, Jan 15- The European Union's foreign policy chief Federica Mogherini has set out ways to tempt Russia into defusing the Ukraine crisis but the divided bloc is unlikely to ease sanctions or thaw chilly relations with Moscow any time soon. In a paper to be put to EU foreign ministers on Monday as they prepare a leaders' summit in March that will review...

  • BERLIN, Jan 14- Conflicting views between EU and German courts on whether the European Central Bank's 2012 bond-buying program broke EU law might mean Germany leaving the euro zone, the eurosceptic Alternative for Germany party said on Wednesday. AfD leader Bernd Lucke said that if the ECJ followed the adviser's opinion- which is usually what happens- it would...