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  • DUBLIN/ FRANKFURT, Jan 22- Business leaders in Europe gave a mixed welcome to the European Central Bank's moves to bolster growth and inflation in the euro area on Thursday, with many- especially in Germany- concerned the programme could delay unpopular economic reforms. "This is a step in the right direction and we'll have to watch and see how it plays out," Swiss...

  • FRANKFURT, Jan 22- The European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying programme which will pump hundreds of billions in new money into a sagging euro zone economy. The ECB said it would purchase sovereign debt from this March until the end of September 2016, despite opposition from Germany's Bundesbank and...

  • FRANKFURT, Germany— The European Central Bank on Thursday launched its most aggressive effort to date to revive the region's ailing economy— a program to buy 1.1 trillion euros in government and private bonds starting in March. The ECB said it would combine purchases of government bonds with an existing smaller program of private bond purchases, to total 60...

  • BERLIN, Jan 22- The ECB's plan to pump cash into the euro zone met with dismay in Europe's biggest economy, with many Germans worried they will bankroll measures that remove incentives for struggling member states to carry out the reforms prescribed by Angela Merkel. The chancellor, paying lip service to the independence of the European Central Bank, reiterated...

  • DAVOS, Switzerland, Jan 22- German Chancellor Angela Merkel warned fellow European leaders on Thursday not to ease off on economic reforms after the European Central Bank announced bold new moves to bolster growth in the euro area. Speaking to a large audience at the World Economic Forum in Davos, Switzerland, just as ECB President Mario Draghi was unveiling a...

  • Merkel says ECB moves should not obscure need to reform Thursday, 22 Jan 2015 | 9:13 AM ET

    DAVOS, Switzerland, Jan 22- German Chancellor Angela Merkel said on Thursday that moves by the European Central Bank to bolster growth did not absolve European politicians of their responsibility to reform their economies. "Regardless of what the ECB does, it should not obscure the fact that the real growth impulses must come from conditions set by the...

  • 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,...