The ECB also announces new governing rules that could raise the prospects for quantitative easing.
Spain's ghost towns and half-finished developments could finally start to see life, says ratings agency Fitch.
German drugmaker, Bayer, plans to float its plastics business on the stock market and focus on healthcare and crop science.
With uncertainties surrounding the independence referendum, anxious investors Scotland have been adding to their holdings of gold.
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European shares closed higher on Thursday after an announcement from the European Central Bank on how it will make key decisions in the future.
Marc Ostwald, strategist at ADM Investor Services, comments on the ECB's cheap loan program and says that doing anything before the asset quality review "was always going to be a problem".
Marijn Dekkers,CEO of Bayer, says now is a "good time" to float the company's plastics business and prefers the IPO route.