The European Central Bank kept its main refinancing rate on hold at 0.75 per cent on Thursday, shrugging off fears that the slowdown across the eurozone that is now hitting its biggest economy, Germany, warranted a cut.
PBOC Injects Record Amount of Cash Into Money Market
SHANGHAI-China's central bank pumped a record-high amount of cash into the financial system Tuesday in an bid to ease a liquidity crunch caused by commercial lenders' surging demand for funds to meet capital requirements.
France Calls On Google to Settle Rift With Publishers
PARIS-France will consider adopting legislation that would force Google Inc. to pay for the right to cite news articles online if the U.S. search giant fails to settle a long-running dispute with French news publishers over how to share advertising revenue, the office of France's President François Hollande said on Monday.
BBC scandal creates waves for incoming New York Times CEO
The erupting scandal at Britain's public broadcaster, the BBC, over allegations of sexual abuse involving late TV host Jimmy Savile is leading to awkward questions for the New York Times Co's incoming chief executive, Mark Thompson.