The ECB changed the parameters of its bond purchasing program, removing the deposit limit floor. Under the new rules governing asset purchases the ECB will be able to purchase government bonds which are yielding less than its deposit rate. That would enable the ECB to begin buying ultra-safe government bonds, such as German short-term debt. Source Investing.com
The biggest U.S. bank said it developed a prototype digital coin that it plans to use to speed up payments between corporate customers. The token, dubbed JPM Coin, is based on blockchain technology, a decentralized public ledger of transactions that offers more speed because it doesn’t rely on a central record keeper. Source: Bloomberg
French schools are to replace the words “mother” and “father” with “parent 1” and “parent 2” under a controversial same sex amendment to a law passed this week. Source: Telegraph
FCA Group, Ford and Volkswagen led a 4.6 percent decline in European car registrations in January, industry data showed, dampened by an economic slowdown in euro zone economies and consumer jitters over Brexit and trade. Source Reuters
