European Central Bank President Mario Draghi has committed to stalling interest rate hikes amid fears of a global economic slowdown. The European Central Bank will delay its first interest rate hike since the 2008 financial crisis “at least through the first half of 2020”, said its president, Mario Draghi. Source: The Week
Daimler cut its 2019 earnings outlook on Sunday after lifting provisions for issues related to its diesel vehicles by hundreds of millions of euros.Group earnings before interest and tax this year are now expected to be at last year’s level, the automaker said, against a previous estimate of a slight increase.Source Automotive News
Turkey’s second drill ship Yavuz will operate in a borehole near Cyprus’ Karpas peninsula, to the northeast of the island, for around three months and reach a depth of 3,300 metres (3,609 yards), Energy Minister Fatih Donmez said on Thursday. Source: Ekathimerini
he Bundesbank president has in the past opposed the ECB’s bond purchasing programmes, which were implemented during the region’s financial crisis to alleviate strains on the economy and financial system. But he told German weekly Die Zeit on Wednesday that the programmes fell within the central bank’s mandate. Source: The Irish Time
