(updates with closing levels). * FTSEurofirst 300 down 0.6 pct, retreats from near seven-yr high. * Stocks trim losses after Draghi says ready to use more tools.
A group of philanthropies, including one backed by the oil tycoon Rockefeller family, pledged to sell off $50 billion in investments connected with fossil fuels.
Philadelphia Federal Reserve President Charles Plosser, who has pushed the central bank to move more quickly to raise its rock-bottom interest rates, said Monday he would retire on March 1. Plosser, known as an inflation hawk because of his view that the ...
The European Central Bank will actively manage its balance sheet and is willing to implement more stimulus if required to stave off the threat of deflation in the euro area, ECB President Mario Draghi said.
image NEW YORK: US stocks were trading lower heading towards midday on Monday after China's finance minister indicated the country will not increase stimulus measures and US housing data fell short of expectations.