Europe

OECD Calls Meeting Next Week to Discuss Panama Papers

The Organization for Economic Co-operation and Development has called a meeting of senior tax officials from leading economies on April 13 in Paris to discuss a common response to widespread tax avoidance schemes reportedly unveiled by the so-called Panama Papers.

Draghi: ECB Monetary Policy Is Stimulating the Economy

European Central Bank President Mario Draghi issued a strong defense of accommodative monetary policy Monday, saying that there was no alternative to such policy in an environment where inflation remains very weak.

May Leads Three-Horse UK PM Race

Interior minister Theresa May opened up a strong lead on Tuesday in what is now a three-horse race to become Britain's next prime minister.

Faber Says Another Round of QE Ahead

'Gloom, Boom & Doom' Report Publisher Marc Faber weighed in on the impact of Brexit on the global markets and economy as well as central bank policies.

Bond Yields Sink as Central Banks Head for Easier Policy

Global stock markets climbed for a fourth day and government bond yields around the world hit their lowest levels in years on Friday, driven by the prospect of further cuts in interest rates and more central bank bond buying to support weak economies.

Fed's Fischer Says Brexit Implications Still Being Evaluated

Federal Reserve Vice Chairman Stanley Fischer said Friday the Fed will know more by its July meeting about the implications of the so-called Brexit vote for the U.S. economy, and said those effects will be weighed against positive incoming U.S. economic data.