The European Central Bank (ECB) prepared markets for more easing measures on Thursday, causing the euro to fall to a two-year low against the dollar. Reuters
Turkey’s central bank slashed its benchmark interest rate on Thursday, marking a shift in direction after the sacking of the former governor by President Recep Tayyip Erdogan. Financial Times
The MHRA, he said, had held a number of talks with government regarding the matter, with Zahra stressing that all that was necessary was for authorities to ensure proper enforcement. Business Today
The pace of companies moving production out of China is accelerating as more than 50 multinationals from Apple to Nintendo to Dell are rushing to escape the punitive tariffs placed by the U.S., according to the Nikkei Asian review.
Nearly five years after Alibaba shattered records with a $25 billion IPO, the company is said to be planning a secondary listing in Hong Kong. Analysts told CNBC that other U.S.-listed Chinese firms may consider doing the same. CNBC
The EU and Canada are close to agreeing a new trade dispute resolution system to replace the World Trade Organization’s appeal court, which is edging towards collapse. Financial Times
The return on benchmark Greek government debt has dipped below 2% for the first time ever and is now clearly below the yield on the 10-year U.S. Treasury note. Reuters
German factory executives have reported that industry conditions are in “free fall”, according to a survey that comes just hours before the European Central Bank’s policy decision. Financial Times
An Israeli cybersecurity company has developed spyware that can scrape data from the servers of Apple, Google, Facebook, Amazon and Microsoft products, according to The Financial Times.
The Dow and the S&P were on course to open higher on Thursday as the European Central Bank opened the door for future interest rate cuts in the euro zone, while a clutch of mixed earnings reports kept a lid on gains. Reuters
Misco launched a new Level 6 award in Strategic Marketing offering a mix of lectures and real-world practice using a revolutionary learning platform. This qualification is accredited by the National Commission for Further and Higher Education extending the range of accredited qualifications by Misco. Malta Business Weekly
