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Weaker inflation could prompt broad ECB asset-buying - Draghi

Yahoo - DRC - 1 hour 7 min ago
By Thomas Escritt AMSTERDAM (Reuters) - The European Central Bank could embark on a broad-based asset buying plan if the euro zone inflation outlook worsens, ECB President Mario Draghi said, adding that a rise in the euro could also trigger policy action. While stressing that the ECB sees inflation remaining low for a prolonged period before rising again, Draghi set out three "contingencies" for the ECB to act. He also said a rise in the euro could - all else being equal - prompt the ECB to act. Draghi said "the exchange rate is an increasingly important factor in our assessment of the outlook for price stability." The euro fell to $1.3815 after the release of Draghi's comments from around $1.3835 beforehand.
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Russia says firms leaving over sanctions can't return soon

Yahoo - DRC - 1 hour 14 min ago
By Denis Dyomkin BIROBIDZHAN, Russia (Reuters) - Russia warned foreign companies working in the oil and gas sector that if they quit the country over Ukraine-related sanctions, they would not be able to return any time soon. Natural Resources Minister Sergei Donskoy said on Thursday that foreign firms had not so far signalled they would withdraw from projects in Russia, the world's top crude oil producer, but that there would be a price to pay if they did. "It is obvious that they won't return in the near future if they sever investment agreements with us, I mean there are consequences as well," Sergei Donskoy told reporters in the city of Birobidzhan in Russia's Far East. "Russia is one of the most promising countries in terms of hydrocarbons production.
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Ukraine central bank sees no need for FX intervention

Yahoo - DRC - 1 hour 18 min ago
The Ukrainian central bank sees no need for intervention on the currency market, which has shown signs of stabilisation, a bank official said on Thursday. "The tool of currency intervention remains in the (central bank's) arsenal. There has been a certain stabilisation on the market," Olena Shcherbakova, head of the central bank's monetary policy department, said at a round-table meeting in Kiev.
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Libya faces enormous security challenge - U.S. diplomat

Yahoo - DRC - 1 hour 20 min ago

TRIPOLI (Reuters) - U.S. Deputy Secretary of State William Burns, the most senior U.S. official to visit Libya since a deadly 2012 attack on a U.S. compound there, said on Thursday Libya was facing a severe challenge from an increase in extremist violence. "Rising violent extremism is an enormous challenge first for Libya but also for Libya's international partners," he told a news conference after talks in the capital Tripoli. Washington recognised the severity of that threat, he added. (Reporting by Ulf Laessing, Writing by William Maclean)


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Rick Perry Is Coming for Your Job

Yahoo - DRC - 1 hour 21 min ago

No more talk of Texas seceding or ‘oops’ moments—the governor is relaunching his image and luring businesses to the Lone Star state. And he was doing just that in Manhattan on Tuesday.


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Buffalo Jills Vs. Buffalo Bills

Yahoo - DRC - 1 hour 21 min ago

Hundreds of unpaid hours of work, ‘degrading sexual comments,’ and even menstrual hygiene rules—this was life as a Bills cheerleader, according to a lawsuit filed this week.


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Secret World of Drug Addict Doctors

Yahoo - DRC - 1 hour 21 min ago

News of doctor and nurse drug overdoses hit the press this week, highlighting an ongoing (and growing) problem.


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It’s Not Racist to Oppose Gay Marriage

Yahoo - DRC - 1 hour 21 min ago

Lots of people compare the opposition to gay marriage and the resistance to interracial relationships. It’s a flawed analogy. Here’s why.


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Guns in Bars: What Could Go Wrong?

Yahoo - DRC - 1 hour 21 min ago

Georgia’s new law allows them everywhere—in libraries, at school—and permits felons to claim a Stand Your Ground defense. Let’s hope it makes Southern white guys feel manlier, at least.


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Why Are Docs Giving Kids Codeine?

Yahoo - DRC - 1 hour 21 min ago

Hundreds of thousands of kids were given codeine during ER visits from 2001 to 2010, despite warnings of its danger. It’s time for doctors to stop this kind of careless medicine.


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The Streets or the Slaughterhouse

Yahoo - DRC - 1 hour 21 min ago

New York City’s mayor says the carriage horse industry is inhumane, but what about the grim alternative for the animals? Meet Roger, the horse saved from slaughter by a carriage driver.


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Dinner with Your Favorite TV Sidekicks

Yahoo - DRC - 1 hour 21 min ago

Adult Swim’s Brett Gelman invites you to have supper with him and seasoned actors. This will, inevitably devolve into the comedian freaking out and crying on the floor.


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The Cult of the Baby General

Yahoo - DRC - 1 hour 21 min ago

Baby photos of the Hermit Kingdom’s hereditary dictator are meant to reinforce North Korea’s state religion of moral and racial purity.


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Green Power or Cheap Power? You Choose.

Yahoo - DRC - 1 hour 21 min ago

Not only can homes with photovoltaic cells and wind turbines generate electricity, but they can also sell that juice on the backs of grids that the power companies pay to maintain. No wonder they’re asking states to tax renewables.


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How LEGO Conquered Hollywood

Yahoo - DRC - 1 hour 21 min ago

‘Beyond the Brick,’ which premieres at the Tribeca Film Festival, is more than just the story of a toy we’ve all come to love. At its core, it’s a documentary about survival.


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The Tastiest Art Exhibit

Yahoo - DRC - 1 hour 21 min ago

The most recent exhibition at New York’s David Zwirner Gallery converts the traditionally sterile space into a fully functional chocolate factory with candy free for the taking.


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Vivian Maier: Still Missing

Yahoo - DRC - 1 hour 21 min ago

After discovering a trove of unknown photographs at an auction, John Maloof set about exposing the nanny-cum-artist who took them. But does ‘Finding Vivian Maier’ tell the whole story?


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He’s Got a Ticket to Write

Yahoo - DRC - 1 hour 21 min ago

The train Dominic Utton took to work broke down a lot. Each time it happened, he wrote to the railroad. They wrote back. And a novel was born.


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LME says up to quarter of its electronic trade comes from Asia

Yahoo - DRC - 1 hour 23 min ago

By Melanie Burton and Polly Yam HONG KONG (Reuters) - Up to a quarter of electronic trading volume on the London Metal Exchange (LME) comes from customers in Asia, its chief executive said, indicating the bourse has a robust base for its drive into the region. It is the first time the LME, the world's biggest marketplace for industrial metals such as copper and aluminium, has disclosed the size of electronic trade from Asia and shows that while it has a toehold in the market, it still has huge room to grow. "Ten-25 percent on any given day of outright trading on the electronic system comes from Asia," LME Chief Executive Garry Jones said at a conference in Hong Kong, adding that overall electronic trade volumes grew 28 percent last year. The comments come as the LME is looking to boost business in top metals consumer China, as well as countries such as Indonesia, Singapore and South Korea, after being bought by Hong Kong Exchanges & Clearing Ltd in 2012.


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Ukraine troops take checkpoint north of Slaviansk

Yahoo - DRC - 1 hour 25 min ago
Ukrainian troops with five light armoured vehicles took control of a checkpoint north of Slaviansk on Thursday after pro-Russian separatists appeared to abandon the position, Reuters journalists said from the scene. When the armoured unit approached along a road from Sviatogorsk, which Ukraine's government said it recaptured on Wednesday, militants set up a smokescreen of burning tyres. Ukrainian forces appear to be closing in around Slaviansk, a city of 130,000 which has become a military stronghold for the pro-Russian movement and is entirely controlled by separatist fighters. Reuters journalists saw Ukrainian troops digging in outside the city on the main road south to the regional capital Donetsk.
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