Jean Vega

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Negative interest rates are scaring people

Europe's economy is limping along.<p>The European Central Bank has taken extraordinary steps to resuscitate the economy, but it's gone too far, say two power players.<p>In June of 2014, Europe's Central Bank slashed interest rates into negative territory, a move that was called unconventional and …

Economics

Bank shares lead FTSE 100 higher

<b>(Close): The FTSE 100 was back above the 6,000 level on Friday, helped by a strong performance in banking shares.</b><p>The UK's benchmark share index climbed 70.61 points, or 1.2%, to 6,021.09.<p>Bank shares led the way. Lloyds Banking Group was up 5.4%, while Standard Chartered jumped 5.1% and Barclays …

Lloyds Banking Group
Stock Markets
Stock Markets

The ruble's strengthening on oil

The <b>Russian ruble</b> is still going strong as oil prices gain for the first time in 7 days.<p>The currency is up by 1.4% at 64.8736 per dollar while Brent crude oil is up by 3.3% to $48.73 per barrel as of 1:43 p.m. ET.<p>As for the rest of the world, here's the scoreboard:<p>The <b>euro</b> is stronger by 0.5% at …

Oil
Athletic Apparel
Stock Markets
Stock Markets