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ECB Willing to Expand Stimulus Amid Growth Worry

ECB President Mario Draghi indicated that the bank stands ready to expand its stimulus programs and projected slower-than-expected economic growth in the eurozone, as well as lower inflation rates.

Stocks Rally on Hopes for More Stimulus

Global stocks rallied Thursday on signals of how central banks could contend with upheaval in financial markets.

Image of Syrian Boy Echoes Around World

Photos of a Syrian boy whose body washed ashore on a Turkish beach horrified people around the world as Europe’s migrant crisis escalates.

The 3-year-old was a Syrian Kurd whose family’s efforts to emigrate to Canada had been rebuffed, according to media and Kurdish activists. 258

Hungary’s Leader Says Migrant Crisis Is Germany’s Problem

Hundreds of migrants rushed trains at Hungary’s main station as Prime Minister Viktor Orban blamed Germany for Europe’s migration crisis and warned that border-free travel within the bloc is at risk. 103

Syrians Take Arctic Route to Europe

More than 150 refugees have entered Norway from Arctic Russia this year—a fraction of the estimated half-million people who have sought asylum in Europe, but the flow is quickening as Syrians share the tip for a cheaper and safer route.

Middle East Crossroads

Yemen’s Unity Frays in Leaderless Aden

The battles of recent months have reopened historic divisions between Yemen’s north and south, writes Yaroslav Trofimov.

Iran’s Khamenei Urges Lawmakers to Vote on Nuclear Deal

Iran’s Supreme Leader Ayatollah Ali Khamenei has urged the country’s parliament to vote on whether to implement a proposed nuclear deal with the U.S. and five other world powers.

NATO Opens Military Post in Lithuania

The North Atlantic Treaty Organization inaugurated a new command post in Vilnius Lithuania, one of six across the alliance’s eastern border meant to shore up the region’s defenses against Russia.

French Farmers Stage Paris Tractor Protest

Farmers converged on Paris, blocking streets in the east of the city with more than 1,000 tractors and gathering at the National Assembly to protest against high costs and low food prices.

Capital Account

For Russia, Oil Collapse Has Soviet Echoes

For most countries, the economic slowdown in China and the accompanying slump in commodity prices represent something between nuisance and pothole. For Russia, they are a catastrophe, writes Greg Ip. 93

Devaluation Strengthens China’s Hand at IMF

Beijing’s careful management of its currency since its devaluation last month is bolstering China’s bid to get the yuan included in the IMF’s basket of reserve currencies as soon as November.

Russia Says Economy Recovery Slow in Coming

The Russian government has acknowledged that the country’s economy is going to take longer to recover than it previously expected, weighed down by the slump in the value of the ruble.

Sweden Leaves Interest Rate Unchanged

Sweden’s central bank has left its main interest rate and bond-buying program unchanged, saying its existing policies were supporting the economy and would lead to inflation moving closer to its 2% target.

Inside Uber’s Fight With Its Chinese Nemesis

China’s multibillion-dollar ride-hailing market has erupted into a brawl between Uber and Beijing startup Didi Kuaidi.

Vivendi Chairman Ousts Longtime Chief of Canal Plus

French billionaire and Vivendi Chairman Vincent Bolloré has ousted the longtime chief of Canal Plus, further tightening his grip over the Vivendi-owned pay-TV group amid falling subscriber numbers.

Novartis to Begin Selling Copy of Amgen’s Neupogen in U.S.

Novartis said it will begin selling the first biosimilar drug in the U.S. after an appeals court denied Amgen’s request to block the Swiss drug maker’s sale of its copycat version of blockbuster remedy Neupogen.

Syngenta Moves to Calm Disappointed Shareholders

Syngenta moved to appease shareholders angered by its rejection of a takeover from Monsanto, saying it will divest its global vegetables seeds business and return more than $2 billion to shareholders.

Off Duty

Adventure & Travel

Not Far From Prague, a Czech Village Worth Rhapsodizing About

The frozen-in-time town of Český Krumlov has scenery and history—and beer—that keeps travelers coming back.

Markets

Krom River Closes Commodity Hedge Fund

Commodity hedge fund Krom River, which managed around $1 billion at its peak, is returning money to investors as it plans a shift in focus following a tough period for commodities funds.

Foreign Firms Feel China’s Chill

Market turmoil and Beijing’s crackdown on brokers and investors is complicating the plans of foreign funds and investment banks that had bet on bigger business in China.

Video

Migrant Crisis: The Schengen Agreement Explained

1:55

Chaos in Budapest Station As Migrants Rush Trains

2:13

Suicide Bombings at Yemen Mosque Kill at Least 22

1:20

20 Odd Questions

Manolo Blahnik on Old Films and Kate Moss

The shoe designer on what he’d blow his money on, the drama behind Kate Moss’s wedding shoes and exactly how he feels about fake Manolos.

A Modigliani Painting for $100 Million?

Christie’s International said it expects to ask roughly $100 million for a Modigliani nude that will be auctioned this fall, a bold reflection of how prices for blue-chip paintings have skyrocketed in recent seasons.

WSJ Blogs

Real-time commentary and analysis from The Wall Street Journal
Die Seite Drei
Schnelle Analysen und Beobachtungen zum Zeitgeschehen

Ben Bernanke – der große Kommunikator

Ben Bernanke hat die US-Zentralbank aus der kommunikativen Steinzeit geführt. Er hat regelmäßige Pressekonferenzen eingeführt und tritt im Fernsehen auf. Für die Federal Reserve war das früher undenkbar. Jetzt hat sich Bernanke sogar auf Twitter eingelassen. Die volle Wucht des Mediums hat er zwar noch gescheut, aber immerhin konnten bei einer Diskussionsrunde an der Uni Michigan Fragen eingereicht werden, die der wichtigste Währungshüter der Welt beantwortete. „Wir sind etwas altmodisch“, meinte er dazu lakonsich. „Aber wir kommen voran.“

Associated Press
US-Notenbankchef Ben Bernanke stand an der Uni Michigan Rede und Antwort – auch für Internet-Nutzer.

Bernanke hat damit innerhalb der verstaubten und geheimbündlerischen Welt der Notenbanker eine kleine Revolution eingeläutet, die dem professoral auftretenden 59-Jährigen so keiner zugetraut hatte. Er hat das Erbe einer Kaste ausgeschlagen, deren letzter dieser Art sein Vorgänger Alan Greenspan gewesen ist: Vieldeutige Orakel.

Greenspan verkündete seine Einfälle zur Geldpolitik, die ihm unter der Dusche gekommen waren, murmelnd, nuschelnd und am liebsten nichtssagend. „Ich sollte sie warnen – falls ich mich besonders klar ausgedrückt haben sollte, haben sie mich wahrscheinlich missverstanden“, ist sein bekanntestes Zitat. Gegen die Fed-Entscheidungen waren die Kommuniquees des Kremls zu Sowjetzeiten Offenbarungen einer klaren Sprache. Das kommunikationswissenschaftliche Axiom „Man kann nicht nicht kommunizieren“ schien für die Zentralbankwelt außer Kraft gesetzt.

Dem hat Bernanke ein Ende gesetzt. Er hat sich auch dafür stark gemacht, klare Zeiträume zu benennen, wie lange Zinsen niedrig bleiben und wie stark die Arbeitslosigkeit sinken soll. Ob er bald selbst in die Tasten hauen wird, um die Welt mit 140 Zeichen langen Nachrichten zu überraschen, steht aber noch in den Sternen. Das überlässt er anderen, die sich in Fake-Accounts über die 1-Billion-Dollar-Münze lustig machen oder Häme gegen den Bundesbankchef verteilen.

Am meisten, erklärte Bernanke, interessiere er sich unter den neuen Medien für Blogs über Baseball. Aber er scheint auch ab und zu in Foren über die Geldpolitik zu lesen. „Das Internet ist eine gute Plattform für den intellektuellen Austausch.“

Die Fed ist etwas altmodisch. Aber sie kommt voran.

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Die Seite Drei – Über uns

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The Wall Street Journal & Breaking News, Business, Financial and Economic News, World News and Video
Search

ECB Willing to Expand Stimulus Amid Growth Worry

ECB President Mario Draghi indicated that the bank stands ready to expand its stimulus programs and projected slower-than-expected economic growth in the eurozone, as well as lower inflation rates.

Stocks Rally on Hopes for More Stimulus

Global stocks rallied Thursday on signals of how central banks could contend with upheaval in financial markets.

Image of Syrian Boy Echoes Around World

Photos of a Syrian boy whose body washed ashore on a Turkish beach horrified people around the world as Europe’s migrant crisis escalates.

The 3-year-old was a Syrian Kurd whose family’s efforts to emigrate to Canada had been rebuffed, according to media and Kurdish activists. 258

Hungary’s Leader Says Migrant Crisis Is Germany’s Problem

Hundreds of migrants rushed trains at Hungary’s main station as Prime Minister Viktor Orban blamed Germany for Europe’s migration crisis and warned that border-free travel within the bloc is at risk. 103

Syrians Take Arctic Route to Europe

More than 150 refugees have entered Norway from Arctic Russia this year—a fraction of the estimated half-million people who have sought asylum in Europe, but the flow is quickening as Syrians share the tip for a cheaper and safer route.

Middle East Crossroads

Yemen’s Unity Frays in Leaderless Aden

The battles of recent months have reopened historic divisions between Yemen’s north and south, writes Yaroslav Trofimov.

Iran’s Khamenei Urges Lawmakers to Vote on Nuclear Deal

Iran’s Supreme Leader Ayatollah Ali Khamenei has urged the country’s parliament to vote on whether to implement a proposed nuclear deal with the U.S. and five other world powers.

NATO Opens Military Post in Lithuania

The North Atlantic Treaty Organization inaugurated a new command post in Vilnius Lithuania, one of six across the alliance’s eastern border meant to shore up the region’s defenses against Russia.

French Farmers Stage Paris Tractor Protest

Farmers converged on Paris, blocking streets in the east of the city with more than 1,000 tractors and gathering at the National Assembly to protest against high costs and low food prices.

Capital Account

For Russia, Oil Collapse Has Soviet Echoes

For most countries, the economic slowdown in China and the accompanying slump in commodity prices represent something between nuisance and pothole. For Russia, they are a catastrophe, writes Greg Ip. 93

Devaluation Strengthens China’s Hand at IMF

Beijing’s careful management of its currency since its devaluation last month is bolstering China’s bid to get the yuan included in the IMF’s basket of reserve currencies as soon as November.

Russia Says Economy Recovery Slow in Coming

The Russian government has acknowledged that the country’s economy is going to take longer to recover than it previously expected, weighed down by the slump in the value of the ruble.

Sweden Leaves Interest Rate Unchanged

Sweden’s central bank has left its main interest rate and bond-buying program unchanged, saying its existing policies were supporting the economy and would lead to inflation moving closer to its 2% target.

Inside Uber’s Fight With Its Chinese Nemesis

China’s multibillion-dollar ride-hailing market has erupted into a brawl between Uber and Beijing startup Didi Kuaidi.

Vivendi Chairman Ousts Longtime Chief of Canal Plus

French billionaire and Vivendi Chairman Vincent Bolloré has ousted the longtime chief of Canal Plus, further tightening his grip over the Vivendi-owned pay-TV group amid falling subscriber numbers.

Novartis to Begin Selling Copy of Amgen’s Neupogen in U.S.

Novartis said it will begin selling the first biosimilar drug in the U.S. after an appeals court denied Amgen’s request to block the Swiss drug maker’s sale of its copycat version of blockbuster remedy Neupogen.

Syngenta Moves to Calm Disappointed Shareholders

Syngenta moved to appease shareholders angered by its rejection of a takeover from Monsanto, saying it will divest its global vegetables seeds business and return more than $2 billion to shareholders.

Off Duty

Adventure & Travel

Not Far From Prague, a Czech Village Worth Rhapsodizing About

The frozen-in-time town of Český Krumlov has scenery and history—and beer—that keeps travelers coming back.

Markets

Krom River Closes Commodity Hedge Fund

Commodity hedge fund Krom River, which managed around $1 billion at its peak, is returning money to investors as it plans a shift in focus following a tough period for commodities funds.

Foreign Firms Feel China’s Chill

Market turmoil and Beijing’s crackdown on brokers and investors is complicating the plans of foreign funds and investment banks that had bet on bigger business in China.

Video

Armed Police Remove Migrants From Train in Hungary

0:53

Migrant Crisis: The Schengen Agreement Explained

1:55

Chaos in Budapest Station As Migrants Rush Trains

2:13

20 Odd Questions

Manolo Blahnik on Old Films and Kate Moss

The shoe designer on what he’d blow his money on, the drama behind Kate Moss’s wedding shoes and exactly how he feels about fake Manolos.

A Modigliani Painting for $100 Million?

Christie’s International said it expects to ask roughly $100 million for a Modigliani nude that will be auctioned this fall, a bold reflection of how prices for blue-chip paintings have skyrocketed in recent seasons.