Euro zone blue chips recorded their biggest two-day gain in over a year on Tuesday, boosted by the prospect of further stimulus from the European Central Bank. Photo: Bloomberg

Euro zone blue chips recorded their biggest two-day gain in over a year on Tuesday, boosted by the prospect of further stimulus from the European Cent(...)

European policy makers “are doing everything they can to stop recovery taking off, so they should not be surprised if there is in fact no take-off. It is balanced-budget fundamentalism, and it has become religious”.

John Maynard Keynes famously argued that politicians and policy makers are often “slaves to some defunct economist”. I think he was only partially cor(...)

Mario Draghi, president of the European Central Bank: pointed out in the past the difficulties that arise even if his colleagues on the ECB council were swayed by the idea of quantitative easing. Photographer: Martin Leissl/Bloomberg

It was a slow day on the markets yesterday, with little driving share values other than speculation about whether the European Central Bank might at l(...)

For the second time in four months French President François Hollande has reshuffled his Socialist government, this time in response to a cabinet spli(...)

Arnaud Montebourg: said France “must raise its voice” with Germany. Photograph: EPA/Etienne Laurent

President Francois Hollande was yesterday plunged into the greatest political crisis of his presidency when the French government collapsed followin(...)

German Chancellor Angela Merkel (L) sits in the ‘Haupstadtstudio’ of German television station ARD. Data released this morning shows that German business confidence declined for a fourth month in August, reflecting a faltering euro-area economy that European Central Bank President Mario Draghi says might need more stimulus. Photograph: STEPHANIE PILICK/EPA

German business confidence declined for a fourth month, reflecting a faltering euro-area economy that European Central Bank President Mario Draghi say(...)

Janet Yellen, chair of the US Federal Reserve, left, speaks with Mario Draghi, president of the European Central Bank, during the Jackson Hole economic symposium, sponsored by the Kansas City Federal Reserve Bank, at the Jackson Lake Lodge in Moran, Wyoming, last week. Yellen said “the labor market has yet to fully recover,” in a speech today at the Kansas City Fed’s annual conference. Photograph: Bradly Boner/Bloomberg

Asian stocks rose, extending two- week of gains, as investors weighed comments from central bank leaders for clues to monetary policy and earnings rep(...)

US Federal Reserve chairwoman Janet Yellen with European Central Bank president  Mario Draghi at Jackson Hole. Photograph: Bradly Boner/Bloomberg

The world’s central bankers gathered at Jackson Hole last week in the great annual corroboree of the monetary policy clan. Yet while tribal loyalty(...)

Mount Moran in Grand Teton National Park seen through a window at the Jackson Hole economic symposium in Wyoming. Photograph: Bloomberg

The annual August summits of the world’s top central bankers in Jackson Hole, Wyoming, have a dramatic mountain backdrop, but the conference titles ar(...)

BHP Billiton lost 3.9% after yesterday announcing it’s poised for the biggest spinoff in the mining industry, separating aluminum, coal and silver assets to create a company valued around $15 billion after it begins trading next year. BHP’s London-listed shares fell the most in almost three years. Photograph: Carla Gottgens/Bloomberg

Asian stocks fell after valuations reached the highest level this year and as BHP Billiton (BHP) slumped, dragging materials shares to the largest de(...)