ECB Must Decide QE Path in December, Says Owen
The euro fell to its lowest since March after Mario Draghi signaled Thursday quantitative easing won’t come to an “abrupt” end. The single currency headed for a third weekly loss after the European Central Bank president said neither tapering nor an extension of bond-buying stimulus was discussed at a monetary meeting that ended that day. That leaves traders waiting until at least December for news about policy changes. Only the Canadian dollar has fallen more this week among major currencies. Jefferies International Chief Euro Economist David Owen discusses with Anna Edwards on "Bloomberg Daybreak: Europe."
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Toshiba's Board Agrees to Sell Chip Unit for $18 Billion
07:52 - Toshiba's board agreed to sell its flash memory chip unit to a group led by Bain Capital for 2 trillion yen ($18 billion), taking an important step toward ending a contentious bidding process that has stretched over eight months. Bloomberg's Peter Elstrom reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)