March 18 — The Federal Reserve dropped an assurance it will be “patient” in raising interest rates, ending an era in its communications policy and opening the door for higher borrowing costs as early as June. Peter Cook reports on “Bottom Line.” – Bloomberg
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The European Central Bank has unleashed a landmark quantitative easing package to rid the eurozone of the threat of economic stagnation. The package could help the EU economy turn a corner, but some of the region’s national central banks could pay a high price as they try to buy €850bn-worth of government bonds.
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More than a million protesters took to Brazil’s streets on Sunday to call for the impeachment of President Dilma Rousseff over an alleged multibillion dollar corruption scandal at state oil company Petrobras, reports Samantha Pearson.
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Extracting crude from Canada’s oil sands is expensive to set up. Whether these operations will be mothballed with oil around $50 per barrel is another matter. Lex’s Oliver Ralph and Alan Livsey discuss the outlook for crude production.
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