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(单词翻译:双击或拖选)
The European Central Bank has announced a new stimulus1 package to boost economic growth in the euro zone. ECB President Mario Draghi cut the bank’s main interest rate to 0% for the first time. The bank will also increase its increasingly bond-buying program from 62 to 80 billion euro. The ECB went further than expected by investors2 but stocks were sold off after Mario Draghi indicated more rate cuts are unlikely.
Australian shares reverse course in afternoon trade led by banks. Slater and Gordon fell after losing its spot in the ASX 200. The All Ordinaries Index put on just over one quarter of 1%. The ASX 200 rose 16 points to 5166. Spot Gold gained to above 1270 US dollars an ounce. Branch Crude Oil increased in Asian trade, but Tapis fell. And the Australian dollar picked up to around 74.8 US cents on a higher Chinese Yuan.
The Samarco Iron Ore Mine at the center of last year’s disaster in Brazil could re-open later this year. Samarco’s chief executive expects to restart production at the mine by the start of the 4th quarter if approved by Brazilian authorities. Nineteen people were killed in a major river system pollute when a waste boost the mine last November. Samarco is owned by Valley and BHP Billiton. BHP says its mine will only restart when it’s safe to do so.
1 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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2 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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