GLOBAL MARKETS-Stocks rally after Draghi comments; euro falls NEW YORK, Sept 3- The euro fell on Thursday on a darkening euro zone outlook, while global stock markets rallied as the European Central Bank chief pledged to beef up or prolong the bank's economic stimulus if necessary. ECB President Mario Draghi's comments on the bank's bond-buying program came as the ECB cut its inflation and growth forecasts for the euro zone,...
| By: Caroline Valetkevitch
ECB's Draghi pledges more QE if needed The European Central Bank (ECB) downgraded its inflation forecast and President Mario Draghi left room to extend and expand its bond buying program as the heightened market volatility seen over the summer have upped the risks to the euro zone's growth outlook.
| By: Jenny Cosgrave
More QE to come from Draghi? There are economists out there who are waiting for more monetary easing from the ECB.
| By: Carolin Roth
UPDATE 2-Pernod hit by Absolut charge, cautious on China PARIS, Aug 27- Pernod Ricard delivered full-year profit below expectations on Thursday, sending its shares down 5 percent as a writedown on its flagship Absolut vodka brand highlighted difficulties in its U.S. market. The world's second-biggest spirits group behind Britain's Diageo also poured cold water on recent hopes of an improvement in China, pointing...
| By: Dominique Vidalon and Matthieu Protard
ANALYSIS-"Bad bank" path worn by Ireland and Spain looks steep for Greece *Greece must find way to deal with 100 bln eur of problem loans. *Full-scale bad banks in Ireland, Spain deemed successful. LONDON, Aug 26- Greece is under growing pressure to take care of banks' problem loans so they are free to lend again, but the depth and complexity of its crisis will make it tough to replicate the comprehensive "bad bank" models set up in Ireland and...
| By: Steve Slater