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World Business Report

BBC World Service

Business, Business News, News & Politics

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Business News 40

The latest business and finance news from around the world from the BBC

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WBR: EU lawyer approves ECB bond-buying 14 Jan 15

January 14th, 2015

Episode 167 of 900 episodes

A top EU lawyer says bond buying by the European Central Bank could be legal. We hear from Berlin-based lawyer Markus Kerber, who in 2011 tried and failed to get the bailouts of Greece, Ireland and Portugal declared illegal. As the cost of oil falls yet again, British maritime expert Simon Toyne tells us how millions of barrels are set to be stored on the high seas, waiting for an oil price recovery. And we have analysis from US economist Dr Irwin Stelzer. Also Golda Arthur reports on new ways of making money out of food in New York. And is free trade in China really as free as the authorities there would want the world to believe? Beijing-based business consultant Duncan Clark tells us more.

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