Beny Steinmetz’s BSG Takes Aim at Distressed Europe Shops

Scheduled to launch today, a $2 billion dollar fund to buy distressed European properties by Beny Steinmetz (BSG)is all in the news. The Israeli billionaire’s new venture will reportedly be aimed at leveraging low prices across Europe’s beleaguered property sector.

ECB Decision or Non-decision: On the Economic World’s Mind Now [Live Video Update]

Live update: Watch a press conference with ECB President Mario Draghi now. At midday, Reuters reports EU and global stocks edging up in anticipation of an upcoming ECB Meeting. In about an hour the bank is expected to announce several key decisions impacting other world markets.

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