Tag: European Central Bank

• Tuesday, May 19th 2020 - 08:03 UTC

  France and Germany confirm alliance and propose 500 bn Euro recovery fund for Europe

  

  France and Germany proposed on Monday a 500-billion-euro (US$545-billion) fund to finance the recovery of the European Union's economy from the devastation wrought by the coronavirus crisis.

• Wednesday, February 12th 2020 - 07:43 UTC

  World's largest oil traders investing in climate friendly projects, but profits remain a big question mark

  

  The world's largest oil traders are pouring hundreds of millions of dollars into climate-friendly projects: including wind farms, cow manure plants, and blue hydrogen: as they seek to match the profits they make from trading oil.

• Thursday, October 31st 2019 - 08:51 UTC

  New ECB chief calls on budget surplus countries to spend more and help prop growth

  

  Incoming European Central Bank chief Christine Lagarde on Wednesday took aim at Germany and other thrifty Eurozone members running budgetary surpluses, saying they should increase their spending to shore up slowing growth.

• Friday, October 25th 2019 - 09:40 UTC

  Draghi steps down, but the debate on soft money and how to prop the Euro-zone economy remains unchanged

  

  Departing European Central Bank president Mario Draghi said on Thursday the proudest legacy from his eight-year term was the ability to “never give up” in the face of economic crises, internal dissent, and external criticism.

• Saturday, September 14th 2019 - 21:56 UTC

  ECB slashes rates to its lowest and introduces quantitative easing to stimulate the European economy

  

  The European Central Bank announced a sweeping round of stimulus for the continent's slowing economy, cutting interest rates to their lowest ever level and introducing a round of quantitative easing.

• Tuesday, September 10th 2019 - 09:16 UTC

  Another lady, Kristalina Georgieva, will become the IMF managing director

  

  The top executive at the World Bank, Kristalina Georgieva of Bulgaria, now faces no opposition in her candidacy to lead the International Monetary Fund, the fund announced on Monday.

• Wednesday, July 3rd 2019 - 09:38 UTC

  Lagarde's departure thrusts the IMF into an unanticipated search for a new leader

  

  The nomination of Christine Lagarde as European Central Bank president on Tuesday has thrust the International Monetary Fund into an early, unanticipated search for a new leader amid a raging trade war that has darkened the outlook for global growth.

• Friday, June 21st 2019 - 18:40 UTC

  EU leaders' summit can't agree on the block's top jobs

  

  The summit of 28 European Union leaders has ended without an agreement on who should take on the bloc's top jobs. The talks, held in Brussels, continued until the early hours of Friday morning without candidates being finalized.

• Wednesday, June 19th 2019 - 09:57 UTC

  Latam stocks and currencies surged on Tuesday on favorable global news

  

  Latin American stocks and currencies surged on Tuesday with a dovish boost from the European Central Bank and positive headlines from the U.S.-China trade tensions boosting sentiment.

• Friday, March 8th 2019 - 09:05 UTC

  China's exports tumble 21% during February, largest decline since 2016

  

  China's exports tumbled the most in three years in February while imports fell for a third straight month, pointing to a further slowdown in the economy despite a spate of support measures.