Tag: European Central Bank

• 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.

• Friday, December 14th 2018 - 09:03 UTC

  ECB confirms it's ending the massive bond-buying scheme

  

  The European Central Bank has confirmed it is ending its huge net asset purchase program to stimulate the Eurozone economy this month. The ECB has stopped its bond-buying scheme, worth €30bn a month, despite a recent slowdown in the bloc's recovery.

• Saturday, September 22nd 2018 - 07:08 UTC

  Trichet: Brexit will hit harder the UK than the EU, and “it is totally contrary to the new world”

  

  Brexit will have a bigger economic impact on the UK than the European Union, the former head of the European Central Bank has told BBC Radio 5 Live. Jean-Claude Trichet added the break-up was “totally contrary to the new world” of large emerging economies, with single currencies and single markets.

• Friday, September 14th 2018 - 08:37 UTC

  BoE and European central bank keep rates unchanged; Turkey hikes 625 points to 24%

  

  Stocks in Europe reversed earlier gains by Thursday's close to finish lower, as investors digested fresh news out of the central banking sphere. The pan-European STOXX 600 closed down 0.15%, with the majority of sectors falling into negative territory. The U.K.'s FTSE 100 slipped 0.43% by the close, while France's CAC 40 ended a touch lower, off 0.08%, and Germany's DAX rose 0.19%.