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European Central Bank

ECB chief tells Europe to ‘innovate and invest’

Christine Lagarde on Friday urged European countries to “innovate and invest” more to support growth at a time of global uncertainty, in her first major policy speech as president of the European Central Bank.

ECB President Christine Lagarde resumes office

A new era was beginning at the European Central Bank (ECB) on Friday as Christine Lagarde takes over from Mario Draghi at the head of the central bank managing the euro, the currency of the 19-member eurozone.
Former IMF chief Christine Lagarde said President Donald Trump’s trade offensive against China could slash global economic growth and she critiqued his Twitter habits in an interview with US television program 60 Minutes.

Former IMF chief takes swipe at Donald Trump’s Twitter habits

Former IMF chief Christine Lagarde said President Donald Trump’s trade offensive against China could slash global economic growth and she critiqued his Twitter habits in an interview with US television program 60 Minutes.

EU confirms Christine Lagarde as next ECB president

European Union (EU) leaders have confirmed the appointment of France’s Christine Lagarde as the next head of the European Central Bank, thus removing the final hurdle between her and the powerful post.
Olaf Scholz

German finance minister presses for woman on ECB board

German Finance Minister, Olaf Scholz, on Wednesday, said a woman should again be appointed to the executive board of the European Central Bank (ECB) following the surprise resignation of the German representative.
Dollar

US-China trade optimism lifts stocks, dollar shrugs

Positive noises from China on U.S. trade talks lifted European stocks on Thursday and snuffed out a modest rally in safe-haven assets that had dominated in Asia.

IMF remove age barrier to position of managing director

The International Monetary Fund (IMF) has approved the removal of the age limit for the position of IMF managing director, paving the way for Kristalina Georgieva to head the multilateral lender.
Dollar

Dollar, yen fall as global tensions ease, pound rallies

The safe-haven dollar and yen fell on Wednesday after global political worries eased with what markets perceived as positive news in Hong Kong, Italy and Britain.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.

Facebook’s Libra currency ‘could undermine ECB’ – official

Widespread adoption of Facebook’s proposed “Libra” cryptocurrency could harm the European Central Bank’s ability to manage the eurozone economy and threaten the euro itself, a top official said Monday.
A European Central Bank official has revealed that about 1.3 trillion euros ($1.44 trillion) worth of assets will be moved from London to the eurozone due to Brexit, according to document.

Brexit: Banks to move €1.3 trillion assets to eurozone – ECB

A European Central Bank official has revealed that about 1.3 trillion euros ($1.44 trillion) worth of assets will be moved from London to the eurozone due to Brexit, according to document.

White House says ‘no recession in sight’ despite market turmoil

White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States.

IMF executive board begins selection process for next managing director

The Executive Board of the International Monetary Fund (IMF) has adopted an open, merit-based, and transparent process for the selection of the next managing director, the organisation has said.
A pedestrian walks past a stock indicator board for the Tokyo Stock Exchange being displayed in a window of a securities company in Tokyo on October 1, 2018. - Japanese shares powered to a new 27-year high on October 1 after the US and Canada clinched a long-awaited trade deal, but other Asian equity markets struggled in subdued holiday trading. (Photo by Martin BUREAU / AFP)

Asian markets tank, oil prices rise ahead of US rate cut

Asian markets were in retreat Monday on dimming hopes for a deep interest rate cut by the US Federal Reserve, but all the firms on a new tech-focused board in China rallied on its opening day.

France to lead EU talks on new IMF chief

French Economy Minister, Bruno Le-Maire, will lead informal talks to produce a European candidate to head the International Monetary Fund (IMF), a European official at G7 talks near Paris said on Thursday.

Christine Lagarde resigns as IMF chief

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, announced in a statement on Tuesday that she had submitted her resignation from the IMF and it will go into effect in September.

Official: EU working to replace Christine Lagarde at IMF

The EU wants to have an agreed European candidate to replace Christine Lagarde at the helm of the International Monetary Fund (IMF), a senior EU official on Monday said.
French President Emmanuel Macron delivers his speech to honor Japan’s architect Arata Isozaki at the Elysee Palace in Paris on May 24, 2019. Isozaki is the laureate of the 2019 Pritzker architecture prize.-br --Francois Mori - POOL - AP - AFP

France sets up task force to deal with Facebook’s cryptocurrency

France is creating a G7 task force to ensure that transnational crypto currencies like Facebook’s Libra are regulated to protect the economy and the consumer.
An employee shows US dollar banknotes at a foreign currency brokerage office in Khartoum on October 7, 2018. - Sudan slashed the official value of its currency against the US dollar by more than half on October 7, the third devaluation this year in the face of a mounting economic crisis. (Photo by ASHRAF SHAZLY / AFP)

Dollar struggles after biggest weekly drop in four months

The dollar was on the back foot on Monday after sustaining its biggest weekly drop in four months last week as traders remained cautious about the prospects of trade talks between the United States and China at this week’s G20 summit.

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