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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.
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.

France responds to Facebook’s Libra with new cryptocurrency task force

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.
Dollar

Stocks, currencies firm up ahead of US Fed outcome

Emerging market stocks rose on Wednesday while developing world currencies broadly firmed against the dollar as investors counted on the U.S. Federal Reserve’s outlook later today to match their expectations of lowering U.S. borrowing costs.
Dollar

Dollar heads toward three-month low

The dollar weakened against its rivals on Tuesday, heading back toward a recent three-month low before a U.S. Central Bank meeting gets underway with expectations growing the Fed will signal its first rate cut in a decade.
Spanish Prime Minister Pedro Sanchez applauds at the end of a campaign rally in Barcelona on May 23, 2019 ahead of EU elections. (Photo by LLUIS GENE - AFP)

Spain prime minister faces ‘second round’ in European polls

Spain votes in local, regional and European Parliament elections on Sunday which will influence acting Prime Minister Pedro Sanchez’s talks to form a new government.
Dollar

Dollar edges up as more central banks turn dovish

The dollar edged up on Thursday as many of its peers weakened after more central banks shifted to dovish policy stances amid a deteriorating global economic outlook.

Growth worries boost dollar amid sluggish pound sterling ahead of Brexit vote

The dollar witnessed a slight boost on Monday, hovering close to a near three-month high as investors continued to favour the greenback amid global growth concerns.
A pedestrian walks past a stock indicator showing share prices of the Tokyo Stock Exchange in Tokyo on August 14, 2018.Tokyo’s benchmark Nikkei index surged more than 2.2 percent August 14, swiftly recovering from the previous day’s losses, with investors encouraged by an apparent hiatus in the Turkey lira crisis. / AFP PHOTO / Kazuhiro NOGI

Asian shares struggle after US payrolls shock

Asian shares struggled for traction on Monday after U.S. employment data raised doubts about the strength of the global economy, while investor jitters ahead of crucial Brexit votes in the UK parliament this week weighed on the pound.

Oil prices slide as economic outlook darkens, US supply surges

Oil prices dropped on Friday as clouds gathered over the global economy after the European Central Bank (ECB) warned overnight of continued weakness and fresh data showed Chinese exports and imports slumped last month.
Canadian 100 Dollar Bill

Euro, Canadian dollar fall before central bank meeting

The euro fell towards a one-week low on Tuesday as the dollar gained broadly and investors began pricing in more caution from the European Central Bank at its meeting on Thursday.
Dollar

Dollar weakens as trade deal hopes buoy riskier assets

The dollar fell versus a basket of its peers on Monday as rising expectations of a U.S.-Sino trade deal led investors to shift away from the safety of the greenback into riskier assets.

Dollar appreciates after IMF cuts growth forecasts

The dollar held at a near three-week high on Tuesday as investors sought the relative safety of the U.S. currency after the International Monetary Fund cut its forecasts for the world economy in 2019 and 2020.
Dollar

Dollar drifts in year-end trade as clouds gather

The dollar was broadly steady in thin year-end trading on Monday with the Australian dollar leading gainers as tensions over a trade dispute between the United States and China faded on expectations of progress in trade talks.

Yen strengthens as Asia steers from risk

The Japanese yen strengthened versus the U.S. dollar on Friday as appetite for riskier assets remained suppressed.
(FILES) In this file photo taken on November 9, 2017 shows US President Donald Trump (L) and China's President Xi Jinping leaving a business leaders event at the Great Hall of the People in Beijing. President Donald Trump on September 18, 2018 accused China of seeking to influence upcoming US elections by taking aim at his political support base in the countries' escalating trade war. "China has openly stated that they are actively trying to impact and change our election by attacking our farmers, ranchers and industrial workers because of their loyalty to me," Trump tweeted.Trump's comments came a day after he targeted another $200 billion in Chinese imports with tariffs starting next week, drawing an immediate vow of retaliation from Beijing. / AFP PHOTO / Nicolas ASFOURI

ECB: Why US will lose more from trade war with China

The United States would have most to lose if it started a trade war with other countries, while China would be better off after retaliating, a simulation by the European Central Bank showed on Wednesday.

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The Buhari Media Organisation (BMO) has advised former Vice President Atiku Abubakar and the Peoples’ Democratic Party (PDP) presidential candidate in the Feb. 23 election to come to terms with his loss at the election.

Tribunal: Witness faults results of presidential election claimed by Atiku Ababakar, PDP

A witness invited by the petitioners before the Presidential Election Petition Tribunal (PEPT) has disagreed with the results of the last presidential election in Katsina State as claimed by the Peoples Democratic Party (PDP) and its candidate in the last presidential election, Atiku Abubakar.
Barcelona have agreed to sell left-back Marc Cucurella to Getafe just a day after they brought him back from Eibar.

Barcelona sell Marc Cucurella to Getafe just hours after re-signing him from Eibar

Barcelona have agreed to sell left-back Marc Cucurella to Getafe just a day after they brought him back from Eibar.
Nasir El-Rufai

Governor El-Rufai seeks assembly’s approval of N81.68 billion supplementary budget

The Kaduna State House of Assembly has began deliberations on the N81.68 billion supplementary budget forwarded to it by Gov. Nasiru El-Rufai.

Operation Lafiya Dole gets new commander as Naf redeploys senior officers in fresh shakeup

The Nigerian Air Force (NAF) has appointed new Branch Chiefs, redeployed two Air Officers Commanding (AOCs) and other senior officers.

Joaquin ‘El Chapo’ Guzman sentenced to life in prison

The Mexican drug kingpin Joaquin “El Chapo” Guzman has been sentenced to life behind bars in a U.S. prison, a humbling end for a drug lord once notorious for his ability to kill, bribe or tunnel his way out of trouble.