Christine Lagarde says ECB very close to reaching its inflation goal, FT reports European Central Bank (ECB) President Christine Lagarde said the euro zone was getting “very close” to reaching the... Published 23 Dec, 2024 11:46am
Business & Finance Brace! Risks stack up for the global economy in 2025 No sooner had the global economy started to put the aftermath of the COVID-19 pandemic behind it than a whole new... Published 23 Dec, 2024 11:34am
World Trump, not yet in office, already a figure in global economic policy WASHINGTON: The world’s economic reckoning with the incoming administration of U.S. President-elect Donald Trump... Published 19 Dec, 2024 08:23am
Business & Finance ECB’s Lagarde flags more rate cuts if inflation continues to ease FRANKFURT: The European Central Bank will cut interest rates further if inflation continues to ease towards its 2%... Published 16 Dec, 2024 01:51pm
Markets Euro wobbles, South Korean won steady as political turmoil checks sentiment SINGAPORE: The euro was subdued on Thursday after the widely expected collapse of the French government, stoking... Published 05 Dec, 2024 09:59am
Business & Finance ECB’s Lagarde says trade war in ‘nobody’s interest’, FT reports European Central Bank President Christine Lagarde told the Financial Times that a trade war at large would be a “net... Published 28 Nov, 2024 11:39am
Business & Finance Europe needs bigger banks to compete with US, Chinese rivals: Lagarde FRANKFURT: Europe needs bigger and stronger banks that can compete with their US and Chinese rivals, European ... Updated 07 Oct, 2024 08:05am
Markets European shares end marginally lower PARIS: European shares ended lower on Thursday as a continued selloff of chip stocks kept a lid on gains brought on... Published 19 Jul, 2024 06:58am
Business & Finance ECB keeps rates unchanged FRANKFURT: The European Central Bank kept interest rates unchanged as expected on Thursday, with its president... Published 19 Jul, 2024 06:58am
Markets Euro lower after ECB stands pat NEW YORK: The euro was lower on Thursday after the European Central Bank (ECB) held rates steady as was widely... Published 19 Jul, 2024 06:11am
Business & Finance ECB eyes summer pause on bumpy road to disinflation FRANKFURT: European Central Bank policymakers are expected to leave borrowing costs on hold Thursday, buying time to... Published 18 Jul, 2024 10:11am
Markets Sterling dented by one-two punch from dollar and euro LONDON: The pound neared its lowest in almost two months against a robust dollar on Tuesday, as the US currency got... Published 02 Jul, 2024 02:18pm
World ECB cuts rates even as inflation fight goes on FRANKFURT: The European Central Bank went ahead with its first interest rate cut since 2019 on Thursday, citing... Published 07 Jun, 2024 06:24am
Markets Oil slips for third day on likely ‘higher for longer’ US rates LONDON: Oil prices fell on Wednesday, retreating for a third straight day on expectations that the Federal Reserve... Updated 22 May, 2024 05:37pm
Business & Finance ECB cannot commit to rate path even after first cut, Lagarde says FRANKFURT: The European Central Bank cannot commit to a pre-set number of interest rate cuts even after it starts... Published 20 Mar, 2024 04:56pm
Markets Yen sinks as currency traders keep short and carry on SINGAPORE: The yen sagged to fresh lows on the euro, sterling and other crosses this week and headed for a fourth... Published 23 Feb, 2024 08:55am
Markets ECB’s Lagarde hopes to join economists’ ‘tribe’ she criticised FRANKFURT: European Central Bank Christine Lagarde said on Thursday she hoped to join the “tribe” of professional... Published 15 Feb, 2024 05:14pm
Business & Finance Economists pilloried for getting forecasts wrong PARIS: Economists are taking flak after missing the mark on inflation, failing to anticipate disruptions in global... Updated 04 Feb, 2024 10:10pm
Business & Finance US dollar up slightly after GDP data NEW YORK: The US dollar edged higher on Thursday after data showed the world’s largest economy grew at a faster... Published 26 Jan, 2024 04:58am
Business & Finance US dollar little changed ahead of BOJ, ECB meetings NEW YORK: The US dollar was little changed to slightly lower against a basket of currencies on Monday ahead of... Published 23 Jan, 2024 05:14am
Markets European shares slide more than 1pc on hawkish ECB remarks PARIS: European shares declined on Wednesday as more hawkish remarks from European Central Bank (ECB) officials... Published 18 Jan, 2024 05:54am
Business & Finance ECB’s Lagarde says summer rate cut ‘likely’ DAVOS: The European Central Bank could start cutting interest rates this summer, president Christine Lagarde said... Published 17 Jan, 2024 05:09pm
Markets European shares advance amid increasing rate cut hopes PARIS: European shares ended higher on Friday as bond yields fell after soft US data spurred hopes of early interest... Published 13 Jan, 2024 05:38am
Business & Finance ECB chief Lagarde admits her son lost crypto cash FRANKFURT: No one is a prophet in their own land, including European Central Bank President Christine Lagarde, who... Published 24 Nov, 2023 05:53pm
Markets European shares at two-month high PARIS: European shares hit a two-month high on Wednesday, led by rate-sensitive real estate stocks, while British... Published 23 Nov, 2023 03:19am
Business & Finance Lagarde warns against premature inflation celebration FRANKFURT: The European Central Bank has time now to assess how inflation unfolds after a record string of rate ... Published 22 Nov, 2023 05:48am
Markets ECB’s Lagarde: confident over 2% inflation target and Europe’s winter gas situation PARIS: European Central Bank President Christine Lagarde said in an interview published on Sunday that she was... Updated 08 Oct, 2023 01:28pm
Business & Finance Global economic transformation risks fuelling inflation: Lagarde JACKSON HOLE (Wyoming): Profound changes in how the global economy operates, from increased protectionism to energy... Published 28 Aug, 2023 06:27am
Opinion ‘Interest hammer’ This is apropos a Business Recorder front page photograph titled “Interest hammer’ carried by the newspaper... Published 29 Jul, 2023 05:28am
Markets Oil prices steady near 3-month highs LONDON: Oil prices were steady on Tuesday, hovering near three-month highs as signs of tighter supplies and pledges... Updated 25 Jul, 2023 05:30pm