Trends - Christine Lagarde - Business Recorder

Christine Lagarde

Worsening pandemic poses 'serious risks', ECB's Lagarde warns

Lagarde said the ECB's forecasts "remain valid" for now, as they took into account lockdowns persisting through the first quarter coupled with a gradual start to vaccinations.

Published 21 Jan, 2021 08:56pm

Markets

ECB to hold course as virus clouds outlook

At Thursday's press conference, former French finance minister Lagarde is likely to also be quizzed about the recent strength of the euro against the dollar.

Published 18 Jan, 2021 12:45pm

Markets

ECB's Lagarde calls for regulating Bitcoin's ‘funny business’

Lagarde did not provide specific examples of money laundering cases but said she understood there had been criminal investigations into illegal activity. She did not elaborate.

Published 14 Jan, 2021 01:11pm

Markets

Most markets rise in Asia with Biden stimulus plan in focus

Tech giants Alibaba and Tencent surged in Hong Kong after a report that the US will not bar Americans from investing in them, as it has done for other firms over national security concerns.

Published 14 Jan, 2021 09:38am

Business & Finance

Italian government bond yields fall amid political uncertainty

Other European government bond yields were also lower, but the drop was more moderate, with peripheral countries roughly in line with the core, tracking U.S. Treasuries.

Published 14 Jan, 2021 12:38am

World

ECB's Lagarde confident on outlook despite virus surge

The ECB in December forecast economic growth in the 19-nation euro area at 3.9 percent in 2021.

Published 13 Jan, 2021 08:04pm

World

Digital euro could happen 'within five years': Lagarde

Lagarde set a similar timeframe to China which launched a pilot scheme in 2020 and is edging closer to launching the world's first sovereign digital currency.

Published 13 Jan, 2021 07:25pm

Business & Finance

ECB's Lagarde pushes back on gloomy forecasts, sticks to recovery outlook

Lagarde says ECB's economic projections still valid.
Projections based on lockdowns ending after Q1.
ECB "very attentive" to exchange rate movements.
Review conclusions, new inflation target to be communicated in one package.

Published 13 Jan, 2021 06:16pm

Markets

ECB's Lagarde calls for regulating Bitcoin's ‘funny business’

Bitcoin has come out of its niche in recent years and is now bought by ordinary people, investment funds and even large corporations.
(Bitcoin) is a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity,

Published 13 Jan, 2021 06:11pm

Business & Finance

ECB injects more stimulus to fight second virus wave

Lagarde had in October all but promised that extra monetary support was under way, and the newest moves fell within market expectations.

Published 11 Dec, 2020 02:15am

Business & Finance

ECB to monitor euro appreciation 'very carefully'

The ECB has so far said simply that it would monitor developments in the exchange rate as the euro scaled new 2-1/2 year highs against the U.S. dollar at $1.2177.

Published 10 Dec, 2020 07:08pm

Business & Finance

ECB set to boost stimulus to fight second wave of virus: analysts

Nevertheless, ING bank economist, Carsten Brzeski, believed that any new stimulus measures would mark the ECB's "final move" in pandemic support.

Published 10 Dec, 2020 12:01pm

Business & Finance

Has the ECB made the wealth gap wider?

When it buys debt from financial institutions on secondary markets, i.e. after the debt has already been issued, the ECB and other central banks effectively lower the rate of interest that countries and companies must offer to obtain funds.

Published 06 Dec, 2020 05:47pm

World

ECB's Lagarde sees 'unsteady' recovery despite vaccine hope

The strength of the rebound in the third quarter "suggests that the initial policy response was effective", she added.

Published 11 Nov, 2020 07:31pm

Markets

ECB's Lagarde urges 'no complacency' in virus fightback

Eurozone inflation turned negative in August for the first time in four years at -0.2. percent.

Published 13 Sep, 2020 06:45pm

Markets

ECB's Lagarde says bank watching euro closely

Policy unchanged.
ECB closely watching euro.
Growth momentum fading, but no new stimulus.
Inflation forecast for this year maintained.

Published 10 Sep, 2020 07:26pm

ECB's Lagarde lauds EU for 'stepping up' with recovery plan

After four days and four nights of wrangling, European Union leaders sealed the deal on a 750-billion-euro ($858 billion) rescue package that will consist of loans and grants for the hardest-hit member states.

Published 21 Jul, 2020 07:29pm

Business & Finance

Lagarde says ECB expects more grants than loans in EU recovery fund

Leaders of the 27 EU states are due to meet on Friday to try to hammer out their differences over how the 750 billion euro recovery fund will operate.
"Our assumption... is that the recovery fund ... will come about and will be a strong mixture of grants on the one hand in larger proportion than loans on the other

Published 16 Jul, 2020 08:18pm

Business & Finance

Eurozone inflation 0.3pc in 2020, 1.3pc by 2022: ECB

Thursday's projections are well below those unveiled in March, when the ECB predicted inflation of 1.1, 1.4 and 1.6 percent for 2020-2022.

Published 04 Jun, 2020 08:09pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 19	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Christine Lagarde

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