2023 economy will be ‘a lot better than feared’: Lagarde DAVOS: The eurozone economy will fare “a lot better” this year than initially feared, European Central Bank chief... Published 19 Jan, 2023 05:40pm
Markets European shares start 2023 on upbeat note on encouraging factory data PARIS: European shares rose in the first trading session of 2023 on Monday as euro zone manufacturing data suggested... Published 03 Jan, 2023 03:25am
Business & Finance ECB must stop quick wage growth from fuelling inflation, Lagarde says FRANKFURT: Euro zone wages are growing quicker than earlier thought and the European Central Bank must prevent this... Published 31 Dec, 2022 12:39pm
Business & Finance Euro spikes, then drops after hawkish ECB NEW YORK: The euro fell on Thursday as investors took profits from a brief surge in the currency after European... Published 16 Dec, 2022 05:58am
Business & Finance ‘The worst is yet to come’: the curse of high inflation NEW YORK: Globally, people are experiencing inflation at levels not seen for decades as prices surge for essentials... Published 09 Dec, 2022 05:58am
Opinion World economy faces more pain in 2023 after a gloomy year This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was... Published 08 Dec, 2022 06:29am
Business & Finance Eurozone inflation falls for first time in 17 months BRUSSELS: The eurozone annual inflation rate fell for the first time in 17 months in November as it slowed to 10... Published 01 Dec, 2022 07:08am
World Greener economies can reduce energy price ‘spikes’, says Lagarde FRANKFURT: Speeding up the transition to renewable energy can limit the chances of painfully sharp price increases,... Published 07 Nov, 2022 05:17pm
World ‘Mild recession’ not enough to fight inflation: Lagarde FRANKFURT: European Central Bank president Christine Lagarde said Thursday that a “mild” eurozone recession was... Published 03 Nov, 2022 06:47pm
Markets ECB can’t just mirror Fed moves, Lagarde says FRANKFURT: The European Central Bank must be attentive to policy decisions by the US Federal Reserve, which... Published 03 Nov, 2022 03:18pm
Business & Finance ECB raises interest rates again, cuts bank subsidies FRANKFURT: The European Central Bank raised interest rates again on Thursday and put the reduction of its bloated... Published 28 Oct, 2022 05:58am
Business & Finance Euro falls against the dollar after ECB rate hike, US data NEW YORK: The euro briefly fell back below parity with the dollar on Thursday after the European Central Bank (ECB)... Published 28 Oct, 2022 05:58am
World ECB warns of ‘looming recession’ as it again hikes rates FRANKFURT: The European Central Bank announced another jumbo interest rate hike on Thursday and said further... Updated 27 Oct, 2022 07:25pm
Business & Finance ECB to keep hiking rates even as growth slows: Lagarde FRANKFURT: The European Central Bank expects to keep hiking interest rates to combat soaring inflation, its... Published 26 Sep, 2022 08:19pm
Markets ECB’s Lagarde says price stability priority before growth PARIS: The European Central Bank’s action may weigh on growth but price stability is the main priority, President... Published 16 Sep, 2022 02:55pm
Markets ECB’s Lagarde: climate change has clear impact on inflation BERLIN: The European Central Bank needs to take climate change into account when making decisions as it has a clear... Published 25 Aug, 2022 11:53am
Business & Finance Euro strengthens after ECB hikes faster than flagged NEW YORK: The euro rose against the U.S. dollar in a choppy session on Thursday, after the European Central Bank... Published 25 Jul, 2022 06:12am
Print ECB surprises with aggressive rate hike, first since 2011 FRANKFURT: The European Central Bank raised interest rates by more than expected on Thursday as concerns about... Published 22 Jul, 2022 06:07am
World Hackers posing as Merkel target ECB’s Lagarde FRANKFURT: Unidentified hackers attempted to trick European Central Bank President Christine Lagarde into letting... Published 13 Jul, 2022 05:48am
Business & Finance ECB vows to counter ‘undesirably high’ inflation SINTRA, (Portugal): The European Central Bank will go “as far as necessary” to fight inflation that is set to... Published 29 Jun, 2022 05:44am
Business & Finance Euro edges higher with focus on ECB, dollar retreats LONDON: The euro rose on Monday as markets focused on European Central Bank tools to fight fragmentation in the... Published 21 Jun, 2022 05:51am
Markets European shares lifted by banks, commodity stocks ahead of Fed LONDON: European shares rose on Wednesday, lifted by resource-linked stocks and banks, with investors watching for... Published 26 May, 2022 05:26am
Markets Lagarde gains key allies for rate hike plans DAVOS/FRANKFURT: European Central Bank President Christine Lagarde gained key allies for her plan to raise rates out... Published 25 May, 2022 04:35pm
Business & Finance Dollar slides to 1-month low as Lagarde comments boost euro NEW YORK: The US dollar index hit a nearly one-month low on Tuesday after European Central Bank President Christine... Published 25 May, 2022 04:40am
Markets Dollar slides to one-month low as Lagarde comments boost euro NEW YORK: The U.S. dollar index hit a nearly one-month low on Tuesday after European Central Bank President... Published 25 May, 2022 12:06am
Business & Finance ECB plans end to negative rates era as inflation soars FRANKFURT: Negative interest rates will soon be a thing of the past in the eurozone, the ECB’s chief signalled... Published 24 May, 2022 06:13am
Markets ECB plans end to negative rates era as inflation soars FRANKFURT: Negative interest rates will soon be a thing of the past in the eurozone, the ECB’s chief signalled... Updated 23 May, 2022 05:14pm
Markets European stocks log best session in six weeks PARIS: European stocks locked in gains for a second straight session on Wednesday as strong earnings and a surge in... Published 12 May, 2022 05:40am
Business & Finance ECB signals rate hike as soon as July to combat inflation FRANKFURT: European Central Bank chief Christine Lagarde hinted Wednesday at a first interest rate hike in July to... Published 12 May, 2022 05:40am
Business & Finance Lagarde suggests ECB rate hike could come as soon as July FRANKFURT: European Central Bank president Christine Lagarde hinted Wednesday the Frankfurt-based institution could... Published 11 May, 2022 03:17pm