Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
The second-largest investor in Kraft Heinz Company discloses that it has again trimmed its stake in the food company.Marketsread more
"That leads the developed world to say to China: 'We've got to rebalance this. It's working for you. It's not working for us,'" says the billionaire Blackstone co-founder.Economyread more
Viacom chief executive officer Bob Bakish is not worried about competition in the streaming space, on the heels of its merger with CBS.The Faber Reportread more
Consumers could pay an average 15 to 20 cents more per gallon for unleaded gas by the end of the month following the attack on Saudi oil installations.Market Insiderread more
Bob Bakish, the head of a newly combined CBS and Viacom, said he was "disappointed" by both stocks' reaction to the recent deal.The Faber Reportread more
Elliott Management may not see John Stankey as a future leader at AT&T, but bailing on him before he executes his integration plan has the potential for disaster.Technologyread more
The White House directed Lewandowski not to discuss any of his post-election interactions with Trump beyond those already detailed in former special counsel Robert Mueller's...Politicsread more
Tension between the real estate start-up WeWork and SoftBank was not a central issue in the decision to delay an initial public offering, sources tell CNBC's David FaberThe Faber Reportread more
* Af Jochnick appointed to board of ECB Banking Supervision
* Af Jochnick's Riksbank term due to end in late 2023 (Adds detail, background)
STOCKHOLM, July 11 (Reuters) - The Swedish Central Bank said on Thursday that Kerstin af Jochnick will leave her position as first deputy governor and member of the Riksbank's rate-setting board to take up a position at the European Central Bank.
Af Jochnick will be one of three new ECB representatives on the board of the central bank's banking supervision arm, along with Edouard Fernandez-Bollo and Elizabeth McCaul.
"Kerstin af Jochnick will therefore leave her post as First Deputy Governor of the Riksbank," the central bank said in a statement.
Af Jochnick, who the ECB said separately had been appointed to a five year term, became one of six board members at the Swedish central bank in 2012 and saw her term extended in 2017 to run until the end of 2023.
During her stint as deputy governor the Riksbank has adopted an ultra-dovish monetary policy stance, with negative interest rates since 2015. It has hiked rates only once - at the end of last year - since she joined the bank.
"She has allied herself with (Governor Stefan) Ingves and shared his views on how the monetary policy should be conducted. There will be no major shift, but on the margin it may lead to a slightly different view of the interest rate policy," Olle Holmgren, economist at SEB said.
Before joining the Riksbank, af Jochnick worked at the Swedish Financial Supervisory Authority and the Swedish Bankers' Association and also held positions at institutions such as the Basel Committee and the Danish financial watchdog.
The General Council of the Riksbank will now determine the details for the transition and begin the work of lining up a replacement for af Jochnick.
"I am very pleased to have been entrusted with the task of becoming (an) independent member of the Supervisory Board of ECB Banking Supervision," af Jochnick said in a statement.
"The ECB's supervision of the larger banks in Europe plays a very important role in creating stable financial markets."
The Single Supervisory Board is chaired by Andrea Enria and includes five representatives from the ECB, including designated deputy chair Yves Mersch, and one from each of the euro zone's 19 national banking watchdogs. (Reporting by Niklas Pollard and Johan Ahlander, editing by Deepa Babignton)