US Economy Christine Lagarde

  • Christine Lagarde, President of the European Central Bank, speaks to the media following a meeting of the ECB governing board at ECB headquarters on March 12, 2020 in Frankfurt, Germany.

    The odds are high that ECB President Christine Lagarde will stress the central bank's ability to do more if needed.

  • As recently as Friday, France paid investors negative yields on 10- year debt, alongside peers such as the Netherlands and Germany, which are widely seen as some of the strongest credits in the world. "France is considered a safe asset under other circumstances, but this is now a story about public finances- and that's a weak point for France," said an official at a bank...

  • As recently as Friday, France paid investors negative yields on 10- year debt, alongside peers such as the Netherlands and Germany, which are widely seen as some of the strongest credits in the world. "France is considered a safe asset under other circumstances, but this is now a story about public finances- and that's a weak point for France," said an official at a bank...

  • LONDON, March 16- Southern European bond yields jumped to multi-month highs on Monday as investors fled from riskier assets after a second rate cut by the U.S. Spain went into partial lockdown on Saturday as part of a 15- day state of emergency. The gap between Spain and Germany's 10- year yields- effectively the risk premium Spain pays on its debt- touched its...

  • VIENNA, March 16- The European Central Bank will intervene in government bond markets if needed, ECB policymaker Robert Holzmann said on Monday, as Governing Council members seek to reassure markets it will act to help countries tackle the impact of coronavirus. The ECB has been engaged in a concerted rearguard action since President Christine Lagarde upset...

  • VIENNA, March 16- If the European Central Bank sees the need for further stimulus in the area of government bonds to help countries tackle the coronavirus impact, it is ready to do so, European Central Bank policymaker Robert Holzmann said on Monday. "If there is a need to intervene in the area of government bonds, measures will be taken," Holzmann, who is the chief of...

  • LONDON, March 16- Southern European bond yields jumped to multi-month highs on Monday as investors fled from riskier assets after a second rate cut by the U.S. Spain went into partial lockdown on Saturday as part of a 15- day state of emergency. The gap between Spain and Germany's 10- year yields- effectively the risk premium Spain pays on its debt- jumped to its...

  • *Norway cenbank cuts rates, Sweden offers loans. HONG KONG/ LONDON/ NEW YORK, March 13- Central banks worldwide acted to shore up money markets after cratering share prices drove a rush for cash, hitting many regional currencies and threatening a surge in short-term borrowing costs. With most developed economies moving into partial shutdowns as the epidemic...

  • LONDON, March 13- For years, bond investors buying debt from riskier euro zone countries such as Italy have been comforted by the presence of the ECB's backstop to borrowing costs. The European Central Bank stepped up to the plate on Thursday, offering fresh stimulus to support economies and banks reeling from the ravages of coronavirus, which among bloc members...

  • Italian 10- year borrowing costs were set for their biggest weekly jump since 1994, according to Refinitiv data, after having their worst day since the euro zone debt crisis on Thursday after a comment by European Central Bank chief Christine Lagarde spooked the market. The European Union will establish a 37 billion euro investment initiative to combat the...

  • *Germany announces huge state guarantee scheme. BRUSSELS, March 13- The EU will boost spending on coronavirus-hit sectors of the economy, it said on Friday, also clearing member nations to run bigger deficits as Germany diverted state funds to cushion businesses against the impact of the epidemic. "I am convinced that the European Union can withstand this shock,"...

  • Italian 10- year borrowing costs were set for its biggest weekly jump since 1994, according to Refinitiv data, after having their worst day since the euro zone debt crisis on Thursday after a comment by European Central Bank chief Christine Lagarde spooked the market. The European Union will establish a 37 billion euro investment initiative to combat the...

  • *Dollar surges, adds more than 2% vs yen. NEW YORK, March 13- The dollar advanced on Friday, posting sharp gains against the safe-haven yen as stock markets recovered globally and investors cheered efforts made by governments and policymakers to address the economic fallout from the coronavirus outbreak. "Underlying concerns regarding the economic fallout...

  • FRANKFURT, March 13- The European Central Bank was engaged in an unprecedented rearguard action on Friday after chief Christine Lagarde drew fire from investors and even heads of state for what they saw as a clumsy response to the coronavirus outbreak. The ECB provided fresh stimulus on Thursday to support the euro zone economy as the pandemic hits activity,...

  • The Fed, which releases data on this every Thursday, has agreements with five major central banks- in Canada, the euro zone, Britain, Japan and Switzerland- so they can get their hands on dollars easily when called on to provide liquidity to financial institutions at home. As of now, the swap lines data shows little strain- foreign central banks tapped $58 million in...

  • BERLIN, March 13- European Central Bank President Christine Lagarde is right that governments have a duty to take measures to support the economy and Germany has shown that it is doing a lot in that regard, Finance Minister Olaf Scholz said on Friday.

  • LONDON, March 13- The dollar rallied on Friday, gaining sharply versus the yen, as stock markets rebounded and investors welcomed signs that governments and policymakers were prepared to do more to tackle the economic shock of the coronavirus. Among the big gains was against the Japanese yen, up more than 2% to a weekly high at 107.17 yen on Friday.

  • *Norway cenbank cuts rates, Sweden offers loans. HONG KONG/ LONDON, March 13- Central banks worldwide acted to shore up money markets after cratering share prices drove a rush for cash, hitting many regional currencies and threatening a surge in short-term borrowing costs. With most developed economies now also moving into partial shutdowns as the epidemic...

  • FRANKFURT/ PARIS, March 13- The European Central Bank was engaged in an unprecedented rearguard action on Friday after chief Christine Lagarde drew fire from investors and even heads of state for what they saw as a clumsy response to the coronavirus outbreak. The ECB provided fresh stimulus on Thursday to support the euro zone economy as the pandemic hits...

  • LONDON, March 13- World stocks bounced off their lows on Friday on hopes of more central bank stimulus and government spending, but were still set for their worst week since the 2008 financial crisis, with coronavirus panic-selling hitting nearly every asset class. Italy and Spain meanwhile imposed trading curbs, banning short-selling of dozens of stocks, to...