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February 21, 2020
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Reuters - Business

Global central bankers scour shopping malls, manufacturers for coronavirus playbook

Reuters
WASHINGTON/RIYADH/FRANKFURT – (Reuters) – In the days after a new virus was identified in China on Dec. 31, global central bankers fell back on past experience for a comforting early analysis. FILE PHOTO: A man wearing a face mask walks past a shop of a French luxury cosmetic brand Lancome......
Reuters - Business

Dollar tramples yen and safe-haven status, gold gains

Reuters
NEW YORK (Reuters) – The strong dollar got stronger on Thursday, rising to a three-year high against a basket of trading partner currencies, after a steep slide in the Japanese yen called into question its safe-haven status while the rally in U.S. equities took a pause. Traders work on the......
Reuters - Business

Stocks slide on Apple’s virus warning, euro near three-year low

Reuters
NEW YORK (Reuters) – Oil prices tumbled and global equity markets slid on Tuesday after Apple Inc said it was unlikely to meet its sales guidance because of the coronavirus outbreak in China, a warning highlighting the epidemic’s threat to global growth and corporate profits. China reported its fewest new......
Reuters - Business

French finance minister warns Renault against job cuts, factory closures

Reuters
FILE PHOTO: French Finance Minister Bruno Le Maire reacts after his New Year address to France’s economic officials and the media at the Bercy Finance Ministry in Paris, France, January 7, 2020. REUTERS/Charles Platiau/File Photo BRUSSELS (Reuters) – French Finance Minister Bruno Le Maire warned Renault (RENA.PA) on Tuesday against......
Reuters - Business

Euro zone ministers discuss fiscal boost options as virus worries weigh

Reuters
BRUSSELS (Reuters) – Euro zone finance ministers discussed ways to pursue a more growth-friendly fiscal policy mix on Monday, in a potential nudge to Germany and the Netherlands to spend more as fears of a downturn grow in the wake of the coronavirus epidemic. European Central Bank President Christine Lagarde......
CNBC Business

The ECB and Fed are hoping the public will give them a new direction

CNBC
CNBC – For more and to sign up click here European Central Bank President Christine Lagarde. Chip Somodevilla | Getty Images News | Getty Images Central banks are experiencing a soul-searching moment as they look to strengthen their popularity after the global financial crisis — an exercise that could ultimately......
Reuters - Business

No phones, no leaks: How Lagarde is making her mark on ECB

Reuters
FRANKFURT (Reuters) – Gathered in a German mountain castle last November for an evening retreat that ended with a whiskey-tasting, rebel European Central Bank policymakers and Christine Lagarde, their newly confirmed president, made a pact.   Lagarde pledged to spend more time listening, and not to front-run decisions before policymakers had......
Reuters - Business

Dollar up vs euro as ECB holds rates steady, launches review

Reuters
NEW YORK (Reuters) – The dollar rose against the euro on Thursday after the European Central Bank held interest rates steady and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB’s main goal and how to achieve it. FILE PHOTO:......
Reuters - Business

Virus fears keep stocks red; ECB gets ready to rethink

Reuters
LONDON (Reuters) – World shares fell on Thursday, led by the biggest decline in Chinese stocks in more than eight months, as concern mounted about the spread of a deadly virus in China. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December......
Reuters - Business

ECB to launch review that will redefine its mission and tools

Reuters
FRANKFURT (Reuters) – European Central Bank President Christine Lagarde is set to launch a broad review of its policy on Thursday that is likely to see her redefine the ECB’s main goal and how to achieve it. FILE PHOTO: New European Central Bank (ECB) President Christine Lagarde addresses a news......
Reuters - Business

Dollar gains, stocks scale fresh highs on data, trade deal

Reuters
NEW YORK (Reuters) – The dollar rose while key world and stock indexes on Wall Street scaled new records on Thursday as the U.S.-China trade deal, strong corporate earnings and encouraging U.S. economic data lifted equity markets. Oil rose as the long-awaited Phase 1 trade deal brought some relief to......
Reuters - Business

U.S. dollar to dominate in directionless forex market: Reuters poll

Reuters
BENGALURU (Reuters) – The U.S. dollar, which has dominated currency market trading for the last two years, looks set to do so again in 2020, according to the latest Reuters poll of foreign exchange strategists. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in......
Reuters - Business

Recession, robots and rockets: another roaring 20s for world markets?

Reuters
LONDON (Reuters) – Helicopter cash, climate crises, smart cities and the space economy — investors have all those possibilities ahead as they enter the third decade of the 21st century. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 17,......
Reuters - Business

Global stocks rally to record highs; gold gains

Reuters
NEW YORK (Reuters) – A gauge of global equity markets and Wall Street’s three major indices finished at all-time highs on Thursday in light holiday trade as a year-end rally advanced further on optimism over a U.S.-China trade agreement. Oil rose to three-month highs, buoyed by a report showing lower......
Reuters - Business

Stocks rally to record highs; gold gains

Reuters
NEW YORK (Reuters) – Gold prices rose and a gauge of global equity markets hit an all-time high on Thursday in light holiday trade as a year-end rally on Wall Street advanced further on optimism over a U.S.-China trade agreement. FILE PHOTO: Traders work on the floor at the New......
Reuters - Business

Stocks near record highs, pound wavers before election result

Reuters
LONDON (Reuters) – World shares took another run at record highs on Thursday, as the right messages from the U.S. Federal Reserve set traders up for a packed day of central bank meetings and a Brexit-defining election in Britain. FILE PHOTO: People check their mobile phones as they stand outside......
CNBC Business

ECB holds rates steady at Lagarde’s debut policy meeting

CNBC
The European Central Bank (ECB) kept its rates unchanged on Thursday following new President Christine Lagarde’s first monetary policy meeting. Source link: Click here for more...
Reuters - Business

Global stocks test record highs, pound braces for election all-nighter

Reuters
LONDON (Reuters) – World shares took a fresh run at record highs on Thursday, as all the right messages from the U.S. Federal Reserve set traders up nicely for a packed day of milestone central bank meetings and a Brexit-defining election in Britain. FILE PHOTO: A man looks on in......

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