Eight years ago, Italy’s state auditor drew widespread derision when it claimed that credit rating agencies should have taken the country’s history and beauty into account before downgrading its debt. With borrowing costs on the rise once again, a better argument is required. Instead of art, Italy should focus on the eurozone. Rising inflation, an […]
While you may not have realised it from Christine Lagarde’s understated delivery, the European Central Bank last week became a lot more pugnacious towards both financial markets and the eurozone’s fiscal policymakers. For quite some time the ECB, which Lagarde heads, has been visibly uncomfortable about being “the only game in town”. It was long […]
U.S. Treasury yields retreated further on Friday as weak economic data and a significant interest rate hike from the European Central Bank fueled concerns about an economic slowdown. As of around 5:30 a.m. ET, the yield on the benchmark 10-year Treasury note was down sharply to a more-than two-week low of 2.8105%, furthering Thursday night’s […]
The ECB raised its benchmark deposit rate by 50 basis points to zero, or twice as much as it had indicated after its previous meeting, in an effort to curb record-high inflation in the eurozone as the economy reels from the impact of Russia’s war in Ukraine. It also raised the rate on its weekly and […]
The European Central Bank has raised interest rates by half a percentage point — its first increase for more than a decade — while pledging to prevent rising borrowing costs from sparking a eurozone debt crisis amid political turmoil in Italy. The ECB said in a press release after its governing council met in Frankfurt […]
The European Central Bank will shift the corporate bonds it owns and accepts as collateral away from the most carbon-intensive companies, going further than most big rate-setting authorities but disappointing activists eager to see stronger measures. Announcing plans to “tilt” its €386bn portfolio of corporate bonds away from companies with “a poorer climate performance”, the […]
ECB has declined to comment on the claims regarding the unnamed official, with the governing body still trying to repair its image following Yorkshire’s mishandling of Azeem Rafiq’s allegations of racism. Last Updated: 01/07/22 7:56pm Devon Malcolm is part of the ECB’s match referees panel The England and Wales Cricket Board has suspended a senior […]
[The stream is slated to start at 9 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Wednesday to a European Central Bank forum on central banking. The Fed and its global counterparts have been in a race to tamp down […]
Story Submitted by North Florida College Middle school students from Hamilton, Jefferson, Lafayette and Madison counties, and Lake Park, Georgia explored the fields of manufacturing, robotics and engineering during North Florida College’s Robotics Camp held June 6-9.Throughout the four-day summer camp, students attended NFC’s campus to create Lego Mindstorms EV3 robots, engage in STEM related […]
The writer is a fund manager at M&G and author of ‘Supercharge Me: Net Zero Faster’ The European Central Bank’s emergency meeting last Wednesday was a remarkable event. It could be the first time that a central bank confronted by the onset of a crisis has moved early and quickly. Concerns about the structural stability […]