Owner of private Serbian bank detained and accused of siphoning money Serbian authorities have detained the owner of a private bank on suspicion he was siphoning money from the lender The Independent UK · 11h ago
Euro zone countries are integrating faster with US than with each other, ECB says Euro zone countries are experiencing increased economic integration with the United States compared to internal collaboration. The European Central Bank highlights concerns about economic vulnerabilities amid geopolitical tensions. Barriers to cross-border investment with the US have declined significantly since 2014. Research indicates that fragmented capital markets diminish economic resilience during… The Economic Times · 18h ago
Millions in UK brace to remortgage on worse deals as rate rise looms More than 2.3m households face jump in payments in 2027, after expected increase in Bank of England rate this week The Guardian - UK · 23h ago
Charting the global economy: Central banks hold rates steady Global central banks have opted to keep interest rates unchanged amidst growing inflation worries stemming from energy costs. While the Federal Reserve and the European Central Bank signaled potential hikes during their December meetings, the US economy displays robust growth from business investments and consumer activity. The Economic Times · Nov 1
Germany, France, Italy and Spain: Where was inflation highest in October? Inflation rose in Italy and France, held in Spain and fell in Germany in October. What is driving the gap between Europe's largest economies and will the European Central Bank hike again in December? Euronews · Oct 30
Europe's economy brushes off energy shock from Iran war, shows moderate growth in Q3 Europe’s economy persevered with moderate growth in the third quarter despite higher oil prices from the US-Iran war, as gross domestic product increased by 0.4% over the quarter before The Independent UK · Oct 30
Market wrap: Shriram Finance, Nestle India, Trent, InterGlobe top gainers and losers on Nifty and Sensex on Friday The Nifty 50 rose 0.51% to close at 23,053.10 on Friday, while the Sensex gained 308 points to 74,459.53. Trent and InterGlobe led the gainers, while Shriram Finance and Nestle India topped the Nifty losers. Broader markets remained weak, with midcap and smallcap indices falling up to 2%. The Economic Times · Oct 30
‘A living hell’: The occupied town of Oleshky captures the world’s attention — including Melania Trump’s Hello, and happy Friday. My name is Angela Skujins. On today’s agenda: the horrors of a Russian-captured community, EU-Canada affairs throw up more questions than answers, and hefty fines for angry Albanian protesters. Let’s go. Euronews · Oct 30
Global Market: ECB may pause rate hikes after December amid growth risks European Central Bank policymakers expect to raise interest rates by 25 basis points in December to counter energy-led inflation, before pausing further monetary tightening as rising bond yields are expected to weigh on economic growth and price pressures. The Economic Times · Oct 30
Gold prices edge lower as US inflation data reinforces Fed outlook Gold prices fell in early Asian trading, reflecting a decline of over 1% from the previous session. Spot gold is currently valued at $4,006.06 per ounce, while US gold futures have dipped to $4,018.50. Heightened inflation worries have raised fears of a potential interest rate hike by the Federal Reserve… The Economic Times · Oct 30
Race to find new head of European Central Bank after Lagarde leaves early European Central Bank President Christine Lagarde will step down in February, months before her term ends, officials said on Thursday, kicking off a race to succeed her against a turbulent backdrop in the eurozone and key elections in France. Radio France Internationale · Oct 29
ECB chief Lagarde steps down in order to speak out European Central Bank President Christine Lagarde will step down from her post several months early, in order to have more "freedom to engage on matters that are not monetary policy". The comments will fuel speculation about her future plans, ahead of a presidential election in her native France. The resignation… France 24 · Oct 29
European stocks rally after ECB and Fed holds In London, the FTSE 100 Index ended up 27.57 points, 0.3%, at 10,722.07. Evening Standard · Oct 29
‘I cannot remain neutral’: Lagarde finally explains her early ECB exit Lagarde says she is leaving the ECB early because she can no longer stay neutral. She also revealed the ECB debated a hike and hinted at a December move. Euronews · Oct 29
Barchart · Oct 29 Christine Lagarde Will Leave the ECB 9 Months Early — But the Real Crisis Is What Her Successor Inherits Longtime European Central Bank President Lagarde steps down in the middle of a French bond crisis. Should global investors panic?
Euronews · Oct 29 ‘I’m not a candidate for anything’: What Lagarde told Euronews before quitting the ECB Christine Lagarde told Euronews in an exclusive interview in July that she was not a candidate for any political office. Her announcement that she will leave the European Central Bank early, in February 2027, comes just months before France’s presidential election.
The Independent UK · Oct 29 European Central Bank boss resigns early to allow search for successor to begin Christine Lagarde’s resignation will clear the runway for a replacement before the French election
The Economic Times · Oct 29 ECB keeps rates unchanged but points to mounting inflation risk The European Central Bank has decided to maintain its current interest rates, signaling concerns over inflation driven by escalating energy costs. Meanwhile, borrowing expenses in France have seen a sharp rise, creating anxiety about the nation’s economic outlook amid political upheaval. ECB President Christine Lagarde's early resignation raises questions about…
Euronews · Oct 29 ECB holds rates at 2.5% as Lagarde announces early exit with inflation near double the target The European Central Bank kept its deposit rate at 2.5% on Thursday, hours after President Christine Lagarde said she would leave next February, months before her term ends, as France's bond market turmoil and inflation at 3.8% cloud the outlook for the eurozone.
The Economic Times · Oct 29 Christine Lagarde: The outsider who led the European Central Bank her way Christine Lagarde's early departure as European Central Bank president marks the end of a seven-year tenure shaped by the Covid-19 pandemic, energy shocks and record inflation. Despite initial doubts over her lack of formal economics training, Lagarde helped steer the ECB through major crises. However, her decision to leave before…
The Economic Times · Oct 29 Christine Lagarde is leaving the ECB early, and Europe's economic future could look very different: What the region stands to lose — and gain Christine Lagarde announced her resignation from the European Central Bank, set for February 7, 2027. Her departure is earlier than planned, as her term was due to end in October 2027. This resignation allows EU leaders to appoint her successor ahead of upcoming French presidential elections. Europe faces economic challenges,…
The Guardian - UK · Oct 29 Europe’s central bank chief, Christine Lagarde, steps down for ‘freedom of speech’ Possible candidate to run World Economic Forum departs ECB nine months early, saying she wants to speak her mind about world affairs
Barchart · Oct 29 Nasdaq Futures Plunge as Chip Rally Falters After Alphabet and Samsung Disappoint December Nasdaq 100 E-Mini futures (NQZ26) are down -1.20% this morning as disappointing earnings from Alphabet and Samsung Electronics renewed concerns about the AI trade.
Euronews · Oct 29 ECB President Christine Lagarde to step down next February, months before her mandate ends Christine Lagarde will step down on 7 February 2027, around nine months before the end of her eight-year term, the European Central Bank announced on Thursday, hours before it kept interest rates on hold at 2.5%.
The Independent UK · Oct 29 European Central Bank President Christine Lagarde will resign Feb. 7, ahead of term European Central Bank President Christine Lagarde has announced her resignation effective February 7