Latest Christine Lagarde News

Business Fallout: Airlines lobby for funds, Domino's hiring

Mar. 19, 2020 9:44 PM EDT

It was less than 11 weeks ago that the first cases of pneumonia were detected in Wuhan, China. The speed at which what would soon be named COVID-19, the disease caused by the new coronavirus, knocked the global economy askew is unparalleled in our lifetimes. Following are developments Thursday related to the...

A broker watches his screens at the stock market in Frankfurt, Germany, Friday, March 13, 2020. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Michael Probst)

Fed takes extra steps to sooth virus-rattled bond market

Mar. 13, 2020 2:20 PM EDT

WASHINGTON (AP) — The Federal Reserve and the European Central Bank have taken large steps this week to try to calm financial markets and restore some degree of confidence. So far, it hasn't quite worked. The central banks are facing a crisis only partly responsive to the medicine they can provide. On...

The Latest: Oregon to get fraction of protective gear needed

Mar. 12, 2020 11:16 PM EDT

The Latest on the coronavirus pandemic: Oregon officials say they will be getting just a fraction of the personal protective equipment sought from the U.S. government for front-line medical workers treating COVID-19 patients. Nik Blosser, Gov. Kate Brown’s chief of staff, told The Associated Press the...

Traders Edward Curran, left, and Jonathan Mueller work on the floor of the New York Stock Exchange, Thursday, March 12, 2020. The deepening coronavirus crisis is sending stocks into another alarming slide on Wall Street, triggering a brief, automatic shutdown in trading for the second time this week. (AP Photo/Richard Drew)

As central banks intervene to calm markets, few see solution

Mar. 12, 2020 6:08 PM EDT

WASHINGTON (AP) — The Federal Reserve and the European Central Bank moved Thursday to try to calm financial markets and restore some degree of confidence. It didn't quite work. The central banks are facing a crisis only partly responsive to the medicine they can provide. The Fed sought to ensure that the...

Michael Conlon, center, works with fellow traders on the floor of the New York Stock Exchange, Thursday, March 12, 2020. Stocks are sharply lower after resuming trading as traders fear that not enough is being done to contain the economic damage from the coronavirus pandemic. (AP Photo/Richard Drew)

The Latest: Investors unsure how virus will impact profits

Mar. 12, 2020 4:42 PM EDT

NEW YORK (AP) — The Latest on the action in the financial markets (all times local): 4:40 p.m. A big part of the uncertainty driving the selling on Wall Street is questions how much corporate profits will be hurt by the effort to limit the spread of the coronavirus. American Airlines, Ralph Lauren and...

President of European Central Bank Christine Lagarde looks up prior to a press conference following a meeting of the ECB governing council in Frankfurt, Germany, Thursday, March 12, 2020. (AP Photo/Michael Probst)

European Central Bank deploys stimulus to ease virus damage

Mar. 12, 2020 1:41 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank deployed targeted new stimulus measures to cushion the shock to the economy from the virus outbreak, but its president said monetary policy couldn't do it alone and called for a "decisive and determined” response from governments. ECB President...

European Council President Charles Michel, left, participates in a videoconference call with EU leaders at the European Council building in Brussels, Tuesday, March 10, 2020. EU leaders held a videoconference Tuesday to coordinate efforts across the 27-nation bloc in the hopes of slowing down the spread of the coronavirus. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (Stephanie Lecocq, Pool Photo via AP)

EU vows united response as virus hits its political heart

Mar. 10, 2020 4:31 PM EDT

BRUSSELS (AP) — European Union leaders vowed Tuesday to stand united in combating the spread of the coronavirus ravaging member country Italy, and agreed to draft a plan to address any medical shortages and set up a fund to help overburdened health care systems. The pledges came at a rare video conference...

A woman wearing a mask stands near bull sculptures depicting prosperity along a retail street in Beijing on Tuesday, March 3, 2020. Asian shares rose Tuesday amid hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak. (AP Photo/Ng Han Guan)

Stocks shed some gains after G-7 holds off new stimulus

Mar. 3, 2020 8:25 AM EST

LONDON (AP) — Stock markets shed some gains Tuesday after the Group of Seven countries held off announcing new measures to help the global economy cope with the disruption from the coronavirus outbreak. Traders had been keenly awaiting the outcome of a conference call of central bankers and finance...

A woman wearing a mask stands near bull sculptures depicting prosperity along a retail street in Beijing on Tuesday, March 3, 2020. Asian shares rose Tuesday amid hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak. (AP Photo/Ng Han Guan)

Tokyo falls back, other Asian markets track Wall St gains

Mar. 3, 2020 12:14 AM EST

TOKYO (AP) — Shares in most Asian markets tracked overnight gains on Wall Street, but Tokyo's benchmark fell back Tuesday as gnawing concerns over the virus outbreak chilled buying sentiment. Traders were awaiting talks between central bankers and other financial leaders of the Group of Seven industrial...

President of the European Central Bank Christine Lagarde addresses an event to launch the private finance agenda for the 2020 United Nations Climate Change Conference COP26 at Guildhall in London, Thursday Feb. 27, 2020. The 2020 United Nations Climate Change Conference COP26 will be hosted in Glasgow from November 9 - November 19, 2020 under the presidency of the UK. (Tolga Akmen/Pool via AP)

ECB's Lagarde: 'Ready to take targeted action' on economy

Mar. 2, 2020 5:58 PM EST

FRANKFURT, Germany (AP) — The head of the European Central Bank said Monday that Europe's top monetary authority is ready to take “appropriate and targeted measures” if necessary to support the economy against the headwinds from the new coronavirus. Christine Lagarde said in a statement that...