Latest Christine Lagarde News

Von der Leyen confirmed as new European Commission president

Jul. 16, 2019 3:07 PM EDT

BRUSSELS (AP) — Ursula von der Leyen was confirmed as the European Commission president Tuesday, becoming the first woman to hold one of the most prestigious positions in the European Union and who will be one of the most prominent faces from the bloc on the world stage. The European Parliament voted...

IMF Managing Director Lagarde resigns in advance of ECB post

Jul. 16, 2019 12:33 PM EDT

WASHINGTON (AP) — Christine Lagarde is resigning as managing director of the International Monetary Fund in light of her nomination to be the next president of the European Central Bank. Lagarde has already given up her day-to-day duties as head of the IMF, and the international lending agency has named a...

Germany denies backing BoE chief Carney as next head of IMF

Jul. 10, 2019 8:20 AM EDT

BERLIN (AP) — The German government says it hasn't decided who it wants to succeed Christine Lagarde as the next head of the International Monetary Fund. Government spokeswoman Ulrike Demmer told reporters in Berlin on Wednesday that Germany "would wish for a qualified European candidate." She denied...

French tycoon acquitted of fraud in huge arbitration case

Jul. 9, 2019 11:04 AM EDT

PARIS (AP) — A Paris court has acquitted the flamboyant French tycoon Bernard Tapie of fraud over a 404 million-euro ($452.5 million at the current exchange rate) payment linked to the sale of German sportswear company Adidas in the 1990s. Tapie, who has been battling cancer for years, was not present for...

EU chief struggles to sell job winners to hostile lawmakers

Jul. 4, 2019 1:03 PM EDT

BRUSSELS (AP) — European Council President Donald Tusk appealed Thursday to hostile lawmakers to endorse a raft of nominees for some of the EU's most coveted jobs amid accusations that he and the bloc's leaders hand-picked the candidates in a series of shady backroom deals. Two days after one of the...

Asian shares climb after US benchmarks hit record highs

Jul. 3, 2019 10:58 PM EDT

TOKYO (AP) — Shares opened higher in Asia on Thursday, tracking the ascent by major U.S. indexes to record highs. The rally follows a slight easing of trade tensions between the U.S. and China after they agreed to refrain from new tariffs pending a new round of negotiations. That has relieved some pressure...

Deals made at secretive EU summit deliver top job nominees

Jul. 3, 2019 1:26 PM EDT

BRUSSELS (AP) — In the end, the European Union's top jobs jamboree had a familiar old-time ring to it. Instead of embracing a transparent future, leaders of the 28 EU nations repeated the past as they retreated behind closed doors to divvy up a half-dozen jobs for politicians who will be the public faces...

The Latest: EU nominee seeks support, vows to listen

Jul. 3, 2019 12:21 PM EDT

BRUSSELS (AP) — The Latest on key appointments at the European Union (all times local): 6:00 p.m. Ursula von der Leyen is promising to "listen a lot" and cooperate closely with the European Parliament as she tries to drum up support for her nomination to lead the European Union's executive commission. The...

World shares mixed, Europe advances after fresh S&P 500 high

Jul. 3, 2019 8:20 AM EDT

LONDON (AP) — Shares in Europe rose sharply Wednesday as investors warmed to the announcement that Christine Lagarde, the current head of the International Monetary Fund, will take the helm at the European Central Bank. Wall Street, meanwhile, looked set to open higher on a holiday-shortened trading day,...

'Perfect gender balance' as EU leaders decide on top jobs

Jul. 2, 2019 6:12 PM EDT

BRUSSELS (AP) — For the first time, European Union leaders nominated women for half of the top positions they filled Tuesday to lead the world's biggest trade bloc. And the women were picked for what are arguably the two most important jobs of the four posts: heading the EU's executive Commission and...