Latest Christine Lagarde News

Asian shares rebound; Wall St headed for weekly decline

Sep. 09, 2021 22:54 PM EDT

Shares were higher in Asia on Friday as investors stepped up buying despite another decline on Wall Street that kept the S&P 500 and the Nasdaq on track for their first weekly losses in three weeks. Shares rose in Tokyo, Hong Kong and other major markets, bouncing...

Europe's central bank eases support, but it's not a taper

Sep. 09, 2021 11:13 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank will dial back some of its massive emergency pandemic support for the economy amid signs of increasing business activity and consumer readiness to spend as the 19 countries that use the euro rebound from the coronavirus recession. ...

ECB says low rates to stay until the job is done

Jul. 22, 2021 08:57 AM EDT

FRANKFURT, Germany (AP) — Facing unease over the spread of a more-contagious variant of the coronavirus, the European Central Bank said it would maintain its stimulus in the form of ultra-low interest rates until inflation “durably” reaches its 2% target. The...

Asian stocks advance after Wall Street hits new record

Jul. 11, 2021 23:54 PM EDT

BEIJING (AP) — Asian stock markets rose Monday after Wall Street hit a high despite jitters about the spread of the coronavirus's delta variant as investors looked ahead to U.S. earnings reports. Market benchmarks in Shanghai, Tokyo, Hong Kong and Sydney advanced. ...

Europe's central bank intensifies focus on climate change

Jul. 08, 2021 10:40 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank has adopted a new approach to managing the economy that would tolerate transitory periods of consumer inflation moderately above its 2% goal — and take greater account of climate change in its forecasting and stimulus programs. ...