Central Banks / Central Bank Events
Climate change protesters break windows at Barclays London HQ
LONDON, April 7 (Reuters) – Protesters against climate change broke windows at the London headquarters of Barclays in the Canary Wharf business district on Wednesday. The activists from the Extinction Rebellion group carried placards with slogans such as “Better Broken Windows than Broken Promises” and pasted the message “In Case of Climate Emergency Break Glass” …
China and Brazil have world’s greenest central banks, activists say
FRANKFURT (Reuters) – China has the world’s greenest central bank, followed by Brazil, both beating richer countries thanks to concrete steps such as lower interest rates on loans for pollution-fighting projects, an activist group said on Wednesday. FILE PHOTO: A man wearing a mask walks past the headquarters of the People’s Bank of China, the …
As central banks break the junk debt barrier, investors will follow
May 6 (Reuters)- Recent central bank bond-buying to calm market turmoil has breached the wall dividing top-grade debt from so-called junk-rated issues, raising the likelihood of the investment industry and even regulators eventually dismantling the barrier. FILE PHOTO: George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken, …
Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one
SAN FRANCISCO/WASHINGTON (Reuters) – As the U.S. Federal Reserve rolls out trillions of dollars to blunt the economic fallout of the coronavirus pandemic, there’s a notable difference to the last financial crisis: close to zero concern over “moral hazard” – the sticky business of bailing out those whose dilemma is of their own making. FILE …
Central banks deploy record sums to break financial logjam, but may need more
LONDON/BOSTON (Reuters) – Central banks have offered trillions of dollars of support to markets in recent days to keep them from freezing up, as investors worried about the economic damage from the coronavirus and made a chaotic dash for the exits. FILE PHOTO: A trader wears a mask as he works on the floor of …
Australian states to consider draconian measures to enforce social distancing
Beachgoers pack up and depart Bondi Beach following its closure after thousands of peopled flocked there in recent days, defying social distancing orders to prevent the spread of the coronavirus disease (COVID-19), in Sydney, Australia, March 21, 2020. REUTERS/Loren Elliott SYDNEY (Reuters) – Australian Prime Minister Scott Morrison said on Sunday that states and territories …
Stocks gain after emergency BoE cut adds to stimulus hopes
LONDON (Reuters) – European stocks rose on Wednesday after the Bank of England joined other central banks in cutting interest rates, raising hopes for more co-ordinated monetary and fiscal stimulus to counter the economic shock from the coronavirus outbreak. File Photo: A street cleaning operative walks past the London Stock Exchange Group building in the …
Oil jumps 10%, U.S. stocks rebound after market rout
NEW YORK/LONDON (Reuters) – Oil and global equity markets charged back on Tuesday after the prior day’s steep losses as the world’s biggest economies moved to cushion the impact of the coronavirus, but stock gains in Europe failed to hold as investors remained skittish. The price of Brent crude climbed 10% on hopes a supply …
French central banker says digital currency cannot be private
FILE PHOTO: Governor of the Bank of France Francois Villeroy de Galhau delivers a speech to open a conference entitled “Bretton Woods: 75 years later” in Paris, France, July 16, 2019. REUTERS/Philippe Wojazer PARIS (Reuters) – Digital currency could be useful as cash transactions dwindle in some countries but central banks should be in charge …
Bank of Canada governor says technological change may call for neutral policy
OTTAWA/SAN FRANCISCO (Reuters) – The widespread adoption of artificial intelligence, machine learning and other new technologies may be boosting potential output in ways that could take years to show up in the data, Bank of Canada Governor Stephen Poloz said on Thursday. FILE PHOTO: Bank of Canada Governor Stephen Poloz arrives at a news conference …
