European Central Bank
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, …
EU risks break-up over ‘coronabonds’ row, warns Italian PM | Business
Italy’s prime minister, Giuseppe Conte, has warned of the break-up of the European Union, as unprecedented pressure was piled on northern states to give way and unlock €500bn (£438bn) of economic support for the countries hit hardest by the coronavirus pandemic. After 16 hours of talks since Tuesday, EU finance ministers reconvened by videoconference on …
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 …
ECB signals a rate cut, more monetary easing ahead
The European Central Bank (ECB) prepared markets for more easing measures on Thursday, causing the euro to fall to a two-year low against the dollar. The central bank said it expects its key interest rates to remain “at their present or lower levels” at least through the first half of 2020, updating the wording on …
Cricket World Cup rain scenario
James Anderson is a real doubt for this summer’s Ashes after scans revealed he’d suffered a calf muscle tear. The ECB have confirmed England’s all-time leading Test wicket taker suffered a “low-grade tear” and will be continually reassessed, The Sun reports. Anderson — who was spotted with his England teammates at Wimbledon this week — …
