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Trump blasts comments by ECB’s Draghi, cites unfair competition

7 hours ago DieselGasoil Comments Off on Trump blasts comments by ECB’s Draghi, cites unfair competition
WASHINGTON (Reuters) – U.S. President Donald Trump criticized European Central Bank President Mario Draghi’s comments earlier on Tuesday that further monetary policy changes may be needed by the ECB, saying that would spark unfair European competition against the United States. FILE PHOTO: European Central Bank (ECB) President Mario Draghi speaks in Frankfurt, Germany, November 16, Read More

Draghi’s stimulus hints put ECB in Trump’s crosshairs

7 hours ago DieselGasoil Comments Off on Draghi’s stimulus hints put ECB in Trump’s crosshairs
SINTRA, Portugal (Reuters) – The European Central Bank will ease policy again if inflation fails to accelerate, ECB President Mario Draghi said on Tuesday, signaling one of the biggest policy reversals of his eight-year tenure and provoking the ire of U.S. President Donald Trump. FILE PHOTO: Mario Draghi, President of the European Central Bank (ECB) Read More

‘Super Mario’ shock: euro slides, yields hit new lows

8 hours ago DieselGasoil Comments Off on ‘Super Mario’ shock: euro slides, yields hit new lows
LONDON (Reuters) – The euro took a beating and German bond yields hit a fresh record low on Tuesday in reaction to European Central Bank President Mario Draghi’s comments indicating a possibility of new rate cuts or asset purchases. FILE PHOTO: Mario Draghi, President of the European Central Bank (ECB), attends a news conference in Read More

Draghi shock hits euro, boosts stocks

11 hours ago DieselGasoil Comments Off on Draghi shock hits euro, boosts stocks
LONDON (Reuters) – European shares rallied and the euro took a sharp hit on Tuesday in a knee-jerk reaction to European Central Bank President Mario Draghi’s comments indicating a possibility of new rate cuts or asset purchases. FILE PHOTO: Mario Draghi, President of the European Central Bank (ECB), attends a news conference in Vilnius, Lithuania Read More

Blockchain startup Ripple buys $30 million stake in MoneyGram

23 hours ago DieselGasoil Comments Off on Blockchain startup Ripple buys $30 million stake in MoneyGram
FILE PHOTO: The MoneyGram logo is seen on a kiosk in New York, U.S. January 3, 2018. REUTERS/Shannon Stapleton (Reuters) – Blockchain firm Ripple has bought $30 million worth of shares and warrants in MoneyGram International Inc, the two companies said on Monday, as they partner to use Ripple’s product for cross-border payment and foreign Read More

UK-listed firms become 1st foreigners to sell stocks in mainland China

1 day ago DieselGasoil Comments Off on UK-listed firms become 1st foreigners to sell stocks in mainland China
A new stock exchange connection between Britain and China launched on Monday, which will see UK-listed companies become the first foreign firms permitted to list stocks in mainland China. After four years in development, the London-Shanghai Stock Connect was opened by Chancellor Philip Hammond and Chinese Vice-Premier Hu Chunhua. Qualifying firms will now be able Read More

Asian shares wobble amid trade, geopolitical tensions; focus on Fed meeting

1 day ago DieselGasoil Comments Off on Asian shares wobble amid trade, geopolitical tensions; focus on Fed meeting
TOKYO (Reuters) – Asian shares wobbled near one-week lows on Monday as investors turned cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong Kong kept risk appetite in check. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Read More

Asian shares edge up, trade, geopolitical tensions cap gains; focus on Fed meeting

2 days ago DieselGasoil Comments Off on Asian shares edge up, trade, geopolitical tensions cap gains; focus on Fed meeting
TOKYO (Reuters) – Asian stocks inched higher on Monday, with a rebound in the Hong Kong market helping the mood, as investors remained cautious ahead of a closely-watched Federal Reserve meeting. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, January 7, 2019. REUTERS/Kim Read More

Asian shares wobble on trade, political tensions; focus turns to Fed meet

2 days ago DieselGasoil Comments Off on Asian shares wobble on trade, political tensions; focus turns to Fed meet
TOKYO (Reuters) – Asian shares got off to a shaky start on Monday as investors were cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong Kong kept risk-appetite in check. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage Read More