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Key moments in Draghi’s eventful ECB tenure

FRANKFURT, Oct 21 — Mario Draghi hands over the keys of the European Central Bank to Christine Lagarde on October 31, leaving the former IMF chief an economy struggling to stay in gear. Here are some of the key moments that made the Italian…


ECB’s Draghi defends stimulus against enduring criticism

FRANKFURT, Oct 11 — European Central Bank chief Mario Draghi appeared in a speech today to defend fiercely-contested new stimulus measures, as debate over September interventions by the institution entered a second month. “Accepting failure is…


EU approves Greece's plan to reduce bad loans by €30b

BRUSSELS, Oct 10 ― The European Commission approved today a Greek plan to reduce bad loans by up to €30 billion (RM138.6 billion) at the country's banks, as expected, saying it did not violate state aid rules. Bankers close to the process told…


Greece in second straight record-low yield bond sale

ATHENS, Oct 9 — Greece, which has needed three international bailouts this decade, yesterday made its second bond sale at record-low yields since July, the prime minister said, raising €1.5 billion (RM6.9 billion) at 1.5 per cent. “The…


US hits Scotch whisky, Italian cheese, French wine with 25pc tariffs

WASHINGTON, Oct 3 ― The Trump administration put 25 per cent tariffs on French wine, Italian cheese and single-malt Scotch whisky ― but spared Italian wine, pasta and olive oil ― in retaliation for European Union subsidies on large aircraft….


At tobacco industry forum, panic over possible e-cigarette ban

WASHINGTON, Sept 27 — While most of Washington is gripped by the impeachment storm swirling around Donald Trump, a few blocks up Pennsylvania Avenue from the White House, hundreds of executives are pondering another potential presidential…


World Bank’s Georgieva becomes first IMF chief from emerging economy

WASHINGTON, Sept 26 — Bulgarian economist Kristalina Georgieva was confirmed yesterday as managing director of the International Monetary Fund, the first person from an emerging-market economy to head the world’s crisis lender with its US$1…


World Bank’s Georgieva to be first IMF chief from emerging economy

NEW YORK, Sept 25 — Bulgarian economist Kristalina Georgieva is expected to be confirmed today as managing director of the International Monetary Fund, which would make her the first person from an emerging economy to head the global lender. A…


World Bank’s Georgieva to be first IMF chief from emerging economy

NEW YORK, Sept 25 — Bulgarian economist Kristalina Georgieva is expected to be confirmed today as managing director of the International Monetary Fund, which would make her the first person from an emerging economy to head the global lender. A…


World Bank’s Georgieva to be first IMF chief from emerging economy

NEW YORK, Sept 25 — Bulgarian economist Kristalina Georgieva is expected to be confirmed today as managing director of the International Monetary Fund, which would make her the first person from an emerging economy to head the global lender. A…