News

For a man credited with saving the euro, Mario Draghi's final policy meeting at the helm of the European Central Bank will be far from a lap of honour.

U.S. Federal Reserve officials on Friday left the door open to an interest rate cut but gave no guarantees as they continued debating how the final prop of U.S. economic growth, household consumption, is holding up.

German Finance Minister Olaf Scholz on Friday redoubled his criticism of Facebook's plans to launch its Libra cryptocurrency, and said creation of a new world currency should be prevented.

The European Central Bank should cut its inflation target and must rethink its policy approach as negative interest rates could endanger the bloc's financial system, Austrian central bank Governor Robert Holzmann said on Friday.

* Curb on mining, informal sector limits dollars on the street

Shares in London's UK-oriented businesses, such as housebuilders and retailers, could rocket to record highs if parliament approves the government's Brexit deal, investors say. They also predict the pound will rally around 5%.

Macron and Varadkar say they want to avoid another extension

Dallas Federal Reserve bank president Robert Kaplan said on Friday he is currently "agnostic" about whether the Fed cuts rates at its upcoming October meeting, arguing it may be wise to see more information before adding a third rate reduction to the two the central bank has already approved this...

Minneapolis Fed President Neel Kashkari on Friday signaled he continues to support further U.S. interest rate cuts, saying that monetary policy should be "somewhat accommodative", given the risks to the economic outlook.

Credit card issuer American Express Co reported a higher-than-expected quarterly profit that highlighted the health of the U.S. consumer even as fears mount that a manufacturing-led weakness could spread to the broader economy.