News Wire

Telecoms group Orange to sell subsidiary in Niger

17h22 French telecoms group Orange is selling its business in Niger, a company spokesman said on Sunday.  Full story

Sterling opens lower in Asia after Brexit deal vote delay

20h32 Sterling opened lower in Asian trading on Monday after a UK parliament vote on Prime Minister Boris Johnson's Brexit withdrawal deal over the weekend was delayed.. . .  Full story

Star French banker Pigasse resigns from Lazard

20h11 Dealmaker Matthieu Pigasse had resigned after 17 years at investment bank Lazard to pursue a new entrepreneurial project, the bank said on Sunday.. . .  Full story

Bank of Japan's Kuroda calls for mix of steps to boost economic growth

18h24 Bank of Japan Governor Haruhiko Kuroda said on Sunday a mix of monetary easing, flexible fiscal spending and structural reforms to raise the country's long-term growth potential could be effective in stimulating the economy.. . .  Full story

Wall St Week Ahead-Tech haves and have-nots face third-quarter tests

18h00 Technology companies, which make up the largest swath of the U.S. stock market, are expected to post a nearly 8% drop in third-quarter profits as reports roll in next week from many of the. . .  Full story

Brexit stumble to dent euphoric pound but bulk of gains to hold

17h49 Britain's latest Brexit stumble is likely to prompt a pullback in sterling's recent rally when trading resumes later on Sunday, though strategists say rising confidence that a disorderly European Union exit will be avoided should. . .  Full story

Barrick Gold reaches deal with Tanzania over Acacia Mining

17h26 Barrick Gold Corp said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2 billion transaction approved by. . .  Full story

EU plays for time as Johnson spars with UK parliament on Brexit

16h40 The European Union will play for time rather than rush to decide on British Prime Minister Boris Johnson's reluctant request to delay Brexit again, diplomats with the bloc said after a 15-minute meeting on Sunday.. . .  Full story

Expect more capital flows to Brazil -central bank president

16h12 Brazil's Central Bank President Roberto Campos Neto said on Sunday his message is "starting to stick" with investors and he expects an increase in capital flows to Latin America's largest economy.. . .  Full story

EU's incoming economy chief calls for less restrictive budget policies

15h24 The European Union needs looser budgetary policies and an overhaul of its fiscal rulebook, the bloc's designated economics commissioner said in an article published on Sunday.. . .  Full story

Brexit will happen on Oct. 31 despite PM's unsigned delay request, UK says

15h06 The British government insisted on Sunday the country will leave the European Union on Oct. 31 despite a letter that Prime Minister Boris Johnson was forced by parliament to send to the bloc requesting. . .  Full story

Osram labour reps reaffirm opposition to AMS takeover offer

14h31 Austria's AMS faces opposition to its 4.5 billion euro ($5 billion) takeover bid for German lighting group Osram from powerful shop stewards at the target company.. . .  Full story

French SMEs that do business with UK poorly prepared for Brexit

13h59 More than half of French small and mid-sized companies that do business with Britain have not assessed the impact of Brexit, according to a French finance ministry survey, weekly newspaper Journal du Dimanche (JDD) reported.. . .  Full story

Shell Egypt to sell assets in Western Desert

13h53 Royal Dutch Shell plans to sell its onshore upstream assets in Egypt's Western Desert to focus on expanding its Egyptian offshore gas exploration, Shell Egypt said on Sunday.. . .  Full story

ANALYSIS-Lira may be Turkey's Achilles heel in Syria battle

12h00 Turkey's ability to sustain its military campaign in Syria may depend in part on what happens far away from the battlefield: in the foreign exchange market.. . .  Full story

ECB's Vasle urges fiscal policy action to boost economy

11h07 The current challenging global economic conditions demand broad macroeconomic policy actions in the euro zone and not just monetary policy actions, ECB Governing Council member Bostjan Vasle said on Sunday.. . .  Full story

Egypt's Qalaa Holdings to increase production capacity to 5.5 mln tons per year

10h55 Egypt's Qalaa Holdings, one of the country's largest investment companies, will operate 100% of its refinery units in January and increase its refinery production capacity to 5.5 million tons per year,. . .  Full story

Russia says it missed oil-deal target due to rise in gas condensate output

10h36 Russia produced more oil in September than envisaged by a global deal due to an increase in gas condensate output as the country prepared for winter, local news agencies reported on Sunday.. . .  Full story

UK's Labour will try to amend Brexit deal legislation

10h34 Britain's opposition Labour Party will try to amend legislation to ratify Prime Minister Boris Johnson's Brexit deal, the party's finance spokesman John McDonnell said on Sunday.. . .  Full story

Lufthansa cabin crew union stages all-day strike at smaller airlines

09h43 German flight attendants' union UFO on Sunday said it would stage an all-day strike at smaller German divisions of airline group Lufthansa in an escalating row over workers' pay and pensions.. . .  Full story

S.Korea downgrades this year's growth target to 2.0-2.1 percent

07h58 South Korea's finance minister said economic growth this year is expected to be around 2.0-2.1%, in line with projections by key international organisations but missing the ministry's target set in early July.. . .  Full story

China's central banker says yuan level "appropriate", trade tensions risk to global economy

01h29 China's top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China's yuan at an appropriate. . .  Full story

Ukraine central bank will gradually cut key rate to 8%

01h26 Ukraine's economy is being buffeted by the trade conflict between China and the U.S, low interest rates in developed countries, and relatively low energy costs.. . .  Full story

IMF to examine climate risk to financial markets -official

01h23 The International Monetary Fund is examining the impact of climate on the world's financial markets and whether it is priced into market valuations, the head of the global lender's markets division said on Saturday.. . .  Full story

Negative rates forever? Central bankers look for an exit

01h11 The world's most powerful policymakers are struggling to alleviate the pain of a slowing global economy with few levers left to pull and growing concern that one of them, negative interest rates, already is. . .  Full story

Fallout from Trump's trade wars felt by economies around the world

00h54 The collateral damage of the United States' trade wars is being felt from the fjords of Iceland to the auto factories of Japan.. . .  Full story

Text of Brexit delay letter Johnson had to send to EU

00h45 British Prime Minister Boris Johnson sent an unsigned letter to the European Union on Saturday requesting a Brexit delay alongside a separate note saying that he did not want an extension, a British government source. . .  Full story

Bahrain making good progress on fiscal balance plan -finance minister

00h41 Bahrain is making good progress on its fiscal consolidation plan and is on track to eliminate its deficit by 2022 as planned, Finance Minister Sheikh Salman bin Khalifa Al Khalifa said on Saturday.. . .  Full story

UK PM Johnson sends photocopied letter to EU asking for Brexit delay - S.Times

19/10 British Prime Minister Boris Johnson sent an unsigned letter to the European Union on Saturday asking for a Brexit delay and sent another message in which he said he did not want an extension,. . .  Full story

UK PM Johnson will ask for Brexit delay after losing parliament vote -EU official

19/10 Boris Johnson will send a letter on Saturday requesting a further extension to Britain's departure from the European Union, an EU official said, with the British prime minister obliged to ask for a delay. . .  Full story

SoftBank seeks to avoid WeWork's liabilities with new investment -sources

19/10 SoftBank Group Corp is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the U.S. office-space sharing firm, according to people familiar with the matter.. . .  Full story

Dutch PM Rutte: spoke with UK's Johnson, wished him success in 'next steps'

19/10 Dutch Prime Minister Mark Rutte said on Saturday he had spoken with Boris Johnson after parliament forced the British prime minister to seek a further delay to Brexit before it votes on the new. . .  Full story

IMF chief pushes for 'peer pressure' to follow, fix global trade rules

19/10 International Monetary Fund members discussed ways to increase "peer pressure" on countries to follow and improve global trade rules to reduce growth-sapping uncertainty, IMF managing director Kristalina Georgieva said on Saturday.. . .  Full story

Tusk to take 'a few days' to consult EU leaders on Brexit delay, official says

19/10 British Prime Minister Boris Johnson confirmed during a call with European Council President Donald Tusk that a Brexit extension request would be sent on Saturday, an EU official said.. . .  Full story

Thousands take to Lebanon's streets in third day of anti-government protests

19/10 Tens of thousands took to the streets of Lebanon on Saturday for a third day of anti-government protests, directing growing rage at a political elite they blame for entrenched cronyism and driving the country to. . .  Full story

Energy revenue drop widens Algeria's trade deficit

19/10 Algeria's energy revenue dropped 11.91% in the first eight months of 2019, causing the country's trade deficit to rise by $1.63 billion from the same period a year earlier, official figures showed on Saturday.. . .  Full story

India's HDFC Bank quarterly net profit rises 27%

19/10 HDFC Bank, India's largest private lender, said on Saturday its net profit rose 27% in the second quarter of its financial year, helped by loan growth and a higher net interest margin (NIM).. . .  Full story

Dam collapse kills at least 15 gold miners in Siberia

19/10 At least 15 gold miners were killed on Saturday when a dam collapsed, flooding an artisanal mining encampment in a remote part of Siberia, officials said.. . .  Full story

African debt stabilising but region faces headwinds - IMF

19/10 Sub-Saharan Africa's public debt load is stabilising but the region's economies face mounting headwinds due to slowing global growth that will weigh on exports, the International Monetary Fund (IMF) said on. . .  Full story

Lebanon's Hezbollah says does not want government to resign

19/10 Lebanon's Hezbollah leader Sayyed Hassan Nasrallah said on Saturday that the group was not demanding the government's resignation amid widespread national protests.. . .  Full story

UK Conservative lawmaker Duncan Smith says time to get Brexit done

19/10 Conservative lawmaker Iain Duncan Smith said he would be voting in favour of British Prime Minister Boris Johnson's European Union divorce deal on Saturday saying it was time to get Brexit done.. . .  Full story

U.S. oil major Chevron says hopeful about maintaining Venezuela presence

19/10 U.S. oil major Chevron Corp said late on Friday it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oil company PDVSA as part of Washington's. . .  Full story

DUP will consider backing amendment to UK PM Johnson's Brexit deal

19/10 Boris Johnson's Northern Irish allies will consider backing an amendment which would delay any immediate decision on the British prime minister's Brexit deal when it comes before parliament on Saturday.. . .  Full story

China's indebted HNA group names chairman's son as president - Caixin

19/10 China's indebted HNA Group has appointed its chairman's son as president as part of business restructuring at the finance-to-aviation conglomerate, Chinese financial magazine Caixin reported on its website on Saturday.. . .  Full story

China says will continue to implement prudent monetary policies

19/10 China's central bank will continue to implement prudent monetary policies and create an appropriate financial environment for high-quality economic growth, Governor Yi Gang said, according to the bank's website.. . .  Full story

Kuroda says BOJ could ease policy more, still has tools available

19/10 Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank could ease monetary policy further if needed to spur growth, shrugging off views that it has used up ammunition to fight the. . .  Full story

Fed's Kaplan says could see financial condition tighten

19/10 Dallas Federal Reserve Bank President Robert Kaplan said on Friday that it "bothers" him that banks now must borrow from each other overnight at higher rates than they would for longer periods - a. . .  Full story

IMF sidesteps clash with U.S. over funding, delays shareholding changes to 2023

19/10 The International Monetary Fund said on Friday its 189 member countries agreed to maintain the IMF's $1 trillion in total lending resources while delaying changes to its shareholding structure to as late as December 2023.. . .  Full story

G20 kicks off debate to regulate 'stablecoins' in hit to Facebook's Libra

19/10 Group of 20 finance leaders on Friday agreed to set strict regulations on cryptocurrencies such as Facebook's Libra, warning that issuance of such "stablecoins" should not be allowed until various global risks they pose have. . .  Full story

Boeing pilots' messages on 737 MAX safety raise new questions

19/10 A Boeing Co senior pilot said he might have unintentionally misled regulators, in a series of internal messages from 2016 that became public Friday, plunging the world's largest airplane maker into a fresh crisis.. . .  Full story

Ecuador's Moreno announces tax reform after rolling back fuel price hike

19/10 Ecuadorean President Lenin Moreno on Friday proposed a new tax on corporations and a simplification of the tax system to improve government finances after a plan to eliminate fuel subsidies was met with violent demonstrations.. . .  Full story

BOJ Kuroda: No talk at G20 of c.banks issuing digital currencies

19/10 Bank of Japan Governor Haruhiko Kuroda said on Friday there was no talk among Group of 20 finance leaders on the possibility of central banks issuing digital currencies, as part of efforts to enhance. . .  Full story

Trump hopes U.S.-China trade deal will be signed by middle of November

19/10 U.S. President Donald Trump on Friday said he thinks a trade deal between the United States and China will be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on. . .  Full story

IMF says deepening negative interest rates an option for Bank of Japan

19/10 Deepening negative interest rates remains an option if the Bank of Japan were to ramp up stimulus, though any such move must be accompanied by fiscal and structural steps to be effective, a senior. . .  Full story

Wheat hits 3-month high on signs of tightening global supplies

19/10 Chicago wheat futures touched a three-month high on Friday, buoyed by rising cash prices and signs of tightening global supplies, analysts said. Soybean futures rose on worries about the size. . .  Full story

Biden expands edge in U.S. Democratic nomination race

19/10 Former Vice President Joe Biden expanded his lead over more than a dozen other candidates for the Democratic presidential nomination this month as Congress looked into allegations that U.S. President Donald Trump tried to pressure. . .  Full story

J&J recalls 33,000 bottles of baby powder as FDA finds asbestos in sample

18/10 Johnson & Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of asbestos in samples taken from a bottle. . .  Full story

DTE Energy expands pipeline unit with $2.25 bln gas network deal

18/10 DTE Energy's midstream business said on Friday it would buy a natural gas gathering system and pipeline in Louisiana's Haynesville shale formation for $2.25 billion in cash, expanding the unit's operations to the Gulf coast.. . .  Full story

Lira may be Turkey's Achilles heel in Syria battle

18/10 Turkey's ability to sustain its military campaign in Syria may depend in part on what happens far away from the battlefield: in the foreign exchange market.. . .  Full story

Loonie posts 11-week high as investors weigh election uncertainty

18/10 The Canadian dollar climbed to its strongest in more than two months against a broadly weaker U.S. counterpart on Friday but gains for the currency were tempered by an uncertain outlook for Canada's federal. . .  Full story

Fitch keeps UK's 'AA' rating amid Brexit uncertainty

18/10 Ratings agency Fitch said on Friday that it is maintaining its 'AA' rating on the United Kingdom, less than 15 days before the country is scheduled to leave the European Union.. . .  Full story

Brexit deal 'good news' but global growth key for BoE rates too - Carney

18/10 Bank of England Governor Mark Carney said Britain's planned Brexit deal would help the country's economy, but "almost existential" worries about global trade wars might prevent the BoE from raising interest rates.. . .  Full story

Dollar weakens on Brexit, shares sapped by weaker China growth

18/10 The dollar posted its worst week in almost four months on Friday, pummelled by sterling and euro rallies driven by a deal on Britain's departure from the European Union, while China's weakest growth in. . .  Full story

Boeing, J&J, dismal China data drag Wall Street lower

18/10 Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boeing, along with bleak economic data from China, soured investor risk appetite and offset generally positive corporate earnings.. . .  Full story

Brazil's real eyes biggest gain in six weeks as dollar wilts

18/10 The Brazilian real was on track to post its biggest percentage gain in six weeks on Monday as the dollar came under pressure ahead of a crucial parliamentary vote on Brexit, while Latin American. . .  Full story

SEI Investments reviewing relationship with money manager Kenneth Fisher

18/10 SEI Investments Co on Friday said it was reviewing its business relationship with the firm of money manager Kenneth Fisher, after he allegedly made insensitive remarks about women at a recent investment conference.. . .  Full story

EXCLUSIVE-Electric Hummer could be part of GM's move into EV trucks, SUVs-sources

18/10 General Motors Co plans to build a new family of premium electric pickup trucks and sport-utility vehicles at its Detroit-Hamtramck plant beginning in late 2021, possibly reviving the imposing Hummer brand on some of them,. . .  Full story

Czech, Slovak investors build stake in Germany's ProSieben

18/10 A group of Czech and Slovak investors said on Friday that it had acquired a stake of 4% in ProSiebenSat.1 Media, the German broadcaster at the centre of speculation on possible consolidation in the European. . .  Full story

EU, China, others, team up to coordinate "green" investment financing

18/10 The European Union, China, India and several other countries teamed up on Friday to coordinate rules and standards for trillions of dollars of private and public "green" investment needed over decades to prevent irreversible climate. . .  Full story

Oil falls as China economic concerns outweigh rising refinery runs

18/10 Oil prices edged lower on Friday, as concerns about China's economy outweighed bullish signals from its refining sector, but losses were limited on hopes for progress toward a U.S.-China trade agreement.. . .  Full story

Carlyle Group quits $1 billion U.S. oil export project -Texas port official

18/10 Carlyle Group has dropped out as a stakeholder in Lone Star Ports LLC, which proposed a $1 billion crude oil export terminal near Corpus Christi, Texas, a port official said on Friday.. . .  Full story

Senior U.S. lawmaker says Boeing must shake-up management after 737 MAX crashes

18/10 The chairman of the U.S. House Transportation and Infrastructure Committee on Friday said Boeing Co must shake-up its management team and Congress must reform how new airplanes are certified following the disclosure of internal messages. . .  Full story

Global policymakers, IMF warn of darkening growth outlook as trade war bites

18/10 Policymakers from the world's major economies on Friday warned that risks posed by trade and geopolitical tensions could slow already-weakening global economic growth, but offered little beyond calls for using all available tools to prevent. . .  Full story

BOE's Carney says Johnson's Brexit deal 'net economic positive' -BBC reporter tweet

18/10 Bank of England Governor Mark Carney said British Prime Minister Boris Johnson's Brexit deal was a "net economic positive" for taking away no deal disorderly Brexit "tail risk", BBC reporter Faisal Islam said in. . .  Full story

Dollar weak as Brexit deal boosts euro, sterling

18/10 The dollar fell sharply against the euro on Friday as the common currency jumped on hopes that a Brexit deal between Britain and the European Union could improve the odds of the euro zone. . .  Full story

'Almost existential' trade worries dominating IMF meetings -BoE's Carney

18/10 Bank of England Governor Mark Carney said on Friday he had not before seen the level of concern among global finance chiefs about barriers to trade that he has witnessed at this week's International. . .  Full story

General Motors strike to slash U.S. October payrolls-JPMorgan

18/10 A month-long strike at General Motors could cut U.S. job growth by as much as 75,000 in October, JPMorgan economist Daniel Silver said on Friday, an unwelcome development amid financial market fears of a recession.. . .  Full story

EU looks beyond new tariffs to bigger trade deal

18/10 European officials struck a measured tone on Friday after the United States imposed new 10% and 25% tariffs on some European Union goods over aircraft subsidies, with a top German official warning against steps. . .  Full story

Chile's Codelco ditches 'green copper' push, eyes wider mine clean-up in two years

18/10 In 2017, the world's largest copper producer - Chile's Codelco - announced a plan to sell "green copper" at a premium price to customers using more sustainable practices like renewable energy and recycled water to. . .  Full story

Gold steadies as concerns on Brexit, trade war linger

18/10 Gold steadied on Friday, helped by a weaker dollar, with the possibility of a no-deal Brexit, uncertainties over U.S-China trade and fears of a global slowdown keeping bullion on track for a small weekly. . .  Full story

Yields fall as market awaits Brexit vote

18/10 U.S. Treasury yields fell on Friday as investors awaited a UK vote on Britain's deal to leave the European Union this weekend, and after a senior Federal Reserve official said the U.S. central bank. . .  Full story

Fed's Clarida keeps rate-cut door open; others less sure

18/10 In their last public comments before the Federal Reserve's next interest-rate decision, U.S. central bankers on Friday left the door open to a further reduction in borrowing costs as they continue to assess how household. . .  Full story

What Hunter Biden did on the board of Ukrainian energy company Burisma

18/10 During his time on the board of one of Ukraine‚Äôs largest natural gas companies, Hunter Biden, the son of former U.S. Vice-President Joe Biden, was regarded as a helpful non-executive director with a powerful. . .  Full story

Lebanon, pushed to the brink, faces reckoning over graft

18/10 Lebanon is closer to a financial crisis than at any time since at least the war-torn 1980s as allies, investors and this week nationwide protests pile pressure on the government to tackle a corrupt. . .  Full story

Global trade uncertainty a reason to ratify USMCA -Mexican minister

18/10 Mexican Finance Minister Arturo Herrera said on Friday the current global uncertainty over trade is another reason to ratify the agreement negotiated last year between his country, the United States and Canada.. . .  Full story

AMS plans new Osram offer: Same price, lower acceptance rate

18/10 Austria's AMS plans to launch a new takeover bid for German lighting group Osram at the same price but lowering the acceptance rate to 55%, to make its vision of becoming a global leader. . .  Full story

Pence to deliver China policy speech next Thursday - White House official

18/10 U.S. Vice President Mike Pence plans to deliver his second major policy speech on China next Thursday, a White House official told Reuters, as hopes that a partial deal between Beijing and Washington to. . .  Full story

Thunberg faces counter-rally by workers in Canada's oil heartland

18/10 Teenage climate activist Greta Thunberg's planned march in Canada's energy heartland of Alberta will face a counter-rally by a convoy of oil and gas workers on Friday.. . .  Full story

String of weak earnings leave European stocks barely up on the week

18/10 Gloomy earnings reports from French carmaker Renault and food group Danone drove European shares lower on Friday, rounding off a tumultuous week that left investors waiting anxiously for the next twist in the Brexit saga.. . .  Full story

U.S. drillers add oil rigs for second week in a row -Baker Hughes

18/10 U.S. energy firms this week increased the number of oil rigs operating for a second week in a row for the first time since June even as producers follow through on plans to reduce. . .  Full story

South Africa's rand rides optimism over new power plan

18/10 South Africa's rand firmed on Friday, building on gains made after the government released a long-delayed plan for electricity generation to address crippling power cuts.. . .  Full story

FTSE feels IHG's pain amid caution ahead of Brexit vote

18/10 London-listed stocks ended a mixed week on a cautious note ahead of a make-or-break parliamentary vote on Brexit, while InterContinental Hotels and oil stocks weighed on the FTSE 100, which closed 0.4% lower.. . .  Full story

Fed's Kashkari: data is 'softer,' need accommodative policy

18/10 Minneapolis Federal Reserve President Neel Kashkari on Friday signaled he continues to support further U.S. interest rate cuts, saying monetary policy should be "somewhat accommodative" given the risks to the economic outlook.. . .  Full story

ECB Draghi's final meeting will be no lap of honour

18/10 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.. . .  Full story

Schlumberger takes $12 bln charge as CEO charts new course

18/10 Schlumberger NV's new chief executive wielded an axe to the company's asset-heavy businesses, taking a $12.7 billion charge in the face of weaker shale drilling and sliding profits.. . .  Full story

EU leaders: united over Brexit, divided over much else

18/10 Summits are usually a chance for European Union leaders to discuss problems and try to strengthen their union. But after two days of talks in Brussels, the only issue they could agree on is. . .  Full story

Copper climbs on Chinese property and infrastructure data

18/10 Copper prices rose on Friday after positive Chinese data on property and infrastructure growth, while zinc and lead hit multi-month highs as investors worried about shortages.. . .  Full story

Facebook's Libra cryptocurrency should be prevented -German finance minister

18/10 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.. . .  Full story

IMF steering committee agrees trade tensions must be resolved, WTO reformed -draft communique

18/10 Global trade tensions are among the top risks to a dimmer global growth outlook and need to be resolved through a reformed World Trade Organization, a draft communique from the International Monetary Fund's Steering Committee. . .  Full story

EXCLUSIVE-Aramco makes relatively little from foreign refining-documents

18/10 Documents from Saudi Aramco show that the world's largest oil firm earns only a limited proportion of its profit from foreign refining ventures, an area in which the company plans huge investment.. . .  Full story

ECB needs to lower inflation target in policy review -Holzmann

18/10 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.. . .  Full story