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Christine Lagarde’s nomination as president of the European Central Bank (ECB) takes Mario Draghi a step closer to the end of his term. The Italian academic will step down in October after eight momentous years, during which he made the ECB the most important institution in the monetary union.That doesn’t mean, however, that he should retire from front-line policymaking. A job swap with Lagarde, which would see Draghi become the managing director of the International Monetary Fund (IMF), would be a boon for the global economy.
REVIEW: The bullish vibes from the trade truce struck between Washington and Beijing helped to reinforce the local market’s current uptrend.Global equities experienced a lift at the start of the week’s trading in the wake of the US promise to suspend further tariffs on Chinese goods while easing restrictions on Huawei.
THE US administration recently agreed to a ceasefire in the ongoing trade war with China and stated that additional tariffs will not be imposed. However, it is still too early to assume that trade tensions have subsided after the recent G20 truce, given past developments.
AIX-EN-PROVENCE, France: European finance ministers need to find a compromise candidate to replace Christine Lagarde as the head of the International Monetary Fund, French Finance Minister Bruno Le Maire said.
KIEV (Reuters) - Standing on stage in a black t-shirt, Ukrainian rock star Sviatoslav Vakarchuk turns to his massed ranks of fans and asks if they are fed up about how their country is run.
BRUSSELS (Reuters) - The European Union wants to have a European candidate to replace Christine Lagarde at the helm of the International Monetary Fund, a senior EU official said on Monday.
DUBAI (Reuters) - Iran's decision to further challenge the United States by boosting its uranium enrichment beyond limits in its 2015 nuclear deal has deepened fears among Iranians that their country will remain in crisis mode over the long term.
ATHENS (Reuters) - The far-right Golden Dawn party has failed to win a single seat in Greece's new parliament, an outcome political analysts said reflects a slow improvement in the country's fortunes after years of wrenching economic crisis.
BERLIN (Reuters) - There is no foundation to a newspaper report that said Germany and France had agreed some time ago to support the Bank of England's Mark Carney as a replacement for IMF chief Christine Lagarde, a German Finance Ministry spokesman said.