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MARKETS were widely anticipating that President Donald Trump would use his speech to the Economic Club of New York on Tuesday to trumpet progress on reaching the first phase of a trade deal with China.
BERLIN (Reuters) - Germany needs massive investments in infrastructure and the government should be prepared to make them even if it means running a budget deficit, aspiring Social Democrat (SPD) leader Norbert Walter-Borjans said on Tuesday.
FRANKFURT: Germany’s recent glimmer of hope after a year of industrial doldrums risks coming too late to prevent wider weakness from taking hold.
Frankfurt: The European Central Bank’s (ECB) next German policy maker will bring with her an extensive portfolio of research into how financial systems throughout history have coped with war, bubbles and hyperinflation.
FRANKFURT: Commerzbank AG downgraded its full-year profit outlook, marking a second retreat in just weeks by chief executive officer Martin Zielke as he grapples with rock-bottom interest rates and increased competition.
NEW YORK: The dollar strengthened and global stock markets rallied on Monday on signs the United States and China are nearing the end of a damaging trade war as well as indications the world economy may dodge a recession.
SYDNEY: Major currencies started the week in a quiet mood with a holiday in Tokyo making for thin trading conditions and investors waiting to hear the first official speech from the new head of the European Central Bank later in the session.
WASHINGTON/FRANKFURT/TOKYO: Easing come. Easing go. A concentrated burst of interest rate cutting and other measures to loosen global financial conditions by the world's central bankers looks to have largely run its course
ZURICH: Christine Lagarde is about to get a harsh snapshot of the challenges that face her when she takes up the European Central Bank presidency this week.
DOES the United States President Donald Trump really have the key to unlock uncertainty and shattered confidence, as incoming European Central Bank chief Christine Lagarde says he has?