Why Trump prefers Mario Draghi over Jerome Powell

As the US president at last gets his interest rate cut he must wish he could have had the bold ECB boss at the FedCentral bankers rarely say anything that sticks in the memory. Mark Carney has been at the Bank of England for the past six years and is k…

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US economy slows to 2.1% annual GDP growth in second quarter – business live

Rolling coverage of the latest economic and financial news as US figures show slowdown was less severe than expectedSports Direct shares fall as company delays results for a second time UK weather: rail travel disrupted after extreme heat causes chaosS…

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ECB signals it will move to boost growth amid fears of low inflation

Outgoing president says outlook is worsening and inflation is well below targetThe European Central Bank has given a clear signal that it will join the US Federal Reserve in seeking to boost global growth as it expressed concern about flagging levels o…

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Euro hits two-year low after ECB signals future stimulus – business live

Rolling coverage of the latest economic and financial news as Mario Draghi prepares central bank for interest rate cutsNissan to axe 12,500 jobs worldwide but Sunderland appears safeUK railways in chaos as searing heat sparks fear of derailed trainsUS …

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Central banks are facing a lose-lose proposition | Mohamed El-Erian

Unconventional policies may have staved off short-term economic collapse but they may not foster long-term growthIn recent years, central banks have made a large policy wager. They bet that the protracted use of unconventional and experimental measures…

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Will Mark Carney and George Osborne vie for the top IMF job?

The BoE governor stands more chance than the ex-chancellor but the likely choice may just be a Bulgarian womanEver since he set his departure date from the Bank of England, there has been speculation about what Mark Carney will do next. There are not t…

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Share prices rally at Lagarde’s nomination as ECB president

Move reinforces expectations of fresh stimulus package for ailing eurozone economyThe prospect of a fresh stimulus package to support the ailing eurozone economy when Christine Lagarde takes up the reins as boss of the currency bloc’s central bank sent…

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Trade wars could shipwreck global economy, warns Mark Carney

Bank of England boss says Donald Trump’s widening trade spats and Brexit uncertainty are denting growthTrade tensions triggered by Donald Trump’s tariff policies could “shipwreck” the global economy and are having a chilling effect on growth, the gover…

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Donald Trump attacks ECB for ‘currency manipulation’

Global trade war fears deepen after US president reopens EU spat after talk of new rate cut planDonald Trump has accused the European Central Bank (ECB) of unfairly manipulating the euro, further raising the stakes for Washington in its trade and diplo…

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