Watch the webcast live from Frankfurt, as European Central Bank President Christine Lagarde explains the Governing Council's monetary policy decisions taken today and answers questions from journalists. This press conference, the last of troublesome 2020, is a widely anticipated event by investors. Follow it live, in English right here, right now. ...
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By Tom Wilson LONDON (Reuters) - Central banks are split over whether to collaborate with the private sector in payments, a think-tank said on Thursday, underscoring questions over the role of finance and technology firms as they work on innovations such as digital currencies. Over half of central banks expect countries to work with the private sector in building and running payments...
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(Bloomberg) -- The European Central Bank escalated its efforts to shield the euro zone from a possible double-dip recession with another burst of monetary stimulus to lock in low interest rates at least until the pandemic crisis is over. Policy makers increased and extended emergency bond purchases, and approved more more/cheaper long-term loans to...
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(Reuters) - Britain told the European Union on Thursday that it must make significant concessions to break the impasse in Brexit trade talks to give some clarity about the finale to the five-year-old Brexit crisis. Any trade deal struck at this late stage before the Brexit transition ends on Dec. 31 is likely...
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By Phil Noble and Sonya Dowsett CHESTER, Britain (Reuters) - Browns department store has traded from pride of place on Eastgate Street in the northern English city of Chester since 1791, selling fashion, perfumes and afternoon tea to locals and tourists visiting the historic centre. But the future of the imposing columned building...
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Adobe (NASDAQ:ADBE) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. Adobe announced earnings per share of $2.81 on revenue of $3.42B. Analysts polled by Investing.com anticipated EPS of $2.67 on revenue of $3.36B. Adobe shares are up 46% from the beginning of the year and are trading at $484.00 , down-from-52-week-high.They are...
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By Geoffrey Smith Investing.com -- The European Central Bank is expected to announce fresh monetary stimulus, the FDA is set to approve Pfizer 's Covid-19 vaccine, jobless claims and CPI numbers are due, AirBnB starts trading after the second blowout IPO in as many days, and the Brexit can gets kicked another four days down the road. Here's what you...
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BRUSSELS (Reuters) - The European Union wants to give Britain access to its single market of 450 million consumers, the head of the European Commission Ursula von der Leyen said on Thursday, but conditions for that access must be fair and are still not met. "I had a very long conversation last night with (British) Prime Minster Boris Johnson. It was a...
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OSLO (Reuters) - British utility Centrica (LON:CNA) has signed two long-term power purchase agreements (PPAs) covering 345 megawatts (MW) of capacity with Finnish renewables developer and fund manager Taaleri Energia, it said on Thursday. Under the first five-year deal starting with immediate effect, Centrica’s trading unit will offtake Taaleri’s power production from 13 Finnish renewables sites totalling 312 MW and...
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By Costas Pitas LONDON (Reuters) - Japanese carmaker Honda hopes to restart production at its British factory on Monday after halting output because of transport-related delays that caused a shortage of parts. Britain's major container ports, such as Felixstowe, have been hit by the COVID-19 pandemic, which has disrupted global trade, leaving containers...
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