Incoming European Central Bank President Christine Lagarde said that global growth is ‘fragile’ and ‘under threat’, the AFP news agency reported on Friday. The former International Monetary Fund chief, who is due to take over from ECB President Mario Draghi on Nov. 1, said central bankers must be ‘predictable’Read More →

A rally in bank stocks for the first time in four sessions lifted European shares on Thursday, after the U.S. Federal Reserve cut interest rates but set a higher bar for further reductions. European banks rose 1.4%, the most among the major sectors, also benefiting from investors rotating into underperformingRead More →

Saudi Arabia on Wednesday said weekend attacks on the kingdom’s critical oil infrastructure were “unquestionably sponsored by Iran,” adding the strikes originated from the north and therefore weren’t launched from Yemeni territory. “Despite Iran’s effort to make it appear so,” the attack didn’t come from Yemen, said Turki al-Maliki, aRead More →