ECB expands its bond-buying program as coronavirus resurgence weighs on the economic recovery
Markets had largely expected the central bank to add to its bond buying, having vowed back in October to “recalibrate its instruments.”
Financial News
European Central Bank set to increase its stimulus as Covid lockdowns blight the economic recovery
President of the European Central Bank (ECB) Christine Lagarde reacts during a meeting prior’s to attend a European Parliament’s Committee on Economic Affairs at the EU Parliament, in Brussels, on …
A 90-year-old woman gets first Covid vaccine in UK, as massive rollout begins
Margaret Keenan, 90, is the first patient in the United Kingdom to receive the Pfizer/BioNtech covid-19 vaccine at University Hospital, Coventry. Pool | Getty Images News | Getty Images LONDON …
China’s foreign minister calls for less U.S. ‘interference’ in domestic affairs
Chinese Foreign Minister Wang Yi speaks at a news conference after restoring diplomatic ties with Kiribati on the sidelines of the United Nations General Assembly in New York, U.S. September …
Sterling dives as Brexit talks hang in the balance
The pound’s move lower comes amid escalating fears that U.K. and EU negotiators may fail to reach a deal before the end-of-year deadline.
StanChart CEO Bill Winters says digital currencies’ widespread rollout is ‘absolutely inevitable’
Key Points Standard Chartered’s Bill Winters has said the creation and adoption of digital currencies is “absolutely inevitable.” The CEO told Singapore’s FinTech Festival the rollout would be led by …
Banks face two major risks in 2021, says CEO of Singapore’s largest bank DBS
DBS CEO talks about why customer experience matters in the banking industry Squawk Box Asia SINGAPORE — Global banks will be confronted by two major headwinds next year: rising defaults …
China hands out $3 million of digital yuan as JD.com becomes first online platform to accept it
The digital yuan, which is controlled and issued by the People’s Bank of China, is what’s known as a central bank digital currency (CBDC). The central bank calls its project …
Brexit talks reach critical point as UK says chances of deal are receding
Michel Barnier, European Union (EU) chief negotiator, departs from his hotel to attend Brexit talks in London, U.K. Bloomberg | Bloomberg | Getty Images LONDON — The U.K. and European …
Lawmakers unveil bipartisan $900 billion coronavirus stimulus package as stalemate drags on
VIDEO 4:34 04:34 Sen. Mark Warner on bipartisan push for extended coronavirus relief Squawk Box Bipartisan lawmakers unveiled a coronavirus stimulus package Tuesday after months of congressional inaction on curbing …