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London, Sept. 10 (Jiji Press)--The U.S. financial authorities carried out a foreign exchange intervention worth 500 million euros to prop up the yen on July 31, European Central Bank President Christine Lagarde said Thursday. "I'm not going to comment" on any foreign exchange intervention of any kind, Lagarde told a press conference in Berlin. But she disclosed the size of the euro-selling,...
For the first time, French champagne producers are allowed to sell their bubbly with more than 13% alcohol, as record heatwaves and drought have resulted in grapes containing unusually high levels of sugar. They fear that climate change may eventually force them to permanently rewrite the rules governing winemaking. Also in the segment, the European Central Bank raised interest rates for the second time this year amid higher energy costs, as a potential new gas crisis looms over Europe.
US equity futures waver ahead of PPI data, Oracle earnings and a rate decision from the European Central Bank. Brent crude reaches $102 a barrel as Iran is said to be ready to intensify its counterattacks if the US continues its strikes. President Trump pledges a $5,000 payout to voters if the Republican party wins the midterm elections. The president is set to speak again at the Republican National Convention in Dallas today. Jack Caffrey of JPMorgan Asset Management joins "Bloomberg Brief" to recap this earnings season. This video has been edited to correct a graphic to note that ECB President Christine Lagarde is scheduled to speak. Lagarde's name was misspelled at 00;41;26;29 (Source: Bloomberg)
The European Central Bank is set to raise borrowing costs for the second time since the start of the Iran war. The deposit rate will be lifted by a quarter-point to 2.5% on Thursday, according to all but one analyst in a Bloomberg poll. Bloomberg's Oliver Crook reports from Berlin. (Source: Bloomberg)
Marieke Blom, chief economist and global head of research at ING, discusses the outlook for tomorrow's European Central Bank decision on interest rates. "If you look at core inflation, services, wages, and so forth, we don't see that much inflationary pressure," Blom tells Bloomberg Television. "We believe that one rate hike could be enough." (Source: Bloomberg)
UBS Wealth Management France CIO Claudia Panseri discusses the Yen as global bond yields surged on inflation concerns. She speaks with Lizzy Burden on Bloomberg TV. (Source: Bloomberg)