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France would back Dutch veteran Knot to lead ECB, wants chief economist job, sources say

France would back Dutch veteran Knot to lead ECB, wants chief economist job, sources say

By Michel Rose and Balazs Koranyi PARIS/FRANKFURT, Sept 15 (Reuters) - France would back Dutchman Klaas Knot to succeed Christine Lagarde as head of the European Central Bank provided the powerful post of ECB chief economist went to a French candidate, people familiar with the matter have told
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ECB Staff Seek Clarity Amid Rumors of President Lagarde's Early Departure

ECB Staff Seek Clarity Amid Rumors of President Lagarde's Early Departure

Staff representatives at the European Central Bank (ECB) have called for greater transparency regarding rumors that President Christine Lagarde may leave her position before her term concludes in October 2027. In a letter addressed to the ECB’s Executive Board, the staff committee highlighted concerns that prolonged uncertainty surrounding potential leadership changes could erode trust in the central bank's communications, create anxiety among employees and stakeholders, and complicate preparations for succession and internal reforms. While Lagarde has publicly stated her intention to remain in office, she has not explicitly committed to serving her full eight-year term, fueling speculation about a possible early departure for another senior role, such as chair of the World Economic Forum. The staff committee's intervention focuses on the institutional consequences of such uncertainty rather than Lagarde's personal plans, emphasizing the need for clarity to maintain stability and confidence within the inst...
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Stocks rise as oil falls, bonds steady ahead of Fed decision

Stocks rise as oil falls, bonds steady ahead of Fed decision

By Shashwat Chauhan Sept 16 (Reuters) - Global stocks advanced on Wednesday as recent rises in government bond yields and oil prices stalled ahead of a key U.S. Federal Reserve interest-rate decision later in the day.
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European Central Bank President Christine Lagarde Highlights European Investment in U.S. AI Boom

European Central Bank President Christine Lagarde Highlights European Investment in U.S. AI Boom

European Central Bank President Christine Lagarde Highlights European Investment in U.S. AI Boom
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Wall Street edges higher ahead of the Fed's decision as oil prices and bond yields ease

Wall Street edges higher ahead of the Fed's decision as oil prices and bond yields ease

Wall Street is edging higher as it waits to hear from the Federal Reserve
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What AI leaders and world governments have to say about 'AI doom' fears

What AI leaders and world governments have to say about 'AI doom' fears

Sept 16 (Reuters) - AI industry leaders are split over how fast companies should develop the increasingly powerful technology: Anthropic's Dario Amodei, OpenAI's Sam Altman and SpaceX's Elon Musk are seeking a coordinated slowdown, while Meta's Mark Zuckerberg favors market-led safeguards.
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Factbox-Tech leaders, governments split over 'AI doom' fears

Factbox-Tech leaders, governments split over 'AI doom' fears

Sept 16 (Reuters) - AI industry leaders are split over how fast companies should develop the increasingly powerful technology: Anthropic's Dario Amodei, OpenAI's Sam Altman and SpaceX's Elon Musk are seeking a coordinated slowdown, while Meta's Mark Zuckerberg favors market-led safeguards.     
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World shares mostly advance after Wall Street slips following Fed's rate hike decision

World shares mostly advance after Wall Street slips following Fed's rate hike decision

World shares have mostly advanced, despite Wall Street closed lower following the Federal Reserve’s interest rate hike decision for the first time in three years
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Exclusive-France would back Dutch veteran Knot to lead ECB, wants chief economist job, sources say

Exclusive-France would back Dutch veteran Knot to lead ECB, wants chief economist job, sources say

By Michel Rose and Balazs Koranyi PARIS/FRANKFURT, Sept 15 (Reuters) - France would back Dutchman Klaas Knot to succeed Christine Lagarde as head of the European Central Bank provided the powerful post of ECB chief economist went to a French candidate, people familiar with the matter have told
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Global bond yields hit 2008 highs, raising stakes for big borrowers

Global bond yields hit 2008 highs, raising stakes for big borrowers

By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON, Sept 15 (Reuters) - Government borrowing costs hit their highest since the 2008 financial crisis on Tuesday, with 10-year U.S.
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Global bond yields hit fresh highs, raising stakes for big borrowers

Global bond yields hit fresh highs, raising stakes for big borrowers

By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON, Sept 15 (Reuters) - Government borrowing costs hit their highest level since the 2008 financial crisis on Tuesday, with 10-year U.S.
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Factbox-How AI leaders and world governments react to 'AI doom' fears

Factbox-How AI leaders and world governments react to 'AI doom' fears

Sept 15 (Reuters) - Anthropic CEO Dario Amodei called for a slowdown in the pace of advanced AI development on Saturday, winning rare backing from SpaceXAI's Elon Musk and OpenAI CEO Sam Altman and sparking a debate over AI "doomerism".