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Factbox-Key candidates to replace ECB President Lagarde

Factbox-Key candidates to replace ECB President Lagarde

FRANKFURT, Sept 15 (Reuters) - France could back former Dutch central bank chief Klaas Knot to succeed Christine Lagarde as head of the European Central Bank as part of a bargain in which a French candidate would be picked for chief economist, sources told Reuters.
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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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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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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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European Investment Bank Funds Major Railway Upgrade in Romania

European Investment Bank Funds Major Railway Upgrade in Romania

The European Investment Bank (EIB) has signed a €630 million financing agreement with Romania for the significant upgrade of the Brașov–Sighișoara railway line. This project involves modernizing 113 kilometers of double-track, electrified railway in central Romania. The total estimated cost for the entire project is €2.25 billion, with additional funding coming from EU instruments and national state contributions. The upgrade aims to enhance the railway's capacity for both passenger and freight traffic, improve travel times, and increase overall reliability and safety. Once completed, the line will be able to accommodate passenger trains at speeds up to 160 km/h and freight trains at up to 120 km/h. The project is expected to facilitate approximately 4 million passengers and 6 million tonnes of freight annually, with capacity for up to 29 passenger and 22 freight trains daily. This railway segment is a critical part of the Rhine-Danube and Baltic Sea–Black Sea–Aegean Sea Trans-European Network-Transport (T...
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Bank of England to hold rates but energy shock stirs talk of a hike

Bank of England to hold rates but energy shock stirs talk of a hike

By Andy Bruce MANCHESTER, England, Sept 17 (Reuters) - The Bank of England looks set to keep interest rates on hold on Thursday but investors are watching for any hint that surging energy prices could force it to follow the example of the U.S.
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Stocks give up early gains and fall after the Fed hikes interest rates; Dow loses 750 points

Stocks give up early gains and fall after the Fed hikes interest rates; Dow loses 750 points

U.S. stocks fell after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation’s high inflation under control
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Euro zone wage growth slows, only modest uptick seen

Euro zone wage growth slows, only modest uptick seen

FRANKFURT, Sept 16 (Reuters) - Euro zone wage growth continued to slow last quarter even as inflation picked up, and negotiated wage contracts point to only a mild pickup next year, offering European Central Bank policymakers comfort that price growth remains under control.
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ECB's Kazaks sees growing case for more tightening

ECB's Kazaks sees growing case for more tightening

By Francesco Canepa FRANKFURT, Sept 14 (Reuters) - The European Central Bank may need to gradually raise interest rates further to curb inflation before an Iran war-driven rise in fuel costs starts seeping through to wages and other prices, ECB policymaker Martins Kazaks told Reuters.
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Europe facing unprecedented risk of being cut off from AI, Lagarde warns

Europe facing unprecedented risk of being cut off from AI, Lagarde warns

FRANKFURT, Sept 14 (Reuters) - Europe must become a producer of artificial intelligence technology, partly to preserve its own autonomy and achieve the efficiency gains needed to maintain its way of living, ECB President Christine Lagarde said on Monday.
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ECB's Kazimir shifts focus to gas prices, sees upside inflation risk

ECB's Kazimir shifts focus to gas prices, sees upside inflation risk

FRANKFURT, Sept 14 (Reuters) - Euro zone inflation could turn out higher than already elevated projections and the development of natural gas and power prices is becoming a key concern, European Central Bank policymaker Peter Kazimir said on Monday.
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ECB's attention shifting to natural gas as prices soar

ECB's attention shifting to natural gas as prices soar

FRANKFURT, Sept 14 (Reuters) - Euro zone inflation could turn out higher than already elevated projections and recent energy price developments are concerning, particularly the surge in natural gas costs, European Central Bank policymakers said on Monday.