Saturday, 20 April 2019

Tag Archives: ECB

ECB seen taking tentative step to prop up ailing euro zone

FRANKFURT: The European Central Bank will slash growth forecasts on Thursday and is likely to provide its strongest signal yet that fresh stimulus is coming in the form of more cheap loans, hoping to stop an unexpected slowdown from becoming a downturn. With a global trade war and Brexit uncertainty ...

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England cricket chief backs ‘Hundred’ despite Kohli concerns

LONDON: English cricket’s top administrator believes the world game’s best players will be involved when the controversial new Hundred tournament is launched next year, despite the scepticism of India captain Virat Kohli. Tom Harrison, the chief executive of the England and Wales Cricket Board, has insisted the eight-team domestic competition, ...

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Ben Stokes can still be a role model, says Tom Harrison

LONDON: Ben Stokes can still be a role model despite his part in a fight outside a Bristol nightclub in September 2017, says England and Wales Cricket Board chief executive Tom Harrison. England all-rounder Stokes, 27, was cleared of affray in August. He missed five months of England games, including ...

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ECB set to remove support as clouds gather

FRANKFURT: Policymakers at the European Central Bank will remove a key pillar of their support for the eurozone economy as planned, even while offering a gloomier outlook for the coming years, analysts expect. But with financial markets in turmoil over risks in Europe and beyond – from Brexit to an ...

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Leicestershire CEO Wasim Khan appointed as new PCB MD

LAHORE: Wasim Khan, English county Leicestershire’s chief executive, has been appointed as the new managing director of the Pakistan Cricket Board. Wasim, who has been one of the leading lights of the ECB’s drive to engage British Asians in English cricket, forged his career as CEO of the schools’ cricket ...

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ECB concerned about Commerzbank strategy

FRANKFURT: Supervisors at the European Central Bank have conducted a special audit of Commerzbank’s  business plans until 2021 and discovered major weaknesses, a German newspaper reported on Friday. The Sueddeutsche Zeitung, citing unnamed supervisory sources, said the ECB was particularly concerned about the German lender’s business for corporate clients, an ...

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ECB to focus on bond-buying exit as threats mount

FRANKFURT: European Central Bank President Mario Draghi will press ahead with his exit from massive stimulus Thursday, analysts expect, playing down multiplying threats to economic good times in the eurozone. The list of potential pitfalls runs from a growing intra-EU row over the Italian budget to increasing risk of a ...

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Moeen Ali’s ‘Osama’ probe closed by cricket Australia

MELBOURNE: Cricket Australia (CA) on Monday closed an investigation into Moeen Ali’s complaint of being addressed as “Osama” by an Australian player during the 2015 Ashes series as no fresh details emerged during the inquiry. Moeen had made the claim in his autobiography earlier this month. “An Australian player turned ...

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Digital revolution has only small impact on inflation: ECB’s Weidmann

Reuters FRANKFURT: Rapid technological advances cut inflation only marginally and temporarily, Bundesbank President Jens Weidmann said, weighing in on one of the biggest debates in modern central banking. With much of the industrialised world struggling with anaemic inflation levels, some economists argue that rapid technological development keeps a lid on ...

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England’s Stokes acquitted of affray

BRISTOL: England cricketer Ben Stokes was found not guilty of affray in a unanimous decision by a jury in less than three hours of deliberations following a trial at Bristol Crown Court. The 27-year-old – whose co-defendant Ryan Ali was also found unanimously not guilty – had been charged following ...

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