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ECB ‘absolutely determined’ to fight euro fragmentation risk: Villeroy
PARIS (Reuters) – The European Central Bank is determined to prevent fragmentation between euro zone countries, ECB policymaker Francois Villeroy de Galhau said on Wednesday following a surge in borrowing costs between countries. As the outbreak of coronavirus spurs investor risk aversion, the difference in yields has blown out in recent days between highly debt-laden […]
Underperforming Euro auto shares reflect fear of new front in U.S. trade wars
By Danilo Masoni and Julien Ponthus MILAN/LONDON (Reuters) – Euphoric stock markets celebrated the China-U.S. trade truce by marking record highs but European auto shares continue to suffer, reflecting the stress the industry is under and fears U.S. President Donald Trump will target Europe next. There’s no shortage of issues which could trigger a fresh […]
Canada gains surprise 30,300 jobs in February, posts wider-than-expected trade deficit
By Kelsey Johnson OTTAWA (Reuters) – Canada gained a higher-than-expected 30,300 net jobs in February while the unemployment rate rose to 5.6%, official data showed on Friday, but analysts said the data was unlikely to trigger a rethink at the Bank of Canada as it tries to shield the economy from the effects of a […]