Mark Carney
BoG at fore in battle against climate change
The Bank of Greece is, with the Bank of England and the European Central Bank, at the forefront of the battle to tackle climate change through the promotion of sustainable finance, according to the London-based Official Monetary and Financial Institutions Forum.
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Tsakalotos among possible candidates for top job at IMF, CNBC reports
As the International Monetary Fund prepares to choose a new managing director to replace Christine Lagarde, who is to leave the post in the coming months, CNBC has reported that former Greek Finance Minister Euclid Tsakalotos is among the candidates in the running for the job.
U.S. President Donald Trump: Facebook Needs a Bank License for Its Cryptocurrency
U.S. President Donald Trump on Thursday said he's "not a fan" of cryptocurrencies, and suggested that Facebook may need a banking charter if the company wants to launch Libra.
In a series of Twitter posts, Trump said cryptocurrencies are not money and "Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity."
May and Juncker Hold Brexit Meet, Agree New Talks
Britain and the EU agreed Thursday to hold more talks to try to avoid a no-deal Brexit, after a "robust" meeting between Prime Minister Theresa May and European Commission chief Jean-Claude Juncker, reports AFP.
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UK to Seek EU Mutual Recognition Deal For Financial Services
Britain's government is ready to push for a mutual recognition system to regulate financial services after it leaves the EU in order to preserve the City of London's access to the bloc, Reuters reported on Friday.
Fall in Migration After Brexit Could Push Up Inflation
A sharp fall in migrant workers coming to Britain as a consequence of Brexit could push up wages and cause a spike in inflation in the short term, according to the governor of the Bank of England, quoted by the Guardian.
Mark Carney was setting out his view on inflation days after the Bank's rate-setting panel indicated it could raise interest rates for the first time in a decade.
Britain unveils Jane Austen bank note on anniversary
The Bank of England on July 18 unveiled a new bank note featuring Jane Austen to coincide with the author's death 200 years ago after a campaign to include more women on Britain's currency.
The new note worth ten pounds ($13, 11.3 euros) and made of polymer instead of paper will enter circulation in September.
Money managers can’t seem to offload gold fast enough
A month ago, money managers were the most optimistic on gold this year. Now, they can’t seem to unload bullion fast enough.
London finance chief upbeat after Brexit trigger
The outlook for London's financial sector has improved since Brexit was triggered, insists the man charged with its policy, even as banks remain set to move some jobs abroad.
Mark Boleat, who spoke on Thursday to AFP after British Prime Minister Theresa May activated the process for Britain's EU exit, nevertheless urged speedy trade talks to minimize disruption.
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EU top negotiator wants 'special' Brexit deal with UK finance sector: Report
The European Union's chief Brexit negotiator has told colleagues that they need to strike a "special" deal with Britain's finance sector in order to keep credit flowing to the continent, the Guardian reported on Jan. 13.