Group of Thirty http://www.globalpost.com/taxonomy/term/24786/all en Obama to nominate Lew as Treasury secretary Thursday -source http://www.globalpost.com/dispatch/news/thomson-reuters/130109/obama-nominate-lew-treasury-secretary-thursday-source <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON, Jan 9 (Reuters) - U.S. President Barack Obama will nominate White House chief of staff Jack Lew as his next Treasury secretary on Thursday, replacing Timothy Geithner, according to a source familiar with the matter.</p> <p>Lew had been widely expected to be tapped for the role. He has served as budget director for Obama and for former President Bill Clinton.</p> Business Council on Foreign Relations Entertainment Environment Group of Thirty Health Politics Timothy Geithner Thomson Reuters Wed, 09 Jan 2013 16:30:04 +0000 5732199 at http://www.globalpost.com European shares buoyed by China data http://www.globalpost.com/dispatch/news/thomson-reuters/130110/european-shares-buoyed-china-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 10 (Reuters) - European shares saw modest early gains on Thursday after more evidence of improving economic conditions in China, though investors were cautious before a policy decision from the European Central Bank later in the session.</p> <p>The FTSEurofirst 300 was up 0.1 percent at 1,169.34 by 0808 GMT, extending the previous session's 0.7 percent advance, boosted by miners following strong trade data from top metals consumer China.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/european-shares-buoyed-china-data" target="_blank">read more</a></p> Central bankers Group of Thirty Mario Draghi Thomson Reuters Thu, 10 Jan 2013 08:30:43 +0000 5732513 at http://www.globalpost.com ECB's Draghi sees signs of euro zone economic stabilisation http://www.globalpost.com/dispatch/news/thomson-reuters/130110/ecbs-draghi-sees-signs-euro-zone-economic-stabilisation <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>FRANKFURT, Jan 10 (Reuters) - The European Central Bank said on Thursday that recent economic surveys and indicators had shown signs of stabilising, suggesting an improved picture later in the year.</p> <p>"The economic weakness in the euro area is expected to extend into 2013," ECB President Mario Draghi said at a news conference. "Later, in 2013, economic activity should gradually recover.</p> <p>"Several ... indicators have broadly stabilised, albeit at low levels and financial market confidence has improved significantly," he said.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/ecbs-draghi-sees-signs-euro-zone-economic-stabilisation" target="_blank">read more</a></p> Economics European Union Group of Thirty Mario Draghi Thomson Reuters Thu, 10 Jan 2013 14:45:33 +0000 5732600 at http://www.globalpost.com UPDATE 4-ECB keeps rates on hold, sees recovery later in 2013 http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-4-ecb-keeps-rates-hold-sees-recovery-later-2013 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* ECB holds rates at 0.75 pct, as expected</p> <p>* Rate cut not discussed, unlike last month</p> <p>* Draghi says recovery to take hold later in 2013</p> <p>* Signs of stabilisation and substantial market improvement</p> <p>By Eva Kuehnen</p> <p>FRANKFURT, Jan 10 (Reuters) - The euro zone economy will recover later in 2013 and there are already some signs of stabilisation, the European Central Bank said on Thursday after it unanimously held interest rates at a record low.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-4-ecb-keeps-rates-hold-sees-recovery-later-2013" target="_blank">read more</a></p> European Central Bank European Union Group of Thirty Mario Draghi Thomson Reuters Thu, 10 Jan 2013 14:47:24 +0000 5732626 at http://www.globalpost.com Berlusconi says would back Draghi as Italy president; ECB demurs http://www.globalpost.com/dispatch/news/thomson-reuters/130115/berlusconi-says-would-back-draghi-italy-president-ecb-demurs <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>ROME, Jan 15 (Reuters) - Former Italian prime minister Silvio Berlusconi said on Tuesday he would back Mario Draghi if the head of the European Central Bank was proposed as the country's next president, a prospect the bank ruled out.</p> <p>Berlusconi, who will lead a centre-right coalition into national elections next month, said former Bank of Italy governor Draghi would be a good successor to current head of state Giorgio Napolitano, who will step down by May.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/berlusconi-says-would-back-draghi-italy-president-ecb-demurs" target="_blank">read more</a></p> Central bankers Entertainment Group of Thirty Italy Thomson Reuters Tue, 15 Jan 2013 13:15:28 +0000 5734691 at http://www.globalpost.com EU watchdog clears Draghi to keep outside finance seat http://www.globalpost.com/dispatch/news/afp/130204/eu-watchdog-clears-draghi-keep-outside-finance-seat <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>An EU watchdog on Monday authorised ECB head Mario Draghi to keep his seat on a global finance body gathering some of the industry's most powerful figures, dismissing a complaint from ethics campaigners.</p> <p>European Union Ombudsman P. Nikiforos Diamandouros said Draghi's membership of the Group of Thirty "does not undermine ECB independence."</p> <p>Corporate Europe Observatory argued that the Group of Thirty is a "lobbying vehicle" for promoting private financial interests and called on the ECB to require Draghi to resign. </p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130204/eu-watchdog-clears-draghi-keep-outside-finance-seat" target="_blank">read more</a></p> Central bankers Group of Thirty Mario Draghi Technology AFP Mon, 04 Feb 2013 12:17:05 +0000 5745259 at http://www.globalpost.com Former US Treasury Sec. Geithner to join Council on Foreign Relations http://www.globalpost.com/dispatch/news/thomson-reuters/130206/former-us-treasury-sec-geithner-join-council-foreign-relations <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON, Feb 6 (Reuters) - Former U.S. Treasury Secretary Timothy Geithner is set to join the Council on Foreign Relations as a distinguished fellow, the New York-based policy think tank said on Wednesday.</p> <p>Geithner stepped down as President Barack Obama's treasury secretary on Jan. 25, handing the reins temporarily to his deputy, Neal Wolin. Obama's pick to succeed Geithner, former White House chief of staff Jack Lew, is awaiting congressional confirmation.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130206/former-us-treasury-sec-geithner-join-council-foreign-relations" target="_blank">read more</a></p> Business Council on Foreign Relations Entertainment Environment Group of Thirty Health Politics Technology Timothy Geithner Thomson Reuters Wed, 06 Feb 2013 17:00:06 +0000 5747795 at http://www.globalpost.com UPDATE 1-Geithner plans book on battling financial crisis http://www.globalpost.com/dispatch/news/thomson-reuters/130206/update-1-geithner-plans-book-battling-financial-crisis <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON, Feb 6 (Reuters) - Timothy Geithner, who played a lead role battling the global financial crisis both at the U.S. Treasury and New York Federal Reserve, is planning to write a book on the U.S. response, a spokeswoman said on Wednesday.</p> <p>Geithner, who was the longest-serving member of President Barack Obama's economic team when he stepped down as secretary of the Treasury last month, is credited with helping to calm the financial storm that swept through Wall Street in 2007-2009.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130206/update-1-geithner-plans-book-battling-financial-crisis" target="_blank">read more</a></p> Business Council on Foreign Relations Entertainment Environment Group of Thirty Health Politics Technology Timothy Geithner Timothy Geithner Thomson Reuters Wed, 06 Feb 2013 21:45:58 +0000 5748167 at http://www.globalpost.com Euro zone economy should recover later in the year - ECB's Draghi http://www.globalpost.com/dispatch/news/thomson-reuters/130207/euro-zone-economy-should-recover-later-the-year-ecbs-draghi <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>FRANKFURT, Feb 7 (Reuters) - Economic activity in the euro area should gradually recover later in 2013 but there are more negative risks than positive ones, European Central Bank President Mario Draghi said on Thursday.</p> <p>The euro zone economy contracted in the second and third quarters of last year, meeting the technical definition of recession, and the downturn is expected to have deepened in the fourth quarter.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130207/euro-zone-economy-should-recover-later-the-year-ecbs-draghi" target="_blank">read more</a></p> European Union Group of Thirty Mario Draghi Mario Draghi Thomson Reuters Thu, 07 Feb 2013 14:15:53 +0000 5748887 at http://www.globalpost.com UPDATE 1-ECB's Draghi defends his oversight of Monte Paschi http://www.globalpost.com/dispatch/news/thomson-reuters/130207/update-1-ecbs-draghi-defends-his-oversight-monte-paschi <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Draghi says more oversight powers might have helped</p> <p>* Says Italy election "noise" behind criticism of oversight</p> <p>* Says he signed off on reports from Bank of Italy inspectors</p> <p>By Eva Kuehnen</p> <p>FRANKFURT, Feb 7 (Reuters) - European Central Bank President Mario Draghi denied suggestions on Thursday that he had been lax in his oversight of the scandal-hit Monte dei Paschi when he was governor of the Bank of Italy.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130207/update-1-ecbs-draghi-defends-his-oversight-monte-paschi" target="_blank">read more</a></p> Business Central banks Group of Thirty Mario Draghi Thomson Reuters Thu, 07 Feb 2013 16:45:22 +0000 5749063 at http://www.globalpost.com UPDATE 3-U.S. Senate panel backs Lew for Treasury secretary http://www.globalpost.com/dispatch/news/thomson-reuters/130226/update-3-us-senate-panel-backs-lew-treasury-secretary <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Committee votes 19-5 to send nomination to full Senate</p> <p>* Top Republican has 'serious reservations' about partisanship</p> <p>By Anna Yukhananov</p> <p>WASHINGTON, Feb 26 (Reuters) - The Senate Finance Committee on Tuesday backed President Barack Obama's nominee to head the U.S. Treasury, Jack Lew, despite some concerns about his perks from previous employers, clearing the way for a confirmation vote in the full Senate.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130226/update-3-us-senate-panel-backs-lew-treasury-secretary" target="_blank">read more</a></p> Business Council on Foreign Relations Entertainment Environment Group of Thirty Health Jack Lew Labor Law Politics Presidency of Barack Obama Thomson Reuters Wed, 27 Feb 2013 02:01:26 +0000 5767954 at http://www.globalpost.com Britain's FTSE gains on the back of central bank comments http://www.globalpost.com/dispatch/news/thomson-reuters/130228/britains-ftse-gains-the-back-central-bank-comments <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSE 100 gains 0.3 percent</p> <p>* Fed testimony lifts shares for second day, Draghi helps</p> <p>* RBS falls after results, bucks trend in banks</p> <p>By Alistair Smout</p> <p>LONDON, Feb 28 (Reuters) - Britain's top shares rose on Thursday as assurances from U.S. and European central banks that they would pursue supportive monetary policy helped extend a rebound after a deadlocked Italian election earlier this week.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130228/britains-ftse-gains-the-back-central-bank-comments" target="_blank">read more</a></p> Business Group of Thirty Mario Draghi Royal Bank of Scotland Group Thomson Reuters Thu, 28 Feb 2013 12:30:46 +0000 5769630 at http://www.globalpost.com European stocks gain from Wall Street bounce http://www.globalpost.com/dispatch/news/afp/130228/european-stocks-gain-wall-street-bounce <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>European equity markets mostly rose Thursday after Wall Street hit five-year peaks on bright data and upbeat comment from the heads of the US Federal Reserve and the European Central Bank, dealers said.</p> <p>London's benchmark FTSE 100 index of leading companies added 0.40 percent to 6,351.11 points and in Paris the CAC 40 won 0.42 percent to 3,707.12.</p> <p>Frankfurt's DAX 30 index gained 0.82 percent to 7,738.16 points, aided also by official data which showed that Germany's jobless total fell to its lowest level in five months in February.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130228/european-stocks-gain-wall-street-bounce" target="_blank">read more</a></p> Group of Thirty Mario Draghi Stock market AFP Thu, 28 Feb 2013 13:16:42 +0000 5769686 at http://www.globalpost.com GLOBAL MARKETS-Euro, pound firmer after rate decisions, Draghi eyed http://www.globalpost.com/dispatch/news/thomson-reuters/130307/global-markets-shares-dollar-gain-outlook-central-bank-action <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* ECB, Bank of England leave rates on hold</p> <p>* Eyes on ECB President Draghi's views on outlook</p> <p>* Dollar index at 6-1/2 month highs as recovery strengthens</p> <p>* European shares steady, close to 4-1/2 yr highs</p> <p>* Spain successfully sells new bonds, yields ease</p> <p>By Richard Hubbard</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130307/global-markets-shares-dollar-gain-outlook-central-bank-action" target="_blank">read more</a></p> Business Central banks Economic history Economy of the European Union Entertainment European Union Group of Thirty Labor Law Macroeconomics Politics Social Issues Thomson Reuters Thu, 07 Mar 2013 09:00:36 +0000 5775852 at http://www.globalpost.com REFILE-UPDATE 3-Bank of England decides to hold fire on more stimulus http://www.globalpost.com/dispatch/news/thomson-reuters/130307/update-1-bank-england-faces-knife-edge-decision-bond-buys <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* UK central bank decides not to restart stimulus plan</p> <p>* Prime Minister Cameron urges BoE to support recovery</p> <p>* Sterling jumps on BoE decision</p> <p>By David Milliken and Andrew Osborn</p> <p>LONDON, March 7 (Reuters) - The Bank of England held fire on more economic stimulus on Thursday as Prime Minister David Cameron, pledging to keep cutting the deficit, called on it to prop up growth.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130307/update-1-bank-england-faces-knife-edge-decision-bond-buys" target="_blank">read more</a></p> Bank of England Business Economics Entertainment Government debt Group of Thirty Macroeconomics Money Public finance Social Issues Thomson Reuters Thu, 07 Mar 2013 11:00:45 +0000 5775929 at http://www.globalpost.com