Christine Lagarde

European leaders have nominated International Monetary Fund Managing Director Christine Lagarde to become the next president of the European Central Bank, according to The Wall Street Journal. Member states decided to back Lagarde to succeed the current ECB chief Mario Draghi, whose eight-year term...

Bitcoin, Ethereum and other cryptocurrencies have been some of the hottest investments in the world in recent years. This year alone, the Bitcoin Investment Trust (OTC: GBTC) is up more than 476 percent. But while some investors are going all in on cryptocurrency as the future of payments, other...

International Monetary Fund Managing Director Christine Lagarde has cautioned that the U.S. Federal Reserve's communication strategy is a risky one, telling the bank she thinks it should hold off on an interest rate hike. In Lagarde's view, markets are not prepared for the ramifications of a rate...

It was no deal again Thursday for Europe's finance ministers seeking an agreement to keep Greece in the eurozone. European heads of state are expected at a meeting Monday called by European Council President Donald Tusk, according to multiple reports concerning the four-hour meeting. A current...

While there were numerous concerns regarding China's economy over the past few months, Chinese stocks had a spectacular run in the same period. According to former hedge-fund manager and current chairman and CEO of Duquesne Family Office, Stanley Druckenmiller, this run is going to continue...

After much speculation that Greece was almost out of cash, the nation confirmed this week that it had enough money to make its debt payment to the International Monetary Fund on Thursday. Athens is due to pay €460 million to the IMF, but stalled negotiations with Greece's EU creditors had many...

It took years for the global market to somewhat stabilize after the 2008 financial crisis shook the world up. Obviously, corporations, banks and individuals are vying for such an event to never take place again. However, one can't help but wonder if it's the quiet before a storm....

On Thursday, reports from Novoazovsk said that Russian soldiers had entered the town alongside pro-Russian separatists. Kiev has been accusing Russia of sending military aid across its borders recently, including arms, equipment and now troops. With the support of the Russian military,...

Brent crude oil slipped below $111 to begin the week as the conflict keeping Libyan oil from the market looked nearer to being resolved. The commodity traded at $110.45 at 8:30 GMT with geopolitical tension elsewhere keeping a floor under prices. Libya’s National Oil Corp lifted a force...

The euro looked on track to end the week on a high after the US Federal Reserve's dovish statements following its policy meeting on Wednesday. The common currency traded at $1.3627 at 6:00 GMT. On Wednesday, the US Federal Reserve recommitted to maintaining accommodative policies for the...

While this week will be one of the busiest times for retailers, it will likely be a quiet week for markets as the holidays will keep most market-moving data from being released. Online retailers promising last minute delivery will be trying to squeak in last minute sales before the new year...

Hopes that the US government's budget impasse was nearing an end helped boost oil prices in the early hours of Tuesday. Investors were buying contracts and covering short positions in the hopes that Democrats and Republicans in Washington would end their two week stalemate. Brent crude oil traded...

A spate of positive data from the eurozone confirmed that the region has turned a corner and is emerging from its longest ever recession, but a few question marks still remain. Eurozone unemployment figures are unlikely to drop significantly in the near future as austerity programs designed to...

The euro opened Friday morning at 1.3087, a strong start to the day after Thursday's finance ministers' meeting created renewed confidence in the crisis management effort in the region. The meeting resulted in the ministers signing off on Greece's next installment of aid money, a move that was...

The euro held steady near $1.27 on Monday morning as investors waited to hear the final outcome of an EU finance ministers' meeting to discuss the next Greek aid package. With 17 countries represented plus IMF Director Christine Lagarde, there is potential for quite a bit of disagreement. Lagarde...