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post at 1:10pm: ECB'S REHN: EURO FX RATE WILL BE A MAJOR CONSIDERATION IN THE ECB'S DECISION.It’s action time for ECB with weak euro a key point - Rehn The European Central Bank must act forcefully to contain record inflation and keep expectations for future price growth anchored as the weak euro exacerbates a surge in energy costs, according to governing council member Olli Rehn. It’s important for policy makers to continue with a “consistent and orderly” normalisation of monetary policy, Rehn, who heads the Finnish central bank, told Bloomberg Television at the Federal Reserve’s annual Jackson Hole gathering. His comments follow remarks by Executive Board member Isabel Schnabel and France’s Francois Villeroy de Galhau, who both highlighted the need for a determined response - at the ECB’s upcoming meeting and beyond. “The reality is that we have excessively high inflation gl
post at 9:12am: RUSSIAN DELEGATE TO TALKS WITH UKRAINE SAYS IT MAY BE POSSIBLE TO REACH A JOINT POSITION BETWEEN THE TWO DELEGATIONS SOON - TASSRussia and Ukraine Give Brightest Assessment Yet of Progress in Talks on War Russian and Ukrainian officials gave their most upbeat assessments yet on Sunday of progress in their talks on the war in Ukraine, suggesting there could be positive results within days. Separately, U.S. Deputy Secretary of State Wendy Sherman said Russia was showing signs of willingness to engage in substantive negotiations about ending a conflict in which thousands have died. More than 2.5 million people have fled. Ukraine has said it is willing to negotiate, but not to surrender or accept any ultimatums. "We will not concede in principle on any positions. Russia now understands this. Russia is already beginning to talk constructively," Ukrainian negotiator and presidential adviser Mykhailo Podolyak said in a video posted online. "I think that we will achieve some results literally in a matter of days," he said.
Russian President Vladimir Putin told his Chinese counterpart Xi Jinping in a call on Friday that Russia is willing to hold high level talks with Ukraine, China's foreign ministry said. China has refused to call Russia's action in Ukraine an ...
As negotiations on a UK-EU trade deal are set to continue overnight, a British government source has said that "as things stand the offer on the table from the EU remains unacceptable". Both sides now concede that a no-deal outcome is more likely ...
Boris Johnson told the EU that Britain must have “freedom” to make its own rules last night as cabinet ministers said he should pursue a no-deal Brexit unless Brussels backs down. The prime minister and Ursula von der Leyen, the president of the ...