Edition:
United States

Gederts Gelzis

Irresponsible of governments to leave ECB alone in virus fight: Kazaks

Apr 08 2020

FRANKFURT/RIGA It would be irresponsible of euro zone countries to leave the European Central Bank alone in the fight against an economic slump caused by the coronavirus outbreak, ECB policymaker Martins Kazaks said on Wednesday.

Irresponsible of governments to leave ECB alone in virus fight: Kazaks

Apr 08 2020

FRANKFURT/RIGA It would be irresponsible of euro zone countries to leave the European Central Bank alone in the fight against an economic slump caused by the coronavirus outbreak, ECB policymaker Martins Kazaks said on Wednesday.

UPDATE 1-Irresponsible of governments to leave ECB alone in virus fight: Kazaks

Apr 08 2020

FRANKFURT/RIGA, April 8 It would be irresponsible of euro zone countries to leave the European Central Bank alone in the fight against an economic slump caused by the coronavirus outbreak, ECB policymaker Martins Kazaks said on Wednesday.

INTERVIEW-New chief of scandal-hit Latvian central bank seeks to repair image

Dec 18 2019

RIGA, Dec 18 Reeling from the fallout of a bribery scandal, Latvia's central bank must become more transparent to clean up its image and must also push for greater transparency at the European Central Bank, its incoming chief Martins Kazaks said on Wednesday.

Latvian government seizes control of main ports after U.S. sanctions

Dec 12 2019

RIGA/MOSCOW Latvia's parliament on Thursday passed legislation to take control over the Baltic country's two biggest ports in an effort to keep them open after U.S. sanctions against a Latvian oligarch threatened operations.

Latvian oligarch hits back at corruption charges as U.S. clamps down

Dec 10 2019

RIGA Latvian politician and oligarch Aivars Lembergs, sanctioned this week by the U.S. over alleged corruption, hit back on Tuesday, saying allegations against him were "fake news" and instigated by his political opponents.

ECB governor accused of bribery in Latvia corruption trial

Nov 04 2019

JURMALA, Latvia Latvia's central bank chief, who led the former Soviet republic into the euro, appeared in court on Monday accused of bribery in the first corruption trial of a European Central Bank governor.

Latvia criticised for choosing banker to police banks

Sep 20 2019

RIGA, Sept 20 Latvia's appointment of a banker to supervise the sector is threatening a conflict of interest, Transparency International said on Friday, following a series of financial scandals in the Baltic state.

Russian businessman behind shuttered Latvian bank PNB attacks ECB

Aug 16 2019

FRANKFURT/RIGA The Russian former owner of a stricken Latvian lender has attacked the European Central Bank (ECB) for abruptly shutting it, amid a bitter dispute after he previously accused an ECB governor of corruption.

U.S. urges Latvia to step up reform after money-laundering scandal

May 17 2019

RIGA Latvia came under renewed pressure to accelerate financial reforms as a senior U.S. official, at a meeting with its prime minister, underscored the urgent need for stricter controls after a money laundering scandal.

World News

Exclusive: Trump to add China's SMIC and CNOOC to defense blacklist - sources

The Trump administration is poised to add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to U.S. investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office.