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The Latest Breaking News from ECB

Europe is already sabotaging its own economy far more than US tariffs could, former ECB president says

Draghi cited IMF estimates that show Europe’s internal barriers are equivalent to a 45% tariff on manufactured goods and a 110% levy on services.

Fortune

New owners want Manchester Originals to rival profile of City and United

Challenging Manchesters United and City is within the reach of the Manchester Originals, according to the Hundred franchise’s new majority share owner

The Guardian - UK

ECB can’t afford to squander Hundred ‘lottery win’, says finance expert

Shares in the competitions eight teams came with a total price tag of around £520million.

The Independent UK

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Charlotte Edwards ready to help England rebuild after Ashes humuliation

The former England captain has forged a successful coaching career since retiring from playing.

The Independent UK

Hundred expansion a ‘no-brainer’ if investment succeeds, predicts ECB chief

English cricket bosses believe that it will be ‘almost a no-brainer’ to expand the Hundred after raising more than £520m by selling a stake in each of the competition’s eight teams

The Guardian - UK

ECB claim huge windfall from Hundred auction will protect cricket ‘for generations to come’

A significant windfall has been generated by the sale of stakes in the eight franchise sides, providing a major injection of cash into the English game

The Independent UK

ECB: Near £1bn from Hundred auction will protect cricket for generations to come

Investors from around the world have poured lavish sums into the game in return for stakes in eight city-based teams.

The Independent UK

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The Hundred: Chiefs told widening pay gap is 'not fair and not right'

English cricket celebrating near-£500million windfall from franchise sell-off

Evening Standard

Stocks Settle Mixed as Chip Stock Strength Lifts the Nasdaq

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.50%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.12%. March E-mini S&P futures (ESH25 ) are down by -0.29%, and March E-mini Nasdaq...

Barchart

Dollar Gives Up Gains as Euro Strengthens on Talk to End Ukraine War

The dollar index (DXY00 ) Wednesday fell by -0.01%. The dollar on Wednesday fell from a 1-week high and finished little changed after EUR/USD rallied on news that President Trump and Russian President Putin agreed to begin talks on ending the war in Ukraine. The dollar on Wednesday initially rallied...

Barchart

What happened in the Hundred auction and what does it mean for English cricket?

The eight Hundred teams have drawn huge bids from investors.

The Independent UK

Hundred auction concludes with tournament valued at close to £1bn

GMR have agreed to pay a reported fee of nearly £50m for a 49 per cent stake in Southern Brave.

The Independent UK

Stocks Tumble as Sticky US Inflation Keeps Fed on Hold

The S&P 500 Index ($SPX ) (SPY ) today is down -0.50%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.63%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.32%. March E-mini S&P futures (ESH25 ) are down by -0.48%, and March E-mini Nasdaq...

Barchart

Dollar Jumps as a Hot US CPI Report Signals a Longer Fed Pause

The dollar index (DXY00 ) today is up by +0.38% at a 1-week high. The dollar jumped today after US Jan CPI unexpectedly accelerated, dampening expectations for additional Fed rate cuts and signaling the Fed will keep interest rates higher for longer. Also, higher T-note yields today are supporting the...

Barchart

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Barchart

Stocks Sink and Bond Yields Spike on Strong CPI

The S&P 500 Index ($SPX ) (SPY ) today is down -0.91%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.92%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.89%. March E-mini S&P futures (ESH25 ) are down by -0.87%, and March E-mini Nasdaq...

The Times of India

The Hundred: GMR Group retains Southern Brave

GMR Group has acquired a stake in Southern Brave, finalising the ECB's equity distribution process for The Hundred. With this deal, Southern Brave becomes the fourth Hundred team with IPL-linked ownership, joining Northern Superchargers (Sun Group), Manchester Originals (RPSG Group), and Oval Invincibles (Reliance).

The Guardian - UK

Southern Brave sale completes Hundred’s £1bn revamp of English cricket

English cricket completed arguably its greatest transformation in living memory after Southern Brave became the eighth and final franchise to be bought in the landmark Hundred sale

Barchart

Dollar Declines as US Tariffs Weigh on Sentiment

The dollar index (DXY00 ) Tuesday fell by -0.35%. The dollar was under pressure from concern that President Trump's 25% tariffs on all steel, aluminum, and finished metals imports into the US will encourage retaliation that curbs US economic growth. Losses in the dollar were limited by higher T-note yields...

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Barchart

Dollar Slides on Concern US Tariffs Could Weigh on the Economy

The dollar index (DXY00 ) today is down by -0.15%. The dollar today is slightly lower on concern that President Trump’s 25% tariffs on all steel, aluminum, and finished metals imports into the US will encourage retaliation that curbs US economic growth. Losses in the dollar are limited by higher...

The Independent UK

Government remains behind ECB’s decision to fulfil Afghanistan fixture

Secretary of State for Culture, Media and Sport, Lisa Nandy, feels a boycott would be “counterproductive”.

Barchart

Dollar and Gold Supported by US Tariffs

The dollar index (DXY00 ) Monday rose by +0.26%. The dollar posted moderate gains Monday after President Trump revealed plans to impose 25% tariffs on all steel and aluminum imports into the US, raising concern that rising tariffs may boost inflation and limit the Fed's ability to cut interest rates....

Barchart

Dollar Gains and Gold Rallies to a Record High on US Tariffs

The dollar index (DXY00 ) today is up by +0.18%. The dollar today is mildly higher after President Trump revealed plans to impose 25% tariffs on all steel and aluminum imports into the US, raising concern that rising tariffs may boost inflation and limit the Fed's ability to cut interest...

Barchart

Dollar Rallies on Higher Bond Yields and US Tariff Threats

The dollar index (DXY00 ) Friday rose by +0.31%. The dollar rose Friday with T-note yields after the hawkish US Jan payroll report reduced the chances to 10% from 16% for a Fed rate cut at next month’s FOMC meeting. Despite Jan nonfarm payrolls climbing less than expected, Dec payrolls...

The Guardian - UK

Hundred auction leaves counties feeling flush but no longer calling the shots

Minority partners will have major influence with combined valuation of the eight teams tracking towards £1bn

Barchart

Dollar Gains on Reduced Fed Rate Cut Expectations

The dollar index (DXY00 ) today is up by +0.05%. The dollar is climbing with T-note yields today after the hawkish US Jan payroll report reduced the chances to 8% from 16% for a Fed rate cut at next month’s FOMC meeting. Despite Jan nonfarm payrolls climbing less than expected,...

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