PRESS DIGEST- Financial Times - March 16

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

Christine Lagarde apologises for botched communication of ECB strategy https://on.ft.com/33lsWZv Carluccio's seeks three-month rent holiday to cope with coronavirus https://on.ft.com/2Qyl3en

H2O bond funds lose up to 50% of their value within weeks https://on.ft.com/2w0dXbu Overview

European Central Bank President Christine Lagarde has apologised to other members of the Bank's governing council for her comments about its new monetary policy strategy, which triggered a bond market sell-off last week. Italian-themed restaurant chain Carluccio's is in talks with landlords to negotiate a three-month break on rent payments, as it seeks to cope with the drastic hit to business due to the coronavirus outbreak.

H2O Asset Management's bond funds have lost as much as half of their value in a matter of weeks, after the London-based fund manager experienced another day of severe losses on Thursday. (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)