Italy’s central bank chief warned on Tuesday that the state was “only ever a few short steps” from losing investors’ trust as markets dumped stocks and bonds, fearing repeat elections will become a de facto referendum on the country’s euro membership. Prime minister-designate Carlo Cottarelli is set to unveil his cabinet on Tuesday, as tensions […]
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Moody's warns of possible Italy downgrade if debt ratio not put on downward trend
Moody’s said on Tuesday it would downgrade Italy if the fiscal policies of the next government were unable to place the country’s public debt ratio on a sustainable downward trend. The political developments of the last few days have no bearing on Friday’s decision to place Italy’s ratings under review for downgrade, the credit rating […]
Read moreChinese and U.S. envoys sparred at the World Trade Organization on Monday over U.S. President Donald Trump’s claims that China steals American ideas, the subject of two lawsuits and a White House plan to slap huge punitive tariffs on Chinese goods. U.S. Ambassador Dennis Shea said “forced technology transfer” was often an unwritten rule for […]
Read moreAnt Financial Services Group, operator of China’s biggest online payment platform by market share, Alipay, has closed its latest funding round having raised $10 billion from a clutch of global and local investors, five people with direct knowledge of the matter told Reuters. Ant’s first fundraising targeting global money values the firm at $150 billion, […]
Read moreU.S.-based software company Verint Systems is in talks to merge its security division with Israeli cyber surveillance firm NSO Group in a deal worth about $1 billion, a source close to the negotiations said on Monday. The transaction, if completed, would create one of the world’s largest cyber companies. NSO would remain an independent company […]
Read moreThe contagion risks from a potential Italian implosion should concern market participants once again, according to analysts. The euro zone’s third-largest economy is currently in the midst of an ongoing power struggle, with investors fearful the looming prospect of snap elections could be fought over the country’s role in the European Union and its membership […]
Read moreWith rising rates depressing bond prices, some investors may think ditching U.S. Treasury notes is a wise play. Some strategists are taking the other side. Treasurys will soon fall into favor, Gina Sanchez, CEO of Chantico Global, told “Trading Nation” on Friday. Here are her reasons why. • In a traditional economic expansion, interest rates […]
Read moreThe U.S. Federal Reserve will have difficulty raising interest rates significantly beyond the settings of its Japanese and European counterparts, which are still pursuing accommodative policy, St. Louis Fed President James Bullard said on Tuesday. Bullard, who has previously flagged the need for a caution in raising rates, told reporters on the sidelines of a […]
Read moreA gunman killed two police officers and a passer-by on Tuesday before being himself shot dead in the center of the eastern Belgian city of Liege, public broadcaster RTBF said on its website. Belgium’s anti-terrorist crisis centre was monitoring the situation, Interior Minister Jan Jambon said on Twitter. It was unclear, however, what lay behind […]
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OECD forum spotlights ‘what brings us together’ as a response to rising populism
Thousands of officials, civil society leaders, private sector players and economic experts have convened this week in Paris for the annual summit of the Organization for Economic Cooperation and Development (OECD), a 35-nation intergovernmental economic body dedicated to promoting trade and economic progress. Much like the World Economic Forum (WEF) at Davos in January, the […]
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