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EUROPEAN DEBT CRISIS FEARS
France debt crisis deepens: Euro falls to 17-month low as bond yields rise - here’s what you need to knowFrance debt crisis explained: France is facing significant financial challenges as its budget deficit is projected to rise to 5% by 2027. T...
Schneider Electric to buy US software firm PTC for $22.6 billionFrench energy and software group Schneider Electric said Monday that it would buy PTC, a US-based maker of software for industrial clients,...
Global Market: European stocks edge up; Schneider plunges after PTC dealEuropean shares edged 0.2% higher, recovering from last week’s losses, while French stocks fell amid growing fiscal concerns. The CAC 40 dr...
Global Market: Euro hits 17-month low as French fiscal worries boost dollarThe euro fell to a 17-month low as concerns over France’s fiscal outlook and bond-market selloff weighed on sentiment. The dollar strengthe...
IMF reaches staff-level deal with Sri Lanka for $345 million in financingThe International Monetary Fund has agreed to a $345 million financing deal with Sri Lanka. This deal is contingent upon the upcoming 2027 ...
EU, China to hold Beijing talks this week to avert trade warEU trade chief Maros Sefcovic is set to visit Beijing for crucial discussions regarding trade relations. As European leaders express concer...
Global Market Today: Asian shares rise as Fed hike bets ease, oil gainsMSCI’s Asia Pacific equities index rose 0.4%, with Japanese shares rallying 2%. Contracts for the Nasdaq 100 rose 0.3% after the underlying...
Trump says Europe to unlock ‘massive amount of Diesel’; G7 agrees 100 million-barrel oil release amid global crunchUS President Donald Trump said Friday that Europe had agreed to release a “massive amount” of heavily stocked diesel oil, with the process ...
Why are U.S. 2-year Treasury yields, 10-year note, global bond markets down in France, Germany?US Bonds are down: Treasury yields extended gains, and the benchmark 10-year Treasury note hit a 24-year high, after closing out September ...
French supercomputer maker Bull doubles output to boost Europe's AI ambitionsBull, the French supercomputer manufacturer, has expanded its factory to double production capacity to meet growing orders. The European Un...
Developing countries hit by overlapping crises, UNDP chief warnsRising energy costs and El Nino conditions are challenging developing countries facing financial distress. Governments are struggling to ma...
US wants European allies to do this 'immediately' to lower diesel pricesThe US has urged European allies to release strategic diesel reserves immediately as global fuel prices surge amid supply disruptions linke...
Why are world bond markets selling off again?As inflation fears and mounting debt pressure rise, government borrowing costs have soared to unprecedented levels. The US Treasury yield, ...
BRICS isn’t killing the dollar. The world is learning to live without itBRICS aims to decrease reliance on the US dollar by facilitating trade in national currencies among member countries. This trend is evident...
Days after Moscow warns NATO of nuclear attack, Russian strategist warns there will be ‘little left’ of Europe amid World War III threatAfter Russia warned NATO that it could use nuclear weapons if the alliance tried to isolate Kaliningrad, Russian foreign policy strategist ...
FOREX-Euro slides to 17-month low, hit by rates and inflation cocktailAs political instabilities linger, the euro has descended to its lowest point in over 17 months when measured against the dollar. This shif...
A look at France's public debt as economy takes centre stage in French Presidential electionFrance's public debt has climbed to unprecedented levels, currently reaching 119 per cent of its GDP. The increasing debt burden poses sign...
France’s 10-year bond yield heads for biggest quarterly surge since 1987France's bond yields have been rising sharply, with September seeing the largest increase in decades. Investors are concerned about inflati...
Global Market: Euro under pressure from energy shock and political risksThe euro has fallen nearly 2% in September as energy prices, political uncertainty and a stronger dollar weigh on the currency. Concerns ov...
Quote of the day by Irving Fisher: "A chief cause of crises, panics, runs on banks, etc., is that risks are not independently reckoned, but are a mere matter of imitation. A crisis is a time of general and forced liquidation"Economist Irving Fisher warned that investors copying one another can amplify financial risks. Rising optimism can fuel credit and asset pr...