Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Scott Murdoch and Makiko Yamazaki Published Mar 23, 2023 • 2 minute read Join the conversation Article content SYDNEY/TOKYO — Asian policymakers are scrambling to calm investor nerves about Additional Tier-1 (AT1) bonds after holdings of such Credit Suisse bonds were written down […]
Article content BEIJING (AP) — A Chinese real estate developer whose struggle to manage more than $300 billion in debt rattled global financial markets announced a long-awaited plan Thursday to restructure what it owes to foreign bondholders. The Evergrande Group, the global real estate industry’s most heavily indebted company, ran short of cash after Beijing […]
Article content The exporter-heavy FTSE 100 fell on Thursday, dragged down by a strengthening pound, while financial stocks were among the top decliners ahead of what will likely be the Bank of England’s eleventh straight interest rate hike later in the day. The FTSE 100 fell 0.7%, after recording its highest closing level in more […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Andrew Gray and Gabriela Baczynska Published Mar 23, 2023 • 3 minute read Join the conversation Article content BRUSSELS — European Union leaders will discuss the war in Ukraine with U.N. chief Antonio Guterres on Thursday, including food security and sanctions, and also endorse a […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Sruthi Shankar Published Mar 22, 2023 • 2 minute read Join the conversation Article content European stocks struggled for momentum on Wednesday after a tentative recovery in the past two sessions, with investors looking ahead to a crucial monetary policy decision from the Federal Reserve […]
Article content London’s exporter-heavy FTSE 100 fell on Wednesday, with real estate stocks leading the retreat, as hotter-than-expected UK inflation data raised fears of more interest rate hikes and boosted the pound. The blue-chip FTSE 100 index fell 0.2% after a near 2% bounce on Tuesday, with investors also waiting for the U.S. Federal Reserve’s […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Derek Gatopoulos And Srdjan Nedeljkovic Published Mar 22, 2023 • 2 minute read Join the conversation Article content ATHENS, Greece (AP) — Train services in Greece resumed Wednesday for the first time since a deadly rail disaster three weeks ago, and just a […]
Article content TAIPEI — Germany’s education minister said on Wednesday that she was on a “normal work trip” to Taiwan to seek collaboration with partners that share similar challenges, a visit China has condemned as “vile.” China views democratically governed Taiwan as its own territory and has ramped up military, political and economic pressure to […]
Article content (Bloomberg) — The European Central Bank will take a “robust” approach that allows it to respond to inflation risks as needed but also aid financial markets if threats emerge, according to President Christine Lagarde. Article content “Bringing inflation back to 2% over the medium term is non-negotiable,” Lagarde told a conference of ECB […]
Article content U.S. stock index futures edged higher on Tuesday following a relief rally in the previous session, with investors taking heart from the rescue of Credit Suisse while waiting for the Federal Reserve’s next monetary policy decision. Traders now largely expect a 25-basis-points rate hike on Wednesday at the conclusion of the Federal Reserve’s […]