Bond investors are willing to impose a higher interest rate on French government loans for years, in a regime change that could have far-reaching consequences for Europe’s second-largest economy. Even if Marine Le Pen’s national rally fails to achieve an absolute majority in the next vote, Zurich Insurance Company and Neuberger Berman say the market ...
Ecuador suffered a nationwide blackout due to a transmission line failure that caused a cascading disconnection, leaving the nation of about 18 million people without power, government officials said. “We are concentrating all our efforts on solving the problem as quickly as possible”said Roberto Luque, Minister of Public Works, on the social network “There is ...
Brazilian food delivery company iFood expects revenue from its financial business to increase 52% in fiscal 2025, the company, owned by Dutch technology investor Prosus PRX, reported Thursday. The delivery company makes more than 80 million deliveries per month in the largest economy in Latin America and also offers financial services such as credit and ...
Brazil's Central Bank decided on Wednesday to halt the cycle of rate cuts that began in August, while inflation expectations have risen. and financial markets have fallen due to difficulties in balancing the federal budget, while rate cuts in the United States seem further away. The bank's rate-setting committee, known as Copom, kept the Selic ...
Philip Morris International stopped online sales of its popular brand of Zyn nicotine pouches in the United States after receiving a citation in the District of Columbia related to flavored products that are prohibited there. Philip Morris said its preliminary investigation indicated there have been sales of flavored bags in D.C., “predominantly related to certain ...
Banco Bilbao Vizcaya Argentaria SA plans to open a digital consumer bank in Germany, using existing technology to expand at relatively low cost. The project is led by Javier Lipuzcoa, director of BBVA's digital bank in Italy, according to people familiar with the matter. The lender is currently preparing a feasibility study and is forming ...
The president of the European Central Bank, Christine Lagarde, said that officials are “attentive” to the evolution of financial markets, shortly after his colleague Philip Lane said he is not worried about the French turbulence. Policymakers answer questions following week of turmoil which wiped $258 billion off the country's stock market capitalization and caused French ...
El Economista – Mexico City In April, employment in the manufacturing sector rose a modest 0.3% monthly, but managed to stop a nine-month streak of declinesaccording to data from the National Institute of Geography and Statistics (Inegi) released this weekend. The improvement was reflected after 14 of the country's 21 manufacturing branches had growth in ...
Countries seek loans from the IMF to address economic crises, stabilize their currencies, implement structural reforms, and alleviate balance of payments difficulties. But there are some who currently have larger debts than others. LR Chart According to data from the International Monetary Fund on the total outstanding credit of the IMF on the debts of ...
The defeat of Emmanuel Macron's party in the legislative elections of the European Parliament generated a series of repercussions, not only at the political level, but in The French market, the performance of the euro and the main stock markets in Europe also felt the impact of the elections. The financial sector has been the ...
