CashNews.co Addis Ababa, November 29, 2024 (FBC) – The Ministry of Finance of the Federal Democratic Republic of Ethiopia, the French Development Agency (AFD), and Expertise France have signed an economic cooperation agreement aimed at expanding and strengthening their partnership. The agreement focuses on mobilizing highly qualified expertise and supporting public policies in sectors such […]
CashNews.co France’s borrowing costs have surpassed those of Greece as investors fret about the French government’s ability to pass a deficit-trimming budget — and its ability to survive at all. The far-right Rassemblement National, led by Marine Le Pen, has threatened to back a censure motion against the government as soon as next week unless […]
CashNews.co Political uncertainty in France is taking a toll on investor confidence in its economy, with French bonds taking a hit, driving the stock market downward and pushing 10-year borrowing costs higher to levels comparable to Greece – a symbolic threshold that has sparked alarm. Media was sent into a tizzy following a headline grabbing […]
CashNews.co (Bloomberg) — France’s benchmark bond yield matched Greece’s for the first time on record, the latest milestone in a week marked by mounting anxiety over the fate of Prime Minister Michel Barnier’s government. The rate on 10-year French notes, traditionally considered among the safest in the euro area, briefly rose to 3.03% before paring […]
CashNews.co (Bloomberg) — European stocks snapped two days of declines, with technology leading the advance amid hopes that US curbs on chip equipment sales to China may prove lighter than feared. Most Read from Bloomberg The US is considering measures on sales of semiconductor equipment and AI memory chips to China that would stop short […]
CashNews.co A look at the day ahead in European and global markets from Ankur Banerjee German inflation data and France’s budget conundrum will take centre stage on Thursday as investors fret about the economic and political stability of the regional powerhouses while the spectre of U.S. tariffs looms large across Europe. With the U.S. markets […]
CashNews.co PARIS (Reuters) -French consumer confidence fell to a five-month low in November as households fretted over the outlook for the economy and the job market in the face of a looming political crisis, a survey showed on Wednesday. Statistics agency INSEE said its consumer confidence index fell to 90 from a downwardly-revised 93 in […]
CashNews.co (Reuters) – Shares of LightOn, Europe’s first listed genAI startup, rose as much as 9% on their debut on the Euronext Growth market in Paris on Tuesday. The stock was trading at 10.79 euros per share by 0841 GMT, 4.2% higher than the 10.35 euros it was valued at during its initial public offering […]
CashNews.co (Bloomberg) — A measure of French bond risk rose to levels last seen during the euro-area debt crisis as a political standoff over the country’s budget threatens to bring down the government. Most Read from Bloomberg The premium investors demand to hold 10-year French government bonds over German bonds climbed three basis points to […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French sovereign bonds and stocks fell on Wednesday as concerns intensified among investors that a dispute over a belt-tightening draft budget could bring down Prime Minister Michel Barnier’s government. The sell-off pushed the gap between 10-year […]