CashNews.co By Harry Robertson LONDON (Reuters) – France’s borrowing costs briefly rose above Spain’s for the first time since 2008 on Tuesday, according to LSEG data, in a sign of investor concerns about the new French government’s ability to tackle the high budget deficit. Longer-dated euro zone bond yields ticked up slightly while more interest […]
CashNews.co French budget deficit one of worst in history, new finance minister says | 1450 AM 99.7 FM WHTC | Holland Close For the health and […]
CashNews.co (Bloomberg) — The French government is studying targeted taxes on the wealthy and companies that aim to help repair the country’s public finances without hampering growth, newly appointed Finance Minister Antoine Armand said. His comments come as investors ditch French assets amid political turmoil, with the risk premium on French debt approaching its highest […]
CashNews.co PARIS (Reuters) – France’s financial situation is concerning with the budget deficit at one of its highest levels in history, newly appointed finance minister Antoine Armand said on Tuesday. “The situation is serious … We are going to work hard to match the seriousness of this situation,” Armand told France Inter radio. Unknown outside […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. France has asked the European Commission for a further delay in submitting its budgetary plans for the next few years, as Brussels grows increasingly concerned about Paris’s ability to rein in spending. The newly […]
CashNews.co (Bloomberg) — French Prime Minister Michel Barnier said his new government could increase taxes for big business and the wealthiest as it seeks to repair runaway budget deficits and keep the faith of bond markets. Most Read from Bloomberg “Our country is in a very grave situation — €3 trillion ($3.3 trillion) of debt […]
CashNews.co KPMG has named Stephane Souchet as the new leader of its Corporate Finance practice in France. Having served as a partner within KPMG’s Deal Advisory division for the past eight years, Stephane Souchet now steps up to lead the Corporate Finance service line, which has a team of around a dozen partners and over […]
CashNews.co A view shows the Bercy Economy and Finance Ministry over the Pont de Bercy bridge and the River Seine in Paris, France, September 19, 2024. ABDUL SABOOR / REUTERS The “Bercy fortress” – the name of the massive building that houses the economy and finance ministry in Paris – is about to burst. New […]
CashNews.co Barnier and Attal were supposed to speak again on Wednesday, but their meeting was delayed, according to Barnier’s office. Floating the idea of new taxes, however, could be a a political tactic — a way for Barnier “to start flirting with the left” and seeking their support, a former minister from Macron’s camp told […]
CashNews.co Finance Adviser Dr Salehuddin Ahmed on Sunday said the interim government has new priorities and those might not match with the priorities of previous Awami League government. He made the statement while briefing reporters after French Ambassador to Bangladesh Marie Masdupuy called on him at his Finance Ministry office at the Secretariat. Responding to […]