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Related Special Reports
...Credit rating reviews from Moody’s on April 26 and S&P on May 31 could result in downgrades....
...Fitch downgraded France’s credit rating in April, citing the risks of high government debt and opposition to Macron’s reform agenda....
...ECB vice-president Luis de Guindos told Le Monde this week that the central bank would “need to take the impact of exchange rate movements into account”....
...Fitch downgraded France’s credit rating last year. The government is braced for the risk of further downgrades when reviews come from Moody’s in April and Standard & Poors in May....
...The moves come as France is under pressure from credit rating agencies and national finance and audit watchdogs to defend its deficit-cutting plan, which is slower than most other EU countries....
...Polls on the upcoming European elections in June show that Macron’s list is running almost 15 points behind that of far-right leader Marine Le Pen....
...Because if you don’t believe in ever closer union you must be a bad thing.” The ban also drew condemnation from Belgium’s federal government, which was not involved in the order....
...But once these artifices were no longer possible with the process of convergence towards monetary union, GDP stopped growing....
...Industry association Sifma argued in a public comment before the rule was adopted that the FTC did not have the power to regulate banks and credit unions....
...French Minister of Economy and Finance Bruno Le Maire last year told BFM Business that he was “proud” of Binance’s French registration....
...The market reaction came after the Federal Open Market Committee voted unanimously to leave rates unchanged at a 23-year high of 5.25 per cent to 5.5 per cent....
...start cutting its benchmark deposit rate from its record high level of 4 per cent in June, there is more doubt over the pace and total amount of policy loosening that will follow — especially if the US Federal...
...In October, French economy minister Bruno Le Maire said a programme of help for first-time buyer on low incomes that had been due to end this year would be extended to 2027....
...If the Reagan‑Thatcher revolution was about crushing union power, the pendulum seems to be shifting in favour of labour. Unions are changing too....
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...In contrast, the strength of the US economy and high levels of government spending relative to taxes could persuade the Federal Reserve to keep interest rates high for some time, say investors, which could...
...President Joe Biden’s landmark climate law, the Inflation Reduction Act, included tax credits to help make its expensive development more viable. New gas plants will face these rules starting 2032....
...Among its 34 victims were the chairmen of Deutsche Bank and Dresdner Bank, West Germany’s federal prosecutor, senior diplomats, soldiers and politicians....
...Russia in Africa: The courting of Niger’s military junta shows how Moscow is filling the vacuum left by the west in the Sahel region, writes Le Monde’s Sylvie Kauffmann....
...France will also soon begin another round of talks with credit rating agencies to defend its approach, including with S&P Global Ratings, which put it on negative outlook ahead of a review in December....
...At some point, this risks leaving lenders without sufficient reserves and could cause unwanted volatility in short-term borrowing costs and even a credit crunch....
...Starbucks in 2022 introduced more sizes for baristas’ green aprons and the option for customers to tip with their credit cards, two of the union’s initial demands....
...Federal Reserve vice-chair for supervision Michael Barr had gold-plated the Basel rules, provoking a fierce backlash from Wall Street’s finest....
...Monetary policy: Federal Reserve Bank of Atlanta president Raphael Bostic, Federal Reserve Bank of Kansas City president Jeffrey Schmid and Federal Reserve Bank of San Francisco president Mary Daly speak...
...Instead, banks would have to rely on more traditional, standardised assumptions that measure how risky assets are by using credit ratings from agencies....
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