Mois : novembre 2019

UPDATE 2-German SPD’s new leadership casts doubt over Merkel coalition

BERLIN () – Sharp critics of the coalition with Chancellor Angela Merkel’s conservatives won a vote for the leadership of Germany’s Social Democrats (SPD) on Saturday, raising big questions over the future of the government. Saskia Esken and Norbert Walter-Borjans gesture after being announced by Rhineland-Palatinate State Premier Malu Dreyer as winners of a Social

UPDATE 1-Critics of Merkel coalition win German SPD leadership vote

Saskia Esken and Norbert Walter-Borjans gesture after being announced by Rhineland-Palatinate State Premier Malu Dreyer as winners of a Social Democratic Party members’ ballot for leadership in Berlin, Germany, November 30, 2019. /Fabrizio BenschBERLIN () – Opponents of the coalition with Chancellor Angela Merkel’s conservatives won a vote for the leadership of Germany’s Social Democrats

UPDATE 1-Critics of Merkel coalition win German SPDR leadership vote

(Updates with vote result) By Madeline Chambers BERLIN, Nov 30 () – Opponents of the coalition with Chancellor Angela Merkel conservatives won a vote for the leadership of Germany’s Social Democrats (SPDR) on Saturday, raising questions over the future of the government. The SPDR said Norberto Walter-Borjans and his running mate Saskia Esker won about

UK PM Johnson’s lead over Labour halved to 6 points – BMG poll

LONDON, Nov 30 () – The lead for British Prime Minister Boris Johnson’s Conservatives over the Labour Party has narrowed sharply to six points from 13 a week ago, according to a poll by BMG for the Independent newspaper conducted before the London Bridge attack. The Conservatives were on 39%, down 2 points, compared with

Germany’s SPD pick new leader with fate of Merkel coalition at stake

BERLIN () – Germany’s Social Democrats (SPD) will on Saturday announce the winner of a party leadership ballot, whose first task will be to decide whether to quit the ruling coalition with Chancellor Angela Merkel’s conservatives. FILE PHOTO: German Chancellor Angela Merkel and Vice Chancellor and Finance Minister Olaf Scholz attend the weekly cabinet meeting

New Zealand government flags significant infrastructure spending

FILE PHOTO: A New Zealand Dollar note is seen in this picture illustration June 2, 2017. /Thomas White/Illustration/File PhotoMELBOURNE () – The New Zealand government plans a significant increase in infrastructure spending, making use of low borrowing costs to “build” the country, Finance Minister Grant Robertson said on Saturday. Economic output of the Pacific country

UPDATE 1-China November factory activity unexpectedly returns to growth

BEIJING () – Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth. FILE PHOTO: An employee works at the production line of aluminium rolls at a factory in Zouping, Shandong province, China November 23,

S&P raises Ireland’s rating on strong fiscal measures, economic growth

Nov 29 () – S&P Global Ratings said on Friday that it raised Ireland’s long-term and short-term foreign and local currency sovereign credit ratings to ‘AA-/A-1+’ from ‘A+/A-1’, commending the country’s strong fiscal measures and economic growth. « The outlook is stable because we expect that, despite external risks — including the possibility of a no-deal

U.S. stock funds see 4th straight week of outflows -Lipper

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 27, 2019. /Brendan McDermidNEW YORK () – U.S. equity stock funds saw $390 million in outflows in the week ended on Wednesday, the fourth straight week of outflows for such funds, according to data released by Lipper on

U.S. stock funds see fourth straight week of outflows: Lipper

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 27, 2019. /Brendan McDermidNEW YORK () – U.S. equity stock funds saw $390 million in outflows in the week ended on Wednesday, the fourth straight week of outflows for such funds, according to data released by Lipper on

UPDATE 1-France to stress test banks, insurers’ climate risks next year

PARIS () – France’s financial regulator will subject banks and insurers to climate change stress tests next year, central bank governor Francois Villeroy de Galhau said on Friday. FILE PHOTO: Francois Villeroy de Galhau, governor of the Bank of France, attends a seminar on the sidelines of the G20 finance ministers and central bank governors

Lebanon central bank to take needed steps amid crisis – banking official

BEIRUT () – Lebanon’s central bank governor will take “necessary, temporary measures” to preserve the banking sector and depositor rights, the banking association head said on Friday. FILE PHOTO: Salim Sfeir, chairman of the Association of Banks in Lebanon and chief executive of Bank of Beirut, is pictured during an interview with in Beirut, Lebanon

London street is « last bastion » against gentrification in new film

LONDON (Thomson Foundation) – Glassy skyscrapers and luxury apartment towers cast a shadow over an east London high street dotted with greasy-spoon cafes and launderettes, a “last bastion” against gentrification, according to a new film released in Britain on Friday. London’s growing financial district and a traditionally working-class neighborhood sit awkwardly alongside each other in

UPDATE 3-South African Airways shunned by insurers as financial doubts grow

JOHANNESBURG () – Two big travel insurance companies in South Africa have stopped covering tickets issued by South African Airways (SAA) against insolvency as doubts grow about whether the struggling state-owned airline can survive. FILE PHOTO: A South African Airways Airbus A340-300 plane prepares to take off at the O. R. Tambo International Airport in

UPDATE 2-Norwegian bank DNB’s shares drop 6% on Namibia investigation

OSLO () – Shares of Norwegian bank DNB (DNB.OL) fell 6.4% on Friday after police launched an investigation into the handling of payments from an Icelandic fisheries business to Namibia. FILE PHOTO: A view of DNB bank’s local office in Riga, Latvia November 20, 2013. /Ints Kalnins/File PhotoNorway’s white-collar crime unit late on Thursday said

Lebanon crisis wreaks havoc on Syria’s war-torn economy

AMMAN () – A financial crisis in Lebanon has hit the economy of neighboring Syria hard, choking off a vital source of dollars and dragging the Syrian pound to record lows. FILE PHOTO: People are seen in the souk in the old city of Damascus, Syria April 17, 2018. /Ali Hashisho/File PhotoShut out of the

Sri Lankan shares end at 17-month high; rupee slips

COLOMBO, Nov 29 () – Sri Lankan shares closed at a 17-month high on Friday, helped by positive sentiment surrounding tax cuts by the country’s new government, while the rupee ended a tad weaker. ** The government said on Wednesday it had decided to reduce value-added tax to 8% from 15% from Dec. 1, and

UPDATE 1-South African Airways dropped by leading travel insurer

* Strike pushes SAA to brink of collapse * Three insurers stop covering its tickets * Government holding talks about airline’s future * Analyst says moves by insurers ‘hugely significant’ (Adds other insurers drop SAA) By Alexander Winning JOHANNESBURG, Nov 29 () – Three travel insurance companies in South Africa have stopped covering tickets issued