Recent Posts

Macron govt dodges no-confidence votes amid unrest

BLOOMBERG The French government survived two no-confidence motions late Monday to enable the immediate adoption of President Emmanuel Macron’s unpopular pension reform bill without holding a full vote in parliament. In a tighter than expected count, the first motion got 278 votes, only nine short of the 287 needed to topple Prime Minister Elisabeth Borne. The second got 94. “We ...

Read More »

‘Parts of Sunak’s new EU deal useless’

BLOOMBERG Hard-line Brexiteers in Rishi Sunak’s Conservative Party said parts of the UK prime minister’s new Brexit deal are “practically useless,” while reserving judgment on whether they’ll rebel in a vote on Wednesday. EU law will remain supreme in Northern Ireland, new trading arrangements won’t work as billed by Sunak and a proposed veto mechanism for the application of new ...

Read More »

Nordea Asset snaps up Asian financial stocks during global rout

BLOOMBERG Nordea Asset Management AB bought financial stocks in Asia amid this month’s global rout in the sector, as it remains optimistic about their earnings growth prospects. |“We have added to our insurance holdings in Asia,” Hilde Jenssen, Nordea’s head of fundamental equities, said in an interview in Singapore. “It’s clear when half a trillion is wiped off in market ...

Read More »
Send this to a friend