Recent Posts

Moody’s downgrades Finland’s credit rating

  Bloomberg Finland was downgraded by Moody’s Investors Service, losing its last top credit rating just as the northernmost euro member is showing signs of emerging from a protracted economic stagnation. The country’s debt rating was cut to Aa1 from Aaa, Moody’s said in a statement on Friday. Finland had a triple-A rating from Moody’s since 1998. The country lost ...

Read More »

German bonds seen outperforming with elections vexing investors

  Bloomberg German government bonds may gain next week along with the rest of the euro region’s core debt market as investors seek havens before unprecedented political events later this month. Britain’s referendum on its European Union membership and Spain’s repeat elections are approaching, and bonds from Germany, France and the Netherlands have been outperforming their peripheral peers in the ...

Read More »

Luxembourg takes first steps to ‘asteroid mining’ law

  Luxembourg / AFP One of Europe’s smallest states, the Grand Duchy of Luxembourg, cast its eyes to the cosmos, announcing it would draw up a law to facilitate mining on asteroids. Extracting precious metals, rare minerals and other valuable commodities on passing asteroids is a staple of science fiction, but Luxembourg says incentives are urgently needed to turn this ...

Read More »
Send this to a friend