European companies have been slow to capitalise on this week’s market rally — a pause in issuing new bonds that bankers do not expect to last with borrowers set to return as the spring earnings season progresses. There was no investment grade euro bond issuance from non-financial corporates last week as debt issuers sat on the sidelines ahead of the first round of the French presidential election […]
A Malta magistrate is investigating explosive claims of money laundering and corruption that have put New Zealand in the middle of a global cash trail from the family of Azerbaijan president Ilham Aliyev. President Aliyev’s daughter, Leyla Aliyeva, is alleged to have channelled more than $1.5 million to senior figures of the Malta government, including Prime Minister Joseph Muscat’s wife. These include alleged payments to Panama companies […]
By Steve Holland | WASHINGTON WASHINGTON U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House said. The announcement came after White House officials disclosed that Trump and his advisers had been considering issuing an executive order to withdraw the […]
The remarks, in an interview that was recorded Tuesday, came at the end of Ms. Trump’s rocky 24-hour trip this week to Germany, her first official foray since taking a West Wing office last month. Continue reading the main story A spokeswoman for Ms. Trump did not respond to questions about her position on immigration — or about whether her remarks were intended to pressure her father. […]
PARIS Fewer French voters believe centrist Emmanuel Macron got off to a good start in the last lap of France’s presidential election than far right leader Marine Le Pen, a poll showed on Thursday. Macron, the favourite to win the presidency, has suffered several costly public relations missteps since he and Le Pen qualified in a first round of voting on Sunday for the decisive May 7 […]
Turkish policymakers surprised investors by tightening monetary conditions on Wednesday, helping to support the lira on a day of widespread weakness across emerging market currencies and prompting some to rethink their pessimism towards the country. While the Turkish central bank kept its main interest rates unchanged, it defied expectations by raising the late liquidity lending rate by 50 basis points. Describing the move as “a hawkish surprise”, […]
CARACAS Venezuela said on Wednesday it was withdrawing from the Organization of American States, deepening the diplomatic isolation of the socialist-run nation that is already out of step with Latin America’s steady shift to the right. Critics of President Nicolas Maduro have said Venezuela could be expelled from the group, accusing his government of eroding the country’s democracy by delaying elections and refusing to respect the opposition-led […]
By Phil Stewart and David Brunnstrom | WASHINGTON WASHINGTON The Trump administration said on Wednesday it aimed to push North Korea into dismantling its nuclear and missile programs through tougher international sanctions and diplomatic pressure, and remained open to negotiations to bring this about. The U.S. stance, which appeared to signal a willingness to exhaust non-military options in spite of repeated warnings that “all options are on […]
By Luc Cohen | LA MATANZA, Argentina LA MATANZA, Argentina Billboards in Buenos Aires province’s working-class La Matanza district trumpet a soon-to-be completed bus lane alongside the face of the district’s mayor, an ally of former populist President Cristina Fernandez. Although it was originally conceived when Fernandez was president, the 2 billion-peso ($129.24 million) “Metrobus” lane is being paid for by centre-right President Mauricio Macri’s government and […]
By Andrew Cawthorne and Eyanir Chinea | CARACAS CARACAS Venezuelan security forces fired scores of tear gas volleys and turned water cannons on rock-throwing protesters on a bridge in Caracas on Wednesday as the death toll from this month’s anti-government unrest hit at least 29. A 20-year-old male demonstrator died in those latest clashes in the capital after being hit by a gas cannister, said officials of […]
Netflix saw a flood of demand for a €1.3bn bond sale on Wednesday, as supply-starved junk debt investors put aside concerns around the US streaming service’s substantial cash burn to get a piece of its debut euro deal. The sub investment-grade rated company announced the deal on Monday as a €1bn 10-year bond to help fund its international expansion and planned shift to developing more original content. […]
By Valerie Volcovici | WASHINGTON WASHINGTON White House advisers and Trump administration officials will meet on Thursday to discuss whether the United States should remain in the Paris climate agreement, a White House official said on Wednesday. The meeting, which will include member of the National Economic Council and cabinet officials such as Environmental Protection Agency Administrator Scott Pruitt and Energy Secretary Rick Perry, was scheduled for […]
Clutch by Nathalie Trad. Courtesy Harvey Nichols Fringed flats by Aquazzura. Courtesy Harvey Nichols Encrusted heels by Le Silla. Courtesy Harvey Nichols Lace panel dress by Self Portrait. Courtesy Harvey Nichols Cuff by APM Monaco. Courtesy Harvey Nichols Ruched shoes by Marco de Vincenzo. Courtesy Harvey Nichols Long earrings by Chloe. Courtesy Harvey Nichols Pyramid Bag by Amanda Navai. Courtesy Harvey Nichols Ring by Oscar de la […]
PARIS France’s centre-right party, seeking to rebound after the defeat of its presidential candidate, said on Wednesday it could share power with Emmanuel Macron if he is elected, as pollsters predict, on May 7. Macron, a 39-year-old centrist, is tipped to comfortably win a run-off vote against far-right leader Marine Le Pen, but the political movement he created a year ago faces a huge challenge in the […]
ROME The anti-establishment 5-Star Movement, already Italy’s most popular party, is stealing a march on its divided rivals by drawing up its policy programme a year ahead of elections. With the ruling centre-left Democratic Party embroiled in a bruising leadership battle and centre-right parties unable to agree on a leader, opinion polls give 5-Star a growing lead, which one pollster last week put as high as 8 […]
French presidential frontrunner Emmanuel Macron was ambushed on the campaign trail on Wednesday by far-right rival Marine Le Pen, with the rivals for the Elysée Palace clashing over globalisation and compounding a shaky start for Mr Macron in the final two weeks of the election race. The rivals’ visits to a factory in Amiens in northern France came on what was the first day of vigorous campaigning […]
PARIS Far-right leader Marine Le Pen sought to steal presidential rival Emmanuel Macron’s thunder on Wednesday with a surprise visit to striking workers in northern France, aiming to wrong-foot him while he was campaigning in the same town. Visiting the site of a strike at the tumble-drier Whirlpool factory, which is due to close next year, Le Pen pushed her anti-globalisation agenda and attacked Macron who she […]
No president likes being judged on his first hundred days in office, not least Donald Trump. It is, he tweeted last week, a “ridiculous standard” by which to be measured, even though he also claimed to have accomplished “a lot”. With his 100th day in the White House falling on Saturday, investors have more nuanced ideas. For much of 2017 financial markets have doubted the global “Trump […]
By Marton Dunai | BUDAPEST BUDAPEST Anti-government protesters have filled Budapest’s streets in recent weeks, but divisions within the opposition and weak support outside the capital mean they are unlikely to herald a serious threat to Prime Minister Viktor Orban in next year’s election. Triggered by a law targeting an international school founded by liberal U.S. financier George Soros, the rallies have galvanised broader public anger against […]
ANKARA Turkish authorities arrested more than 1,000 people on Wednesday they said had secretly infiltrated police forces across the country on behalf of a U.S.-based cleric blamed by the government for a failed coup attempt last July. The nationwide sweep was one of the largest operations in months against suspected supporters of the cleric, Fethullah Gulen, a former ally of President Tayyip Erdogan who is now accused […]
PARIS Jean-Luc Melenchon, the far left candidate who came fourth in the first round of France’s presidential election with nearly 20 percent of the vote, is polling core supporters on whether they will back centrist Emmanuel Macron in the second round. Melenchon’s ‘France unbowed’ political movement said in a statement that none of it members would vote for far-right leader Marine Le Pen on May 7. It […]
TOKYO McDonald’s Corp (MCD.N) has put on hold plans to sell shares in its Japan unit, which recently returned to profit for the first time in three years after a series of food scandals shook consumer confidence in the chain. The fast food giant has “made the decision to not proceed with the transaction at this time,” Chief Finance Officer Kevin M. Ozan told investors on a […]
Ontario capital Toronto. The province is hosting the first major universal basic income test in North America in 30 years.Image: carlo allegri/getty images By Patrick Kulp2017-04-26 01:15:48 UTC Thousands of randomly chosen Canadians may soon receive free checks in the mail. The province of Ontario just announced that a major trial run of a universal basic income program could begin as early as this summer. Universal basic […]
ANKARA Turkey will not wait at Europe’s door forever and is ready to walk away from EU accession talks if rising Islamophobia and hostility from some member states persist, President Tayyip Erdogan told Reuters in a wide-ranging interview on Tuesday. Speaking at the presidential palace less than two weeks after winning sweeping new powers in a referendum, a relaxed Erdogan said a decision by a leading European […]
