Nov 28, 2024 | Markets
Plan to cut government spending falls flat with investors Currency is down 19% this year, the worst among majors The Brazilian real dropped to a record low and stocks slumped the most since early 2023 as a proposal to cut some $12 billion in public spending...
Nov 28, 2024 | Markets
Investors are seeking austerity as public debt rises The Brazilian real fell to an all-time low on Thursday Brazil Finance Minister Fernando Haddad unveiled a long-sought plan to cut 70 billion reais ($11.8 billion) from public spending through 2026 as investors’...
Nov 28, 2024 | Markets
France’s bonds have been underperforming peers on budget risks Investors await S&P credit rating update due on Friday France’s benchmark bond yield matched Greece’s for the first time on record, the latest milestone in a week marked by mounting anxiety over the...
Nov 28, 2024 | Markets
Fears of counterfeit $50 and $100 bills have disrupted foreign-exchange trade at Istanbul’s Grand Bazaar. Some bureaus at the bazaar, a traditional hub for currency trading, stopped purchasing the bills, saying the counting machines they use can’t identify the fake...
Nov 27, 2024 | Markets
Trading volume has risen multifold over the past year Concerns are growing about scams targeting retail investors As India’s stock exchanges expand, minting dozens of billionaires over the past few years, a sprawling and largely unregulated gray market for unlisted...
