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Financial Post (Canada) 07/04/2020 12:50
(Bloomberg) — A social and economic crisis “is starting” in France as the health crisis persists, new Prime Minister Jean Castex said Saturday in his first comments to the media since he was appointed a day earlier by President Emmanuel Macron. Castex spoke after visiting semi-conductor manufacturer X-Fab France’s plant in Corbeil-Essonnes, near Paris, choosing […]
Financial Post (Canada) 07/04/2020 07:11
By Kamlesh Bhuckory (Bloomberg) — Mauritius will amend financial legislation to enable the central bank to raise funds for sustainable economic development projects. Under the new law, the Bank of Maurtius will be able to “raise loans by the issue of securities for investment in projects or companies promoting the sustainable economic development of Mauritius, […]
Financial Post (Canada) 07/03/2020 08:54
KYIV — Ukraine’s Central Bank Governor Yakiv Smoliy said on Friday he had resigned as a protest against the “systematic political pressure” being exerted on the bank to take decisions that were economically unsound. He accused politicians of trying to strong-arm him into cutting interest rates, letting the currency devalue and letting inflation rise, while […]
Financial Post (Canada) 07/03/2020 08:40
AMSTERDAM — The risk of a deeper economic euro zone recession than predicted in the European Central Bank’s (ECB) baseline scenario has diminished, ECB governing council member Klaas Knot said on Friday. “Recent data solidifies the confidence in our baseline scenario with a more favorable balance of risks,” the Dutch central bank president said in […]
Financial Post (Canada) 07/03/2020 08:37
HARARE — Zimbabwe’s Landela Mining Venture has reached agreements to take over and revive four idle state-owned gold mines and is in talks to buy more assets from a privately-owned bullion producer, its chief executive said on Friday. Unlisted Landela is majority-owned by Kudakwashe Tagwirei, an adviser to President Emmerson Mnangagwa and one of the […]

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