Bonjour et Bienvenue to the Paris Edition. I’m Paris Bureau Chief Alan Katz . If you haven’t yet, subscribe now to the Paris Edition newsletter . Slip of the Tongue Shortly before I was called up on stage to interview France’s new central bank governor, my tablemate at the Paris Finance Forum lunch turned and asked me if I was nervous. I replied that it’s always good to be at least a little anxiou...
Bonjour et Bienvenue to the Paris Edition. I’m Paris Bureau Chief Alan Katz . If you haven’t yet, subscribe now to the Paris Edition newsletter . Slip of the Tongue Shortly before I was called up on stage to interview France’s new central bank governor, my tablemate at the Paris Finance Forum lunch turned and asked me if I was nervous. I replied that it’s always good to be at least a little anxious. It helps sharpen the mind. I wasn’t worried enough. While introducing the governor, I accidentally called him Emmanuel Macron rather than his name, Emmanuel Moulin. The audience’s — and Moulin’s — laughter at my slip was all the heartier since his perceived proximity to the French president and his policies was the main reason why his confirmation process was somewhat bruising. In his first public appearance as governor , Moulin was disciplined in his remarks, making sure he didn’t violate the European Central Bank’s policy of not commenting on rates ahead of a meeting. (The ECB raised rates by a quarter point on Thursday). He did, however make headlines by saying that the Bank of France planned to raise its domestic inflation forecast for this year. Perhaps the most interesting aspect of Moulin’s talk was his renewed support for the digital euro, a project largely opposed by French banks. One point of friction is how much central bank money individuals will be able to hold. “It’s a bit too early to set the limit,” Moulin said. It didn’t sound like the parties are close to an agreement. But with the digital euro moving up the finance agenda , disagreements could quickly take on outsized importance. What caught my eye: Crossing the Tuileries Gardens this morning on my way to the office I saw the Paris Olympic cauldron from the 2024 games being reinstalled. The cauldron, which was lit and lifted by a hot air balloon every night, was one of my daily pleasures during the event. What I’m reading: Sea of Poppies, by Amitav Ghosh. But our books editor, who is in town this week,...
CP FOTON recently held an official launch event in Bangkok, Thailand, to unveil its eView Connect new energy van. Senior executives from the CP Group and Foton International, along with the first batch of customers, strategic partners, financial partners, national dealers, and local media, were all in attendance to witness this significant milestone in BAIC FOTON's journey toward the electrificati...
CP FOTON recently held an official launch event in Bangkok, Thailand, to unveil its eView Connect new energy van. Senior executives from the CP Group and Foton International, along with the first batch of customers, strategic partners, financial partners, national dealers, and local media, were all in attendance to witness this significant milestone in BAIC FOTON's journey toward the electrification of commercial vehicles in Southeast Asia.
JinkoSolar Holding ( JKS ) declares $1.50/ADS dividend , 15.4% increase from prior dividend of $1.30 per ADS. Payable July 9; for shareholders of record June 22; ex-div June 22. "Returning capital reflects our confidence in JinkoSolar's long-term prospects and our commitment to delivering sustainable value to shareholders," said Mr. Xiande Li, Chairman and Chief Executive Officer of JinkoSolar. Se...
JinkoSolar Holding ( JKS ) declares $1.50/ADS dividend , 15.4% increase from prior dividend of $1.30 per ADS. Payable July 9; for shareholders of record June 22; ex-div June 22. "Returning capital reflects our confidence in JinkoSolar's long-term prospects and our commitment to delivering sustainable value to shareholders," said Mr. Xiande Li, Chairman and Chief Executive Officer of JinkoSolar. See JKS Dividend Scorecard, Yield Chart, & Dividend Growth. More on JinkoSolar Holding JinkoSolar Holding Co., Ltd. 2026 Q1 - Results - Earnings Call Presentation JinkoSolar Holding Co., Ltd. (JKS) Q1 2026 Earnings Call Transcript JinkoSolar: Post-Earnings Weakness, Same Old Risks JinkoSolar to supply power to Chinese desert AI data center - report JinkoSolar, Masdar sign 2 GW module purchase deal for Abu Dhabi's gigascale RTC project
SpaceX has made history with the biggest-ever IPO, sending it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world’s first trillionaire. The company raised $75 billion in the IPO, ahead of its listing on the Nasdaq and Nasdaq Texas Friday on Friday. The Opening Trade has everything you need to know as markets open across Europe. With a...
SpaceX has made history with the biggest-ever IPO, sending it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world’s first trillionaire. The company raised $75 billion in the IPO, ahead of its listing on the Nasdaq and Nasdaq Texas Friday on Friday. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
Hi, this is Charles in Stockholm. Welcome to our weekly newsletter on what’s shaping economies and investments from the Arctic to the Baltic Sea. You can subscribe here . Currency Clash Ahead of an Aug. 29 referendum on restarting European Union membership talks, a debate is stirring in Iceland on whether to replace the krona with the euro. It’s spilling into newspapers, social media and even kids...
Hi, this is Charles in Stockholm. Welcome to our weekly newsletter on what’s shaping economies and investments from the Arctic to the Baltic Sea. You can subscribe here . Currency Clash Ahead of an Aug. 29 referendum on restarting European Union membership talks, a debate is stirring in Iceland on whether to replace the krona with the euro. It’s spilling into newspapers, social media and even kids’ TV shows. Those in the pro-euro camp argue that sticking with the krona leaves Iceland exposed to global financial swings and helps keep borrowing costs among the highest in Western Europe. Critics counter that the independent currency has helped Iceland’s economy absorb shocks from the financial crisis to the pandemic, and warn that the benefits of the euro are being oversold. Iceland’s central bank says adopting the euro would require deeper reforms, particularly in the labor market, while advocates see the common currency as a route to greater stability. When it comes to joining the trade bloc, polls show that a majority of voters would like to resume the talks. Still, the latest Gallup poll found that 46% of Icelanders oppose membership, while 39% are in favor and the rest undecided. The dispute has also fueled a broader discussion about how small economies should navigate an increasingly uncertain world. Even Sweden, long talked about as a possible future euro member, is moving cautiously around adoption. Support for the single currency has fallen again in most recent polling, suggesting that the appeal of monetary independence still remains strong in the Nordics. Investors Look Skyward Space is becoming one of the hottest areas of global investing. With Elon Musk’s SpaceX revving up to debut in New York after a record $75 billion IPO, investors of all stripes are lining up to place orders on satellites, launch systems and AI infrastructure, betting that the final frontier will underpin the next wave of growth. All this has helped propel Finland’s Iceye into Europe’s...
Hong Kong is reeling from a double tragedy on Wednesday after a 48-year-old social worker jumped to her death from her 19th-floor home in Taikoo Shing after arguing with her 12-year-old daughter about “education problems”. Hours later, the girl also jumped from her living room. The South China Morning Post breaks down the sequence of events and examines how Hongkongers can cope with stress and mai...
Hong Kong is reeling from a double tragedy on Wednesday after a 48-year-old social worker jumped to her death from her 19th-floor home in Taikoo Shing after arguing with her 12-year-old daughter about “education problems”. Hours later, the girl also jumped from her living room. The South China Morning Post breaks down the sequence of events and examines how Hongkongers can cope with stress and maintain harmonious family relationships. 1. How did the tragedy unfold? First, a government social...
Arrest of Min Zin, who writes about Myanmar and Chinese foreign policy, comes just month after Trump visit to Beijing China has arrested a US scholar who writes about Myanmar and Chinese foreign policy on suspicion of spying. Min Zin was suspected of “engaging in espionage activities that endanger China’s national security,” China’s ministry of foreign affairs spokesperson, Lin Jian, said on Frida...
Arrest of Min Zin, who writes about Myanmar and Chinese foreign policy, comes just month after Trump visit to Beijing China has arrested a US scholar who writes about Myanmar and Chinese foreign policy on suspicion of spying. Min Zin was suspected of “engaging in espionage activities that endanger China’s national security,” China’s ministry of foreign affairs spokesperson, Lin Jian, said on Friday. Continue reading...
Get up to speed with key market intelligence, news and insight before trading starts each day in this fast-growing economy with the Markets Daily India newsletter. Sign up here . After more than a decade, India is once again turning to its 35 million-strong diaspora for support. This time, banks are mounting a global campaign to attract more than $50 billion in deposits from overseas nationals as ...
Get up to speed with key market intelligence, news and insight before trading starts each day in this fast-growing economy with the Markets Daily India newsletter. Sign up here . After more than a decade, India is once again turning to its 35 million-strong diaspora for support. This time, banks are mounting a global campaign to attract more than $50 billion in deposits from overseas nationals as policymakers seek to bolster foreign exchange reserves and support a battered rupee. The pitch is simple: guaranteed returns of as much as 7.1% on dollar deposits, with lenders deploying relationship managers across Dubai, Singapore and London to drum up interest. Social media promotions and advertisements are targeting an increasingly affluent diaspora that sent home record sums last year. Atul Sinha, a Dubai-based non-resident businessman, said he had been approached by at least two state-run banks and a foreign lender with Indian operations. The sales pitch arrived through phone calls, emails and text messages touting the deposits as a tax-free, low-risk home for cash amid market volatility. Read More: Banks Pay 7% on Dollar Deposits as India Seeks Foreign Funds And for a product that rarely generates much excitement, the response has been unusually enthusiastic. “I plan to park funds there,” he said. “Given volatility in crypto, equities, and real estate, this foreign currency deposit offers fixed returns and stability,” he added. Sinha said he is likely to park his money with a bank that has a global presence. Typically seen as a vanilla banking product, Foreign Currency Non-Resident (Bank) deposits have morphed into a full-scale sales drive. Banks are mobilizing relationship managers and ramping up outreach across key expatriate hubs, especially non-resident Indians (NRI) in the Middle East. “Not just Dubai — NRIs everywhere,” said Arjun Mittal, Dubai-based chief investment officer at multi-family office Abbey Road. “We’ve seen interest from people in London, Singapor...
High street bank to buy UK business from US fintech company Acorns as it targets young people Business live – latest updates Barclays is to buy an app designed to help children understand and manage their money, as it targets young people in affluent families. The high street bank has agreed to buy the UK business of GoHenry, which provides children with personalised debit cards carrying their nam...
High street bank to buy UK business from US fintech company Acorns as it targets young people Business live – latest updates Barclays is to buy an app designed to help children understand and manage their money, as it targets young people in affluent families. The high street bank has agreed to buy the UK business of GoHenry, which provides children with personalised debit cards carrying their name, from the US fintech company Acorns, which will retain GoHenry’s US branch. Continue reading...
AbbVie (NYSE: ABBV) boasts a pretty attractive dividend at more than 3%. That's significantly higher than many other blue-chip healthcare stocks , including Eli Lilly (NYSE: LLY) , Johnson & Johnson (NYSE: JNJ) , and Amgen (NASDAQ: AMGN) , all of which yield dividends of roughly 2% or less. But dividends don't increase just because management wants them to. They rise because the business generates...
AbbVie (NYSE: ABBV) boasts a pretty attractive dividend at more than 3%. That's significantly higher than many other blue-chip healthcare stocks , including Eli Lilly (NYSE: LLY) , Johnson & Johnson (NYSE: JNJ) , and Amgen (NASDAQ: AMGN) , all of which yield dividends of roughly 2% or less. But dividends don't increase just because management wants them to. They rise because the business generates enough cash to support them. Continue reading
South Africa’s recent credit-rating upgrades are a strong endorsement of government policy and show the nation can restore its coveted investment-grade status if it stays on track, said the National Treasury chief. “This is a clear change of direction in our ratings trajectory after more than a decade of negative ratings news,” Duncan Pieterse wrote in an op-ed published on News24 Thursday. “It co...
South Africa’s recent credit-rating upgrades are a strong endorsement of government policy and show the nation can restore its coveted investment-grade status if it stays on track, said the National Treasury chief. “This is a clear change of direction in our ratings trajectory after more than a decade of negative ratings news,” Duncan Pieterse wrote in an op-ed published on News24 Thursday. “It could ultimately see South Africa regain its investment grade status — if it continues to do the right things on fiscal and economic policy.” Fitch Ratings raised its credit assessment of South Africa on June 5 to BB, two notches below investment grade, delivering the upgrade before putting the rating on a positive outlook as it often does before taking such a step. The move brought it in line with Moody’s Ratings and S&P Global Ratings, which also have the nation on a positive outlook — a significant marker of confidence against the backdrop of dimming global growth prospects and heightened inflation risks due to the Iran war. “South Africa is only the second Group of 20 country to be upgraded by Fitch this year,” Pieterse said. “It is one of only two G20 countries on positive outlook at S&P and the only one at Moody’s.” After years of weak economic growth, rising debt and deepening concern over crime, mismanagement and corruption — which saw South Africa’s credit rating downgraded to junk by all three agencies between 2017 and 2020 — investors have taken note. While the rand has weakened slightly since the Middle East conflict began in late February, it remains about 9% stronger against the dollar versus a year ago. The yield on the benchmark 10-year South African government bond are roughly 148 basis points lower. In addition to improving public finances, South African assets have also benefited from the country’s removal from a dirty-money watch list and the adoption of a 3% inflation target by the central bank last year, whose announcement delivered a sharp drop in gover...