In a recent court decision, French drugmaker Servier suffered a major blow in its ongoing legal battle against the European Union. The European Commission had imposed a hefty fine of 331 million euros on Servier back in 2014 for engaging in questionable deals with competitors to delay the entry of generic versions of its popular
Economy
In recent years, European Union banks have increasingly turned to Additional Tier 1 (AT1) bonds to bolster their capital reserves in the aftermath of the global financial crisis. These high-risk debt instruments, also known as contingent convertibles or CoCos, are designed to convert into equity or be written off if a bank’s capital falls below
The Asian stock market has displayed a roller coaster ride in recent weeks, with fluctuating sentiments and evolving dynamics. The market sentiment seems to be characterized by uncertainty and caution, as traders brace themselves for impending key events and data releases. While some sectors like tech stocks have seen a surge, others like China stocks
Recent signals from the Bank of Japan (BOJ) have hinted at a potential shift in its monetary policy towards quantitative tightening (QT) and a possible interest rate hike. This change in stance comes in response to renewed yen falls, which could lead to inflation surpassing the central bank’s 2% target by driving up import costs.
Boeing has recently made an offer to acquire Spirit AeroSystems Holdings in a deal that has caught the attention of many investors. The deal, which is said to be mostly funded by stock, values Spirit AeroSystems at approximately $35 per share. This offer represents a premium of almost 6% over Spirit’s stock closing price, indicating
Moody’s credit-rating firm, known for its strict evaluations of countries’ economic situations, has mentioned that it is unlikely to take negative rating actions on Japan even if the government fails to meet its primary budget-balancing target next fiscal year. According to their Japan sovereign analyst, Christian de Guzman, the target should be seen as a
In recent months, financial executives and investors have been expressing concerns about the growing U.S. fiscal deficits. The reaction of bond vigilantes to spendthrift French politicians serves as a stark reminder that the market will ultimately determine the tipping point for debt sustainability. While there have been warnings about the potential risks associated with rising
The Asian markets are entering the final trading week of the first half of the year with a mixed picture across different asset classes. While equities are looking reasonably positive, the currency and bond markets are showing signs of uncertainty. Chinese stocks, in particular, are struggling to maintain performance, with the recent decline widening the
Chancellor Olaf Scholz has made it clear that Germany’s coalition government will prioritize sticking to its social agenda while also providing military aid to Ukraine. Despite the tight domestic budget situation, Scholz emphasized the importance of defending and further developing the welfare state. Budget Talks and Priorities The three-way coalition consisting of the Social Democrats
During his visit to China, Germany’s Economy Minister Robert Habeck expressed that the European Union is willing to engage in discussions regarding EU tariffs on Chinese exports. He emphasized that the doors are open for dialogue and he hopes that his message was well received by his Chinese counterparts. This assertion came after Habeck’s meetings
The proposed European Union tariffs on Chinese goods have been a topic of discussion recently, with Germany’s Economy Minister Robert Habeck clarifying the intentions behind these measures during his visit to Beijing. Contrary to what some may believe, these tariffs are not meant to be a form of punishment, as highlighted by Habeck during a
Recently, Turkish Finance Minister Mehmet Simsek held a meeting with investors in London, where Turkey was highlighted as a positive standout among emerging markets. This meeting provided an opportunity for Simsek to discuss the progress made in the Turkish economy over the past year and shed light on the potential steps to be taken in