Tag: market

President of Lebanese Opposes Paying Sovereign Debts Further Pummeling Themselves into a Heavily-Debt State

President of Lebanese Opposes Paying Sovereign Debts Further Pummeling Themselves into a Heavily-Debt State

Business
According to reports, Lebanon’s top leadership has raised issues about repaying the country’s sovereign debt. The following rumors come from the President’s office, on Saturday. The following remarks indicate that Lebanese looks to drive itself into the grounds further as it looks to head towards a major financial crisis in the future. Lebanon’s economy took a turn for the worse starting from October as its local currency was slashed in value by 40% as leading banks in the country denied complete access to their accounts further tightening the situation. Lebanon has garnered a $1.2 billion Eurobond in debt which is due on 9th March which is just a subset of the entire $31 billion in dollar bonds in its entirety. Prime Minister Hassan Diab is expected to address the Eurobond issue as well
Coronavirus Affects European Stock Market as UK Sets to Exit their Eternal Marriage with the EU

Coronavirus Affects European Stock Market as UK Sets to Exit their Eternal Marriage with the EU

Business, Health
Ever thought that a novel epidemic can affect the stock market? Well, think again. The coronavirus has now affected 213 poor souls with the official cases rising to 10,000 as the World Health Organization declaring it a national emergency on Thursday. While it has an indirect effect due to lower trading with China, European stocks closed lower on Friday after the first two cases surfaced in the U.K. The pan-European Stoxx 600 ended 1% lower with the basic resources falling 1.7% across all the lead losses as all major sectors in trading were balancing in the red. Losses for European markets were deepened as initial GDP losses were estimated lower than usual during the fourth quarter of 2019. Core inflation slowed further growth of the economy as indicated by the European Central Bank. A q...