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Since the era of ultra-low interest rates ended, large-scale government borrowing is looking more and more problematic
French government to receive golden shares to protect sensitive assets linked to military
Markets price in more than two quarter-point cuts, compared with more than six expected at start of 2024
Also in today’s newsletter, a new report takes aim at the ECB’s ‘carbon bias’
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What lessons can we learn from Jamaica’s example?
S&P 500 closes down 1.2% in worst finish since mid-February and investors rush into Treasuries
Low-rated sovereigns are borrowing again, but restructurings are still . . . weird
An all-time high for the yellow metal is a sign drawdown investors should examine their reasons for holding it
Dutch government has floated idea of ditching capital instrument that is indispensable for issuers and investors
Chatting with a semi-interested American about semi-annual interest
Markets can be corrupted and are not fail-safe alone
Gold touches fresh record high while oil prices rise
Also in today’s newsletter, exploring the debate around green interest rates
Corporate borrowers bring forward financing plans to avoid uncertainty of Biden-Trump rematch in November
A new book argues that the low cost of green energy is not always an asset
Good governance is not necessarily a guide to a company’s environmental credentials
Tight fiscal rules can prevent the kind of investment which has helped the city state to thrive
Get set . . . go liquefy ageing loans
Also in today’s newsletter, Larry Fink embraces ‘energy pragmatism’
How to navigate the opportunities and challenges posed by a technology few can afford to ignore
Fund manager projects Fed will cut interest rates more slowly than other central banks
They’re being too loud
Experience shows that joint financing of public goods works
How green is your railway?
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