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Romania's budget gap and wage growth fuel inflation, S&P says

Romania's budget gap and wage growth fuel inflation, S&P says BUCHAREST, Oct 14 (Reuters) - A big budget deficit ahead of elections later this year has aggravated Romania's inflation, which is the highest in central and eastern Europe and will likely stay above target through 2027, S&P Global Ratings said in its latest ratings review. S&P affirmed Romania's credit rating at BBB- with a stable outlook, underpinned by expected inflows of European Union development and recovery funds, but said it e
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French 10-year yields rise after budget, German Bund yields climb

UPDATE 1-French 10-year yields rise after budget, German Bund yields climb Updates prices By Medha Singh Oct 11 (Reuters) - French bond yields e dged higher on Friday as investors assessed the government's 2025 budget to tackle a spiralling fiscal deficit, while German bond yields hit a fresh one-month high. French Prime Minister Michel Barnier's new government, under pressure from financial markets and France's European Union partners to take action, outlined plans for 60 billion euros ($66 bil
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French 10-year yields rise after belt-tightening budget; German Bund yields climb

French 10-year yields rise after belt-tightening budget; German Bund yields climb Updates at 0947 GMT By Medha Singh Oct 11 (Reuters) - French bond yields edged higher on Friday as investors assessed the government's 2025 budget to tackle a spiralling fiscal deficit, while German bond yields hit a fresh one-month high. Prime Minister Michel Barnier's new government, under pressure from financial markets and France's European Union partners to take action, outlined plans for 60 billion euros ($66
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HSBC cost cuts expose new CEO’s bigger problem

BREAKINGVIEWS-HSBC cost cuts expose new CEO’s bigger problem The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 10 (Reuters Breakingviews) - There’s always a case to be made for cost cuts at HSBC HSBA.L , 0005.HK . The $160 billion lender employed 214,000 people in June and arguably suffers from duplication across its different bits.
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Ukrainian patriotism and profits spur boom in war bonds

Ukrainian patriotism and profits spur boom in war bonds Ukraine has appealed to people to invest in state debt Ongoing war has drained coffers, raising borrowing needs Retail investors increase their exposure to war bonds Despite rising demand, share of overall borrowing is small By Olena Harmash KYIV, Oct 10 (Reuters) - "Buy new bonds. It's like a donation," lawyer Olesia Mykhailenko wrote, urging her nearly 14,000 social media followers to buy Ukrainian war bonds and publishing a screenshot of
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