Japan PM Kishida Rules Out Dissolving Lower House During Current Session but Expectations for Snap Election This Year Stay Alive
By Max Sato (MaceNews) – Japanese Prime Minister Fumio Kishida late on Thursday denied he was considering dissolving the lower house of parliament during the current 150-day ordinary Diet session ending on June 21 but expectations for a snap election this year, possibly in the fall, remain alive. Kishida’s recent remarks had stirred speculation that […]
Italy’s PM Eyes Stronger US-Style Presidential System but Road Uphill
—Complex approval process ahead, potential referendum risky for Meloni By Silvia Marchetti ROME (MaceNews) – Italy’s rightist prime minister Giorgia Meloni wants to pass a key constitutional reform to boost powers of the head of government with the possibility of introducing a US-style direct election of the country’s leader, according to ruling coalition sources. It […]
Commentary: US Debt-Limit ‘Impasse’ Sees Biden Holding the High Cards
By Denny Gulino WASHINGTON (MaceNews) – When members of Congress prepare to leave on their next recess the Friday before Memorial Day, the debt-limit showdown will likely have been decided and House Speaker Kevin McCarthy will likely have seen his carefully built barriers to agreement be demolished like toothpicks in front of a freight train. […]
Italy Risks Losing Up To €44 Billion in EU Pandemic Aid, Unable to Use Funds
-Bureaucracy, delays, technical issues are main cause -PM Meloni wants to re-negotiate new targets with Brussels By Silvia Marchetti ROME (MaceNews) – Italy’s rightist government risks losing some EUR 44 billion of European direct pandemic aid, and potentially even more, as it struggles to use all the money within set targets and timelines. Both opposition […]
<strong>Analysis: Japan PM Kishida Seeking Monetary Policy Balance Between Continuity and Gradual Shift from Abenomics</strong>
–Reports Say Kishida Picks Academic Kazuo Ueda to Succeed Kuroda By Max Sato (MaceNews) – Japanese Prime Minister Fumio Kishida appears to have picked an academic candidate with some policymaking experience to replace retiring Bank of Japan Governor Haruhiko Kuroda in a surprise choice that could prompt a gradual departure from the decade-old reflationary Abenomics […]
Analysis: US Political System Struggles to Deal With Era of Limits
By Denny Gulino WASHINGTON (MaceNews) – As the Speaker of the U.S. House of Representatives enters 2023 as a greatly diminished figure, derided by late show comedians as “House Squeaker,” his humiliating path to leadership may be a bell which tolls for his peers in the U.S. political system as well. Although many market participants […]
Analysis: Choice of Italy’s Next Finance Minister Key for Incoming Government’s Credibility, ‘Fight’ Against ECB Rate Hikes Ahead
–ECB’s Panetta a possible candidate By Silvia Marchetti ROME (MaceNews) – The choice of who will be Italy’s next economy and finance minister will be key in determining the winning center-right coalition’s credibility on world markets, and its power in campaigning against more European Central Bank rate hikes. The center-right alliance, which includes the far-right […]
Italy’s Rightists Election Victory Leaves Shaky Financial Outlook — Explainer
By Silvia Marchetti ROME (MaceNews) – The right-wing coalition victory on Sunday will likely lead Italy to a super-accommodative, risky economic and fiscal stance as parties forming the alliance have all pledged tax cuts and more spending to support the economy. With final results yet to be released, the far-right Brothers of Italy group won […]
Sterling Drops to All-time Low Vs. Dollar; Gilt Yields Surge Above 4%
–Speculation of Emergency Bank of England Action Lifts the Pound from $1.0350 –Market Disorder Follows Friday’s Tax-Cutting Fiscal Statement By Laurie Laird LONDON (MaceNews) – Sterling plunged to an all-time low against the dollar early on Monday, following a weekend pledge from the nation’s top finance minister to extend tax cuts beyond the £45billion announced […]
Italy Faces Risk of New Debt Crisis with ‘Wobbly’ Right Win – Sources
By Silvia Marchetti ROME (Mace News) – Italy is facing the risk of a new sovereign debt crisis if a rightist win at the next election prevents formation of a stable pro-European government with a credible fiscal plan, according to current ruling coalition sources. Meanwhile, spreads have blown out as polls show overwhelming odds that […]