China Races to End Property Panic, Fill $446 Billion Funding Gap
Chinese leaders are making their most forceful push yet to end the nation’s property crisis, ramping up pressure
2023-11-23 09:20
Far-Right Won the Dutch Election: Here’s What You Need to Know
Geert Wilders was the surprise victor in Wednesday’s Dutch elections, after a late surge that catapulted his anti-EU
2023-11-23 08:50
China’s Xi Meets Top Russian Lawmaker in Sign of Tight Ties
Chinese leader Xi Jinping met a top Russian lawmaker, underscoring the warm relations the nations have forged following
2023-11-23 08:48
China Parliament Pressures Banks To Step Up Property Finance
China’s banks should step up funding for property developers to reduce the risk of additional defaults and ensure
2023-11-23 08:47
Altman Is Back at OpenAI, But Questions Remain as to Why He Was Fired in First Place
Sam Altman is returning to lead OpenAI less than five days after his surprise dismissal, which kicked off
2023-11-23 08:19
Fed Pivot Hopes to Turbocharge Southeast Asia’s Curve Flattening
Southeast Asia’s longer-dated bonds have been the winning trade as the region’s yield curve flattened, and there are
2023-11-23 08:18
Dutch Far-Right Leader Wilders Scores Shock Election Victory
Far-right lawmaker Geert Wilders won the Dutch elections and said he plans to lead the country’s next government,
2023-11-23 07:23
Indonesia Set for Cautious Rate Pause Amid Fragile Rupiah Gains
Indonesia’s central bank is expected to keep its benchmark interest rate steady, while staying on guard against external
2023-11-23 06:20
Far-right leader Geert Wilders projected to win Dutch election in exit poll
Dutch far-right populist Geert Wilders, who has vowed to stop all immigration to the Netherlands, was heading for a landslide victory in parliamentary elections on Wednesday, in one of the biggest political upsets in Dutch politics since the second world war. A win by Mr Wilders, sometimes dubbed the Dutch Donald Trump and who has previously urged his country to leave the EU, would send shockwaves through Europe. The result puts the anti-Islam politician in line to lead talks to form a new ruling coalition and possibly become the country’s prime minister at a time of political upheaval through much of Europe. As voting closed, the Ipsos poll put his Freedom party (PVV) at 35 out of 150 seats, nine seats ahead of the closest rival, Frans Timmermans’ Labour/Green Left combination, and more than double the 17 seats he won at the last election. The party of outgoing prime minister Mark Rutte, the conservative VVD, was in third place at 23 seats, the exit poll showed. Political parties from the left to the far-right PVV are competing to secure a leading position in the Dutch parliament. Immigration – the issue that triggered the collapse of Mr Rutte’s cabinet after 13 years in power – has been a key issue in the campaign. Mr Rutte was the country’s longest-serving prime minister, but has faced a decline in his popularity. Mr Wilders’ election programme calls for a referendum on the Netherlands leaving the European Union, a total halt to accepting asylum-seekers and migrant pushbacks at the Dutch borders. The populist with dyed blonde hair said in a television debate during the election campaign: “It’s been enough now. The Netherlands can’t take it any more. We have to think about our own people first now. Borders closed. Zero asylum seekers.” A self-proclaimed fan of Hungary’s far-right Victor Orban, Mr Wilders is also explicitly anti-EU, urging the Netherlands to significantly reduce its payments to the bloc, and to stop the entry of any new members. He has also repeatedly said the country should stop providing arms to Ukraine, saying it needs the weapons to be able to defend itself. However, none of the parties he could potentially form a government with shares these ideas. In 2016, he said he wanted to ban all Islamic symbols, mosques and the Quran, although in this election campaign he has been seeking to soften his image in the hope of entering government, which some voters said they liked. He said recently that opposing Islam remained at his party’s core but concerns over the cost of living, improving care for the elderly and limiting immigration were what he focused on now. His enduring popularity since he created PVV in 2006 has pushed ruling parties over the years to give the Netherlands one of Europe’s toughest immigration policies. Abroad, his comments about the prophet Mohammed and calls for the Quran to be banned led to sometimes violent protests in countries including Pakistan, Indonesia and Egypt. He was convicted of discrimination after insulting Moroccans at a campaign rally in 2014. Death threats against him mean he has lived under heavy police protection for years. Read More The top contenders to lead the Netherlands, from a former refugee to an anti-Islam populist An election to replace the longest-serving leader of the Netherlands gives voters a clean slate Netherlands election: Polls open in neck-and-neck race to decide next Dutch leader Dutch political leaders campaign on final day before general election that will usher in new leader Potential kingmaker in Dutch coalition talks comes out against anti-Islam firebrand Wilders Dutch election candidates make migration a key campaign issue in the crowded Netherlands
2023-11-23 05:17
Brazil Raises 2023 Deficit Estimate, Fueling Market Jitters
Brazil raised its estimate for this year’s budget gap to account for rising government spending and declining revenue
2023-11-23 03:58
Hunt’s £21 Billion Stimulus for UK Sparks Concern on Inflation
Chancellor of the Exchequer Jeremy Hunt will provide a £21 billion ($26.2 billion) stimulus to the UK economy
2023-11-23 02:52
Nagel Says ECB Close to Peak Rate, Can’t Exclude Another Move
Bundesbank President Joachim Nagel said the European Central Bank is near peak for its borrowing costs, though another
2023-11-23 02:25