Rabobank Nederland had its outlook lowered by Standard & Poor’s after the biggest Dutch mortgage lender was fined 774 million euros ($1 billion) for its involvement in rigging benchmark interest rates.
The three-year effort to open the Obamacare health-insurance exchanges culminates today, beset by logistical delays and a U.S. government shutdown borne of Republican opposition to the Affordable Care Act.
It’s fashionable to say the era of strong emerging-market growth is over. As the U.S. recovers, the global cost of capital will rise, holding back investment; against this background, avoiding the next crisis is the best that most emerging economies can do. If you take this view, India might seem a perfect example, with its widening current account deficit, heavy public borrowing, persistent inflation and weak currency.
German companies are more bullish on the euro’s prospects over the next three months than at any time since February, showing confidence in the ability of the European Central Bank’s interest-rate cuts to spur the economy.
Anne Filipic, who helped Barack Obama secure a turning-point victory in the 2008 Iowa caucuses, plans to send thousands of volunteers door-to-door this year on a new campaign: to help the president sell his health-care law to the nation’s 50 million uninsured.
The Irish Congress of Trade Unions, a workers umbrella organization, is marching in Dublin today against a 15 billion-euro ($20 billion) austerity package aimed at cutting the government’s budget deficit.