July 3, 2024
Finance

Former emerging world finance chiefs call for debt reworks to enable climate spending

By Libby George LONDON (Reuters) – A group of prominent former emerging market finance chiefs is pressing global leaders to incorporate external shocks and climate change into debt sustainability calculations, according to a letter published on Wednesday. The signatories, former central bankers and finance ministers mostly from emerging economies from India to Argentina, also called

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Finance

Investors scour the globe for shelter as Wall Street shakes

LONDON (Reuters) — Global investors are eyeing European and emerging market assets to protect themselves from further turbulence in U.S. stocks and bonds as stubborn inflation causes bets on the timing of Federal Reserve interest rate cuts to be revised. April was a washout on Wall Street, with the S&P 500 share index and U.S.

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