Economic prospects improve, Italy allegedly plans to abandon issuing regular bonds through banks in early fall
A person familiar with the matter revealed that given the improved outlook for the Italian economy, the Italian Ministry of Finance plans to abandon issuing regular Euro-denominated bonds through banks in early fall. According to people familiar with the matter, the Ministry of Finance aims to use the optimistic economic outlook to close the yield gap between Italian and Spanish treasury bonds. Due to the secrecy of the strategy, this person did not wish to be named. A spokesman for Italy's Ministry of Finance declined to comment. Italian treasury bonds rose after the news was released. The yield on 10-year treasury bonds fell 3 basis points to 0.67%, narrowing the yield difference with comparable German treasury bonds to around 99 basis points, about the yield difference with Spanish treasury bonds
Tesla loses his highest safety rating due to decommissioning of radar sensors.
Tesla decided to remove radar sensors from two best-selling models in the United States and use a pure vision system. As a result, the company lost the top safety rating given by a widely watched insurance industry group and influential Consumer report magazine. After Tesla announced the decision, the National Highway Traffic Safety Administration ((NHTSA)) said on Wednesday that Tesla Model 3 and Model Y cars produced after April 27 will no longer be labeled with some advanced safety features, including forward collision warning, lane departure warning, emergency braking and dynamic braking support. But these two cars
The Bill and Melinda Gates Foundation is considering the introduction of outside directors
Bill Gates and Melinda French Gates are considering making changes to their foundation. Mark Mark Suzman, CEO of the foundation, said on Thursday: "as I told the foundation staff last week, I am actively discussing with Bill and Melinda what they and Warren (Buffett) may take to enhance the foundation's long-term sustainability and stability." No decision has been made, Suzman said, adding that Bill and Melinda "reaffirmed their commitment to the foundation and will continue to work together for our mission." It was reported earlier that Bill
The biggest drop in tin prices since 2011 shows that the supply crisis is easing.
Tin prices on the London Metal Exchange fell 11 per cent at one point, the biggest drop since September 2011, in signs that historic supply shortages are beginning to ease. Tin prices continued the decline that began on Friday as investors pulled out of the base metals market after a sell-off in global bond and equity markets. Tin prices rose in early February, when exchange inventories hit record lows, triggering one of the biggest supply shortages in the metals market.
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