EU - Coronavirus Debt: Netherlands refuses to 'Go Dutch' on EU coronavirus debt

As the European Union spars over an emergency economic package for countries reeling from the COVID-19 pandemic, the Dutch have revived their image of thriftiness by refusing to support a plea by southern members to take on collective debt.

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https://www.reuters.com/article/us-health-coronavirus-eu-netherlands/netherlands-refuses-to-go-dutch-on-eu-coronavirus-debt-idUSKCN21R31J

China - US Relations: Treasurys: Bond markets move because US depends on China as buyer - by Huileng Tan

Markets took a hit following a Bloomberg News report that cited unnamed sources as saying that officials in Beijing have recommended China, the largest holder of U.S. Treasurys, to slow or even halt its purchases of that debt.

U.S. stocks on Wednesday snapped a six-day winning streak, and Treasury yields, already in an upswing, moved higher with the 10-year reaching 2.597 percent, their highest level since March 15. Bond yields rise when bond prices fall.

China's foreign exchange regulator publicly refuted the Bloomberg report on Thursday, saying it cited "false information." But the jolt to markets may have been designed as a warning to Washington, which is clashing with China over trade and other issues.

China holds $1.2 trillion of U.S. debt — more than any country. When it buys U.S. bonds, it is effectively lending money to the United States. Washington uses bond sales to China and others to help finance itself.

Read more: Treasurys: Bond markets move because US depends on China as buyer

Credibility crisis for UK in Europe - by Michelle Price and Ben Wright

"The UK is suffering from a lack of political credibility in Brussels, which is diminishing its ability to influence a range of European financial services reforms." This threatens to undermine London’s status as the dominant international financial center, according to senior financial executives and lobbyists in the City of London.

Anthony Belchambers, chief executive of the London-based Futures and Options Association, said: “London does not have the same presence or credibility in Brussels since the crisis.” Another senior City of London lobbyist, who asked not to be identified, said: “The London brand is damaged and no one is listening to us.”

The comments came in response to a speech by David Lidington, the UK minister for Europe, who last month urged the City of London to step up its efforts to court European policymakers and “dispel the myth of Anglo-Saxon isolationism”.

For the complete report go to: efinancial News