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Washington State received a warning from Moody's credit rating agency regarding its budget practices. The agency downgraded its outlook from stable to negative, citing concerns about reliance on reserves and one-time budget maneuvers that could jeopardize the state's strong credit rating and worsen future financial challenges.
Romanian currency hits new record low against euro on day of no-confidence vote Romania’s currency hit a new all-time low on Tuesday, May 5, the day the Parliament was scheduled to vote on the no-confidence motion against the government, as political uncertainty continues to weigh on financial markets. The exchange rate reached RON 5.218 per EUR, up from RON 5.199 recorded a day earlier by the National Bank. The RON has been on a steady downward trend in recent weeks, weakening by around 2.5% over the past two weeks after remaining relatively stable at around RON 5.09 per euro since the beginning of the year, Ziarul Financiar noted.
Căderea guvernului român a spulberat unul dintre ultimele „ziduri de protecţie” informale ale Europei împotriva extremei drepte, după ce social-democraţii din ţară s-au aliat cu euroscepticii ultranaţionalişti pentru a-l înlătura pe prim-ministrul Ilie Bolojan, scrie, miercuri, Financial Times (FT).
Acting US envoy to Ukraine will resign due to disagreements with President Donald Trump, the Financial Times reports Read Full Article at RT.com