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Aegon closes the sale of Stonebridge

Press release content from Business Wire. The AP news staff was not involved in its creation. ....

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China Expected to Cut Local Government Bond Quota to Reduce Debt

(Bloomberg) China is set to reduce local government bond sales and rein in its budget deficit this year, scaling back the pandemic stimulus measures that fueled debt while helping the economy recover.The government is likely to reduce its quota for special local bonds mostly used for infrastructure spending to 3.5 trillion yuan ($541 billion) from 3.75 trillion yuan last year, according to the median estimate of 10 economists surveyed by Bloomberg. The fiscal deficit target is forecast to be cut to 3% of gross domestic product from 3.6% in 2020.Beijing is set to unveil its major economic goals on March 5, when the National People’s Congress, China’s rubber-stamp parliament, convenes for its yearly meeting. Officials have already signaled they would withdraw some of the stimulus rolled out last year that contributed to the economy’s rapid V-shaped recovery.“Curbing debt risks and capping the leverage ratio will be among policy makers’ top priorit ....

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Stocks rally on Wall Street, S&P 500 has best day since June

BEIJING (AP) — Asian stock markets were mixed Tuesday after Wall Street rose as a wave of investor concern about possible higher interest rates receded. ....

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Tunisia's Ennahda party rallies supporters as political row grows

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Tunisia s biggest political party assembled tens of thousands of supporters in the capital on Saturday in a show of strength that could fuel a dispute between the president and the prime minister.
In one of the biggest demonstrations since Tunisia s 2011 revolution, Ennahda supporters marched through central Tunis chanting The people want to protect institutions! and The people want national unity! .
The dispute has played out against a grim backdrop of economic anxiety, disillusionment with the democratic process and competing reform demands from foreign lenders and the UGTT, the powerful main labour union, as debt repayments loom.
Ennahda, led by Parliament Speaker Rached Ghannouchi, has backed Prime Minister Hichem Mechichi in a stand-off with President Kais Saied over a cabinet reshuffle. ....

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