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☆ Euro zone bond yields rise after European Central Bank delivers 'hawkish' cut
  + stars: | 2024-06-06 | by ( Jenni Reid Ruxandra Iordache | Jenni Reid | Ruxandra Iordache | ) www.cnbc.com   time to read: +1 min
A man shelters from the rain under an umbrella as he walks past the Euro currency sign in front of the former European Central Bank (ECB) building in Frankfurt am Main, western Germany. Euro zone government bond yields extended gains Thursday afternoon, shortly after the European Central Bank announced its first interest rate cut in five years. Germany's 10-year bond yield, seen as the euro area benchmark, was up 6 basis points to 2.557% at 3:12 p.m. London time. The country's 2-year bond yield was higher by 4 basis points to 3.025%. Italy's 10-year bond yield was up 7 basis points to 3.88%, while the yield of the Spanish bond of the same maturity added 6 basis points to 3.29%.
Organizations: European Central Bank, ECB, Bank Syz Locations: Frankfurt, Germany, London
☆ Nicola Sturgeon announces shock resignation as Scottish first minister
  + stars: | 2023-02-15 | by ( Jenni Reid Ruxandra Iordache | Jenni Reid | Ruxandra Iordache | ) www.cnbc.com   time to read: +4 min
Nicola Sturgeon announced her resignation as Scottish first minister in a surprise press conference in Edinburgh on Wednesday, saying her departure is not the result of short-term pressures. Sturgeon has been Scotland's longest-serving first minister, acting in the position and as leader of the Scottish National Party since 2014. In November, the U.K.'s highest court ruled that any second Scottish independence vote would have to be approved by the U.K. government. Stewart McDonald, a SNP member of parliament, said on Twitter, "Nicola Sturgeon is the finest public servant of the devolution age. She will be an enormous loss as First Minister and SNP leader."
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