Forex

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Spanish PM Pedro Sanchez has called a cabinet meeting with a snap election after his budget was rejected in a 191-158 vote. The election will be held in April or May with Sancez's Socialist Party leading in the polls after Catalan parties withdrew support.

Fitch Ratings affirmed Germany's Sovereign rating and long term IDR's and unsecured foreign and local currency bonds at 'AAA' with a stable outlook as expected. Germany ran a surplus last year and Germany's fiscal position is expected to continue to improve.

Fitch Ratings affirmed Sweden's 'AAA' rating saying it reflects its high per capita income, persistent budget surpluses, declining public debt, strong governance and human development indicators, and a track record of sound economic policy.

The CFO of Chinese telecommunications giant Huawei Technologies Meng Wanzhou has been arrested by Canadian authorities with an extradition request from the U.S. over Iran sanctions violations. Meng is also daughter of company founder Ren Zhengfei.

The SEC charged boxing champion Floyd Mayweather and rapper DJ Khaled for not disclosing their payment from Centra Tech ICO, the two settled without admitting or denying the charges. The founders were arrested in April for fraud by the SEC.

Tensions have risen between the Ukraine and Russia after the Russians seized Ukrainian naval boats in what Oleksandr Turchynov, the Ukrainian Secretary of their Security and Defence Council called the action an act of war. Ukraine to vote on declaring marital law. 

In the backdrop of trade wars and after three years of negotiations, the World Trade Organisation (WTO) has added Australia to the Agreement on Government Procurement (GPA), ensuring Australian exporters are now open to an estimated $1.7 trillion market.

With trade tensions deepening between the U.S. and China the foreign ministers of both China and Australia met with the aim looking to deepen their bilateral comprehensive strategic partnership leading to zero tariffs between the two nations.

Fitch Ratings downgraded its outlook for Mexico’s sovereign debt on Wednesday with the catalyst the decision by president-elect Andrés Manuel López Obrador to cancel a $13bn new airport project this week.

The Italian government has ostensibly rebuked the technocrats of Europe by what what the EU calls Italy's planned budget deviation as 'unprecedented'. The EU's Moscovici handed Italian finance minister Tria a letter outlining EU concerns

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