Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

EU to offer single-market access to candidate countries

Economic benefits would be conditional and can be taken away if non-members backslide on democracy or share sensitive tech with unfriendly governments, the plan says.

The European Union is set to offer single-market access to countries currently waiting to join its ranks, according to a draft proposal obtained by POLITICO. The proposal, overseen by the EU Commission and led by top advisor Alexandre Adam, would grant candidate countries like Ukraine, Moldova, Albania, and Montenegro "gradual integration" into the single market, including frictionless trade and access to research programs.

Economic benefits would depend on the country's support for the EU's foreign policy objectives, with access to sensitive sectors contingent on cooperation on investment screening, export controls, and the protection of sensitive technologies.

Brief written by urgent.news from Politico EU's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

Read the original at politico.eu →

More in Finance & Markets

Goldman’s $18.2bn private credit fund sees redemption requests fall to 2%

Goldman Sachs’ $18.2bn private credit fund recorded another decline in investor redemption requests during the third quarter, bucking the elevated withdrawal levels reported across much of the private…

  • Goldman's $18.2bn private credit fund, GS Credit, saw redemption requests drop to 2% in Q3.
  • Investors in GS Credit primarily come from private wealth channels with longer investment horizons.

[Closing Market] KOSPI Retreats to 6,830 Level Amid Stable FX Rate

On Sept. 30, the last trading day of September, the domestic stock market closed lower, weighed down by simultaneous selling from foreign and institutional investors.

  • KOSPI stock market closed at 6,838.04, down 0.48% on September 30
  • Foreign investors netted 2.52 trillion won, institutional investors netted 768 billion won
  • KOSDAQ market closed at 855.91, up 0.72% despite overall market decline

More from Wednesday 30 September →