Saudi Arabia’s stock market fell by 2.3% at Sunday’s open as the country confronted with weekend drone attacks on the heart of its oil production facilities in Abqaiq and Khurais claimed by Yemen’s Houthi rebels. Reports that the country may take weeks to return to full oil supply capacity is set to send crude futures […]
Ingka Group, which owns most IKEA stores, said on Friday it would buy an 80% stake in seven Romanian wind farms from wind turbine maker Vestas for 136 million euros (122 million pounds), according to Reuters.
Oil prices fell about 1.5% on Thursday after a media report cast doubt on the possibility of an interim U.S.-China trade deal and as a meeting of the OPEC+ alliance yielded no decision on deepening crude supply cuts.
The European Central Bank approved a fresh stimulus package as expected on Thursday, cutting interest rates and approving a new round of bond purchases to prop up euro zone growth and halt a worrisome drop in inflation expectations. The ECB cut its deposit rate to a record low -0.5% from -0.4% and will restart bond […]
U.S. President Donald Trump has suggested that the U.S. Federal Reserve drive interest rates into negative territory. He says his motivation was to refinance the U.S. government’s $22 trillion (17.80 trillion pounds) in outstanding debt and lengthen the amount of time over which it is repaid. Negative rate policy is something Fed officials have downplayed […]
11 instituții reprezentative ale industriei financiare din România au semnat Acordul de Colaborare pentru crearea Platformei Financiare, proiect mobilizator ce urmărește promovarea, în cooperare cu instituțiile interesate, a principiilor dezvoltării economice durabile şi ale progresului social.
Facebook’s Libra cryptocurrency project is seeking a Swiss payment system licence, financial watchdog FINMA said on Wednesday, noting the breadth of the planned services would require broad oversight. The world’s largest social media network announced plans in June to launch a cryptocurrency as it seeks to expand beyond social networking and move into e-commerce and […]
WeWork owner The We Company is considering slashing the valuation of its planned stock market launch to below $20 billion (16.2 billion pounds), two people familiar with the matter said, the latest blow to leading tech investor SoftBank Group after limp flotations of Uber and Slack. Having previously hoped to be in a position to […]
Turkey’s central bank is expected to cut its policy rate by 250 basis points to 17.25% this week, and to lower it to 16% by year end as it continues an easing cycle meant to help lift the economy from recession, a Reuters poll showed on Tuesday. The central bank in July slashed the rate […]
Mid Europa Partners („Mid Europa”), principalul investitor de capital privat în Europa Centrală și de Est („CEE”), a anunțat ieri deschiderea biroului din București, un pas important în consolidarea activității pe piața locală. Matthew Strassberg și Robert Knorr, Co-Managing Partners ai Mid Europa, au declarat: „Inaugurarea biroului de la București este o evoluție naturală a […]
Datele privind evoluția comerțului exterior al Chinei din luna august au reprezentat una dintre cele mai importante informații care ni s-au oferit în weekend, deoarece au arătat o scădere a exporturilor cu 1% în termeni anuali (în USD). În același timp, exporturile către Statele Unite au scăzut cu până la 16%, încetinind brutal de la […]
JPMorgan Chase & Co is close to winning the lead advisory role for Saudi Aramco’s initial public offering, a source familiar with the situation said on Sunday. Reuters reported last month that Aramco formally asked major banks to submit proposals for potential roles in its planned IPO. A final decision is likely to come later […]
Deficitul de încasare a TVA de 36% plasează România, pentru al 5-lea an consecutiv, pe locul fruntaș în clasamentul publicat de Comisia Europeană (CE) pe 5 septembrie 2019. Față de anii 2013 și 2014 când diferența dintre suma încasată efectiv la buget și cea care ar fi trebuit colectată era de 38%, respectiv 40% din […]
The valuation targets for controversial real estate company WeWork are being dramatically lowered and the real estate company may not go public next week, according to CNBC. “Even at a $25 billion valuation, the demand is not there”. WeWork last raised money at a $47 billion valuation in the private market. WeWork’s earlier valuation came […]
Vienna Insurance Group (VIG) starts operating in Sweden, Norway, Denmark and Finland. A locally established team of VIG underwriters will be offering insurance solutions to corporate customers through brokers. Branch offices are planned in Stockholm, Copenhagen and Oslo, Finnish customers will be serviced within the framework of the freedom to provide services. With its nearly […]
Stocks in Hong Kong soared nearly 4% on Wednesday afternoon trade following reports that a controversial extradition bill is set to be withdrawn. By the market close, the Hang Seng index had jumped 3.9% to 26,523.23, paring some gains after surging as high as more than 4% earlier. Hong Kong leader Carrie Lam will reportedly […]
Boris Johnson a suferit marți o înfrângere umilitoare, după ce parlamentarii britanici au votat să preia controlul agendei Camerei Comunelor, încercând să-l împiedice pe Boris Johnson din tentativa sa de a scoate Regatul Unit din Uniunea Europeană. Așadar, ce urmează? Parlamentarii au timp până luni să aprobe un nou proiect de lege care să permită […]
Current uncertainty and worries are clearly reflected in the financial markets. Investors are fleeing into assets that are deemed safe such as gold, U.S. Treasuries and the dollar. They still flock to the U.S. on a massive scale whereas a lot of the current insecurity derives directly from the White House. At the same time, […]
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