Tag Archives: Financial

Imerys’ North American Talc Entities Secure Key Approval in Chapter 11 Reorganization Process

(IN BRIEF) Imerys’ North American talc subsidiaries have secured over 90% approval from voting claimants for their Plan of Reorganization, marking a key step in their Chapter 11 process. The company now moves toward a confirmation hearing in the second … Read the full press release

InvestEU-backed initiative offers businesses in Finland access to affordable financing for energy efficiency and clean technology

(IN BRIEF) Finnish companies will gain access to over €400 million in financing for green and digital transformations through a partnership between Nordea Bank and the European Investment Fund (EIF). Backed by the InvestEU programme, the agreement provides SMEs and … Read the full press release

NIB Partners with Ziklo Bank AB to Boost Financing for Swedish SMEs and SMCs

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a SEK 750 million (approximately EUR 65.2 million) loan agreement with Ziklo Bank AB to support small and medium-sized enterprises (SMEs) and small mid-caps (SMCs) in Sweden. The 7-year program will … Read the full press release

Eviden, Ordo, and ByzGen Launch Pilot Open Banking Platform to Transform Real-Time Payments with AI and Blockchain

(IN BRIEF) Eviden, part of the Atos Group, has partnered with fintech company Ordo and blockchain specialist ByzGen to pilot an innovative open banking platform. The solution enables real-time direct payments, offering a secure and cost-effective alternative to traditional payment … Read the full press release

EIB Supports Sustainable Development of Bilbao Port with €80 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has provided an €80 million loan to the Port Authority of Bilbao to support the port’s expansion and integration of renewable energy infrastructure. The project will enhance capacity and efficiency at a key … Read the full press release

Swiss Re Reports 2024 Insured Losses from Natural Catastrophes Exceeding USD 135 Billion

(IN BRIEF) Global insured losses from natural catastrophes in 2024 are projected to exceed USD 135 billion, marking the fifth consecutive year such losses have surpassed USD 100 billion, according to Swiss Re Institute. Hurricanes Helene and Milton caused nearly … Read the full press release

“AI Bubble” Named Stock Market Taboo Phrase of 2024 Amid Soaring Valuations and Investor Concerns

(IN BRIEF) The Austrian financial community has named “AI bubble” as the stock market taboo phrase of 2024, reflecting concerns over the rapid rise in valuations of companies linked to artificial intelligence (AI). While some warn that the high costs … Read the full press release

Rising Housing Costs and Energy Efficiency Dominate Barclays Property Insights Report

(IN BRIEF) Barclays’ Property Insights Report reveals an 8.2% year-on-year rise in rent and mortgage costs in November, driven by homeowners transitioning to higher interest rates. Energy efficiency improvements, such as insulation and solar panels, are a priority for a … Read the full press release

Saxo Bank Releases Outrageous Predictions for 2025, Highlighting Bold Scenarios That Could Disrupt Markets

(IN BRIEF) Saxo Bank has released its annual Outrageous Predictions for 2025, presenting a series of speculative scenarios that, while unlikely, could have dramatic effects on global markets if realized. Highlights include a hypothetical second Trump administration disrupting the US … Read the full press release

Equinor Confirms Dividend Payments for Q2 2024

(IN BRIEF) Equinor ASA announced a total cash dividend of USD 0.70 per share for Q2 2024, comprising an ordinary and an extraordinary dividend of USD 0.35 each. Based on the average USD to NOK exchange rate of 11.0741, the … Read the full press release

Societe Generale Advances Sustainable Finance Goals with €500 Billion Commitment by 2030

(IN BRIEF) Societe Generale has set a new €500 billion sustainable finance target for 2024-2030, focusing 80% on environmental initiatives like renewable energy and 20% on social projects. Having achieved its earlier €300 billion target ahead of schedule, the bank … Read the full press release

Fugro Launches €50 Million Share Buyback Programme to Strengthen Capital Structure

(IN BRIEF) Fugro has announced a €50 million share buyback programme to optimize its capital structure by reducing share capital and offsetting dilution from recently matured convertible bonds. Enabled by strong cash flow and a disciplined capital allocation strategy, the … Read the full press release

Adyen Reports Robust Q3 Growth with 20% Revenue Increase, Driven by Expanding Customer Partnerships

(IN BRIEF) Adyen reported a strong third quarter with net revenue growth of 20% year-over-year, driven by expanding customer relationships. The company processed €320.6 billion in volume, a 32% increase, with notable growth in its platform and Unified Commerce segments. … Read the full press release

Wolters Kluwer Honored for Excellence in Regulatory Reporting and Capital Management Solutions at 2024 Regulation Asia Awards

(IN BRIEF) Wolters Kluwer received high commendations at the 2024 Regulation Asia Awards for Excellence for its OneSumX solutions, recognized in the categories of Regulatory Reporting and Capital and Liquidity Management. The awards celebrate the company’s focus on operational resilience, … Read the full press release

SUSS Reports Record Q3 Results, Expands Production to Meet Growing Semiconductor Demand

(IN BRIEF) SUSS has reported strong Q3 results, with sales of €102.5 million and a 16.9% EBIT margin, continuing a robust growth trend in 2024. The company is expanding production, including a new Taiwan facility, to meet high demand. SUSS … Read the full press release

EIB Report: African Fintech Growth and Gender Strategies Drive Progress Amid Financial and Climate Challenges

(IN BRIEF) The EIB’s Finance in Africa 2024 report shows a nearly threefold increase in African fintech companies since 2020, significantly improving financial access across the continent. However, challenges like limited credit and high financing costs still impede economic growth. … Read the full press release

EBRD and OTP Bank Moldova Launch €30 Million Financing Boost for Moldovan MSMEs, Focusing on Agriculture and Trade

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has introduced a pioneering risk-sharing facility in Moldova with OTP Bank, enabling €30 million in new financing aimed at supporting the country’s MSMEs, particularly in agriculture and trade. This EU-backed … Read the full press release

Finnvera’s Financial Support Helps Propel Sibanye-Stillwater’s Keliber Lithium Project to Lead Europe’s Battery Supply Chain

(IN BRIEF) Finland’s battery sector is surging as green initiatives and the electrification of transport accelerate the demand for lithium and battery chemicals. Sibanye-Stillwater’s Keliber project, located in Central Ostrobothnia, Finland, seeks to become Europe’s first fully integrated producer of … Read the full press release

Würth Group Successfully Issues EUR 500 Million Bond to Strengthen Financial Liquidity and Strategy

(IN BRIEF) The Würth Group has successfully issued a EUR 500 million bond with a nearly 7-year term and a 3% fixed interest rate. The bond issuance follows a well-received European roadshow, where Würth presented its strategic plans and financial … Read the full press release

EIB and Deutsche Leasing Partner to Boost Green Transformation of Small Businesses with €200 Million Financing

(IN BRIEF) The European Investment Bank (EIB) and Deutsche Leasing have signed the second tranche of a €560 million project to support the green transformation of small and medium-sized enterprises (SMEs) and mid-caps in Germany and Eastern Europe. With €200 … Read the full press release