Tag Archives: Financial

Global Finance Leaders Show Optimism, Emphasizing Innovation and Adaptation in SIX Future of Finance Study

(IN BRIEF) The SIX Annual Future of Finance Study reveals that 53% of global financial executives are optimistic about economic improvement in the coming year, though many recognize the need for strategic adjustments to harness growth opportunities. Key growth drivers … Read the full press release

OLAF and AFCOS Strengthen Cooperation to Combat Fraud at International Conference

(IN BRIEF) The European Anti-Fraud Office (OLAF) hosted a conference in Brussels with representatives from national Anti-Fraud Coordination Services (AFCOS) across the EU and candidate countries to enhance cooperation in fighting fraud. The event emphasized the need for collective action … Read the full press release

FrieslandCampina Secures Strong Investor Demand with €300 Million Hybrid Bond Issuance

(IN BRIEF) Royal FrieslandCampina N.V. has issued a €300 million hybrid bond to proactively refinance an existing bond set to reset in December 2025. The bond was well received by institutional investors, with orders exceeding €1.2 billion. The bond carries … Read the full press release

Infineon Unveils SECORA™ Pay Green: Revolutionizing Payment Cards with Eco-Friendly, Recyclable Technology

(IN BRIEF) Infineon Technologies AG has launched SECORA™ Pay Green, the world’s first contactless payment card technology designed to significantly reduce plastic waste and carbon emissions in the payment card industry. This new solution integrates an eco-friendly Coil-on-Module (eCoM) package, … Read the full press release

Vienna-Prague Stock Exchange Group Launches World’s First DLT-Based Securities Settlement Platform

(IN BRIEF) The Central Securities Depository in Prague, part of the Vienna-Prague Stock Exchange Group, has become the first institution globally authorized under the EU’s DLT pilot regime to operate a distributed ledger technology (DLT) market infrastructure. Starting in November … Read the full press release

GEMs Consortium Reports Highlight Strong Credit Performance in Emerging Markets, Encourage Investment

(IN BRIEF) The GEMs Consortium, which includes 26 multilateral development banks and development finance institutions, has released two new reports offering in-depth insights into credit risks in emerging markets and developing economies (EMDEs). The reports reveal key data on default … Read the full press release

Strengthening Collaboration: CEB and EIB Group Unite to Tackle Social Challenges in Europe

(IN BRIEF) On October 14, 2024, the Council of Europe Development Bank (CEB) and the EIB Group, which comprises the European Investment Bank (EIB) and the European Investment Fund (EIF), convened in Paris to enhance collaboration in tackling the growing … Read the full press release

EIB and IKB Join Forces to Unlock €400 Million in Sustainable Financing for Germany’s Mid-Cap Companies

(IN BRIEF) The European Investment Bank (EIB) and IKB Deutsche Industriebank AG have launched a partnership to support sustainable finance for mid-cap companies in Germany, introducing a new loan portfolio of €400 million. This initiative is aimed at firms with … Read the full press release

EIB and IKB Partner to Launch €400 Million Sustainable Financing Initiative for Mid-Sized Companies in Germany

(IN BRIEF) The European Investment Bank (EIB) and IKB Deutsche Industriebank AG (IKB) have launched a strategic partnership aimed at enhancing access to sustainable financing for mid-cap companies in Germany. This initiative includes a €400 million loan portfolio, where the … Read the full press release

Euronext Expands European Derivatives Market with New Single Stock Options for Germany, Ireland, and Portugal

(IN BRIEF) Euronext has expanded its European derivatives offering by launching new Single Stock Options for German, Irish, and Portuguese stocks. The addition of 21 German options completes coverage of the DAX 40 Index, while six Irish and four Portuguese … Read the full press release

Deutsche Bank Earns Top Honors in Asia Pacific, Celebrating Success of Global Hausbank Strategy

(IN BRIEF) Deutsche Bank has received multiple prestigious awards in the Asia-Pacific region, including Best Corporate Bank and Best FX Bank, reflecting the success of its Global Hausbank strategy. The bank was recognized for its outstanding performance in corporate banking, … Read the full press release

Vienna Stock Exchange Sees Record Trading Volumes and Bond Listings in Q3 2024

(IN BRIEF) The Vienna Stock Exchange reported a strong performance in the third quarter of 2024, highlighted by exceptionally high trading volumes, record bond listings, and a new peak for the ATX Total Return Index, which reached 8,706.77 points on … Read the full press release

Stellantis Revises 2024 Financial Forecast Amid North American Struggles and Global Market Challenges

(IN BRIEF) Stellantis has revised its 2024 financial guidance due to significant performance challenges in North America and a global market slowdown. The company plans to cut North American vehicle shipments by over 200,000 in the second half of 2024 … Read the full press release

FTSE Russell Introduces Fixed Income Climate Indices to Boost Sustainable Investments

(IN BRIEF) FTSE Russell has launched two new fixed income indices, the FTSE Fixed Income TPI Climate Transition Index Series and the FTSE Fixed Income TPI Focused Glidepath Index Series. These indices aim to support investors in meeting their climate … Read the full press release

International Crackdown on Fraud Network Exploiting European Public Institutions Yields Major Seizures

(IN BRIEF) German and Italian authorities, with the support of Eurojust and Europol, have successfully dismantled a large-scale fraud operation that targeted public institutions, cities, and municipalities. The suspects used phishing techniques to manipulate real invoices and divert payments meant … Read the full press release

Ericsson and INFORM Team Up to Revolutionize Financial Security and Defeat Advanced Fraud

(IN BRIEF) Ericsson has partnered with INFORM to integrate the advanced RiskShield platform into its Mobile Financial Services Platform to enhance security in financial services and combat fraud. The collaboration will provide Ericsson’s global customers, including communication service providers (CSPs), … Read the full press release

GfK Report: Germany’s Consumer Confidence Sees Modest Rebound, But Economic Fears Persist

(IN BRIEF) Germany’s consumer sentiment showed a slight improvement in September 2024, according to the latest GfK report. After a significant drop the previous month, income expectations and willingness to buy have increased, resulting in a modest rise in the … Read the full press release

Ahold Delhaize Repurchased 250,000 Shares as Part of €1 Billion Buyback Program

(IN BRIEF) Ahold Delhaize has repurchased 250,000 common shares between September 16 and September 20, 2024, at an average price of €30.85, totaling €7.7 million. This buyback is part of a larger €1 billion program announced in November 2023. To … Read the full press release

Knorr-Bremse AG Launches 1.1 Billion Euro Bond, Paving the Way for Sustainable Investment

(IN BRIEF) Knorr-Bremse AG has successfully issued a dual-tranche bond totaling 1.1 billion Euro, marking its first Green Bond of 500 million Euro aimed at financing eligible green projects. The remaining 600 million Euro bond has a five-year maturity and … Read the full press release

VTTI Raises $1.7 Billion to Drive Growth and Sustainability Initiatives by 2028

(IN BRIEF) VTTI has secured $1.7 billion in financing through a mix of US Private Placement Notes, Bank Term Loans, and a Revolving Credit Facility to support its growth and sustainability goals. This refinancing will help VTTI diversify its capital … Read the full press release