AMSTERDAM (Reuters) – Inflation expectations in financial markets seem overly optimistic, increasing the risk of renewed stress if monetary policy needs to be tightened for longer to tame inflation, Dutch central bank chief Klaas Knot said on Wednesday. “Financial markets are extraordinarily optimistic and are expecting inflation to drop as fast as it rose. For…
By Sarah Marsh BERLIN (Reuters) – The far-right Alternative for Germany (AfD) is riding high in the polls to the alarm of mainstream parties and is on track to win three state votes in the east of the country with calls to stop migration and curb what it sees as a costly green agenda. AfD…
By Nikolaj Skydsgaard COPENHAGEN (Reuters) -Danske Bank on Wednesday raised its long-term earnings target and said it plans to divest its Norwegian retail business as part of a strategy to catch up with more profitable Nordic rivals. Denmark’s largest lender now aims for a return on equity (ROE) by 2026 of 13%, up from a…
(Reuters) -Britain’s Payment Systems Regulator (PSR) said on Wednesday it has made it mandatory for banks and payment firms to reimburse victims of online bank fraud within five days, in cases where users at a business send money to a bank account controlled by fraudsters. Thousands of people have seen their savings swept away in…
By Elena Fabrichnaya MOSCOW (Reuters) – Russia’s No. 2 lender VTB expects to raise 94 billion roubles ($1.15 billion) in its secondary public offering (SPO), CFO Dmitry Pyanov said, in a capital top-up that will see an undisclosed investor acquire a chunk of the state’s share in the bank. VTB purchased rival Otkritie for 340…
FRANKFURT (Reuters) – European Central Bank interest rate hikes could take longer than usual to pass through to the real economy and their impact may be more muted than usual, ECB board member Isabel Schnabel said in a newspaper interview. The ECB has raised rates by a combined 375 basis points in the past year…
By Mathieu Rosemain PARIS (Reuters) -Atos, the struggling French IT consulting firm planning to split into two listed entities, said it expected sales at loss-making unit Tech Foundations to hit bottom in 2024. The firm, which will hold an investor day on Wednesday, said Tech Foundations – which groups its legacy IT consulting activities –…
(Reuters) – Satellite images taken on Tuesday afternoon by Maxar Technologies showed extensive flooding in southern Ukraine with the region’s Nova Kahkovka dam and hydroelectric station largely destroyed. The critical dam, which lies along the Dnipro River in the parts of Ukraine’s Kherson region now held by Russia, collapsed on Tuesday, flooding a swathe of…
A look at the day ahead in European and global markets from Sonali Desai China’s keenly awaited trade data for May did little to stir markets increasingly inured to weakening momentum in the world’s second-largest economy, although it will fuel further speculation of policy stimulus measures from Beijing. For the record, exports posted a bigger-than-expected…
By Guy Faulconbridge (Reuters) – A huge Soviet-era dam on the Dnipro River that separates Russian and Ukrainian forces in southern Ukraine was breached on Tuesday, unleashing floodwaters across the war zone. Ukraine said Russia had destroyed it, while Russia said Ukraine sabotaged it to cut off water supplies to Crimea and distract attention from…
