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New Agrokor Owners to Vote on Settlement on July 4

The creditors of Croatia’s indebted food producer and retailer Agrokor will vote on a settlement deal on July 4, a local commercial court said on Thursday. For the deal to be approved, two-thirds of ... settlement deal on July 4, a local commercial court said on Thursday. For the deal to be approved, two-thirds ...

Daily Headline - global.abi.org - 06/21/2018 - 22:29 - 0 comments

Franco-German Budget Plans Hit Opposition

France and Germany’s “historic” agreement to establish a eurozone budget has run into immediate opposition from hawkish governments that are sceptical of plans to create a fiscal capacity for the single currency area, the Financial Times reported. Eu ...

Daily Headline - global.abi.org - 06/21/2018 - 22:32 - 0 comments

Markets Might Look Calm, but They are Behaving Abnormally

Do markets look a little weird right now? That is a question many investors might be asking. In recent weeks geopolitical tensions have intensified, and the monetary policy cycle is turning in both the US and Europe. Equity markets quivered on Monday, wh ...

Daily Headline - global.abi.org - 06/21/2018 - 22:32 - 0 comments

Giddy Property Prices are a Test for Swedish Policymakers

The property market has fallen a little closer to Earth: prices dropped by 9% between September and January, largely because of a surfeit of pricey new flats. They then steadied, and are around 5% below the peak—and 50% higher than at the start of 2013, ...

Daily Headline - global.abi.org - 06/21/2018 - 22:33 - 0 comments

Eurozone Creditors Reach ‘Historic’ Deal on Greek Debt Relief

Eurozone governments have brokered a long-awaited debt relief deal for Greece, pushing back repayment deadlines on almost €100bn of bailout loans as the country prepares to exit its era of financial rescue programmes, the Financial Times reported. Fi ...

Daily Headline - global.abi.org - 06/21/2018 - 22:35 - 0 comments

Italian Debt and Equities Slide

The euro fell 0.4 per cent to $1.1507, taking it to the brink of its 2018 nadir of $1.506, which it ... rose as much as 33 basis points to 0.912 per cent while the 10-year was up 16bp to 2.721 per cent as ...

Daily Headline - global.abi.org - 06/21/2018 - 22:36 - 0 comments

Villeroy Warns ECB Cannot Prevent Market Shock from Trade War

Thursday that it planned to end its €2.4tn quantitative easing programme by the end of this year. Rates, ...

Daily Headline - global.abi.org - 06/21/2018 - 22:36 - 0 comments

Germany, France Say EU Should Aim for 5 Percent Ceiling on Banks' Bad Loans

European Union banks should reduce the stock of bad loans to a maximum of 5 percent of the loans they hold, Germany and France said in a joint document, recommending a ceiling that would force Italy and other EU countries to hasten offloading plans, Reut ...

Daily Headline - global.abi.org - 06/20/2018 - 23:09 - 0 comments

Altice Europe to Sell French and Portuguese Tower Businesses for €2.5 Billion

Altice Europe is selling its French and Portuguese tower businesses for a total of €2.5bn in cash, the telecoms and cable group said on Wednesday after market close, the Financial Times reported. The deal marks the latest asset disposal by Patrick Dr ...

Daily Headline - global.abi.org - 06/20/2018 - 23:20 - 0 comments

Portugal’s Bad Loans Declining but Still ‘Very High’

Non-performing loans held by Portuguese banks are declining at a substantial rate as the economy expands but remain “very high” by European standards, Moody’s said on Wednesday. The rating agency said the ratio of NPLs to gross lending fell to 15.2 per c ...

Daily Headline - global.abi.org - 06/20/2018 - 23:25 - 0 comments

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