MILAN (Reuters) - Nexi is interested in working on a digital version of the euro, but there are no formal talks with the European Central Bank (ECB), the Italian payment group’s corporate and external affairs director Saverio Tridico said on Friday. Nexi CEO Paolo Bertoluzzo was quoted by CNBC as...
It is possible that an electronic version of euro notes and coins may one day be widely available for use in Europe. But while the projected completion of that complex project is several years ahead, baby steps are being taken to make it a reality. Starting next month, the investigation...
Sign up to myFT Daily Digest to be the first to know about Sovereign bonds news. Central bankers, spooked by inflationary tremors percolating through markets, are sharpening their tools. Three — in Brazil, South Korea and Norway — have all raised rates. The US Federal Reserve and Bank of England this week signalled similar actions was on the cards.
By David Callaway, Callaway Climate Insights The worsening impacts of climate change have been graphically illustrated on our video screens this year; from wildfires and floods to hurricanes, extreme heat, ice storms and polar vortexes. But for those who measure risk for a living, i.e. bankers, insurers, and investors, wildfires may be the greatest systemic […]
Norwegian central bank raises key interest rate for the first time since the beginning of the pandemic
Norway's central bank chief Oystein Olsen: Assumes that the economy will recover. The major central banks are still hesitating: The European Central Bank (ECB) has already slowed down its bond purchase program, and the Fed's monetary authorities have announced an increase in the key interest rate for 2022. By contrast,...
Nexi, a leading European payments company, is reportedly giving advice to the European Central Bank (ECB) related to the digital euro project. The announcement was made by Nexi’s CEO Paolo Bertoluzzo, who also gave his opinion about the future of central bank digital currencies (CBDC) and cryptocurrencies during the Money 20/20 fintech conference in Amsterdam.
Within the EU, Italy is often the source of headaches: fiscally unreliable, politically unstable, and in perpetual economic stagnation. Yet in the aftermath of a pandemic that has taken a significant economic toll virtually everywhere, forecasters expect the country’s GDP to grow by 4.5 percent in 2021 and by almost the same amount in 2022. Within the G-7, Italy’s expected performance is second only to that of the United Kingdom. Such an optimistic economic forecast would probably not have been possible without the 191 billion euros (between loans and grants) that Italy received to address the COVID-19 crisis—part of the largest stimulus package ever put in place in the eurozone.
Bankinter’s Board of Directors has agreed to distribute on October 1 the first interim dividend charged to the profits of the first half of the year 2021. Specifically, the Bankinter dividend, excluding the capital gain generated by the segregation of Línea Directa, will amount to a gross amount of 0.1332 euros per share (0.1079 euros net).
With central banks from Washington to London this week signaling more alarm over faster inflation, the ultra-stimulative path of the euro zone and some of its neighbors appears lonelier than ever. A collective move to look beyond the pandemic slump and toward the risk rising of accelerating prices emerged with...
The probability of default (PD) for the average eurozone bank’s corporate loan book could be 7.1% higher by mid-century if governments don’t act expeditiously to mitigate climate change, research from the European Central Bank (ECB) found. In a ‘hothouse world’ scenario where no regulatory or policy action is taken to...
Christine Lagarde, president of the European Central Bank, is convinced that the debt crisis in troubled Chinese real estate giant Evergrande is currently having a limited impact on the eurozone economy. This is also the case if the company goes bankrupt, as per its judgment. “Right now, we are seeing...
Sign up for myFT Daily Digest to get to know the German election news first. As her lasting popularity proves, the Germans are grateful to their outgoing Prime Minister Angela Merkel for guiding them through the turbulent economic and geopolitical times. The stability and prosperity she protected with systematic leadership made Germany the envy of the world and the dominant force of Europe. The Germans from the entire political spectrum pay tribute to her impossibly flapping crisis management.
The optimism after the corona pandemic should be used to make progress for Europe's banking union - also for a European deposit insurance. EU Commissioner Mairead McGuinness called for this on Thursday at a conference on banking union organized by the law firm Freshfields Bruckhaus Deringer, the Frankfurt Institute for Law and Finance and the Center for Financial Studies.
Investing.com -- The dollar nudged higher against both developed and emerging markets currencies on Friday, as a fresh wave of caution hit global markets in the wake of real estate group China Evergrande’s failure to pay all holders of its dollar bond on Thursday. By 3:10 AM ET (0710 GMT),...