Latest Finance News | Today’s Top Headlines
Norway’s competition authority said on Wednesday it had launched an inquiry into the country’s banking market to assess competition between banks, in a first step towards a possible formal market investigation.
Austria’s Addiko Bank came out in support of Raiffeisen Bank International’s takeover bid on Wednesday, despite a higher offer from rival suitor Nova Ljubljanska banka , citing a more certain payout.
The Iran war and lingering trade tensions could dent euro zone economic growth, push up borrowing costs and challenge some member states’ ability to sustain public budgets, a European Central Bank report concluded on Wednesday.
European shares will struggle to post further gains for the rest of this year, a Reuters poll found, weighed down by the economic hit from the Iran war and a relative lack of popular AI-related stocks.
ANALYSIS
A looming slowdown in mortgage lending, higher provisions for souring loans and rising interest rates are darkening the outlook for Australian banks, pushing investors away from their once-favoured stocks.
Pension fund AustralianSuper on Wednesday said if Glencore decides to list shares on the Australian Securities Exchange, it would be “positive” for both the bourse and the Swiss-based commodities trader and miner.
BlackRock would back consolidation among large miners because it would open the sector to generalist investors at a scale that would make it easier to bring on large and complex projects needed for new supply, a portfolio manager said on Wednesday.
Financial institutions and investors have urged the European Union to maintain its opposition to new Arctic oil and gas drilling, as the bloc weighs revising its stance to prioritise energy security.
Comments are closed.