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ECB’s Centeno says no yield spread goal in anti-fragmentation tool
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Ukraine loses key town as Russia claims it surrounds troops
Date: June 24, 2022
KYIV (Reuters) -Ukraine said Russian forces had “fully occupied” a town south of the strategically important city of Lysychansk in the eastern Luhansk region as of Friday, and Moscow claimed it had encircled about 2,000 Ukrainian troops in the area. The loss of Hirske and several other settlements around it leaves Lysychansk, the last major...
Less meat on the menu for Germany’s green summit
Date: June 24, 2022
By Thomas Escritt BERLIN (Reuters) – The leaders gathering for a G7 summit in southern Germany this weekend would normally have every reason to expect sumptuous Bavarian specialities like Schweinshaxe, a succulent pork knuckle dripping with fat, and a host of other meaty dishes. But not this time. Sustainability is the watchword this year not...
EU plans another 50 billion euros of issuance for recovery fund in 2022
Date: June 24, 2022
(Reuters) – The European Union said on Friday it would issue another 50 billion euros ($52.7 billion) of long-term debt in the second half of 2022 to back its coronavirus recovery fund. That will be complemented by short-term bills issuance and add to the 50 billion euros it is targetting for the first half of...
Denmark agrees corporate carbon tax – government
Date: June 24, 2022
COPENHAGEN (Reuters) – Danish lawmakers on Friday agreed a new corporate carbon tax, the highest in Europe, which will target companies both in and outside the EU’s carbon quota system, the government said. A high carbon tax is seen as crucial to help reach Denmark’s ambitious 2030 target to cut greenhouse gas emissions by 70%...
UK publishes review of anti-money laundering regime
Date: June 24, 2022
LONDON (Reuters) – Britain’s finance ministry published on Friday a review of the country’s anti-money laundering rules and its system for countering the financing of terrorism, part of a broader push by the government to crack down on economic crime. “This review has made clear that some of our most powerful levers for change are...
Germany looking at repurposing unused Nord Stream 2 pipeline for LNG use -report
Date: June 24, 2022
BERLIN (Reuters) – The German government is considering converting parts of the Nord Stream 2 gas pipeline into a connection for a liquefied natural gas terminal on the Baltic Sea coast. Magazine Der Spiegel reported on Friday that the German economy ministry is considering expropriating the part of the pipeline system located on German territory...