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Top StoriesGermany’s 10-year Yield Drops Below 1% as Growth Fears in Focus
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Top StoriesCovestro Sees China Lockdown Blow in Q2, Higher Energy Costs
Top StoriesTelecom Italia Seeks 3 Billion Euro Credit Line With State Guarantee – Sources
Russia’s Rosselkhozbank Says Sanctions Impeding Efforts to Honour Debt Obligations
Date: April 20, 2022
(Reuters) – State-owned Russian lender Rosselkhozbank said on Wednesday that British sanctions had prevented it from making a $21.25 million interest payment on Eurobonds maturing in 2023, the latest Russian company to flag debt servicing issues. Unprecedented Western sanctions on Moscow for what it calls “a special military operation” in Ukraine have crippled Russia’s financial...
Russia, China Woes Risk Worst Em Corporate Default Wave Since Financial Crash – JPMorgan
Date: April 4, 2022
By Marc Jones LONDON (Reuters) – JPMorgan has warned that the combination of Russia’s war in Ukraine and China’s ongoing property crash could see the worst wave of corporate defaults since the global financial crisis. A new report from the bank’s analysts on Monday estimated the EM-wide default rate would now reach 8.5%, more than...
German Bonds Rally as Investors Seek Safe Haven After Ukraine Invasion
Date: February 24, 2022
By Yoruk Bahceli (Reuters) -Euro zone bonds rallied on Thursday as investors rushed into safe assets after Russia’s all-out invasion of Ukraine sent European stock markets into a downward spiral. Germany’s 10-year yield, the benchmark for the euro area, fell as much as 10 basis points (bps) to its lowest level since the European Central...
After ECB Shock, European Firms Confront Higher Borrowing Costs
Date: February 22, 2022
By Yoruk Bahceli (Reuters) -European companies hoping to fund M&A and capital expenditures on bond markets this year are facing a sudden jump in borrowing costs and wary buyers after the ECB’s shock pivot towards tighter monetary policy. Bond issues are a key source of funding for companies and have grown in importance relative to...
Air France-KLM Ready to Move Swiftly With Capital Increase, Les Echos Reports
Date: February 21, 2022
PARIS (Reuters) – Air France-KLM has gained shareholder approval for its proposed capital increase and is ready to move swiftly, French financial newspaper Les Echos reported on Sunday. The airline had announced on Thursday that it plans to raise up to 4 billion euros ($4.6 billion) as it seeks to repay state pandemic handouts, but...
Energy Market Volatility to Shake up European Ppa Market -Report
Date: February 11, 2022
OSLO (Reuters) – The unprecedented energy price volatility seen at the end of 2021 will have a lasting impact on the green energy power purchase agreement (PPA) market, including a decline in long term contracts, Pexapark said in a report published on Thursday. PPAs have become a key part of renewable energy project development, providing...