Wall Street ends mostly flat after records, logs third winning week
U.S. markets closed mostly flat Friday, capping a third winning week out of four....
The European Commission has raised €9 billion of EU-Bonds in its 3rd syndicated transaction for 2025.
The single-tranche transaction concerned a new €9 billion EU-Bond maturing on 12 December 2035. The 10-year bond was priced 99.674% with a re-offer yield of 3.413%. Bids received were in excess of €95 billion and this equals oversubscription rate of approximately 10-times.
The proceeds of the transaction will be used to finance EU policy programmes most notably in the context of NextGenerationEU and support to Ukraine.
The Commission has now issued approximately €40.17 billion of its €90 billion bond issuance target for the first half of 2025.
The next transaction in the EU's indicative issuance calendar is an EU-Bill auction on 19 March 2025.
The Commission's funding plan for H1 2025 continues the 2024 issuance programme, during which the EU raised €138 billion in long-term funds.
These wide-ranging borrowing operations will strengthen the EU Bond market while guaranteeing continuous support to policies funded through EU-Bond issuances. Besides long-term funding operations, the Commission will continue issuing short-term EU-Bills to complement its financial operations, the European Commission stated.
2024 marked the highest annual issuance volume ever executed by the EU, in line with the announced planning. Additionally, in 2024, the EU became the fifth largest issuer of green bonds globally with over €68 billion outstanding in NextGenerationEU (NGEU) Green Bonds, and is now on track to become the largest global green bond issuer.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Two Harry Potter actresses, Emma Watson and Zoe Wanamaker, have each received a six-month driving ban after separate speeding offences, both sentenced on the same day at a Buckinghamshire court.
U.S. markets closed mostly flat Friday, capping a third winning week out of four.
U.S. President Donald Trump signed the GENIUS Act into law on Friday, creating the first U.S. regulatory framework for dollar-backed stablecoins and marking a major win for the crypto industry.
Oil prices edged higher on Friday, heading for a small weekly loss, as investors weighed new European Union sanctions against Russia.
As some top global banks scale back climate efforts, India is moving forward with mandatory rules for lenders to report and manage climate-related financial risks.
The Indian rupee is expected to open stronger on Friday, supported by gains in other Asian currencies and a temporary pause in the U.S. dollar index’s upward trend.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment