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09 Jun Big banks say pandemic will not be stay of execution for Libor, study says

Posted at 16:08h in News by KMFSLLP 0 Comments

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Big banks are on track to ditch the Libor interest rate by the end of 2021 despite the coronavirus pandemic, though their European and U.S. clients are dragging their feet, a study showed on Wednesday.

09 Jun UPDATE 2-Lebanese pound slides further despite new pricing system

Posted at 16:07h in News by KMFSLLP 0 Comments

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Lebanon's battered currency has slid to fresh lows against the U.S. dollar despite a new pricing system which Beirut hopes can curb soaring food prices as it negotiates an IMF deal to climb out of crisis.

09 Jun Macquarie, F2i jostling over Benetton-backed Autostrade – sources

Posted at 15:57h in News by KMFSLLP 0 Comments

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Infrastructure funds F2i and Macquarie are jostling for position over an investment in Italy's Autostrade as pressure mounts on Benetton-backed Atlantia to loosen its grip on the motorway group to end a standoff over its concession, two sources said.

09 Jun Bulgarian state to take stake in First Investment Bank

Posted at 15:53h in News by KMFSLLP 0 Comments

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Bulgaria has acquired rights to subscribe to new shares the Balkan country's fifth largest lender, First Investment Bank, is issuing to help it cover a capital shortfall found by ECB stress tests last year, the economy minister said on Wednesday.

09 Jun Lebanese government appoints central bank vice governors – local media

Posted at 15:52h in News by KMFSLLP 0 Comments

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Lebanon's government appointed four central bank vice governors on Wednesday, local broadcasters said, after the posts were left vacant for over a year as the country slid into financial crisis.

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09 Jun UPDATE 2-Britain asks too much of EU in Brexit talks, Barnier says

Posted at 15:42h in News by KMFSLLP 0 Comments

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Britain is seeking a trading relationship with the European Union that is too close to that of an EU member, the EU's Brexit negotiator Michel Barnier said on Wednesday, urging London to adjust its demands in the four months left to reach a deal.

09 Jun Mnuchin says will consider more direct payments in next U.S. coronavirus aid bill

Posted at 15:40h in News by KMFSLLP 0 Comments

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U.S. Treasury Secretary Steven Mnuchin said on Wednesday that he "definitely" believes another coronavirus aid bill is needed to assist U.S. recovery and will look seriously at including more direct payments to individuals and other measures to put people back to work.

09 Jun African Development Bank VP resigns, says unrelated to whistleblower probe

Posted at 15:32h in News by KMFSLLP 0 Comments

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The African Development Bank's vice president for agriculture, human and social development, Jennifer Blanke, will step down from her post next month, the bank said on Wednesday.

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09 Jun Cboe Futures Exchange plans launch of mini VIX futures

Posted at 15:25h in News by KMFSLLP 0 Comments

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The Cboe Futures Exchange submitted a regulatory filing on Tuesday to launch mini futures on the Cboe Volatility Index as it looks to expand its array of products that allow investors to guard against equity market gyrations.

09 Jun Euro break-up bet sours again on Swiss franc speculators

Posted at 15:04h in News by KMFSLLP 0 Comments

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Bets that pushed the Swiss franc to a five-year high as the coronavirus crisis revived euro break-up fears have gone spectacularly sour, the latest in a line of franc moves to leave traders with bloody noses.

News

09 Jun Big banks say pandemic will not be stay of execution for Libor, study says

09 Jun UPDATE 2-Lebanese pound slides further despite new pricing system

09 Jun Macquarie, F2i jostling over Benetton-backed Autostrade – sources

09 Jun Bulgarian state to take stake in First Investment Bank

09 Jun Lebanese government appoints central bank vice governors – local media

09 Jun UPDATE 2-Britain asks too much of EU in Brexit talks, Barnier says

09 Jun Mnuchin says will consider more direct payments in next U.S. coronavirus aid bill

09 Jun African Development Bank VP resigns, says unrelated to whistleblower probe

09 Jun Cboe Futures Exchange plans launch of mini VIX futures

09 Jun Euro break-up bet sours again on Swiss franc speculators

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