The entire German yield curve was in negative territory on 2 August, with the 30-year yield moving below zero for the first time in its history, in mid-afternoon.
The US Federal Reserve cut interest rates by 25bps to a range of 2% to 2.25% for the first time since 2008, hinting that more cuts could take place around September this year. Asset managers assess that while this rate cut met expectations, the Fed’s decision focusses on tackling the US inflation, bringing it closer to its 2% target.
After Vigeo Eiris, Moody's is expanding in ESG with the acquisition of the California agency specialising in climate risks.
The combined business would be "the largest listed global financial markets infrastructure provider by revenue".
The European Investment Bank has signed its first credit line to Italian mid-cap companies through a loan agreement with Cassa Depositi e Prestiti (CDP).
The government cites national security in launching an in-depth investigation into the takeover of the satellite operator by a consortium of funds.
Boris Johnson’s election as UK’s next Conservative prime minister has heightened the possibility of a no-deal Brexit, raising concerns about the future of UK govies.
Trading has begun on STAR board, a market dedicated to tech stocks, on which 25 companies are listed.
Six, a Swiss-based financial data expert, is launching a service, covering over 30,000 financial instruments (securities) linked to Marijuana Related Businesses (MRB), to grapple through the complex legal landscape.
Just a week after the IPO of its Asia-Pacific subsidiary was scrapped, Brewer Anheuser-Busch InBev announced the sale of its Australian subsidiary Carlton & United Breweries (CUB) to Japanese entity Asahi Group Holdings for $11.3bn (AUD 16bn).