Reuters UK Business

(Reuters) -Dutch bank ING targets total income growth of between 4% and 5% per year until 2027, driven by an expected increase in revenues from net interest income and fees, while reduced loan losses should offset higher costs, the group said on Monday. An expected fall in interest rates this year could erode profits across …

ING bank targets 4%-5% growth by 2027 despite higher costs Read More »

LONDON (Reuters) – The European Central Bank is confident that inflation will fall back to its 2% target next year despite some “noisy” inflation along the way, the ECB’s chief economist Philip Lane said on Monday. “There’s a lot, a fair amount of confidence about the destination in the second half of next year,” Lane …

ECB’s Lane confident of hitting inflation goal despite noisy data Read More »

BERLIN (Reuters) – Germany’s Deutsche Bank is buying a 1.67 billion euro ($1.79 billion) aviation loan portfolio from lender NordLB for an undisclosed price, the banks announced on Monday. Germany’s largest lender won a bidding process for the loans, beating out a number of domestic and international parties, NordLB said. Deutsche said the loans are …

Deutsche Bank buys $1.8 billion aviation loan portfolio from NordLB Read More »

By Balazs Koranyi and Frank Siebelt FRANKFURT (Reuters) – European Central Bank policymakers have no plan to discuss emergency purchases of French bonds and still think it is for French politicians to reassure investors spooked by the prospect of a far-right government, five sources told Reuters. French financial markets endured a brutal sell-off late last …

ECB in no rush to discuss French bond rescue – sources Read More »

(Reuters) -Serbian President Aleksandar Vucic is preparing to give Rio Tinto the green light to develop Europe’s largest lithium mine two years after Belgrade called off the project, the Financial Times said on Sunday. Vucic told the newspaper that “new guarantees” from the global mining giant and the European Union looked set to address Serbia’s …

Serbia to give green light for Rio Tinto lithium mine, FT reports Read More »

By Yoruk Bahceli and Dhara Ranasinghe (Reuters) -As the far right and leftist parties gain momentum ahead of France’s surprise parliamentary election, pressuring President Emmanuel Macron’s centrist administration, investors are starting to contemplate the risk of a budget crisis at the heart of the euro area. Marine Le Pen’s far-right National Rally party (RN) is …

French election worries rekindle market memories of UK budget rout Read More »