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BUDAPEST (Reuters) -Hungary has issued foreign currency benchmark bonds worth a total of $3.8 billion, which will help it preserve economic stability, Finance Minister Mihaly Varga said on Thursday. The bond issue comes after Hungary on Tuesday lifted its 2022 foreign currency borrowing target by the equivalent of 2.5 billion euros amid a stand-off with …

Hungary issues FX benchmark bonds worth $3.8 billion, minister says Read More »

FRANKFURT (Reuters) – Asoka Woehrmann, the chief executive of Deutsche Bank’s funds arm DWS, will hand over the reins on Thursday after resigning in the wake of allegations that the company, which manages 928 billion euros ($994 billion) in assets, misled investors about its “green” investments. DWS and Woehrmann have denied the allegations. Below is …

Deutsche Bank’s DWS and allegations of ‘greenwashing’ Read More »

By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Union Investment, a large shareholder in the Deutsche Bank fund arm DWS, said it would vote against DWS’ management and supervisory board at Thursday’s annual general meeting. The voting plans, disclosed by the investor to Reuters in an email, come amid allegations that DWS misled investors …

Investor and activists critical of DWS at AGM amid greenwashing claims Read More »

MILAN (Reuters) – Credit Suisse shares fell on Thursday on growing skepticism about a takeover offer from U.S. financial giant State Street after a media report a day earlier boosted the heavily-shorted stock from a near 20-year low. State Street said overnight it was focused on the pending acquisition of Brown Brothers Harriman’s Investors Services …

Credit Suisse shares slip on skepticism about U.S. takeover offer Read More »

STOCKHOLM (Reuters) – Swedish Central Bank Deputy Governor Anna Breman said on Thursday she will not hesitate to vote for more rate hikes than currently forecast by the Riksbank if inflation rises more than predicted. The Riksbank raised the benchmark rate by a quarter percentage point in April and forecast two or three more hikes …

Swedish c.banker Breman to do “what’s necessary” to reach inflation target Read More »

LONDON (Reuters) – A sharp increase in spending on essential goods helped to drive a rebound in consumer spending on credit and debit cards last week, official data showed on Thursday. Card spending rose to 108% of its pre-pandemic February 2020 average in the week to June 1, up from 102% in the week to …

Spending on essentials drives rebound in UK card spending: ONS Read More »

(Reuters) – The Russian rouble firmed in early trade on Thursday, heading towards 62 against the euro on the Moscow Exchange, while stock indexes inched lower, lacking new momentum and trading ideas. At 0735 GMT, the rouble was 0.2% stronger against the dollar at 59.30 and had gained 0.9% to trade at 62.96 versus the …

Russian rouble firms towards 62 vs euro, stocks down Read More »

LONDON (Reuters) -A British government commissioned review into tobacco controls on Thursday recommended the legal age of sale for tobacco products in England be raised by one year every year until eventually no one can buy such products. The review, ordered by health minister Sajid Javid in February, recommended 15 interventions to help the government …

UK tobacco control review recommends raising age of sale each year Read More »