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EU wants to ease securitisation rules to boost lending to economy

By Jan Strupczewski BRUSSELS (Reuters) -The European Commission proposed on Tuesday to loosen the EU’s overly strict securitisation rules for banks, in a bid to boost the underdeveloped securitisation market and free up capital for lending while still safeguarding financial stability. It is the first Commission proposal under a new push by the EU executive …

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Rolls-Royce says ‘even more true’ it wants to enter narrow-body market

By Paul Sandle PARIS (Reuters) -Rolls-Royce CEO Tufan Erginbilgic said on Tuesday it was “even more true” that the British jet engine maker would like to re-enter the narrow-body airplane market, preferably through a partnership. He said he had previously described the single-aisle market as an opportunity and that was “even more true” now. “We …

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Ukraine eyes GDP-linked debt talks after imminent IMF review

LONDON (Reuters) -A soon-to-be-released review by the International Monetary Fund of Ukraine’s debt sustainability is the next logical opportunity to restart broken-down talks over restructuring its GDP-linked warrants, said the country’s debt chief Yuriy Butsa. Butsa told the Financial Times’ Global Borrowers & Bond Investors Forum in London on Tuesday that the next IMF review …

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Italy’s Leonardo buys a European cybersecurity company

By Giulia Segreti PARIS (Reuters) -Italy’s Leonardo will soon announce the acquisition of a European cybersecurity company, its chairman told Reuters on Tuesday, as the aerospace and defence group consolidates a business seen as increasingly important in new combat systems. “Cybersecurity is an essential component in so-called multi-domain warfare, where everything is connected with everything. …

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UniCredit CEO says to gradually exit Generali investment

By Valentina Za MILAN (Reuters) -UniCredit Chief Executive Andrea Orcel vowed on Tuesday to gradually reduce the stake his bank has built in the country’s top insurer Generali, ruling out large insurance deals for the group. UniCredit has built a 6.7% stake in Generali, calling it a financial investment. However, with a consolidation wave sweeping …

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Germany’s MTU lifts full-year outlook, gives long-term forecast

(Reuters) -German engine manufacturer MTU Aero Engines said on Tuesday it expects revenues of between 8.6 billion and 8.8 billion euros ($10.18 billion) in 2025, citing high industry demand and a strong product mix for a raised outlook. In April, it forecast full-year adjusted revenue in a range of 8.3 billion euros and 8.5 billion …

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Hungary approves Orban’s 2026 budget with tax cuts despite fiscal risks

By Gergely Szakacs BUDAPEST (Reuters) -Hungary’s parliament passed Prime Minister Viktor Orban’s 2026 election year budget on Tuesday, including steep tax cuts for families, a key demographic for Orban’s right-wing Fidesz party, shrugging off concerns over continued weak economic prospects. Hungary’s economic output was unchanged in the first quarter from a year earlier, while inflation …

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Savings are matter of national security, Italy tells EU on UniCredit-BPM bid

By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy has responded to the European Commission’s queries on the conditions it has imposed on UniCredit’s bid for Banco BPM by saying domestic savings are a matter of national security, sources familiar with the matter said. Brussels had asked Rome for details about the terms that Giorgia …

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Sterling slips versus dollar as inflation print, BoE meeting eyed

LONDON (Reuters) -Sterling was lower against the dollar on Tuesday as market focus stayed on developments in the Middle East, while traders await a closely-watched UK inflation print due on Wednesday and a Bank of England (BoE) interest rate decision due on Thursday. The pound was a fraction lower on the dollar at $1.3527 and …

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