Hertz to buy 65,000 Polestar electric vehicles
Hertz announced it will buy up to 65,000 electric vehicles (EVs) over five years from Polestar, the Swedish all-electric car maker controlled by Volvo Car AB and its owner Zhejiang…
Hertz announced it will buy up to 65,000 electric vehicles (EVs) over five years from Polestar, the Swedish all-electric car maker controlled by Volvo Car AB and its owner Zhejiang…
Global merger and acquisition (M&A) activity in 2022 has recorded a strong start with the number of completed deals valued over $100 million in the…
Bank of Ireland Group announced that its chief strategy officer Mark Spain has been appointed group chief financial officer and executive director from March 31. Spain…
European brewing giants Heineken and Carlsberg said on Monday they will quit Russia as they join the exodus of Western companies leaving Russia following its invasion of…
The European Central Bank announced it has established or extended liquidity lines with central banks in Poland and four other countries to support them in…
Insurance giant American International Group, Inc. (AIG) and BlackRock, the world’s largest asset manager, have announced significant partnerships in which up to $150 billion of…
Deutsche Bank has nominated Yngve Slyngstad, the former CEO of Norway’s sovereign wealth fund, to its supervisory board. Slyngstad was CEO of Norges Bank Investment…
China has suffered large and “unprecedented” outflows of capital since Russia invaded Ukraine, according to the Institute of International Finance (IIF). “Something very unusual is happening…
The European Central Bank (ECB) announced on Thursday it will end most of the relaxed bank funding rules it introduced in response to the coronavirus…
The Central Bank of Ireland said it has fined BNY Mellon Fund Services (Ireland) DAC €10.8 million and reprimanded the firm for 16 regulatory breaches between…
The European Fund and Asset Management Association (EFAMA) has published its International Quarterly Statistical Release on the worldwide investment fund industry, showing that net sales of…
Credit Suisse has shaken up its board with moves that include the departure of vice chair and lead independent director Severin Schwan as the Swiss bank…
Intel has announced the first phase of its plans to invest as much as €80 billion over the next decade into the semiconductor value chain…
The European Commission said it has approved the disbursement of more than €2 billion under the Brexit Adjustment Reserve to a group of 12 member…
The European Central Bank (ECB) has accelerated the reduction in its bond-buying monetary stimulus as inflation rises amid the war in Ukraine. The ECB said…
Ireland’s gross domestic product (GDP) grew 13.5% to €428.3 billion in 2021, driven by a strong upturn in its multinational dominated sectors, according to national…
Financial market index providers MSCI and FTSE Russell are to drop Russian equities from their widely-tracked indexes — and the London Stock Exchange is suspending…
Global company dividends rose 16.8% on a headline basis to a record $1.47 trillion in 2021, with mainland European dividends rebounding 36.1% to $229.3 billion, according…
Norway’s $1.3 trillion sovereign wealth fund, the largest such fund in the world, announced it will divest its Russian assets following Russia’s invasion of Ukraine….
The European Fund and Asset Management Association (EFAMA) has announced that 2021 was an “absolute record year” for equity funds, with net sales surging to €399…
The European Central Bank’s (ECB’s) audited financial statements for 2021 show that profit for the year plummeted to €192 million from €1.643 billion in 2020…
The European Commission announced it has concluded that Hungary’s decision to veto the acquisition of the Hungarian subsidiaries of the Aegon Group by Vienna Insurance…
Eurozone economic activity rose at the fastest pace in five months in February as Covid-19 containment measures were relaxed. Business activity rebounded most sharply in…
The European Union has filed a legal challenge against China at the World Trade Organization (WTO) arguing that Chinese courts are preventing European companies from…
Blackstone announced that existing investors in Mileway, its pan-European last mile logistics company, have agreed to recapitalize the company for €21 billion “and to hold…
The European Commission has proposed a comprehensive set of measures to ensure the EU’s security of “supply, resilience and technological leadership in semiconductor technologies and…
Ireland’s tax receipts totaled €6.7 billion in January, up 24% on an annual basis and 13% higher than the pre-pandemic position in January 2020. January…
Macquarie Asset Management, on behalf of one of its managed funds, is to acquire a significant minority stake in Dutch sustainability-focused real estate developer EDGE…
Danish railway company Danske Statsbaner (DSB) has finalised a 25-year lending agreement with the European Investment Bank (EIB) worth €500 million for the acquisition of new…
Luxembourg-based CVC Capital Partners, Europe’s biggest private equity firm, announced that co-founder and co-chair Steve Koltes will step down from an active role on October…
Deutsche Bank AG announced it will return €700 million to shareholders through dividends and stock buybacks as it resumes capital distributions after a long break….
Investment in European real estate reached an all-time high in 2021, according to the latest data from international real estate advisor CBRE. The data shows…
The European Commission has executed its first green bond auction by raising €2.5 billion in NextGenerationEU green bonds. The auction is part of the €50…
Ireland’s non-bank financial intermediaries (NBFI) sector — often called “shadow banking” — grew to €3.45 trillion by the end of 2020, making it the fifth…
Company stock dividends in Europe will rise about 8% to a record high of €410 billion in 2022, according to new research by Allianz Global Investors….
A new report into Ireland’s international banking sector shows that Brexit has been a big driver of change with the Irish balance sheets of ECB-supervised…
Estonia-based EstateGuru, the pan-European property investing and financing platform, announced it has now has funded €500 million in loans. EstateGuru said it financed loans of…
Credit Suisse Group said its chairman Antonio Horta-Osorio has resigned “following an investigation commissioned by the board” amid questions about his alleged quarantine breaches. Horta-Osorio had…
Ireland’s National Treasury Management Agency (NTMA) announced it raised €3.5 billion through the syndicated sale of a new 10-year benchmark Treasury Bond maturing in October…
Helsinki-based Nordea Bank Abp — the Nordic region’s biggest bank — announced late on Thursday it plans to hire former Royal Bank of Scotland CEO…