{
Euro

Currency

}
major banks predict european central bank rate cut in october
Major brokerages, including Goldman Sachs and JPMorgan, anticipate a quarter-point rate cut from the European Central Bank at its Oct. 17 meeting, driven by recent economic data indicating weakness and slowing inflation. Market expectations now reflect a 90% chance of this cut, following reductions in June and September. Euro zone inflation fell below 2% for the first time since mid-2021, while business activity contracted sharply in September, prompting policymakers to prioritize growth over price pressures.
Reuters
Euro JPMorgan Chase & Co. RBC Canadian Bond Index ETF HSBC Holdings plc Barclays PLC BNP Paribas SA Amanda Cooper JPMorgan Alun John Goldman Sachs Show more
TradFi, Market Report
09:00 27.09.2024
Meta fined 102 million dollars for GDPR violations over password storage
The Irish Data Protection Commission has fined Meta Ireland €91 million (approximately $102 million) for multiple GDPR violations due to the improper storage of user passwords in plaintext. In 2019, Meta disclosed that millions of passwords were stored unencrypted, prompting regulatory action. The fine addresses breaches of Articles 5, 32, and 33 of the GDPR.
Compliance Week
Euro Meta Platforms Ireland Limited IRL
Regulatory & Legal, Press Release
02:00 27.09.2024
Swiss National Bank cuts interest rates amid strong franc and low inflation
The Swiss National Bank has implemented its third consecutive interest rate cut, driven by the strong appreciation of the Swiss franc and a notable decline in inflationary pressure. With inflation forecasts for 2025 revised down to a concerning 0.5 percent, the cut aims to alleviate pressure on the Swiss export industry and widen the interest rate differential with the eurozone and the US.
cash.ch
Euro Swiss Franc United States Dollar Swiss National Bank CHE
TradFi, Market Report
09:00 26.09.2024
banking turmoil as banque havilland seeks buyers after license withdrawal
The ECB's banking supervisory authority revoked Banque Havilland's license in Luxembourg, prompting the search for buyers for its subsidiaries in Monaco and Vaduz/Zurich. Andbank backed out of acquiring the Monaco unit after due diligence, while a consortium of private individuals, including industry heavyweight Martin Gilbert, is set to take over, pending regulatory approval. In Vaduz, EFG International appears to be the frontrunner for an asset deal following the self-liquidation of the Liechtenstein subsidiary.
finews.ch
Euro Aberdeen AIR Ltd. Revolut Ltd. Sigma VP Bank AG Andbank 24K Gold Sicav FUND EFG International AG Glencore plc MCO LUX LIE CHE AND Martin Gilbert Harley Rowland Show more
TradFi, Market Report
09:00 26.09.2024
banking turmoil as banque havilland seeks buyers after license revocation
The ECB revoked Banque Havilland's banking license in Luxembourg, prompting the search for buyers for its subsidiaries. Andbank has withdrawn its interest in the Monaco branch, while a consortium of private individuals, including Martin Gilbert, is set to acquire it, pending regulatory approval. Meanwhile, the Liechtenstein subsidiary faces liquidation, with EFG International emerging as a potential buyer.
finews.com
British Pound Sterling Euro Swiss Franc United States Dollar Revolut Ltd. VP Bank AG EFG International AG Glencore plc Aberdeen Standard Investments Ltd. LIE LUX MCO CHE Martin Gilbert Harley Rowland Show more
TradFi, Market Report
09:00 26.09.2024
swiss national bank cuts interest rates amid declining inflation pressures
The Swiss National Bank (SNB) has lowered its key interest rate to 1%, marking the third consecutive cut of 25 basis points. The SNB's unusually clear guidance indicates that further cuts may be necessary due to significant disinflationary trends and a strong Swiss franc, which has contributed to lower inflation rates. Another reduction is anticipated in December, followed by another in March.
Moneycab
Euro Swiss Franc United States Dollar Swiss National Bank VP Bank AG CHE Martin Schlegel Thomas Jordan
TradFi, Market Report
09:00 26.09.2024
franc expected to weaken against euro amid dollar fluctuations
The Swiss franc is expected to remain slightly above the 0.95 mark against the euro in the coming weeks, influenced by recent trends in the dollar-franc and euro-franc exchange rates. The dollar's recent weakness, due to Fed interest rate cuts, has strengthened the franc against the euro, but a potential dollar rebound may lead to the franc losing some ground against the euro.
cash.ch
Euro Swiss Franc United States Dollar SNB & ANB GmbH CHE Martin Schlegel
TradFi, Market Report
09:00 26.09.2024
Idorsia faces financial struggles despite drug development progress and approvals
Idorsia AG faces significant financial challenges despite advancements in drug development, with its share price plummeting over 56% to EUR 1.446 in the past year. The company recently secured US approval for the antihypertensive drug aprocitentan, which could generate essential revenue. However, the financial outlook remains precarious as CEO Jean-Paul Clozel has yet to announce concrete plans for securing fresh capital.
aktiencheck.de
Euro Idorsia AG CHE Jean-Paul Clozel
Healthcare, Market Report
09:00 25.09.2024
Langen faces budget deficit despite strong trade tax revenue growth
Langen has experienced a positive trend in trade tax revenues, achieving a budget surplus of 1.8 million euros in 2023. However, rising expenditures, particularly in childcare, are leading to a projected deficit of 12.8 million euros for 2025, exacerbated by new legal obligations and a declining population. To address the budget gap, discussions are underway regarding a sustainability statute that would adjust property tax rates based on financial performance.
OF-News.de
Euro Apple Inc. DEU Jan Werner
Finance & Economy, News Article
09:00 25.09.2024
global energy transition faces challenges as investment disparities widen
Mission 2025 urges governments to adopt investment-positive policies to mobilize $1 trillion annually for clean energy, highlighting successful strategies from industrialized nations. Despite record renewable capacity growth, the UN warns of a two-speed transition, with developing countries facing high capital costs and debt crises, risking global climate goals. The IEA emphasizes the need for stable policies and international support to ensure equitable investment in clean energy across all economies.
Climate Home News
Euro United States Dollar International Renewable Energy Agency IO Energy Transitions Commission International Energy Agency IND USA CHN Francesco La Camera Fatih Birol Simon Stiell Show more
Finance & Economy, News Article
18:38 24.09.2024
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