CategoryGlobal

Insufficient attention for climate risk on stock exchange

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Listed companies have insufficient regard for the climate risks they run. Companies in non-financial sectors in particular are lagging behind in this area, says accounting and consulting firm KPMG after research among companies with an AEX listing.   This includes, for example, the physical risks of extreme weather and its consequences, such as floods, hurricanes and droughts. Companies also...

Deutsche Bank talks about lowering reserves

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Deutsche Bank is talking to regulators about a reduction in its capital reserves to help fund a major restructuring at Germany’s largest bank. Initiates reported this to the Bloomberg news agency with knowledge of the matter. The bank is said to have spoken with the German financial watchdog Bafin and the European Central Bank (ECB) about a reduction in the CET1 capital ratio, an important...

Ore price rises after Australian export decline reported

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The price for raw iron ore is on the rise after reports that Australian exports will be lower this year. This would mean for the first time in around twenty years an annual decline in exports.   According to the Australian government, global shipments of ore will be more than 4 percent lower this year. In addition to the Australian export decline, Brazil will also suffer a contraction. More ore...

Russians want to extend OPEC agreements

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Russia has agreed with Saudi Arabia that it would be good to extend the existing production restrictions for oil extraction by six to nine months. Russian President Vladimir Putin said that at the G20 summit in Japan.   With this, the oil countries are responding to the renewed pressure on oil prices as a result of rising American oil stocks and weakening economic growth in the world. Putin spoke...

Bitcoin pops up towards $14,000 – and retracts back to ~11K

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The price of bitcoin continues to rise sharply. In the course of the evening, this approached the limit of 14,000 dollars (12,500 euros). The current price of around $ 13,700 is 20 percent higher than yesterday. This level was last reached in January 2018. UPD: current price is ~$11400 Among other things, the steps of tech giant Facebook, which comes with its own virtual currency Libra, are...

OPEC: trade tensions affect oil demand

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Global trade tensions affect international oil demand. That is what oil cartel OPEC said in its monthly report. The organization says that as a result, the demand for oil increased considerably less sharply in the first three months of this year than previously thought. The organization now thinks that the demand for oil will increase less sharply throughout 2019 than previously anticipated, and...

Weidmann: trade dispute hits global economy

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The trade dispute between the United States and China has clear effects on world trade. It could shrink by one percent in the medium term, said Jens Weidmann, president of the German Bundesbank, on Sunday. The central bank made its statement after a meeting of the finance ministers and central bank directors of the G20 in Fukuoka, Japan. “The global economy has to deal with many...

IMF wants ECB to continue with support policy

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The International Monetary Fund (IMF) believes that the European Central Bank (ECB) should continue its monetary support policy for the time being. Reuters reports this on the basis of a document from Brussels that the press agency has seen. According to Reuters, this will be presented next week to the finance ministers of the euro area. The value of the euro is now undervalued. According to...

Banks invest in weapon makers

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ING, ABN AMRO and Van Lanschot are still investing in bad weapon suppliers. The organizations behind the Fair Bank Guide state this in a new report. In total, this concerns almost 650 million euros in thirteen companies that supply weapons to countries that violate human rights. The three financial institutions invest in large companies such as Raytheon, Boeing, General Dynamics and others. They...

Risks due to low interest rates and high debt

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The low interest rates and high outstanding debts pose risks to the stability of financial markets. Due to the low interest rates, there are also few incentives to reduce debts, which can lead to problems if market sentiment becomes negative. This is what De Nederlandsche Bank (DNB) writes in its half-yearly Overview of Financial Stability. Global debts have risen sharply since 2005, DNB notes...

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