Debt: a group of bondholders presented the Government with a new counterproposal

A group of bondholders that is part of the Argentine Creditors Committee (ACC) presented a new counteroffer to the Government on Wednesday. They are the Gramercy, Greylock Capital, Fintech and Oaktree funds, which make up ACC and They are getting closer to agreeing an agreement with the Minister of Economy, Martín Guzmán, since their differences […]

Optimism in a new week of negotiations (speed up the default clock)

The second week of the fourth, and final, stage of negotiation with the bondholders will begin today with some optimism from the parties in dispute: the communication between the Government and the three groups representing creditors with debt issued under international law, is again tuned in and in full exchange of proposals. It is a […]

Why sustainability becomes even more important in Corona times

Wind farm at the edge of the forest Investors are demanding better carbon footprints from companies, but better social standards and good corporate governance. (Photo: Paul-Langrock.de) Frankfurt Siemens CEO Joe Kaeser was the first to feel the new, sustainable investment policy of the world’s largest investor Blackrock. After Blackrock boss Larry Fink wrote in a […]

Europe rediscovers “Schengen” – morning briefing

Dear readers, imagine you were living in German-French border area, had moved freely in both countries over the years and happily followed the initiatives of a common region. And now all of a sudden you find plastic cuboids as reincarnation of something related to Schengen and the internal market seemed done: borders. So you would […]

US stock markets down – Novavax shares rise 50 percent

New York / Düsseldorf In anticipation of an economic recovery, some investors are feeling their way back into the US stock market, albeit rather discouraged. The leading indices Dow Jones, Nasdaq and S&P 500 gained up to half a percent each at the opening on Tuesday, but are now unchanged from the previous day’s closing. […]

Blackrock loses major shareholder PNC

new York Blackrock loses its largest shareholder. The American regional bank PNC will part with its stake in the world’s largest asset manager in the coming days, the institutes said on Monday. PNC, based in Pittsburgh, Pennsylvania, has had a stake in Blackrock for over 20 years and currently holds approximately 22 percent of the […]

Argentina faces bankruptcy – for the ninth time

Alberto Fernandez “The creditors lose nothing, they only earn less,” said the head of state. (Photo: dpa) Buenos Aires / New York The Argentine government has extended the deadline for accepting its debt rescheduling offer to private creditors by a few days. Until Monday, the owners of government bonds issued under foreign law could still […]

Overseers are demanding stricter rules for clearing houses

The City of London financial center skyline At the London financial center, the clearing house LCH.Clearnet has grown significantly in importance in recent years. (Photo: picture alliance / Daniel Kalker) London, New York International financial regulators believe that the clearing houses that are important for the financial industry should be regulated more strictly. The Financial […]

Vonovia and Deutsche Wohnen: Investors would welcome merger

Frankfurt, Erfurt A clear denial reads differently: “We are repeatedly asked about a possible takeover of Deutsche Wohnen. In general, acquisitions are an integral part of our strategy and are continually being reviewed. ”With these skinny words, Germany’s largest housing group Vonovia responded to a message from the Bloomberg news agency. The current relatively low […]

Lobbyists want to torpedo the Green Deal

The climate package with the goal of climate neutrality by 2050 requires a complete restructuring of the economy, for which investments in the trillions of dollars are necessary. Sectors particularly affected: energy, industry, mobility, food production, housing, consumption and packaging. In the corona crisis, many industry associations are now taking advantage of the moment to […]