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Search resuls for: "Dutch Finance"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDutch finance minister says risk of geopolitical fragmentation is real and increasingDutch Finance Minister Eelco Heinen says we all need to work together to prevent geopolitical fragmentation because it leads to poorer economies.
Persons: Eelco Heinen Organizations: Dutch Finance
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDutch finmin says he's confident 'crown jewel' ASML will remain in NetherlandsDutch Finance Minister Steven van Weyenberg discusses the Netherlands' economy, the outlook for interest rates, and tensions over its "crown jewel": chip company ASML.
Persons: Steven van Weyenberg Organizations: Netherlands Dutch Locations: Netherlands
Dutch pick for EU climate job to face tough hearing
  + stars: | 2023-08-25 | by ( Kate Abnett | ) www.reuters.com   time to read: +3 min
Hoekstra needs to win a positive assessment from the EU Parliament and pass a potentially close vote in the assembly with majority support. If appointed, Hoekstra is expected to assume responsibility for climate change policies in the EU Commission. He belongs to the Dutch Christian-Democratic CDA party, part of the European People's Party group in the EU Parliament. Bas Eickhout, a Green EU lawmaker, said Hoekstra would need to prove his commitment to Europe's climate change agenda. He'll have a tough time convincing the European Parliament that he's the right man for the job," said Paul Tang, a Dutch Socialist member of the EU Parliament.
Persons: Wopke Hoekstra, Hoekstra, Frans Timmermans, Timmermans, Maros Sefcovic, Eickhout, Hoekstra's, Paul Tang, Kate Abnett, Bart Meijer, Giles Elgood Organizations: EU, Parliament, Dutch Christian, Democratic CDA, European People's Party, EPP, EPP Group, Green Deal, European, Socialist, Dutch Finance, Socialists, Thomson Locations: BRUSSELS, Netherlands, Dutch, Europe, EU, The Hague, New EU, Bas, Southern Europe, Spain, Italy
Dutch government sources estimate the deal at 20 billion euros ($22 billion) or more, but German industry sources say it may be less. TenneT had a book value of 7.3 billion euros at the end of 2022, on a balance sheet of 38.5 billion euros. TenneT's German grid alone has liabilities of 21.6 billion euros, nearly three times that of the Dutch network. TenneT's 19 billion euros of outstanding bonds, issued when interest rates were lower, are another issue, the people said. Dutch pension fund PGGM, one of TenneT's bondholders, expects such an outcome in the event of a sale.
Separately, two days of chaos in China's $21 trillion bond market ended on Friday after Beijing allowed money brokers to resume providing data to third-party platforms. Jeffrey Gundlach, CEO of DoubleLine Capital, said he considered selling Treasuries earlier in the week but the market was "wildly illiquid." Bond market volatility spikesKEEPING WATCHThe heightened volatility has caught the eye of officials who play a role in ensuring financial markets stability. Analysts noted that bond volatility was exceptionally high not only because of a flight to safe-haven government debt, but also due to a massive repricing of rate-hike expectations. "If liquidity is deteriorating due to wild swings in safe-haven markets, that has implications for the functioning of financial markets and broader economic stability."
PARIS, Nov 16 (Reuters) - Air France-KLM on Wednesday raised just over 300 million euros ($312 million) by issuing subordinated bonds convertible into stock, seeking to strengthen its capital and pay back state aid but sending its shares plummeting. Air France said in February that it was considering options for raising of up to 4 billion euros of capital, including a rights issue and quasi-equity debt issues. The bonds, which can be exchanged into existing Air France shares as well as converted into new shares, were offered through a placement to qualified investors, the airline said. Major shareholder CMA CGM, a shipping company, participated in the issue pro rata to its 9% equity stake in the company, Air France said in a statement. "The company is not aware of any subscription intention from its other main shareholders," Air France said.
The shares plunged 13% in early trading as the issue dilutes current shareholders in Air France if the bonds are converted into new shares unless they buy into it. Air France said in February that it was considering options for a capital raising of up to 4 billion euros, including a rights issue and quasi equity debt issues. The bonds, which can also be exchanged with existing Air France shares, will be offered through a placement to qualified investors, the airline said. Air France-KLM received 10.4 billion euros in support in 2020 when the coronavirus pandemic hit, including through direct French and Dutch state loans. "The company is not aware of any subscription intention from its other main shareholders," Air France said.
The euro zone is to discuss changing its fiscal rules - a task that could have market repercussions. Bloomberg | Bloomberg | Getty ImagesThe euro zone will soon reveal changes to its fiscal rules — a move that could have significant repercussions for government borrowing costs and the region's bond markets. At the same time, Germany and the Netherlands would blame the European Commission for not enforcing the rules with fines. "Interest burden on large public debt to GDP ratios is set to increase significantly in the years ahead. This means that in a optimal scenario, the fiscal rules will be changed from 2024 onward.
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