SoftBank Raises $11.1 Billion in Record High-Yield Bond Sale

By admin September 24, 2026 No comment

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SoftBank Group has raised $11.1 billion through dollar- and euro-denominated bonds, marking the largest high-yield corporate bond sale globally. The fundraising comes as the Japanese investment group seeks to finance its major investments in OpenAI and other artificial intelligence ventures, adding to a broader increase in corporate borrowing linked to AI. The company

Commerzbank to Cut 3,000 Jobs as It Resists UniCredit Takeover Push

By admin May 8, 2026 No comment

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Commerzbank announced plans to cut 3,000 jobs and raise its long-term profit targets as it fights to remain independent amid a takeover attempt by Italy’s UniCredit. The German bank said the restructuring would strengthen revenue and profitability by 2028, while criticizing UniCredit’s €37 billion takeover proposal as unclear and risky. Commerzbank also expects around €450

Italy Misses 2025 Deficit Target, Pressure on PM Meloni

By admin March 2, 2026 No comment

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Italy’s 2025 budget deficit came in at 3.1% of GDP, slightly above the European Union’s 3% ceiling, according to ISTAT. While lower than 2024’s 3.4%, the miss casts doubt on Rome’s plan to exit the EU’s Excessive Deficit Procedure early, which could have eased spending constraints ahead of the 2027 elections. The eurozone’s third-largest economy […]

G7 leaders to discuss €30bn loan for Ukraine using Russian assets

By admin May 20, 2024 No comment

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The G7 finance ministers are set to discuss whether Ukraine can receive an additional €30 billion loan from seized Russian assets totaling €270 billion. This proposal has sparked division within the G7, particularly between the US and Germany. While some advocate for full asset seizure, others, including Christine Lagarde, ECB president, raise legal and economic […]

Croatia was put by a financial crimes monitor on the “grey list”

By admin June 24, 2023 No comment

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Croatia is now the only nation from the European Union on the list, which also includes Mali, the United Arab Emirates, and Panama. The EU member state of Croatia has been added to the Financial Action Task Force’s (FATF) so-called “grey list” of nations that are subject to “increased monitoring,” according to the organization. The […]