ECB’s Kazaks backs market bets on cuts if data holds

 The European Central Bank can continue to lower interest rates broadly how the market expects if inflation keeps easing as envisaged, ECB policymaker Martins Kazaks told Reuters on Friday. The ECB lowered its policy rate from a euro-era high last week but held back from any promise to follow up its move, which came with caveats about wages and […]

With acquisition, Canada’s National Bank expands west and analysts applaud growth potential

Canadian lender National Bank’s (NA.TO), opens new tab expansion from east to west, rather than following Canada’s big banks south of the border, could help secure growth, analysts and investors said. The Quebec-based bank’s C$5 billion ($3.65 billion) deal to buy Alberta’s Canadian Western Bank (CWB.TO), opens new tab, announced on Tuesday, surprised Canada’s highly concentrated sector where […]

Some Nordic retail brokers allow clients to vote at Tesla AGM

 Some Nordic retail brokerages are allowing clients to vote at Tesla’s (TSLA.O), opens new tab annual general meeting (AGM) this week, departing from their regular practice, after significant interest from investors and online comments from CEO Elon Musk. The June 13 AGM is shaping up as a referendum on Musk’s leadership, after a judge invalidated the CEO’s $56 billion pay package […]

Rate cuts will support recovery, ECB’s Rehn says

Inflation will continue to decline and interest rate cuts will support economic recovery, Finnish ECB policymaker Olli Rehn said in a blog post on Friday. The possible scale of interest rate cuts in the next few years could be in the range of 1 to 2 percentage points, given there won’t be any new shocks […]