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Date
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March 10, 2022
News

ECB creates 'optionalities' to deal with uncertainty

The European Central Bank on Thursday opened the doors to a potential eurozone rate hike in the second half of this year as it brought forward the end of its asset purchasing programme to the summer, but at the same time it made clear that it would keep …
March 10, 2022
News

Luxembourg’s space strategy faces reset

Luxembourg’s space sector is about to undergo a top level strategic review, with a reassessment to be made of the ambitious approach taken in recent years. This takes place against the background of the country’s satellite giant SES SA also reorienting …
March 10, 2022
Asset Managers

BlueOrchard CEO: impact investing brings resilience

Impact investing looks to put investment money to work on bringing about measurable change in the poorer societies of the emerging and frontier markets as well as improving the environment. With the successive shocks of Covid and now the Russian invasion …
March 10, 2022
Asset Allocation

Why oil prices will rise further 

Expectations are growing that oil prices will rise further. The most recent rise was prompted by suggestions that the West would boycott Russian oil and gas, a boycott that materialised with US and UK decisions on Wednesday.  Prior to the invasion of …
March 10, 2022
Investing

BlackRock: global fund inflows picked up in February

Despite volatility sparked by Russia’s invasion of Ukraine at the end of the month, global inflows into equity funds and exchange traded products increased in February to 99.6 billion dollars from 74.4 billion in January, BlackRock said on Thursday in a …
March 9, 2022

Big Four consultancy firms sever ties with Russia

The four leading international consultancy firms, known as the Big Four, have joined a growing list of companies that this week decided to cut their ties with operations in Russia because of the invasion of Ukraine. PWC, KPMG, Deloitte and Ernst & Young …
March 9, 2022
Asset Managers,News,Asset Servicing

CSSF orders funds to report large redemptions

For a second time in two years, managers of investment funds in Luxembourg have been ordered to report significant redemptions as the Grand Duchy’s financial supervisor stepped up its monitoring of the impact from the war in Ukraine and the international …
March 9, 2022
Asset Allocation

Gold takes up its role as safe-haven

Gold is playing its traditional role in the flight to safety and rose above 2000 dollars per troy ounce this week. There was disappointment last year when the gold price reacted poorly to sharply rising inflation, but Ukraine has pushed up the price. Gold …
March 8, 2022
Asset Managers,Private Banks,Institutional,Wealth Managers,Asset Servicing

​​​​​​​EU’s costly financial safety net inspires confidence

Bankers and financial services professionals often baulk at the tens of billions of euros the industry pays for tighter financial supervision, compliance and the EU’s comprehensive new framework for financial stability. Now that markets are in turmoil …
March 7, 2022
Asset Servicing

China’s Starlight picks Apex for fund services

Starlight Capital, a China-based venture capital group founded in 2021, has picked Apex Group to provide it with fund administration and corporate services, the companies announced on Monday. Apex, active in the Luxembourg fund services ecosystem also …