By Reuters Staff Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr
MILAN, Feb 11 (Reuters) - Euro zone core bond yields inched lower in early Thursday trade as global markets focused on a dovish Federal Reserve outlook after a soft reading on U.S. inflation.
Italian bond yields remained around recent lows before a bond auction as Mario Draghi was expected to present his new government coalition in the next few days.
Italy’s 5-Star Movement, the party with the largest number of lawmakers, will hold an online vote on Thursday on whether to support a government led by Draghi, a former European Central Bank chief. It urged its members to vote yes.
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COPENHAGEN, Feb 11 (Reuters) - Denmark’s ATP, one of the first pension funds globally to buy green bonds, has made its first investments in so-called social bonds as part of its sustainable portfolio, it said on Thursday.
Social bonds, which are debt issued for socially beneficial projects such as eradicating child labour or strengthening workers’ rights, have caught the eye of investors during the COVID-19 pandemic, when ethical investments have surged.
“In 2020, we decided to take it one step further and expand our universe to also be able to invest in social and sustainable bonds,” Chief Executive Bo Foged told journalists at a briefing following the group’s annual results release.
By Reuters Staff
(Recasts with government liquidation, adds quote)
WINDHOEK, Feb 11 (Reuters) - Debt-laden Air Namibia, which cancelled all flights earlier on Thursday, has been placed into voluntary liquidation, Finance Minister Iipumbu Shiimi said, calling the state-owned airline “unsustainable”.
Government said it had considered all other options, which included potential investment from other airlines and turnaround strategies, before it decided to file for liquidation.
“The country’s economy, can no longer afford to perpetually provide financial support to Air Namibia at the expense of supporting economic growth and critical social services,” Shiimi said during a news conference.
Air Namibia, which employs 644 workers, is buckling under mountains of debt. It has failed to produce financial statements in recent years despite regular state bailouts over the past two decades.
Royal Dutch Shell, is presenting investors with a choice. While BP’s long-term strategy envisages major reductions in oil output and big pivots to renewable energy, its Anglo-Dutch counterpart on Thursday set out a much more business-as-usual plan. Which one prevails will.