Tag Archives: Netherlands

REFILE-UPDATE 2-Austria follows Italy as the government continues ultra-long issuance | Instant News


(Clears repeating data about Austria)

* Austria will sell 50-year bonds, following Italy

* Spain will sell 15 year bonds

* Bond yields rise as investors digest the issuance

April 13 (Reuters) – Austria on Tuesday moved to lock in its current low borrowing costs with 50-year bonds, following a half-century issue from Italy, while Spain launched a 15-year newspaper.

Both deals are made through a syndicate of banks, with Austria to raise 1.75 billion euros and Spain six billion euros, according to a key manager’s memo seen by Reuters.

Last week’s Austrian and Italian bonds marked a resumption of a very long term, 50-year issuance.

After a strong start to the year with 50-year selling from France, Spain and Belgium, the bond selloff was driven by higher growth expectations and inflation weighed on bond buyers with losses and such issuance eased.

“European investors still rely on a lower narrative for the long term and therefore there is no fear on their part to buy longer term bonds as there is no fear of regime change in growth and inflation dynamics,” said Antoine Bouvet, senior pricing strategist. on ING.

“It is true that tariffs have moved higher, but in the grand scheme of things, they are still quite low.”

The European Central Bank has calmed the market by increasing its rate of asset purchases.

Ultra-long-dated bonds are considered to be one of the most risky government debt problems, because they are more sensitive to changes in the underlying interest rates. In addition, the ECB, which is pushing down euro area borrowing costs, has not bought bonds of more than 30 years.

Austria saw demand 13 billion euros and Spain 42 billion euros as both books shrank after the government cut offered yields.

That’s well below the 65 billion euros in offers Madrid received for a 50-year contract in February and 18 billion euros for Austria’s 100-year bonds last year.

Bouvet said the lower demand may descend to a large increase in yields this year meaning investors such as pension funds will no longer need to buy longer-term bonds. Some governments are also trying to get rid of bidders they believe will deliver an increased order

Euro area bond yields barely moved as data showed US inflation rose 2.6% year-on-year in March, slightly above forecasts.

But massive supplies weighed on the market, with German 10-year yields almost hitting a two-week high of -0.271% and Italian 10-year yields at their highest in more than a month at 0.78%.

Investors also digested the supply of bonds from the Netherlands, Italy, the UK and the sale of $ 24 billion worth of US 30-year bonds, all of which were sold at auction.

Reporting by Yoruk Bahceli; Edited by Catherine Evans, Alexandra Hudson and Giles Elgood

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UPDATE 1-Union Alitalia urges the Italian government to leave EU talks over an overhaul | Instant News


(Adding EU Commission commentary)

MILAN, April 13 (Reuters) – Representatives of the Alitalia trade union on Tuesday urged the Italian government to cancel negotiations with Brussels over an overhaul of the airline, saying the European Commission favors foreign airlines over the group.

Rome has been negotiating with EU executives for months over Italy’s plans to restructure the airline through the launch of a new state-owned company called ITA.

Speaking before the Italian parliament, UILT trade union chairman Claudio Tarlazzi rejected the idea that the new company could accept the European Union’s proposal for restructuring.

“We have to realize that the EU is supporting rival companies, and negotiations (with Brussels) must stop and the company created with all the necessary assets,” Tarlazzi told members of the two parliamentary committees holding joint hearings.

Criticism of the EU’s handling of Alitalia peaked last week, when Brussels approved a French contribution to a 4 billion euro ($ 4.8 billion) support package for Air France-KLM in exchange for a 4% reduction in take-off and landing slots at Paris-Orly Airport.

A Commission spokesman said the looser rules for state aid adopted during the pandemic through the EU’s “interim framework” could not be applied to Alitalia.

“Alitalia was constantly losing money and was in trouble at the end of 2019, prior to the COVID-19 outbreak, and so was excluded from … receiving assistance under an interim framework,” the spokesperson told Reuters. .

“On the other hand, Air France and Lufthansa will have no difficulties at the end of 2019, which is why they can be recapitalized.”

The commission is in contact with the Italian authorities, he added, without elaborating.

The EU has asked ITA to abandon its Alitalia brand, give up half of its slot at Milan’s city airport, and start without the handling and maintenance division of the old airline, sources said.

ITA management has planned to seek partnerships with rival operators using the negotiating power of the Milan-Linate Alitalia airport slot as a sweetener.

It was supposed to buy some of Alitalia’s old assets using part of the 3 billion euros injected by the government, and started flying on fewer than 50 jets in June.

Representatives from three other unions who attended the hearing agreed with Tarlazzi and said the ITA should start by doubling down on its planned fleet.

Alitalia has posted operating losses annually since 2012, and more than half of its 11,000 employees have been temporarily laid off due to the coronavirus crisis.

$ 1 = 0.8409 euros Additional reporting by Foo Yun Chee in Brussels; Edited by Jan Harvey

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Austria, Spain followed Italy by selling long-term debt | Instant News


* Eurozone suburban government bond yields tmsnrt.rs/2ii2Bqr

April 13 (Reuters) – A 50-year bond sale from Austria on Tuesday will test further investor interest in ultra-long-dated debt after high demand for a similar sale from Italy last week, while Spain will sell a 15-year newspaper.

The prospect of a substantial new supply helped push bond yields in the euro area slightly higher in early trading Tuesday. Bond yields move inversely with prices.

The two countries sold their debts, also including four-year bonds from Austria, through a syndication, in which issuers use banks to sell their debt directly to investors, according to a lead manager memo seen by Reuters.

Investors must also digest the reopening of 15-year bonds from Italy to 2 billion euros, 1 billion pounds of 50-year bonds from the UK, and $ 24 billion in 30-year US bonds, all of which will be sold through more traditional means. auction format.

German 10-year yields, the benchmark for the bloc, were up by about a basis point to -0.29% at 0738 GMT. ING analysts said they expect Tuesday’s supply to cause long-dated government bonds to underperform.

The deal follows last week’s publication of a 50-year syndicate from Italy, which received nearly 13 times the demand for the five billion euros it raised.

After a strong start to the year, sales of ultra-long debt have slowed since February, when yields rose sharply as investors bet that a large US fiscal stimulus package will reignite growth and inflation that hurt safe-haven bonds.

France, Belgium and Spain all sold their 50-year bonds earlier in the year as they tried to lock in lower borrowing costs. But all of those bonds fell sharply during the volatile February patch.

The European Central Bank has since calmed European bond markets by increasing the rate of buying its assets.

The price of a 50 year bond, among the longest term issued by the government, is more sensitive to changes in the benchmark interest rate. The fact that the ECB, whose asset purchases have pushed down the euro area’s borrowing costs, has not purchased bonds in more than 30 years adds additional sensitivity.

On the data front, investors will be watching the German ZEW investor morale survey and US inflation data. A Reuters poll forecasts US inflation to jump 2.5% year-on-year in March, from 1.7% in February.

Reporting by Yoruk Bahceli; Edited by Catherine Evans

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Ynsect France is targeting the food market with the purchase of Protifarm | Instant News


PARIS (Reuters) – Ynsect has approved the takeover of Dutch company Protifarm, a French supplier of edible insects for animal feed said on Tuesday, marking a move into the food market amid growing demand for healthy and environmentally friendly food.

Protifarm is a leader in insect ingredients for human food, and the deal follows a January clearance from the European Food Safety Authority (EFSA) against mealworms because it is safe for human consumption.

“They are one of the other rare actors who also raise bamboo caterpillars like us but they are in the human diet and we are not, (we are) only in food for dogs, cats and fish,” Ynsect co-founder and chief executive Antoine Hubert said. told Reuters in an interview.

Ynsect will begin to focus on high-protein supplements for athletes and the elderly and work on flavor aspects that aim to serve the fast growing market for meat substitutes within a few years, said Hubert.

The edible insect market is expected to expand at an annual growth rate of 26.5% to $ 4.63 billion by 2027, according to Meticulous Research.

Footprint Coalition of Actor Robert Downey Jr. is one of the supporters of Ynsect’s capital raising from global investors, which amounted to $ 425 million, he said.

Ynsect will open what it says will be the world’s tallest vertical farm in northern France next year.

The company is targeting revenues of at least 500 million euros ($ 595 million) in five years, with the food market accounting for around 5% -10%, Hubert said.

The insects, mostly fed with waste, can be used as an alternative to grain and oil-based protein substitutes.

Other large insect protein producers include France’s Inovafeed and Dutch maker Protix.

Consolidation in the sector is inevitable with large agrifood groups likely to step in within a few years, said Hubert.

The Protifarm plant in eastern Amsterdam will be Ynsect’s third plant and has a capacity of over 100,000 tonnes per year with the possibility of increasing to 230,000 tonnes in the medium term.

Ynsect aims to have more than 10 factories in 15 years, primarily targeting the booming US pet food market while looking at projects in Canada, Mexico, Asia, Africa and South America, said Hubert.

($ 1 = 0.8403 euros)

Reporting by Sybille de La Hamaide; edited by Jason Neely

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Football news 2021, live blog, how to watch, stream, start times, team, Sam Kerr | Instant News


Matildas has not played since March 2020, but they finally returned to the pitch on Sunday morning in a blockbuster match against world number two Germany.

The friendly, to be held in Wiesbaden, Germany, is the first ever under the guidance of new coach Tony Gustavvson – and with less than 100 days until the Tokyo Olympics, the previous Swedish mastermind had little time to renovate the team to his image.

Early indications are that Matildas, who has played a possession-based approach for years, will adopt a more direct and aggressive style.

“It’s all about goals, goals, goals. It’s music to my ears, “said Chelsea superstar Sam Kerr, per Fairfax. “I think it’s going to be about how we get the ball behind the goal. I thought it was very interesting and it will take some getting used to because we come from a very big style of football. “

Watch Matildas vs Germany LIVE on Kayo. New to Kayo? Try 14-days Free Now>

Sam Kerr the hat-trick hero! | 01:22

‘We’re not connected like that’: Why the new boss Matildas doesn’t make any excuses

With a number of Matildas strikers starring in the English Women’s Super League, including Kerr (10 goals in the last six games), Caitlin Foord and Hayley Raso – and many others enjoying a season of prominence across the continent – Gustavvson is not short on the weapons at his disposal.

But there were some notable absences: Ellie Carpenter and Steph Catley (82 caps), the team’s two first-choice fullbacks, were missing each due to the COVID-19 biosecurity protocol and hamstring injuries.

Another midfield talent in Amy Harrison was also forced to miss the pair match against Germany and the Netherlands (Wednesday morning AEST) due to the COVID-19 protocol.

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As for Germany, the hosts have been in action throughout 2020 while Matildas is stuck on the ice.

In the second half of 2020, Germany set a perfect streak across four games, won a lot and conceded only once – securing their place at Euro 2022.

The side, led by coach Martina Voss-Tecklenburg, beat Belgium 2-0 in February this year before losing 2-1 to the Netherlands – their first defeat since the 2019 World Cup quarter-finals.

DETAILS OF REPAIR

Matildas will face Germany from 12.05 on Sunday before meeting the world number 4 Netherlands on Wednesday from 2.30am.

HOW TO WATCH

Watch Australia v Germany live on Fox Sports 503 starting Saturday at 23.30 AEST, ahead of kick-off at 12.05 (Sunday).

Streaming LIVE and on demand You Sports.

Watch Matildas vs Germany LIVE and On Demand on Kayo. New to Kayo? Try 14-days Free Now>

SQUAD MATILDAS:

Mackenzie Arnold, Laura Brook, Emma Checker, Caitlin Foord, Mary Fowler, Emily Gielnik, Beatrice Goad, Dylan Holmes, Alexandra Huynh, Alanna Kennedy, Sam Kerr, Chloe Logarzo, Aivi Luik, Ella Mastrantonio, Clare Polkinghorne, Hayley Raso, Indiah- Paige Riley, Karly Roestbakken, Amy Sayer, Emily van Egmond, Lydia Williams.

MATCH CENTER: Live updates, lineups, statistics

LIVE BLOG

Follow the action on our live blog below. If you can’t view the blog, Click here.

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