Germany to Sell More Debt as Coalition Ramps Up Defense Spending
Germany will sell €19 billion ($22 billion) more federal-government debt than planned in the third quarter to help fund a surge in spending on infrastructure and the military.
The Frankfurt-based Finance Agency, which manages federal borrowing, aims to raise €118.5 billion in the July-September period, according to an updated issuance plan published Tuesday. December's original program had penciled in sales worth €99.5 billion.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Continental's Aumovio aims for higher sales in long term after IPO
BERLIN (Reuters) -Continental's automotive division, set to go public in September under the name Aumovio, hopes to boost sales by 22% in the long term as it sharpens its focus on technologies that add value to the carved-out company, it said on Tuesday. Continental said Aumovio is targeting a long-term increase in sales to over 24 billion euros ($28 billion) compared with 19.6 billion euros last year, and an adjusted EBIT margin in the range of 6-8%. "We have a clear strategy for increasing value and are well equipped to take on the market challenges that lie ahead," Aumovio CEO Philipp von Hirschheydt said, giving a strategy update at the group's capital markets day. On the auto business's exposure to U.S. President Donald Trump's tariffs, which have panicked German carmakers and their suppliers, von Hirschheydt told reporters 92% of its products are produced in the United States or Mexico, meaning they are exempt. "For many years, we have tried to produce very closely to where our buyers and customers are located," he added. ($1 = 0.8621 euros)
Yahoo
2 hours ago
- Yahoo
Tower Leasing surpasses £200m in gross receivables
Tower Leasing, a UK-based asset finance provider, has announced it has exceeded £200 million in gross receivables through its own book lending, a major milestone the company says reflects 'over a decade of strategic transformation and sustained growth.' According to a press release, the achievement marks a key moment in Tower Leasing's evolution from a traditional finance broker into a fully integrated hybrid funder. Since launching its direct funding capability in 2013, the company has steadily increased the share of agreements funded through its own book, now comprising the majority of its business. 'This number represents more than financial success, it's a testament to the resilience and dedication of our team over the past 30 years,' said Kerry Howells, CEO of Tower Leasing. She added that the 2013 launch of direct lending was a pivotal step in shaping the company's current model. Tower's growth strategy has included investments in technology and infrastructure, most notably the introduction of Tower Extra, a proprietary tool that allows real-time proposal tracking and credit automation, and has 'significantly improved the funding experience' for brokers, vendors, and end customers, according to the company. Institutional partnerships have also bolstered the firm's funding capabilities. Tower has secured a total of £121.75 million in capital facilities, including £46.75 million from the British Business Bank's ENABLE Funding programme, £25 million from British Business Investments, and a £50 million integrated wholesale funding agreement with Conister Bank. 'We've always remained focused on growing sustainably and building something that lasts,' Howells said, while also crediting longstanding vendor relationships for their role in the company's expansion. Founded in 1989 and headquartered in Bracknell, Berkshire, Tower Leasing specialises in vendor-led and direct-to-customer SME finance. "Tower Leasing surpasses £200m in gross receivables" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Bloomberg
2 hours ago
- Bloomberg
Spain Bucks Nuclear Revival Trend With Commitment to 2035 Exit
Newsletter Energy Daily While the country has signaled willingness to reconsider phasing out its reactors, the prospect is looking increasingly unlikely. Welcome to our guide to the commodities markets powering the global economy. Today, reporter Thomas Gualtieri looks at Spain's increasingly lonely commitment to phase out nuclear power. Countries across the globe are re-embracing nuclear power as an essential component of their future energy systems. Spain, meanwhile, is heading in the opposite direction.
