AGP Executive Report
Last update: 11 hours agoMarkets: European shares rebounded as oil eased on hopes of de-escalation with Iran, but telecom stocks slid after SpaceX’s reported $8bn spectrum deal rattled investors; Deutsche Telekom and Vodafone fell. Banking & Regulation: EU finance ministers are nearing agreement on a key part of the Savings and Investment Union, aimed at channeling household savings into markets and easing cross-border investment. BNY has expanded regulated crypto custody in the EU under MiCA, while ESMA is seeking views on tokenised collateral and has set a three-month exit period for non-compliant stablecoins. Investment: European startups raised $25bn in Q3, a four-year high, with AI accounting for three-quarters of funding. The EU also selected 46 strategic minerals projects expected to need €21.1bn in investment, as it seeks to reduce reliance on China. Bank Capital: National Bank of Greece repurchased €12.29m of its shares between September 30 and October 8.
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