Certificati di investimento - Cap. 5

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German insurance company Allianz said on Wednesday it does not intend to renew a policy for the Nord Stream 1 project when it expires in late 2023.
Allianz said it was part of an insurance consortium that provided coverage for the pipeline's four European-based minority shareholders.
"The policy will expire in late 2023, is not currently up for renewal, and Allianz does not intend to renew this policy," it said in a statement on its website.
"This policy was underwritten prior to the Russian invasion of Ukraine for a two-year period and we are under contractual obligation to our policyholders subject to all sanctions."
 
China's Caixin #services PMI for Mar comes in at 57.8, the highest in 28 months, vs expected 55, previous 55.

Sub-indexes for Caixin service PMI quite strong: New orders hit new high since Dec 2020. New export orders hit a new record high after China lifted restrictions on overseas travels. Service employment hit a new high since Dec 2020
 
Eurozone banks are also borrowing money from #ECB discount window, although the so-called Marginal Rate is at 3.75%, well above the Main Refi Rate of 3.5%. Banks raised €168mln from ECB discount window in the past week, €111mln more than the previous week.
 
China's foreign ministry condemned a meeting btw Taiwan leader and US House Speaker as "acts of collusion". "China firmly opposes and strongly condemns the acts" and will defend its sovereignty, it said.
 
German insurance company Allianz said on Wednesday it does not intend to renew a policy for the Nord Stream 1 project when it expires in late 2023.
Allianz said it was part of an insurance consortium that provided coverage for the pipeline's four European-based minority shareholders.
"The policy will expire in late 2023, is not currently up for renewal, and Allianz does not intend to renew this policy," it said in a statement on its website.
"This policy was underwritten prior to the Russian invasion of Ukraine for a two-year period and we are under contractual obligation to our policyholders subject to all sanctions."

Allora Reuters aveva preso un granchione. Utile precisazione...
 
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