Monday, 28 September 2020

Bloomberg

Brexit delay gives gives brief window for possible Czech rate hike

Bloomberg |
18 April 2019

The delay to Brexit has potentially given the Czech central bank a small window to raise borrowing costs this year as it tries to put a lid on price growth before the economy slows, board member Tomas Holub said.

Czech billionaire accused of USD 1 billion fraud by New York hedge fund

Bloomberg |
11 April 2019

A Czech billionaire described as the largest commercial property landlord in Berlin was sued in the U.S. for allegedly defrauding a New York hedge fund and a Czech investment firm of more than USD 1 billion.

Global risks set to delay Czech rate hike

Bloomberg |
28 March 2019

The Czech central bank will probably refrain from raising borrowing costs as risks of a global economic slowdown outweigh accelerating inflation at home.

High debt is a problem for euro, says debt-averse Czech Republic

Bloomberg |
12 March 2019

Euro-zone countries' public debt piles are threatening to handcuff policy makers in the bloc as they brace for an economic slowdown, according to the head of the Czech central bank.

Czech junior ruling party pushes for bank tax to prop up budget

Bloomberg |
1 March 2019

The Czech Republic needs to impose a special levy on lenders to finance the planned social spending, a junior ruling-coalition party said, increasing pressure on the prime minister who's made a promise not to raise the corporate tax burden.

Czech rate setter warns excessive hikes may hurt economy

Bloomberg |
14 January 2019

Czech policy makers should proceed cautiously with further interest-rate increases to avoid hurting the economy, central bank board member Oldřich Dědek said. He was the only policy maker to vote against the last increase in November that brought the benchmark to the current 1.75 percent.

Czech leader defies fraud-probe scandal to bolster his support

Bloomberg |
6 December 2018

The Czech Republic's billionaire prime minister fortified his support among potential voters, defying escalating tensions over a police investigation into whether he committed fraud. The ANO party led by Andrej Babiš widened its lead in a survey conducted by pollster STEM last month when new allegations related to the fraud probe led to a failed no-confidence motion in parliament. ANO's backing rose to 36% in November, from 33% in the previous month.

Europe's most reliable rate-hike beacon goes dim

Bloomberg |
20 November 2018

Weakness in the Czech currency has reliably pointed the way to the longest run of interest-rate increases in Europe. But at their last meeting of the year, policy makers may opt for a pause, even as the koruna continues its slide.

Richest Czech seen eyeing Chelsea stake as Abramovich mulls sale

Bloomberg |
26 October 2018

Petr Kellner, the richest Czech and the owner of investment company PPF Group, is considering buying a stake in Russian billionaire Roman Abramovich's Chelsea Football Club, the Lidove Noviny newspaper reported. Abramovich, known for his close relations to Russian leader Vladimir Putin, is mulling a full or a partial exit from Chelsea after the U.K. government didn't renew his visa this year.

Trailblazing rate hikes herald end of an era for Czech bonds

Bloomberg |
17 October 2018

After bingeing on short-term bonds with negative yields, the Czech government is betting the fastest run of rate hikes in Europe will lure investors to its longer debt.

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