Wednesday, 20 June 2018

Reuters

Hobbit's five armies clash in Czech forest

Reuters |
18 June 2018

Spears crossed, swords touched and arrows flew in a Czech forest over the weekend as hundreds of fans of J.R.R. Tolkien's The Hobbit reenacted a major battle. More than 1,000 people, dressed in costumes from Tolkien's books, took part in the Battle of the Five Armies, according to organizers of the annual event, held in a forest near the Czech town of Doksy, 80 kilometers north of Prague.

Czech parties edge towards coalition deal after months of stalemate

Reuters |
15 June 2018

The Czech center-left Social Democrats were expected to announce on Friday that their members had agreed to form a cabinet with the dominant centrist ANO group, ending more than eight months of stalemate after an inconclusive election. Party sources said that partial results of a ballot suggested the plan would be approved - even though some members had objected to joining any government led by ANO chief Andrej Babis who is facing a fraud investigation.

Watchdog: China's CITIC files for approval of taking over Czech CEFC

Reuters |
14 June 2018

A unit of China's state-owned conglomerate CITIC has filed a request for antitrust approval to take full control over Czech assets of troubled private Chinese group CEFC China Energy, Czech competition watchdog UOHS said on Wednesday.

Ratesetter Nidetzky: Czech economy ready for another hike

Reuters |
14 June 2018

The Czech economy is ready for another interest rate hike as soon as this month as the labour and housing markets start to overheat, ratesetter Tomas Nidetzky said.

Czech central bank raises countercyclical buffer to 1.50 %

Reuters |
13 June 2018

The Czech central bank (CNB) raised its countercyclical capital buffer for banks by 25 basis points to 1.50 percent on Tuesday to strengthen banks’ resilience to any deterioration in the economic cycle. The increase will take effect on July 1, 2019.

Czech central bank puts new caps on mortgages amid housing price boom

Reuters |
13 June 2018

The Czech central bank introduced new brakes on the mortgage market on Tuesday in its drive to avoid a price-lending spiral it fears may destabilise the financial system in case of a crisis.

Markets bet on early Czech rate hike as crown flounders

Reuters |
12 June 2018

Expectations of a Czech interest rate hike as soon as August to keep inflation at bay are growing, analysts and markets say, after the central bank indicated a weak crown currency and fast-growing wages made an earlier move possible.

Czech PM's former company posts 2017 profit fall

Reuters |
11 June 2018

Czech conglomerate Agrofert suffered a drop in net profit for 2017, the group founded by Czech Prime Minister Andrej Babis said on Friday, citing weakness in its German bakery business.

Czech crown leads gains as central bank chief flags rate hike

Reuters |
6 June 2018

The crown rose on Tuesday after the governor of the Czech central bank (CNB) said rates may rise sooner than expected, while Central Europe's other currencies also mostly firmed as fears about Italy's future in the euro zone receded. But the Polish zloty, after initially leading the rise, gave up all its gains as the dollar resumed its firming, hitting a three-month high against the euro.

Richest Czech's PPF investment group assets grow 41 pct in 2017

Reuters |
6 June 2018

Czech investment group PPF, owned by the country's richest businessman Petr Kellner, reported on Tuesday a 41 percent increase in assets in 2017, rising to more than 38 billion euros.

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