Funding & Business
ECB ‘Insurance Cut’ Not Needed With Inflation at 2%, Rehn Says
The European Central Bank is in no rush to lower interest rates further after inflation hit its 2% target and with the economy performing slightly better than thought, according to Governing Council member Olli Rehn.
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Lenders including JPMorgan Chase & Co. and Deutsche Bank AG are providing around €750 million ($879 million) of debt financing to back Apollo Global Management Inc.’s acquisition of German cooling equipment firm Kelvion.
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Construction work at a Hyundai Motor Co. joint-venture battery plant in Georgia that was raided by US immigration authorities is being delayed as the companies involved grapple with worker shortages.
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