Core Viewpoint - ING has published the agenda and proxy materials for its 2026 Annual General Meeting (AGM), scheduled for April 14, 2026, which includes the appointment of a new Chief Financial Officer and updated remuneration policies for the Executive and Supervisory Boards [1][2]. Group 1: AGM Details - The AGM will take place in person at Muziekgebouw aan 't IJ, Amsterdam, starting at 2:00 PM CEST, and will also be available via live webcast [3]. - Registered shareholders can find detailed information on registration, participation, and voting in the supporting materials published alongside the agenda [3]. Group 2: Proxy Materials - The proxy materials include the 2025 Annual Report, which contains the Annual Accounts and reports from both the Executive and Supervisory Boards, published on February 26, 2026 [2]. - All relevant documents and the agenda for the AGM are accessible on ING's website [2]. Group 3: Company Profile - ING is a global financial institution with a strong European base, providing banking services through ING Bank, which employs over 60,000 people and serves customers in more than 100 countries [4]. - ING Group shares are listed on the Amsterdam, Brussels, and New York Stock Exchanges [5]. Group 4: Sustainability Efforts - ING aims to integrate sustainability into its operations, with its ESG rating upgraded from 'AA' to 'AAA' by MSCI in October 2025, indicating strong management of ESG material risk [6]. - The company is included in major sustainability and ESG index products from leading providers such as Euronext and FTSE Russell [6].

Core Insights - Tesla's sales in Europe have declined for the 13th consecutive month, with new car registrations falling to 8,075 in January, a decrease of 17% year-over-year [2] - The company's market share in the European Union, Britain, Switzerland, Norway, and Iceland has dropped to 0.8%, down from 1% in January of the previous year [2] Group 1: Sales Performance - Tesla's sales in Europe have shown a persistent decline, marking a "very weak" start to the year according to industry experts [3] - The decline in sales is attributed to increased competition from affordable electric vehicles (EVs) from brands like BYD, MG, and ZEEKR, as well as a lack of new models from Tesla [3] Group 2: Market Dynamics - The focus on autonomous driving rather than expanding the vehicle lineup may be impacting Tesla's sales performance [4] - An influx of first-generation Teslas being remarketed after lease periods has led to a decrease in second-hand prices, contributing to the availability of competitively priced used Teslas in the market [4]

Key TakeawaysU.S. Trade Representative Jamieson Greer confirmed that all negotiated trade agreements, including those with the European Union and China, remain in force despite a Supreme Court ruling striking down previous tariff authorities.The Trump Administration has pivoted to Section 122 of the Trade Act of 1974, implementing a temporary 15% global tariff to maintain economic leverage and policy continuity.The European Commission is demanding "full clarity" from Washington, warning that "tariff chaos" ...

Copper prices rallied to a record high of over $13,000 per ton last month, but retreated to about $12,700 this week as expectations of long-term demand strength collided with massive stockpiling at the key exchange hubs in the U.S. and China. Despite an unchanged outlook of soaring copper demand in the long term due to electrification and surging power consumption, near-term prospects in the copper market appear more fragile than the gold rally. “While we expect long-term gold prices to rise further, w ...

华尔街股市飙升，但无需太过乐观 周五，特朗普的失败导致华尔街价格飙升。道琼斯标准值指数随后上涨，上涨了0.6%，至49,712点。标 准普尔500指数上涨了0.7%，达到6909，纳斯达克技术交易所的指数上升了0.9%，达到22880。汽车、 家具以及鞋类和玩具制造商的股票表现明显。 ING首席经济学家Carsten Brzeski说，"这个判决显然就是打脸特朗普。然而，美国贸易伙伴不要指望美 国政府会突然然改变贸易政策。" 美国最高法院推翻了特朗普总统基于国家紧急情况而推行的关税政策。周五，法官们以6：3的多数票确 认了下级法院的裁决，总统越界使用1977年的这项法律。 大多数法官认定，宪法"明确"授予国会征税的权力，包括关税。最高法院大法官John Roberts 在判决中 写道，行政部门，即总统，没有税收主权。 这一诉讼是由受关税影响的公司和美国12个州发起。最高 法院通过其裁决推翻了特朗普经济政策的核心要素。经济学家估计，根据这项法律征收的超过1750亿美 元的关税现在可能需要偿还。 美国宪法赋予国会，而不是总统，征税的权力。然而，特朗普援引《国际紧急经济权力法》（IEEPA） 在未经国会同意的情况下 ...

Zeus Packaging Group has acquired Spain-based KOEX Packaging Solutions, according to an announcement on social networking platform LinkedIn. Financial terms of the deal remain undisclosed. The combined entity will offer integrated packaging services with a wider geographic reach for customers in Europe and North America. This development comes as Zeus projects its group revenue to reach €600m ($710.4m) by 2026, supported by a workforce exceeding 1,500 employees worldwide. Premium and retail packaging ...

Core Viewpoint - KBC Group reported a fourth quarter net income of 1 billion euros, slightly exceeding analyst expectations, despite a 10% year-on-year decline due to a previous one-off tax benefit [1] Financial Performance - The net interest income (NII) grew by 12% year-on-year to 1.61 billion euros, contributing to a full year total NII of 6.1 billion euros, surpassing the previous target of 5.95 billion euros [1] - KBC's total income for 2026 is projected to grow at least 9.9% year-on-year, with an expected NII of 6.73 billion euros or more [1] - The combined ratio of the non-life insurance division improved to 87% from 90% in 2024, indicating profitability in that segment [1] Strategic Initiatives - KBC's strategy involved locking in long-term bonds early in the rate-hiking cycle, which has provided stability despite sacrificing short-term reinvestment gains [1] - The company has set new medium and long-term financial targets, aiming for a cost-to-income ratio below 38% by the end of 2028 and a total income increase of at least 7.7% [1] Dividend Proposal - KBC proposed a dividend of 5.1 euros per share for 2025, resulting in a pay-out ratio of 60% of its yearly net profit, aligning with the upper end of its guidance [1]

Core Viewpoint - ING has announced the redemption of two series of SEC registered Senior Notes and intends to call Tier 2 notes on their respective reset dates, indicating a strategic move in managing its debt obligations and capital structure [1][3]. Group 1: Callable Senior Notes - ING will redeem USD 400 million Callable Floating Rate Senior Notes and USD 1,100 million 1.726% Callable Fixed-to-Floating Rate Senior Notes on their contractual call date of 1 April 2026 [1]. - The redemption will be executed in full, with payment made on 1 April 2026, and accrued interest will be paid to holders of record as of 31 March 2026 [2]. Group 2: Tier 2 Notes - ING intends to redeem EUR 1,500 million 2.125% Fixed Rate Subordinated Tier 2 Notes on the next contractual reset date of 26 May 2026 [3]. - The European Central Bank has granted supervisory permission for this redemption, which will be conducted in accordance with the terms of the T2 Notes [4]. Group 3: Future Considerations - Future decisions regarding the exercise of calls on outstanding debt securities will be made based on economic factors, market conditions, regulatory approvals, and capital requirements [5].

ING is seeking to sell about $273 million in soured loans at its Spanish unit https://t.co/TSPGNKVITF ...

Core Viewpoint - Japanese stocks are experiencing record highs following Prime Minister Sanae Takaichi's landslide victory, which is expected to lead to a weaker yen, rising equities, and higher government bond yields due to her dovish monetary policy stance and anticipated fiscal stimulus [1][3][4]. Group 1: Election Results and Market Reactions - Takaichi's Liberal Democratic Party (LDP) secured a supermajority with 316 seats, marking the largest election victory since World War Two, allowing her to push her legislative agenda more effectively [2]. - The Nikkei 225 index surpassed 57,000, reaching a record high, while the Topix index also hit an all-time peak of 3,825.67, exceeding pre-election expectations [4]. - Analysts believe the strong LDP win will enable more growth-friendly policies, boosting investor sentiment [4][5]. Group 2: Fiscal Policy and Bond Market Implications - Takaichi's victory is expected to revive the "Takaichi trade," characterized by a weaker yen and rising long-dated government bond yields, reflecting her dovish monetary policy [3]. - The yield on the 10-year Japanese government bond rose by 4 basis points to 2.27% following the election, indicating potential pressure on bonds due to increased government spending [6]. - Takaichi announced a record budget of 122 trillion yen for the upcoming financial year, marking a second consecutive year of record spending [6]. Group 3: Debt Concerns and Currency Movements - Japan's debt-to-GDP ratio is nearly 230%, making it the most indebted nation globally, which raises concerns about fiscal sustainability [7]. - Despite expectations of increased spending, Takaichi indicated that newly issued government bonds would remain below 30 trillion yen for the second consecutive year [13]. - Interestingly, the yen strengthened by 0.4% to 156.55 against the dollar after the election, reflecting Takaichi's commitment to fiscal sustainability [14].