Luxembourg Financial News

France has announced its decision to maintain internal border controls until April 30, 2025, due to heightened terrorist threats and concerns over irregular migration. The French authorities formally notified the European Commission that border controls with neighboring Schengen countries—Belgium, Spain, Luxembourg, Switzerland, Germany, and Italy—will not conclude on October 31, 2024, as initially scheduled. The extension follows the country's ongoing concerns over public safety. France's current border control measures will end on October 31, 2024, and a new set of controls will take effect from November 1, 2024. The decision comes amid threats related to terrorist activities, the presence of criminal networks involved in illegal migration, and migration flows that could potentially include radicalized individuals.

The European Union’s top court has said that social media company Meta can’t use public information about a user’s sexual orientation obtained outside its platforms for personalized advertising under the bloc’s strict data privacy rules

Subscribe to enjoy similar stories. PARIS : Marine Le Pen and dozens of other members of National Rally stand trial on Monday on charges of misusing European funds, a case that risks disrupting the French politician’s efforts to carry her far-right party into the political mainstream. French prosecutors allege Le Pen and other National Rally leaders used close to 7 million euros—or around $7.8 million earmarked for assistants working inside the Strasbourg-based European Parliament—to pay party staffers in other parts of France between 2004 and 2017.

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

In a shareholder notice on Monday (23 September), Jupiter said that after carrying out its ongoing product review, it determined that the fund was unlikely attract significant future inflows in the short to medium-term. As a result, the board decided it «is in the best interest of its shareholders» to liquidate the vehicle, with the closure set to take effect on 23 October 2024. Jupiter to close UK Opportunities fund after 'limited' client demand This fund was available to UK retail investors, and all shareholders will have until 22 October at 1:00 pm (BST+1) to either redeem their...

Ahead of her retirement, the firm has decided to close the Aubrey European Conviction fund, with the closure set to take place on 18 September. The SVS Aubrey Europe Ex UK fund is set to follow in due course.  Bentley-Hamlyn, who co-founded Aubrey in 2006 after a stint as a director at Walter Scott & Partners, has managed the European Conviction strategy since 2008.  Chilean boutique takes 25% stake in Aubrey Capital Management The Luxembourg-domiciled fund holds €23.1m in assets under management, while the UK OEIC Aubrey Europe Ex UK fund manages £8.8m, according to the latest ...

Germany has begun random checks at its borders with five Western European nations, expanding a system of controls already in place at its four other borders

EU antitrust chief Margrethe Vestager scored two major wins on Tuesday as Europe's top court backed her crackdown against Apple's Irish tax deal and Google's anti-competitive practices in two landmark cases.

Bengaluru, relocated to Luxembourg in 2020. The decision came after considering various factors, including bigger salaries in India or other countries like the US and Dubai. Their move was driven by the desire for a higher quality of life, even though it meant leaving behind potential financial gains. Prateek, a senior analyst at Amazon, and Neha, a finance manager for a German real estate company, admitted that staying in India or moving to other countries could have resulted in higher earnings. «Continuing in India or moving to the US would have given us more career and earning opportunities. But we wanted to taste the superior quality of life, which Europe offers,» Prateek explained to Live Mint.

The Luxembourg-domiciled portfolio, which has been seeded by an unnamed client and already holds $229.6m in assets under management, will adopt the same strategy as AB's US Large Cap Value strategy launched in 1973.  It will have 45 to 65 holdings, with the investment team using fundamental and quantitative research to find high quality, large-cap businesses at attractive valuations.  The vehicle will be managed by Cem Inal, AB's chief investment officer of the US large cap value equities team, who has been with AB for more than 20 years. AllianceBernstein closes UK-domiciled Conce...

Mint breaks down which option would be the best fit for your needs and how this choice can shape your investments. But first, what’s a portfolio investment scheme? It’s an arrangement introduced by the Reserve Bank of India to enable NRIs to invest in the stocks of Indian companies, and allows for both repatriation and non-repatriation of profits. But there are differences in PIS and non-PIS accounts that you need to consider before deciding on one.

In the heart of Europe, Prateek Gupta and Neha Maheshwari are living a life many dream of—frequent European holidays and luxury cars. But behind this enviable lifestyle is a story of strategic financial planning that goes beyond indulgence. Despite moving from Bengaluru to Luxembourg in 2020, the couple has remained committed to investing exclusively in Indian stocks, carefully navigating the trade-offs that come with living abroad.

The closure of the fund, which has assets of around £10m, became effective on 15 August. A spokesperson for the firm told Investment Week the vehicle was closed after it became too small to manage cost-effectively. At its peak in December 2021, the strategy managed £82.7m in assets, according to data from Morningstar Direct.  Fidelity brings sustainable water & waste fund to the UK The UK-domiciled version of the fund was launched in December 2019 following the success of the Luxembourg SICAV, which remains open and currently manages $1.2bn in assets.  The SICAV, currently manag...

India's holding of US government securities touched a high of USD 241.9 billion in June as the country continued to increase its exposure for the third straight month. Japan was the top holder with securities worth over USD 1.11 trillion followed by China at the second spot with a holding valued at USD 780.2 billion in June, according to the latest data released by the US Treasury Department. At the third place was the United Kingdom with an exposure of USD 741.5 billion ahead of Luxembourg at the fourth position with a holding to the tune of USD 384.2 billion. Among the countries and jurisdictions, India was at the 12th place owning American government securities worth USD 241.9 billion in June, higher than USD 237.8 billion value recorded in May.

Saldanha is the lead fund manager for the £581.2m Global Equity Income fund and co-manager for the £515.7m Global Equity Endurance and $44.4m Social Transition Global Equity funds. Kirby co-manages the Global Equity Income strategy and Social Transition Global Equity funds alongside Saldanha, while de Bruin co-manages the Global Equity Endurance strategy, both the OEIC and the $909.3m Luxembourg-domiciled SICAV.  Trio of Aviva Investors funds fail to deliver value to investors as performance suffers A spokesperson for Aviva Investors confirmed the trio are leaving the firm to pursu...

Eutelsat OneWeb and Reliance Jio are believed to have called on communications minister Jyotiraditya Scindia to consider early provisional allocation of satellite spectrum for around six months so that companies that have the requisite permissions can quickly launch broadband-from-space services commercially in India. Companies need a GMPCS (global mobile personal communications by satellite services) license and necessary regulatory approvals from Indian National Space Promotion & Authorisation Centre (IN-SPACe) before launching commercial satcom services in India, a nascent market but with a lot of potential, say experts. The issue came up during a meeting with key industry stakeholders of the satcoms ecosystem that was chaired by Scindia on Monday, two people aware of the matter said.

NEW DELHI : Luxembourg-based SES, which has a joint venture with Jio Platforms in India, has applied for a satellite-bandwidth-provider licence to set up a local arm, two senior executives with direct knowledge of the development told Mint. The European firm's entry is expected to bring costs down for domestic direct-to-home (DTH) TV players, who have to lease satellite bandwidth through the Indian Space Research Organisation (Isro). The license, being processed by the Indian National Space Promotion and Authorization Centre (In-Space), will allow the firm to offer satellite capacity directly to its DTH and very small aperture terminal (VSAT) satellite broadcasting clients, including Bharti Airtel Ltd and satellite bandwidth service provider Hughes Communications India.

Robinhood Markets is reportedly exploring the introduction of cryptocurrency futures trading in the US and Europe.

A growing type of insurance, called parametric insurance, is helping farmers and others in developing countries respond to extreme weather events

North Macedonia’s government has announced a project with renewables investor Alcazar Energy Partners for the construction of the landlocked country’s biggest wind farm

Ukraine is set to officially launch membership talks with the European Union later on Tuesday