Because the ECB has been buying covered bonds for so long, it has been subject to complaints of distortion for several years. One of the most significant distortions created from bulk buying of government bonds and other high quality debt has shown up in Europe’s repo market. Source: FT
More details have emerged about a quadruple stabbing in south London that left one child with his intestines hanging out. Witnesses have described seeing a group of around 30 youths involved in a fight on the estate in Camberwell, south London, last night. Two of the four children, aged 15 and 16, suffered injuries to their torsos while another had cuts to his arm and the fourth was injured on the leg. Source Metro
German company ADL and Iran’s Sepahan Oil Company (SOC) have signed an agreement to cooperate in technology transfer in oil and gas industry lubricants. Source: Oil Price
Russia has moved one step closer to seeing its controversial Nord Stream 2 natural gas pipeline become a reality. On Wednesday, the consortium managing the pipeline said that it has all of the Russian permits needed for installation. Source: Oil Price
