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Italy watchdog lists US, UK, Russia as risk zones for lenders

Italy watchdog lists US, UK, Russia as risk zones for lenders

Canada News.Net13 hours ago
MILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic lenders, citing significant banking exposure in those regions.
The Bank of Italy said on July 4 that it had designated the United States, Great Britain, Switzerland, and Russia as countries where Italian banks have material exposure, based on end-2024 data. The classification was made under EU guidelines aimed at monitoring and mitigating systemic financial risks.
The assessment considers the extent of Italian banks' exposure to these countries relative to their total global exposure.
Among the institutions operating in the listed regions are Intesa Sanpaolo and UniCredit, Italy's two largest lenders. Intesa Sanpaolo maintains a corporate-only presence in Russia, while UniCredit continues to operate a retail banking unit there.
In a recent investor document tied to its takeover offer for Banco BPM, UniCredit disclosed that its Russian unit increased its holdings of local government bonds in Q1 2025. The assets rose from 574 million euros in December to 754 million euros (US$888.06 million) by March.
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ARIS MINING ANNOUNCES SALE OF JUBY GOLD PROJECT TO MCFARLANE LAKE MINING
ARIS MINING ANNOUNCES SALE OF JUBY GOLD PROJECT TO MCFARLANE LAKE MINING

Cision Canada

timean hour ago

  • Cision Canada

ARIS MINING ANNOUNCES SALE OF JUBY GOLD PROJECT TO MCFARLANE LAKE MINING

VANCOUVER, BC and TORONTO, July 7, 2025 /CNW/ - Aris Mining Corporation (Aris Mining) (TSX: ARIS) (NYSE-A: ARMN) and McFarlane Lake Mining Limited (McFarlane) (CSE: MLM) (OTC: MLMLF) are pleased to announce the signing of a definitive asset purchase agreement (the Agreement) for the sale of Aris Mining's Juby Gold Project and related interests in Ontario, Canada. The total consideration is valued at US$22 million, payable as outlined below. The Juby Gold Project is an exploration-stage gold project located in the Shining Tree area of Ontario's Abitibi greenstone belt. The transaction includes Aris Mining's 100% interest in the Juby Gold Project and its 25% joint venture interest in the adjacent Knight property. Neil Woodyer, CEO of Aris Mining, commented "The sale of Juby reflects our strategic focus on building a leading gold mining company in Latin America. Juby is a promising exploration property but is non-core to our operations in Colombia and Guyana. We are pleased to see it move into the hands of a dedicated and experienced management team that is well positioned to unlock its potential." Mark Trevisiol, CEO and Chairman of McFarlane, added "Our team is very excited to be working with Aris Mining on the acquisition of the Juby Gold asset. The addition of this project to McFarlane's portfolio will be accretive to our business and ultimately shareholder value. This acquisition transforms our junior gold exploration company into a gold exploration and development company. The team at Aris has been excellent to work with and we look forward to having them as a significant shareholder of McFarlane." Under the terms of the Agreement, Aris Mining will receive total consideration of US$22 million, comprised of: US$10 million in cash, payable on closing; common shares of McFarlane, representing the balance of the consideration payable up to a maximum of 19.9% of its post-financing share capital, issued at the price of McFarlane's concurrent equity financing, and issuable on closing; and an additional payment, if required to reach the total US$22 million purchase price, payable within 12 months of closing in either cash or additional shares (subject to Aris Mining holding in aggregate no more than 19.9% of McFarlane's share capital), at McFarlane's option. Completion of the transaction is conditional on McFarlane raising at least US$10 million in gross proceeds from a concurrent financing and other customary closing conditions, including required regulatory and third-party approvals, with the transaction expected to close within 90 days. Aris Mining will hold a first-ranking security interest over the Juby Gold Project until full payment of the purchase price is received. About Aris Mining Founded in September 2022, Aris Mining was established with a vision to build a leading Latin America-focused gold mining company. Our strategy blends current production and cashflow generation with transformational growth driven by expansions of our operating assets, exploration and development projects. Aris Mining is listed on the TSX (ARIS) and the NYSE-A (ARMN) and is led by an experienced team with a track record of value creation, operational excellence, financial discipline and good corporate governance in the gold mining industry. Aris Mining operates two underground gold mines in Colombia: the Segovia Operations and the Marmato Complex, which together produced 210,955 ounces of gold in 2024. With expansions underway, Aris Mining is targeting an annual production rate of more than 500,000 ounces of gold, following the Segovia mill expansion, completed in June and ramping up during H2 2025, and the construction of the Bulk Mining Zone at the Marmato Complex, expected to start ramping up production in H2 2026. In addition, Aris Mining operates the 51% owned Soto Norte joint venture, where studies are underway on a new, smaller scale development plan, with results expected in Q3 2025. In Guyana, Aris Mining owns the Toroparu gold/copper project, where a new Preliminary Economic Assessment (PEA) has been commissioned and its results are also expected in Q3 2025. Colombia is rich in high-grade gold deposits and Aris Mining is actively pursuing partnerships with the Country's dynamic small-scale mining sector. With these partnerships, we enable safe, legal, and environmentally responsible operations that benefit both local communities and the industry. Aris Mining intends to pursue acquisitions and other growth opportunities to unlock value through scale and diversification. Additional information on Aris Mining can be found at and on About McFarlane McFarlane is a gold exploration company focused on the exploration and development of its portfolio of properties, which include, the past producing McMillan and Mongowin gold properties, located 70 km west of Sudbury, Ontario, the past producing West Hawk Lake property located immediately west of the Ontario-Manitoba border, and the High Lake gold property located east of the Ontario-Manitoba border and 8 km from the West Hawk Lake property. McFarlane also owns the Michaud/Munro mineral property situated 115 km east of Timmins along the so-called "Golden Highway". McFarlane is a "reporting issuer" under applicable securities legislation in the provinces of, British Columbia, Alberta and Ontario. To learn more, visit: Additional information on McFarlane can be found by reviewing its profile on SEDAR+ at Forward-Looking Information This news release contains "forward-looking information" or "forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to the timeline for the completion of the transaction, the ability of Aris Mining and McFarlane to satisfy or waive closing conditions under the Agreement, including receipt of required regulatory and third-party approvals, the ability of McFarlane to satisfy the financing condition under the Agreement, receipt of any additional payment following completion of the transaction, statements included in the "About Aris Mining" section of this news release relating to the Segovia Operations, Marmato Complex, Soto Norte Project and Toroparu Project and statements included in the "About McFarlane" section of this news release are forward-looking. Generally, the forward-looking information and forward looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "will continue" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The material factors or assumptions used to develop forward looking information or statements are disclosed throughout this news release. Forward looking information and forward looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Aris Mining and McFarlane to be materially different from those expressed or implied by such forward-looking information or forward looking statements, including but not limited to the ability to complete the transaction with McFarlane, including receipt of the required regulatory and third-party approvals and completion of McFarlane's concurrent financing, and those factors discussed in the section entitled "Risk Factors" in Aris Mining's annual information form dated March 12, 2025 which is available on SEDAR+ at and with the SEC at and in McFarlane's annual information form dated November 27, 2024, which is available on SEDAR+ at Although Aris Mining and McFarlane have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. Aris Mining and McFarlane have and continue to disclose in their Management's Discussion and Analysis and other publicly filed documents, changes to material factors or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information, in the period the changes occur. The forward-looking statements and forward-looking information are made as of the date hereof and Aris Mining and McFarlane disclaim any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.

DeFi Technologies Provides Monthly Corporate Update: Valour Reports US$771 Million (C$1.04 Billion) in AUM, and Monthly Net Inflows of US$4.5 Million (C$6.2 Million) in June 2025, Among Other Key Developments
DeFi Technologies Provides Monthly Corporate Update: Valour Reports US$771 Million (C$1.04 Billion) in AUM, and Monthly Net Inflows of US$4.5 Million (C$6.2 Million) in June 2025, Among Other Key Developments

Cision Canada

time2 hours ago

  • Cision Canada

DeFi Technologies Provides Monthly Corporate Update: Valour Reports US$771 Million (C$1.04 Billion) in AUM, and Monthly Net Inflows of US$4.5 Million (C$6.2 Million) in June 2025, Among Other Key Developments

AUM & Continued Monthly Net Inflows: Valour reported assets under management (AUM) of US$771M (C$1.04B) as of June 30, 2025, reflecting a 5% decrease month-over-month. Net inflows for May remained strong at US$4.5.M (C$6.2M), bringing year-to-date inflows to US$75.9M (C$105.5M) —underscoring accelerating investor demand for Valour's ETPs. Strong Financial Position & Treasury Strategy: The company maintains a total cash, USDT, and treasury balance of US$62.4M (C$85M), comprising US$14M (C$19M) in cash and USDT, reflecting a 17% decrease from the previous month, and US$48.4M (C$66M) in its digital asset treasury, a 8.7% decrease from the previous month as of June 30, 2025. 2025 Revenue Guidance: DeFi Technologies' fiscal 2025 revenue guidance remains US$201.07M (C$285.6M). TORONTO, July 7, 2025 /CNW/ - DeFi Technologies Inc. (the " Company" or " DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"), is pleased to announce that its subsidiary, Valour Inc., and Valour Digital Securities Limited (together, " Valour"), a leading issuer of exchange traded products (" ETPs") reports assets under management (" AUM") of US$771 million (C$1.04 billion) as of June 30, 2025, representing a 5% decrease from the previous month, primarily due to lower digital asset prices. Despite market conditions, Valour continued to generate net inflows, recording US$4.5 million (C$6.2 million) for the month. Net Inflows and Investor Confidence In June, Valour recorded strong net inflows of US$4.5 million (C$6.2 million), continuing its trend of consistent monthly inflows regardless of market conditions. Year-to-date, total net inflows have reached US$75.9 million (C$105.5 million), highlighting accelerating investor demand for Valour's ETPs. This sustained momentum reflects growing investor confidence and reinforces the appeal of Valour's diverse product lineup. Key Products Driving Inflows A combination of established and newer ETP listings, including ETH, SUI and TAO, drove the exceptional performance. Key contributors include: These inflows highlight Valour's leadership in providing access to diverse digital assets. Valour's Top ETPs by AUM Valour monetizes its AUM primarily through staking and management fees. Valour retains staking yields as revenue, capturing value directly from the underlying digital assets held in its ETPs, in addition to management fees. In Q1 2025, Valour generated staking and lending income of US$10.0 million (C$14.0 million) and management fees of US$2.6 million (C$3.6 million), demonstrating the strength of its vertically integrated model and its ability to generate recurring, protocol-driven revenue from its growing AUM base. As of June 30, 2025, Valour's ETPs with the highest levels of AUM were as follows: Valour's Global Expansion and Strategic Market Development Valour continues to expand its global footprint as a leader in regulated digital asset products. With over 75 ETPs currently listed across European and UK exchanges, the Company remains on track to reach 100 listed products by the end of 2025. Upcoming launches include leveraged and warrant-based structures, further broadening investor access. In parallel, Valour is strategically entering emerging markets across Africa, Asia, the Middle East, and beyond, securing a first-mover advantage in jurisdictions with significant growth potential. This proactive expansion underscores Valour's long-term commitment to driving global adoption of regulated digital asset investment vehicles. Strong Financial Position As of June 30, 2025, the Company maintained a strong financial position: Cash and USDT Balance: Approximately US$14 million (C$19 million). Loans Payable: Approximately C$8.6 million (US$6 million), unchanged from the previous month, primarily attributed to the ongoing Genesis restructuring Digital Asset Treasury The Company maintained a diversified treasury portfolio. The portfolio's total value stood at approximately US$48.4 million (C$66 million). The Company may choose to rebalance or expand its treasury at any time using its available US$62.4 million (C$85 million) in cash, USDT, and other treasury holdings. DeFi Alpha Strategy The Company continues to assess and execute on arbitrage opportunities through its specialized trading desk, DeFi Alpha. Since its launch in Q2 2024, DeFi Alpha has generated a total of C$155.9 million (US$114.1 million) in revenue, including a one-time arbitrage trade announced on May 5, 2025, that delivered a return of C$23.8 million (US$17.3 million), incorporating a non-cash DLOM valuation adjustment. This strategy has significantly strengthened the Company's financial position, enabling debt repayment and supporting the ongoing expansion of its digital asset treasury. 2025 Financial Outlook: DeFi Technologies' fiscal 2025 revenue forecast of approximately C$285.6 million (US$201.07 million) excludes any decrease or recovery of discount for lack of marketability ("DLOM") applied to two private investment funds through which the Company gained exposure to locked Solana and Avalanche tokens ("Locked Tokens"). In fiscal 2024, the Locked Tokens were acquired with a DLOM applied to their fair market value, reflecting their restricted status until 2028. As these tokens unlock, reductions in the DLOM are recognized as revenue; however, given that these adjustments are non-operational in nature, they are excluded from the Company's fiscal 2025 revenue guidance. Recent Strategic Developments from June include: DeFi Technologies Appoints Former Commerzbank CEO Dr. Manfred Knof as Chairman of Valour DeFi Technologies appointed Dr. Manfred Knof, former CEO of Commerzbank AG, as Strategic Advisor to DeFi Technologies and Chairman of Valour. Dr. Knof brings decades of executive leadership in European banking to support Valour's global growth, with a focus on scaling AUM, expanding institutional relationships, and strengthening investor coverage. His appointment reinforces DeFi Technologies' commitment to building trusted, regulated access to digital assets, following its recent Nasdaq listing. DeFi Technologies announced that its subsidiary, Reflexivity Research, entered into a strategic partnership with Beluga, a leading crypto intelligence platform. The collaboration expanded research distribution, strengthened referral networks, and introduced co-branded research and strategic advisory services for token foundations and projects across the digital asset space. The partnership aligned Reflexivity's on-chain research expertise with Beluga's distribution platform to broaden both retail and institutional reach, reinforcing DeFi Technologies' commitment to supporting the growth of the digital asset ecosystem. DeFi Technologies Venture Portfolio Company AMINA Bank Achieved Record Growth in 2024 DeFi Technologies reported record growth from AMINA Bank, a venture portfolio company and Swiss-licensed digital asset bank, with AUM increasing 136% to US$4.2 billion and revenue rising 69% to US$40.4 million in 2024. AMINA achieved quarterly profitability in Q4, maintained zero lending defaults, and grew operations in Abu Dhabi and Hong Kong by 150% and 570% year-over-year, respectively. DeFi Technologies invested US$27.35 million in AMINA when AUM was approximately US$1 billion, underscoring its successful strategy of backing regulated, institutional-grade financial infrastructure in the digital asset sector. Valour Launched Four New Digital Asset ETPs on Sweden's Spotlight Stock Market Valour, a subsidiary of DeFi Technologies, launched four new SEK-denominated ETPs for Mantra (OM), Tron (TRX), Stellar (XLM), and Tether Gold (XAUt) on the Spotlight Stock Market in Sweden. The listings expanded Valour's Nordic footprint and provided investors with regulated access to tokenized gold, real-world asset protocols, and next-generation blockchain applications. With these additions, Valour surpassed 70 digital asset ETPs across leading European exchanges and remained on track to achieve its target of 100 listed products by the end of 2025. DeFi Technologies announced that it engaged ShareIntel and Urvin Consulting to strengthen market transparency and improve shareholder intelligence. The initiative provided enhanced tools and analytics to monitor trading activity, with ShareIntel's DRIL-Down™ platform tracking broker and clearing firm data, and Urvin offering expertise in detecting cross-border trading patterns, spoofing, and quote activity. The engagement reflected DeFi Technologies' ongoing commitment to transparency, shareholder engagement, and building long-term market confidence. DeFi Technologies reported the results of its 2025 Annual and Special Meeting of shareholders, held on June 30, 2025, in Toronto. All proposed directors were elected, with notable support for Chase Ergen, Silvia Andriotto, and Per von Rosen, each receiving over 94% approval. Shareholders also approved the appointment of the Company's auditors with 95.6% in favour and adopted the Share Incentive Plan with 70.4% support. A total of 127.6 million shares were voted, representing approximately 38.7% of the Company's outstanding shares. Supplemental Materials and Upcoming Communications The Company has made available on its website materials designed to accompany the discussion of its results, along with certain supplemental financial information and other data. For important news and information regarding the Company, including investor presentations and the timing of future investor conferences, visit the Investor Relations section of the Company's website: Analyst Coverage of DeFi Technologies A full list of DeFi Technologies analyst coverage can be found here: For inquiries from institutional investors, funds, or family offices, please contact: ir@ About DeFi Technologies DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance (" DeFi"). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to over seventy-five of the world's most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the Company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit DeFi Technologies Subsidiaries About Valour Valour Inc. and Valour Digital Securities Limited (together, " Valour") issues exchange traded products (" ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit About Stillman Digital Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit About Reflexivity Research Reflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. For more information please visit About Neuronomics AG Neuronomics AG is a Swiss asset management firm specializing in AI-powered quantitative trading strategies. By integrating artificial intelligence, computational neuroscience and quantitative finance, Neuronomics delivers cutting-edge solutions that drive superior risk-adjusted performance in financial markets. For more information please visit Cautionary note regarding forward-looking information: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the growth of AUM; digital asset treasury strategy of the Company; expansion of digital asset ETPs; staking and lending income generated on Valour's AUM; investor interest and demand for Valour's ETP; investor confidence in digital assets generally; arbitrage opportunities by DeFi Alpha; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; fluctuation in digital asset prices; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Trump's tariff deadline on countries weighs down global shares
Trump's tariff deadline on countries weighs down global shares

Global News

time2 hours ago

  • Global News

Trump's tariff deadline on countries weighs down global shares

Global shares mostly fell Monday as the Trump administration stepped up pressure on trading partners to quickly make new deals before a Wednesday tariff deadline, with plans for the United States to start sending letters warning countries that higher tariffs could kick in Aug. 1. In early European trading, Britain's FTSE 100 was down 0.2 per cent to 8,809.23 while Germany's DAX added 0.3 per cent to 23,854.32. In Paris, the CAC 40 edged down 0.1 per cent to 7,688.34. Japan's Nikkei 225 shed 0.6 per cent to 39,587. 68 while Hong Kong's Hang Seng index edged down 0.1 per cent to 23,887.83. South Korea's KOSPI index rose 0.2 per cent to 3,059.47 while the Shanghai Composite Index edged 0.1% higher to 3,473.13. Australia's S&P ASX 200 fell 0.2 per cent to 8,589.30. Oil prices also fell after OPEC+ agreed on Saturday to raise production in August by 548,000 barrels per day, accelerating output increases since oil prices jumped, then retreated, in the aftermath of Israel and U.S. attacks on Iran. Story continues below advertisement 4:23 The U.S. trade war is fueling Canadian pride this Canada Day U.S. benchmark crude was down 71 cents to US$66.29 per barrel. Brent crude, the international standard, shed 41 cents to US$68.39 per barrel. U.S. shares were set to drift lower with S&P 500 futures declining 0.4 per cent to 6,295.50 and Dow futures down 0.2 per cent at 45,012. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'We expect markets to be volatile into the 9-July deadline when the 90-day pause on President Trump's reciprocal tariffs expires for non-China trading partners,' the Nomura Group wrote in a commentary. It said the near-term outlook will likely hinge on several key factors like the extent to which trading partners are included in Trump letters, the rate of tariffs, and the effective date of such tariffs. A more distant implementation date might leave scope for some last-minute trade negotiations and maintain market optimism for potential resolutions or extensions, it added. 'With the July 9 tariff deadline fast approaching, all eyes are trained on Washington, scanning for signs of escalation or retreat. The path forward isn't clear, but the terrain is littered with risk,' Stephen Innes, managing partner at SPI Asset Management said in a commentary. Story continues below advertisement On Thursday, a report showed the U.S. job market performed stronger than Wall Street expected. The S&P 500 rose 0.8 per cent and set an all-time high for the fourth time in five days. The Dow Jones Industrial Average added 344 points, or 0.8 per cent, and the Nasdaq composite gained one per cent. In other dealings Monday, the U.S. dollar rose to 145.18 Japanese yen from 144.44 yen. The euro edged lower to US$1.1734 from US$1.1779.

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