Search Results for: European shares
Italy seeks to borrow 20 bln euros to prop up banking sector
December 20th, 2016
The Italian government decided on Monday to seek parliamentary approval to borrow 20 billion euros to underwrite the stability of its wobbly banking sector, starting with a likely bail-out of No. 3 lender, Monte dei Paschi di Siena, as ...
Dollar Climbs to Strongest Since 2003 on Fed Path; Bonds Drop
December 16th, 2016
‘It feels like going long dollar is free money, no one loses’ Asian index futures diverge as yen drives haven-asset retreat The dollar rallied to its strongest level since 2003 against the euro, while gold plunged as the prospect ...
UniCredit to raise billions and cut 14,000 jobs
December 13th, 2016
UniCredit, Italy’s biggest bank, is planning to raise €13bn (£10.9bn) and cut 14,000 jobs over the next two years in a bid to return to financial health. The bank plans to use the record rights issue to help remove ...
Oil Advances With Asian Stocks While Bonds, Korean Won Decline
December 9th, 2016
Bonds retreat after ECB says it will slow asset purchases European index futures little changed at the start of trading Oil rose a second day before a meeting between OPEC and other major producers on output cuts, as industrial ...
McDonald’s Is Moving Its International Tax Base to the U.K. Amid EU Scrutiny
December 9th, 2016
It has come under growing scrutiny from EU regulators over its tax arrangements in Luxembourg. McDonald‘s said on Thursday it would move its international tax base to the United Kingdom from Luxembourg after coming under increased scrutiny from European ...
BaFin plans to limit CFD trading
December 9th, 2016
Following the proposal by FCA UK for limiting leverage on Forex and CFDs, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has issued an announcement to inform that the Authority intends to limit the marketing, distribution ...
The world’s oldest bank survival may trigger deep crisis in whole Europe
December 8th, 2016
Monte dei Paschi bailout this weekend could trigger crisis in Italian banking Bankers are running out of private-sector solutions for Monte dei Paschi di Siena and have told the Italian lender to prepare for a state bailout this weekend ...
Can the world’s oldest bank survive Italy’s upheaval?
December 6th, 2016
The world’s oldest operating bank is racing to avoid a government bailout. Italy’s Monte dei Paschi di Siena (BMDPF) is trying to salvage a rescue plan that would see investors inject €5 billion ($5.4 billion) into the bank. Political ...
What to know now following Italy’s “NO” result and Renzi resignation
December 5th, 2016
Italy’s Prime Minister Matteo Renzi has said he will officially resign Monday, after voters apparently rejected his proposals for constitutional reform. What should investors keep an eye out for after his defeat? Although the referendum on Sunday was officially ...
Euro Slips With Asian Stocks While Bonds Rise as Italy Votes No
December 5th, 2016
Renzi to resign as referendum defeated; Kiwi down as Key quits Yuan falls offshore on Trump tweets; oil drops on U.S. output The euro retreated with stocks, while bonds rose, amid concern the failure of Italy’s referendum on constitutional ...
