European equities closed narrowly lower in a choppy trading session on Monday.» Read More
*Prosecutors investigate deal giving Telefonica more control. ROZZANO, Italy, Dec 20- Telecom Italia's shareholders on Friday rejected by a slim majority an attempt by dissident investors to oust its board, a decision that allows CEO Marco Patuano to pursue his strategy to revive the debt-laden phone company.
ROZZANO, Italy, Dec 20- Telecom Italia's shareholders were meeting on Friday to decide whether to oust the entire board in an attempt by dissident investors to weaken the increasingly powerful influence of rival Spanish group Telefonica.
MILAN, Dec 19- Telecom Italia's shareholders meet on Friday to decide whether to oust the entire board in an attempt by dissident investors to weaken the increasingly powerful influence of rival Spanish group Telefonica.
*BlackRock says has 7.8 pct direct stake in Telecom Italia. *BlackRock stake seen decisive also for Brazil strategy.
*SEC says BlackRock raised Telecom Italia stake to 10.1 pct. MILAN, Dec 16- BlackRock Inc will have to say on Monday what stake it holds in Italy's biggest telecom operator Telecom Italia, after the Italian market watchdog threatened to fine it for not disclosing an increase.
ZURICH/ DUBAI, Nov 28- Swiss lender UBS is scaling back corporate advisory and investment banking services for ultra-rich clients in some emerging market countries to reduce overlap with other departments, three sources familiar with the plan said.
Mediobanca, under pressure to improve returns for shareholders, plans to sell almost all of its stakes in major companies, ending half a century of influence at the heart of Italian business to focus on banking.
European shares closed lower on Tuesday as markets await the outcome of a critical vote in Cyprus to tax bank deposits.
Bank stocks held European shares below 4-1/2 years highs on Monday, depressed by a worsening outlook for Italy's public finances.
An alliance between Beppe Grillo's anti-establishment 5-Star Movement and Italy's center-left could pave the way for tough conflict of interest rules, forcing Silvio Berlusconi to choose between politics or his vast media empire.
European shares closed higher on Monday, but Italian shares closed firmly in the red after political uncertainty surfaced, with Prime Minister Mario Monti announcing he will step down before his term ends.