Eurozone quantitative easing was launched to save the single currency bloc. But it may end up making it easier to break the eurozone apart, The Financial Times reports.» Read More
LONDON, Oct 2- European shares were set to retreat in early trading on Tuesday after strong gains in the previous session, with uncertainty over the timing of a likely aid request by Spain seen prompting investors to cut their exposure to riskier assets.
PARIS, Oct 1- French brokerage Cheuvreux is likely to cut hundreds of jobs as part of Credit Agricole's. Credit Agricole said in July it was in exclusive talks to sell Cheuvreux, which employs about 700 people worldwide, to independent financial services group Kepler Capital Markets.
LONDON, Oct 1- The Czech Republic, rated A1/AA-/A+, will increase a 3.875% May 2022 issue by a further EUR750m, lead managers Barclays, Ceska, SG CIB and UniCredit said on Monday. The new total issue size will be EUR2.75bn.
MOSCOW, Oct 1 (Reuters- Dutch bank ING is closing its equity markets desk covering Central and Eastern Europe and Russia, with the loss of around 100 jobs, it said on Monday. The job losses were spread across offices in London, Moscow, Prague and Budapest.
October 1- Following are terms and conditions. of a bond increased on Monday.
LONDON, Oct 1- The spread on the tap of the Czech Republic's 3.875% May 2022 bond has been fixed at 116 bp over mid-swaps, according to officials involved with the sale. Leads Barclays, Ceska, SG CIB and UniCredit plan to close the book at 1245 GMT and have already attracted orders in excess of EUR1.5bn. Keywords: CZECH REPUBLIC/ BOND TAP.
Barclays, Ceska, SG CIB and UniCredit have gathered indications of interest of more than EUR1bn for the deal, which is expected to price today.
Oct 01-=============================================================================== Summary analysis-- UniCredit SpA--------------------------------- 01- Oct-2012=============================================================================== CREDIT RATING: BBB+/ Negative/A-2 Country: Italy Primary SIC: National commercial banks Mult.
LONDON, Oct 1- The Czech Republic, rated A1/AA-/A+, has mandated Barclays, Ceska, SG CIB and UniCredit for a tap of its 3.875% May 24 2022 euro issue. The settlement date is October 5 2012.. Keywords: CZECH REPUBLIC/ BOND TAP.
PRAGUE, Oct 1- Telefonica Czech Republic. The loan facility is priced at 175 basis points over the three-month interbank PRIBOR rate, the Czech unit of Spain's Telefonica said. The loan was arranged by UniCredit Bank Czech Republic, Erste's Ceska Sporitelna, Societe Generale.
MOSCOW, Oct 1- Dutch bank ING is closing Central and Eastern European equities operations and scrapping corporate banking jobs in London, with the loss of around 130 jobs, the company said on Monday. The equities desk in Moscow will also be closed, Simpson said. The job losses were spread across offices in London, Moscow, Prague and Budapest.
LONDON, Oct 1- The Czech Republic, rated A1/AA-/A+, has priced a EUR750m increase of a 3.875% May 2022 issue via Barclays, Ceska, SG CIB and UniCredit. The tap attracted over EUR1.6bn of demand from investors and priced at mid-swaps plus 116 bp, from an initial price range of mid swaps plus 120 bp-125bp. The issue size now totals EUR2.75bn.
Italy needs a strong political government, not another technocrat administration when Prime Minister Mario Monti's term ends in the spring, the head of the country's main employers' confederation said on Sunday.
Sergio Ermotti, the bank’s newly named chief executive, tells the Financial Times that there was “no way” bonuses would be unaffected by the shock September's $2.3 billion trading loss.
UniCredit will ask the European Central Bank to increase access to ECB borrowing for Italian banks at a meeting on Wednesday, a source close to the bank said, highlighting funding concerns among the country's lenders.
European banking stocks fell sharply Tuesday before starting to rebound, with Unicredit and Deutsche Bank among the top losers, on fears that sovereign debt crises in peripheral euro zone countries might spread.
Drugmaker Bristol-Myers Squibb became the latest big company to announce layoffs, saying it will eliminate another 10 percent of its work force through 2010.
This week brought a slew of layoffs, including Dow component Bank of America, which said its planned job cuts may grow to 35,000 over three years after it completes its purchase of Merrill Lynch.
Sony became one of the latest companies to announce layoffs in attempt to rein in costs and weather the weak economy.
Further layoffs on Monday from big market names, including a component of the Dow Jones Industrial Average an American business icon, added to employment gloom.