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  • *Earnings beat in Europe lags United States. Companies from BASF, the world's largest chemicals group by sales, to Danish drugmaker Novo Nordisk, Swedish telecom equipment maker Ericsson and oil major Royal Dutch Shell have either warned on profits or disappointed with their results. This has not derailed European equities, which are on track to see their best...

  • *Bank of England seen keeping rates on hold. FRANKFURT, Oct 30- U.S. jobs data due next week may hold the key to whether the Federal Reserve will raise interest rates for the first time since 2006 in December, signalling its intention to end an era of almost-free dollars. "If we get 175,000 or 180,000 and wages up three tenths of a percent, that significantly increases...

  • LONDON, Oct 28- Japan's Mizuho Bank, Italy's UniCredit and Stockholm- based Nordea have joined a global consortium of banks led by financial tech firm R3 that is working on a framework for using blockchain technology in markets, the firm said on Wednesday. The three banks announced on Wednesday join 22 others, including JPMorgan, HSBC and Citi, taking the total to...

  • Several influential Governing Council members argued that the ECB's balance sheet was still relatively small, especially compared to the U.S. "Inflation is just not moving higher, there is a risk of falling into a Japanese-style liquidity trap," the Governing Council member said. Meeting in Malta, the Governing Council discussed a wide range of possible...

  • FRANKFURT, Oct 27- With some rate-setters advocating immediate policy easing last week, European Central Bank President Mario Draghi struck a compromise to keep the doves on side and set up expectations for action in December, central banking sources said. Several influential Governing Council members argued that the ECB's balance sheet was still...

  • LONDON, Oct 25- The European Central Bank's signal that more stimulus is coming for Europe's economy could complicate the U.S. "The ECB's move increases the probability of the Fed thinking twice about it," said Marco Valli, the chief euro zone economist at UniCredit in Milan. But assuming the U.S. Congress strikes another last-minute deal before a Nov. 3 deadline to...

  • *Italy set price for Poste Italiane IPO at 6.75 euros/ share. *Outcome shows investor confidence in Italy- minister. ROME/ MILAN, Oct 23- Italy will raise nearly 3.4 billion euros from the sale of a minority stake in its post office in a stock market listing welcomed by the government as a vote of confidence for its business reforms.

  • *Actelion up after raising earnings forecast. *UniCredit lifted by Austria asset sale reports. LONDON/ MILAN, Oct 20- European shares fell on Tuesday after reaching five-week highs the day before as energy stocks extended losses, but biotech firm Actelion rose after lifting its profit outlook.

  • NEW YORK/ PARIS, Oct 20- France's Credit Agricole SA has agreed to pay the U.S. authorities $787 million to settle allegations that it illegally moved money through the U.S. financial system in violation of sanctions against Iran, Sudan, and other countries, according to a person familiar with the matter. Representatives of the U.S. Department of Justice, U.S....

  • NEW YORK, Oct 19- France's Credit Agricole SA has agreed to pay U.S. authorities $787 million to resolve accusations it illegally moved money through the U.S. financial system in violation of sanctions against Iran, Sudan, and other countries, according to a person familiar with the matter. Representatives of the U.S. Department of Justice, U.S. Treasury...

  • The Italian bourse said in a statement that Marco Polo had bought 70.6 percent of the Pirelli shares that were targeted by the mandatory tender offer. These shares equal a stake of around 54 percent in Pirelli and add to a shareholding of around 33 percent Marco Polo already held- giving it a total 87 percent, according to Reuters calculations.

  • MILAN, Oct 9- Italy's treasury set a price range for the initial public offering of the post office that values it at up to 9.8 billion euros, in what will be the country's biggest privatisation in a decade. The offer price therefore suggests the share sale of Poste Italiane, which will be offered to institutional and retail investors from Oct. 12 until Oct. 22, could...

  • China has become the focal point for economists as they fear a hard landing there could send countries that have only just escaped from the doldrums reeling back into recession. Beijing will publish September trade data on Tuesday and inflation on Wednesday and any significant deviation from expectations could set the tone for the week.

  • Although dominated by lenders such as state-controlled Sberbank and VTB, Russia's banking sector has several large, established, foreign players, such as Italy's UniCredit, Austria's Raiffeisen Bank International, France's Societe Generale, and Citigroup of the United States. But bankers and analysts point to the disproportionately large share of group...

  • *Court will rule on merit of suits against reform on Feb. 10. ROME/ MILAN, Oct 7- A landmark reform aimed at reducing the number of cooperative banks in Italy and making them more efficient has seen off its first legal challenge, sources said on Wednesday. It is expected to lead to a wave of mergers between mid-sized lenders that could create Italy's third biggest bank,...

  • LONDON, Oct 6- World stocks were heading for a fifth straight day of gains on Thursday and their best run since April, helped by bets on more support from the world's main central banks and as oil climbed back to $50 a barrel. Asian markets had been lifted to a two-week highs by what looks to set to be the most generous Trans-Pacific trade deal in a generation and Europe...

  • INVESTMENT FOCUS-Time ticks on "Buy Europe" trade Friday, 2 Oct 2015 | 12:16 PM ET

    LONDON/ MILAN, Oct 2- Despite a bruising reversal this summer and the worst quarterly performance since 2011, the "Buy Europe" equity trade is still on for investors looking to tap a regional recovery fed by plentiful central-bank cash. But beneath the surface bullishness surrounding Europe- which has attracted investment inflows in 18 out of the past 20 weeks,...

  • Extending QE challenges ECB's bond holding limits Wednesday, 30 Sep 2015 | 11:17 AM ET

    *ECB could hit bond limits in Portugal, Finland, Germany. Analysts say this would happen first in Portugal and Finland, followed closely by the most important euro zone member, Germany. If the ECB hits those limits in Germany, it could, in theory, buy other low-risk German assets such as corporate debt or government agency debt.

  • BRUSSELS/ FRANKFURT, Sept 30- Euro zone inflation turned negative again in September as oil prices tumbled, raising pressure on the European Central Bank to beef up its asset purchases to kick start anemic price growth. Long term inflation expectations have dropped to their lowest since February, before the ECB's asset purchases started, as China's economic...

  • BRUSSELS/ FRANKFURT, Sept 30- Euro zone inflation turned negative again in September as oil prices tumbled, raising pressure on the European Central Bank to beef up its asset purchases to kick start anaemic price growth. Long term inflation expectations have fallen to their lowest level since February, before the ECB's asset purchases started, as China's...