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UniCredit SpA

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  • *Pirelli shareholder Camfin says in talks with industrial partner. MILAN, March 20- China National Chemical Corp is close to becoming the biggest single shareholder in Pirelli in a deal that would trigger a 7 billion euro buyout of the Italian tyre company. Three sources familiar with the deal, which would be the latest in a string of Chinese investments in large...

  • *Pirelli shareholder says in talks with industrial partner. MILAN, March 20- China National Chemical Corporation is close to striking a deal with the top shareholder in Pirelli that could see it take control of the Italian tire company, two sources familiar with the matter said on Friday. Earlier on Friday Camfin said it was in talks with "an international...

  • *Pirelli shareholder says in talks with industrial partner. MILAN, March 20- Camfin, a key shareholder in Pirelli, said on Friday it was in talks with an international industrial partner to sell its 26.2 percent stake in the Italian tyre company. The investment firm said the deal under discussion envisaged the transfer of the whole of its stake in Pirelli to a new...

  • MILAN, March 19- Shares in Pirelli jumped as much as 5 percent on Thursday after an Italian daily said the tyre maker was working on a revamp plan that includes taking an Asian partner, the launch of a buyout offer and the de-listing of the group. According to Corriere della Sera, Pirelli Chairman Marco Tronchetti Provera wants to bring on board an Asian shareholder...

  • LONDON, March 19- Investors who took the extra risk of holding longer-dated euro zone bonds at the start of the year are being better rewarded than those who took the risk of seeking higher yields in lower-rated debt, data shows. The technicalities of the European Central Bank's trillion-euro bond buying program have also boosted the returns offered by "...

  • However, South Africa's rand, Turkey's lira and the Brazilian real all eased against the greenback ahead of the Fed's policy statement, widely anticipated to lay the ground for the first U.S. interest rate hike in nearly a decade later in the year. In Moscow, both dollar and rouble-denominated shares gained ground while in Israel shares rose 0.6 percent after...

  • LONDON, March 17- A 15 percent rally in European shares this year has driven valuations to seven-year highs, leading investors to seek whatever bargains are left in distressed sectors such as banks and mining. The rally, fuelled by the European Central Bank's asset-purchase progamme, has pushed the average price-to-book multiple on the STOXX Europe 600 index...

  • WASHINGTON, March 12- Commerzbank AG has agreed to pay U.S. authorities $1.45 billion to resolve sanctions and other violations, the latest big European bank to acknowledge moving funds through the U.S. financial system for countries like Iran and Sudan. Commerzbank is the latest in a series of big foreign banks that have been penalized for sanctions-related...

  • WASHINGTON, March 12- Commerzbank AG has agreed to pay U.S. authorities $1.45 billion to resolve sanctions violations, the latest big European bank to acknowledge moving funds through the U.S. financial system for countries like Iran and Sudan. Commerzbank is the latest in a series of big foreign banks that have been penalized for sanctions-related...

  • MILAN, March 1- Malacalza Investimenti agreed on Sunday to buy 10.5 percent of Banca Carige from the Carige banking foundation in a 66.2 million euro deal that makes the family controlled holding the biggest investor in the mid-sized Italian lender. The deal with Malacalza is expected to be completed by the start of the second quarter and is conditional on...

  • *Germany's DAX share index sets new record high. *Royal Bank of Scotland falls after reporting losses. Germany's DAX set a new life-time high, the pan-European FTSEurofirst 300 and the broader STOXX 600 share indexes climbed to their highest level in more than seven years, and France's CAC touched its highest level since mid-2008.

  • European stocks set new multi-year highs, InBev helps Thursday, 26 Feb 2015 | 10:26 AM ET

    *Royal Bank of Scotland fall after reporting losses. LONDON, Feb 26- Major European share indexes climbed to new multi-year highs on Thursday, with the world's largest brewer Anheuser-Busch InBev leading the food and beverages sector higher after announcing a sharply higher dividend and a share buyback plan. Belgium- based InBev rose 3.2 percent after...

  • LONDON, Feb 24- Portugal's government debt market is likely to benefit more than any other in the euro zone from the European Central Bank's bond-buying programme that starts next month. While Portugal's total debt is one of the highest in the bloc, having been bailed out by the International Monetary Fund and the European Union during the debt crisis, its stock...

  • LONDON, Feb 18- Stocks continued their relentless march higher on Wednesday as investors shrugged off the protracted uncertainty surrounding Greece's debt negotiations with its creditors, pinning their hopes that a deal will be reached by the end of the week. Europe's main bourses followed Asia and Wall Street higher. In early trade the FTSEuroFirst 300...

  • *Tsipras says in six months Greece will be "different country". ATHENS, Feb 15- Greece said on Sunday it was confident of reaching agreement in negotiations with its euro zone partners but reiterated it would not accept harsh austerity strings in any debt pact. A day before a euro zone finance ministers' meeting in Brussels to shore up Greece's dwindling finances...

  • *Tsipras says in six months Greece will be "different country". A day before a euro zone finance ministers' meeting in Brussels to shore up with Greece's dwindling finances and help keep it in the euro zone, Prime Minister Alexis Tsipras told Germany's Stern magazine Athens needed time to implement its reform program and shake off the mismanagement of the past.

  • France up just 0.1 percent, expects better 2015. BERLIN/ PARIS, Feb 13- Germany's economy grew by a robust 0.7 percent in the last quarter of 2014, well above forecasts, while France continued to wallow, official data showed on Friday. Domestic demand lifted Germany out of its mid-year lull and allowed it to achieve 2014 growth of 1.6 percent.

  • MILAN, Feb 12- UniCredit has signed a deal to sell its UCCMB bad loan management unit and a pool of non-performing loans to U.S. investment firm Fortress Investment Group, as the Italian bank sheds non-core assets to boost its balance sheet. UniCredit said on Thursday the bad loan portfolio being sold had a gross book value of 2.4 billion euros.

  • European shares pegged back by Greek angst Wednesday, 11 Feb 2015 | 12:41 PM ET

    *Capital concerns weigh on UniCredit. LONDON/ PARIS, Feb 11- European shares slipped on Wednesday, with investors uneasy over how euro zone ministerial meetings on Greece's debt crisis will pan out, while a fall in UniCredit weighed on bank stocks. "The big disappointment majors on capital," said Jefferies equity analyst Joseph Dickerson, commenting on UniCredit.

  • *Stocks, euro slip lower before euro zone meetings on Greece. *Russian, Ukraine markets sag before Minsk meeting. LONDON, Feb 11- European stocks and the euro fell on Wednesday and the dollar rose as Greece and the euro zone edged closer to confrontation.