Alexander Proschofsky, the leader of a shareholder revolt against Julius Meinl over the management of his bank, is a rare example of an activist investor in a culture where consensus is the norm.» Read More
MILAN, Nov 13- Italian airline Alitalia is likely to extend the deadline for subscribing to a capital increase at Wednesday's board meeting to give major shareholder Air France-KLM more time to sign up.
LONDON, Nov 13- Banks and miners led European shares lower around midday on Wednesday as uncertainty over the future of equity-friendly monetary stimulus sapped the appetite for risk.
MILAN, Nov 6- Italy raised a record 22.3 billion euros from the sale of a four-year inflation-linked bond that concluded on Wednesday, with institutional players snapping up paper aimed at small investors. Italy has now met nearly 95 percent of its annual funding goal and analysts said they expected the Treasury to cancel its mid-December bond sales.
MILAN, Nov 5- Italy raised almost 17 billion euros from the first day of sales of a new government bond tied to inflation targetted at small investors, giving it more leeway to reduce its international borrowing for the rest of the year.
LONDON, Nov 5- Spanish bond yields bounced off six-month lows on Tuesday, as investors shuffled portfolios before a debt sale in a market hit by uncertainty over whether the European Central Bank would flag further monetary easing. But on Tuesday, investors were making room for the 3- 4 billion euros of 2018, 2023 and 2026 bonds on offer on Thursday.
LONDON, Nov 4- Increased prospects of a European Central Bank interest rate cut this year sent the euro to a six-week low on Monday and boosted the region's share markets, which extended gains on robust manufacturing data.
VELIZY, France, Nov 3- Installation art, interactive walls and a robot doorman; the flagship branches of the world's top banks have come a long way from the iron grilles and potted plants of old.
LONDON, Nov 1- Hedge funds are clamouring for Portuguese banks to end a four-year absence from the junior bond market after successful issues from Italy's UniCredit and Spain's CaixaBank, debt bankers said on Friday.
LONDON, Oct 28- A four-month, largely indiscriminate rally in Europe's banking shares is under threat, as the European Central Bank's asset quality review lays bare the shortfalls of weaker institutions.
MILAN, Oct 28- Italy's two-year yields hit their lowest level since May at an auction of zero-coupon bonds on Monday as expectations of abundant liquidity both in Europe and the United States supported shorter maturities.
FRANKFURT, Oct 23- The European Central Bank vowed on Wednesday to submit the euro zone's top banks to a comprehensive batch of tests next year, staking its credibility on a review that aims to build confidence in the sector.
FRANKFURT, Oct 23- The European Central Bank will outline on Wednesday how it plans to scrutinise top euro zone lenders before becoming their supervisor in a new role that puts its credibility on the line.
LONDON, Oct 21- The FTSEurofirst 300 index edged up to a new five-year high on Monday, helped by a record peak on Wall Street, strong earnings and expectations the U.S. Federal Reserve will maintain its easy policy. Dutch paints and chemicals company Akzo Nobel surged 6 percent after results.
*China Q3 growth quickens to 7.8 pct yr/yr. *Gold heads for best week in two months. Wall Street was expected to add around 0.2 percent to Thursday's record close for the S&P 500 when trading reopens, with analysts already digesting results from two of its big fish, General Electric and Morgan Stanley.
*China Q3 growth quickens to 7.8 pct yr/yr. *Gold heads for best week in two months. LONDON, Oct 18- Expectations the Federal Reserve will keep its stimulus in place for longer following the confidence-sapping U.S. fiscal impasse pushed world shares to a five-year high and the dollar to an eight-month low on Friday.
LONDON, Oct 17- It will be a jittery 18 months for Ukraine's international creditors, who are weighing up its $60 billion- plus debt repayment schedule against its fast-diminishing hard currency reserves.
LONDON, Oct 14- European equities were little changed on Monday as weakness in technology shares, after a warning from Dassault on revenue growth, offset gains in defensive stocks. Concerns about any impact from the U.S. budget impasse and fears of slower growth in China hurt cyclicals most.
LONDON, Oct 14- European shares held steady early on Monday, with investors taking a cautious stance after U.S. politicians failed over the weekend to resolve budget issues and the world's biggest economy moved closer towards a debt default.
ROME, Oct 11- Italy's near-bankrupt Alitalia was thrown a lifeline on Friday when its board members- including cautious top shareholder Air France-KLM- approved a capital increase as part of a government-led 500 million-euro bailout.
MILAN, Oct 11- Italy's long-term cost of borrowing fell at an auction on Friday compared to a month ago, reflecting optimism from investors over U.S. budget talks and a clearing of the air in the domestic political scene.