Italy’s banks are “quite well-prepared” for the upcoming European stress tests, the second-in-command at the central bank told CNBC.» Read More
*BNP slumps on report of possible $10 billion fine. LONDON, May 30- European shares fell on Friday, with BNP Paribas leading the market lower after a report saying the U.S. Justice Department was pushing the French bank to pay more than $10 billion to resolve a criminal probe.
*Pirelli to open 200 outlets at Rosneft stations by 2019. *Rosneft entity signs binding deal to buy Pirelli stake. MILAN, May 24- Italian tyremaker Pirelli has agreed with Rosneft to open more than 200 retail outlets at the Russian oil group's filling stations and cooperate in synthetic rubber production, Pirelli said in a statement on Saturday.
*Shares in Russia- exposed firms slip on Ukraine crisis. LONDON, May 23- Russia, which once promised rich pickings for European firms highly exposed to the country, now looks more like a liability for them as the economy struggles and investors worry the Ukraine crisis is set to fester.
LONDON, May 22- Italy's largest infrastructure fund F2i plans to sell up to 49 percent of F2i Aeroporti, which holds stakes in some of the country's main airports, in a deal that sources said could raise up to 500 million euros.
*Central bank highlights corporate bad loans. BUDAPEST/ LONDON, May 22- Hungary's central bank proposed regulatory action on Thursday to encourage commercial banks to clean bad corporate loans from their books, a move which could improve their ability to lend and accelerate a shake-up of the sector.
*Italy vs Spain emerges as key pre-election trade. LONDON, May 20- Yields on the euro zone's lower-rated bonds rose on Tuesday amid concern this week's European Union elections might derail domestic economic reforms.
*Italy vs Spain emerges as key pre-election trade. LONDON, May 20- Yields on the euro zone's lower-rated bonds rose on Tuesday, as investors grew increasingly nervous about the outcome of this week's EU elections, which could derail domestic economic reforms.
Credit Suisse up after tax settlement. LONDON, May 20- The pan-European FTSEurofirst 300 index slipped on Tuesday as Vodafone, the world's second-largest mobile network operator, sank after reporting huge impairment costs.
LONDON, May 20- Yields on the euro zone's lower-rated bonds inched lower on Tuesday, but stayed well above their record lows as investors grew nervous about the outcome of this week's European elections. But political fears have clearly come to the surface, "said Nick Stamenkovic, a bond strategist at RIA Capital Markets.
*Russia courts cautious Asia, banks with franchises. LONDON, May 19- Most Western banks are shunning Russia's syndicated loan market as a result of the Ukraine crisis and could stay away for a year or more, despite the potential loss of more than $45 billion in business.
*March output down 0.3 pct m/m, falls 0.1 pct y/y. *Energy output drops 11.9 pct y/y, biggest fall in 5 years. BRUSSELS, May 14- Euro zone industrial output unexpectedly fell in March on the year for the first time since August as energy production slumped, data showed on Wednesday, in what could point to slower economic growth going into the second quarter.
*Airbus, ThyssenKrupp help industrial shares. LONDON, May 13- European equities ended higher on Tuesday, with some benchmarks hitting multi-year highs following upbeat company results from major companies such as aerospace giant Airbus and steelmaker ThyssenKrupp.
*Airbus, ThyssenKrupp help industrial shares. Airbus Group surged 6.3 percent in a relief rally after it reported better-than-expected profits and said its latest jetliner was "progressing towards certification" in time for first delivery by the end of the year.
Italy’s largest lender returned to profitability in the first quarter, as it cleaned up its balance sheet ahead of euro zone bank health checks.
*Crude oil up on rising Ukraine tensions. NEW YORK, May 12- Global equity markets surged on Monday, with the Dow industrials and S&P 500 hitting record closing highs, as Wall Street advanced in a broad rally spurred Prices of U.S.
*Crude oil up on rising Ukraine tensions. NEW YORK, May 12- Global equity markets surged on Monday, with the Dow industrials hitting a record high as stocks advanced in a broad rally spurred by strong corporate results and an improving economic outlook.
LONDON, May 12- European shares hit six-year highs on Monday, lifted by strong results from Italian companies including the country's largest bank, UniCredit, and by mergers& acquisition activity.
MILAN, May 12- UniCredit's talks to sell its operations in Ukraine have slowed because of the political turmoil there and it was difficult to predict the outcome, the Italian bank's chief executive said.
LONDON, May 12- European shares scaled six-year highs on Monday, led by Italian companies after strong results from the country's biggest bank, UniCredit, among other firms.
*To give outlook update for Russia on May 13. PARIS, May 7- Societe Generale, France's second-largest listed bank, has written down the acquisition value of Russian arm Rosbank by 525 million euros, blaming the economic uncertainty caused by Russia's soured relations with Ukraine.