European shares closed lower on Wednesday, with investors shunning banking stocks after regulators announced penalties.» Read More
PARIS, Oct 12- Health checks on Europe's banks may reveal takeover targets, but because protectionist regulation across the region has yet to be addressed, any post- "stress test" tie-ups are likely to be along national lines and could make a splintered industry more so. The European Central Bank takes direct authority over the currency area's 120 top banks on Nov. 4...
*Deutsche Bank sees the euro falling to $0.95 by 2017. PARIS/ LONDON, Oct 8- The recent sharp slide in the euro and commodity prices is set to provide tailwind for European companies struggling against economic weakness, and soon break a streak of earnings downgrades that has already lasted 3-1/ 2 years. However, the euro's 10 percent drop in the past five months, and...
LONDON, Oct 2- European shares fell sharply on Thursday, with Italy's benchmark index recording its biggest one-day percentage drop in 19 months, after the European Central Bank gave fewer details than the market had expected about its plan to buy secured debt. The pan-European FTSEurofirst 300 index closed 2.4 percent lower at 1,335.11 points, the biggest...
LONDON, Oct 2- European shares fell sharply on Thursday, with Italy's benchmark index recording its biggest one-day percentage drop in 18 months, after the European Central Bank gave fewer details than the market had expected about its plan to buy secured debt. The pan-European FTSEurofirst 300 index closed 2.4 percent lower at 1,335.11 points, the biggest...
LONDON, Oct 2- Euro zone bond yields rose on Thursday after the European Central Bank gave no new hints of an imminent sovereign bond buying programme, leading some in the market to scale back bets on this happening. ECB President Mario Draghi said after its latest policy meeting that it would buy bundles of loans and other forms of secured debt from mid-month in an...
*Europe stocks slump after ECB disappoints. *Wall Street edges lower after global sell-off. Wall Street opened slightly lower after a sharp sell-off the previous session but it was Europe that remained under fire, with stocks tumbling anew after the European Central Bank's monthly meeting left markets feeling unsatisfied.
LONDON, Oct 2- European equities extended losses late on Thursday, with a benchmark index hitting a six-week low after the European Central Bank gave less details about its plan to buy secured debt than the market had expected. The planned moves are an attempt to kick start a languishing euro zone economy, despite misgivings in Germany and elsewhere, after...
*NPLs unsustainable in Romania, Bulgaria, Croatia, Serbia. LONDON, Sept 30- The ECB's health check of European banks could force some lenders to rethink their strategy in central and eastern Europe and even withdraw from parts of the region, according to the European Bank for Reconstruction and Development's new regional banking expert.
Sept 30- Following are the results of a monthly Reuters poll of 15 economists on Russia's economic and foreign exchange outlook. For a story on poll click on.
Italian Prime Minister Matteo Renzi on Monday overcame fierce opposition to get backing to make it easier to fire workers.
*Allianz tumbles 6 pct as Gross leaves Pimco. PARIS, Sept 26- European shares trimmed gains in afternoon trade as shares of German insurer Allianz plunged on news that fund manager Bill Gross was leaving Allianz's asset-management unit Pimco.
*UniCredit, Santander to hold around one third each of new entity. MILAN, Sept 23- Italian bank UniCredit SpA and Spain's Santander SA are in talks to merge their fund management businesses and create a European powerhouse overseeing some 350 billion euros of assets.
*UniCredit selling up to 50 pct stake in asset manager unit. Sept 23- Spanish bank Santander and Italian rival UniCredit are close to a deal to combine their asset management businesses to create a European fund managing powerhouse, sources close to the matter told Reuters.
FRANKFURT, Sept 18- The European Central Bank saw far less demand than expected on Thursday for its new four-year loans to banks, raising doubts about a stimulus package it hopes will stave off deflation and revive the euro zone economy.
LONDON, Sept 11- Spanish bond yields inched up on Thursday as nervous investors continued to trim holdings before a Scottish independence vote on Sept. 18, where a victory for nationalists would fuel demands by Catalonia to break away from Spain.
LONDON, Sept 10- Some European banks being checked by regulators for signs of capital weakness may be sitting on up to a trillion dollars of potentially unsafe assets because their holdings of sovereign bonds are not being fully risk assessed, a new study has found.
*Telecom Italia says America Movil may join Brazil unit bid. LONDON, Sept 9- European equities steadied after choppy early trading on Tuesday as gains for shares in companies including Telecom Italia and ABB were offset by weaker energy shares following a sharp decline in crude oil prices.
CERNOBBIO, Italy, Sept 7- The annual meeting of Italy's business elite on the shores of Lake Como was- again- dominated by calls for reforms and gloomy discussion of an economic crisis now well into its sixth year.
*Jackson Hole speech increases QE expectations. LONDON, Sept 4- Euro zone bond yields dipped on Thursday as the European Central Bank was expected to reinforce its message that it was ready to use all its tools, including bond-buying, to support the economy and lift inflation.
LONDON/ BUDAPEST, Sept 3- Banks in central and eastern Europe risk missing out on beneficial foreign investment if they fail to step up efforts to provide clearer information about their financial health. Austria's Erste had a profit-warning in July because of troubles in Hungary and Romania.