European benchmarks closed higher, although gains were capped by weakness seen in the Italian and Spanish markets.» Read More
With Ukrainian and Western banks closing, Crimea's 2 million people have been forced to deal with a cash economy since Russia annexed the Black Sea peninsula last month- an illustration of the economic obstacles that might lie ahead for a contested region.
*Bank of Japan maintains monetary policy as expected. European shares and bonds both opened cautiously, amid renewed tension in Ukraine and signs the European Central Bank may not be as eager to begin large-scale stimulus as had been hoped.
LONDON, April 4- European shares edged higher on Friday, heading for a ninth straight day of gains, as investors bet a jobs report would show recent weakness in the U.S. economy was caused by a harsh winter and its recovery was on track. Societe Generale predicted that better weather and demand for workers led employers to add 275,000 jobs.
LONDON, April 4- European shares advanced for a ninth straight session on Friday, with investors betting a U.S. jobs report would show recent economic weakness was due to the cold winter and that the recovery remains on track.
MILAN, April 3- U.S. fund manager BlackRock, which has been on a shopping spree in Italy over the past six weeks, is now the biggest shareholder in Italian cooperative lender Banco Popolare with a 6.85 percent stake.
*Madrid's IBEX surges after strong Spanish PMIs. PARIS, April 3- European shares rose on Thursday, with some benchmark indexes hitting multi-year highs, after the European Central Bank opened the door for unconventional measures to thwart the risk of deflation. Madrid's IBEX rose 1.4 percent to 10,584.1 points, a level not seen in nearly three years.
NEW YORK, April 3- Global equity markets traded slightly lower on Thursday as a larger-than-expected rise in U.S. jobless claims kept investors on edge a day ahead of the government's monthly labor market report, while the dollar rose against the euro after the European Central Bank pledged action if needed to battle low inflation.
*Madrid's IBEX outperforms after strong PMIs. PARIS, April 3- European shares rallied on Thursday, with some national indexes hitting multi-year highs, after the European Central Bank opened the door for unconventional measures to thwart the risk of deflation. Madrid's IBEX surged 1.7 percent, to 10,602.6 points and hitting a near-three year high.
ROME/ ABU DHABI, April 2- Etihad Airways has finished examining Alitalia's books and will soon present a plan to revamp the loss-making Italian airline that is likely to include demands for job cuts and debt restructuring, several sources familiar with the matter said.
NEW YORK/ LONDON/ BEIJING, April 1- Manufacturing in Asia and Europe finished the first quarter on a weaker note but activity in the United States remained relatively steady, suggesting severe winter weather in North America had only a modest effect on U.S. factories.
LONDON/ BEIJING, April 1- Major economies in Asia and Europe finished the first quarter on a weaker note, with key manufacturing surveys fuelling expectations policymakers may be forced to act in coming months to prop up faltering growth.
*Novartis rises on positive results for heart drug. LONDON, March 31- European equities hit a three-week high on Monday, with Novartis stronger due to good results for its heart drug and miners performing well on expectations that China might stimulate its economy.
*Euro zone's Euro STOXX 50 index sets 5-1/ 2- year peak. LONDON, March 31- European equities rose for a fifth straight session to a three-week high on Monday on growing speculation that the European Central Bank could ease its policy and China might take steps to stimulate its economy.
*Joins rival UniCredit in cleaning up balance sheet ahead of EU review. MILAN, March 28- Intesa Sanpaolo, Italy's biggest retail bank, posted a surprise net loss of 4.55 billion euros on Friday due to heavy writedowns on bad loans and impairments on some units, but said it was now on course to rebuild profits.
MILAN, March 28- Intesa Sanpaolo, Italy's biggest retail bank, posted a net loss of 4.55 billion euros on Friday, due to heavy writedowns on bad loans and impairments on some units, but said it was now on course to rebuild profits.
LONDON, March 25- European banks such as Societe Generale, Credit Agricole and Unicredit will likely have to pay investors a higher return to buy the risky bonds that banks use to strengthen their balance sheets after the crisis in Ukraine forces a rethink about the potential dangers from such investments.
Eurozone governments are taking advantage of unexpectedly low borrowing costs to push ahead with debt issuance, the FT reports.
Chief executive of Italy's largest insurer, Mario Greco, says dividend boost should send a clear message of confidence to investors.
The CEO of UniCredit has told CNBC the bank will focus on "growth and profitability" after reporting a record annual net loss of $19.4 billion.
European stocks closed mixed on Tuesday as as the crisis in Ukraine curbed enthusiasm for riskier assets.