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Journalists seem to be outnumbering Cypriots standing in lines at banks in Nicosia. That's good news, right?
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NEW YORK/ LONDON, Dec 14- China's vast manufacturing sector grew in December and U.S. factories had their best month since April, surveys showed on Friday, adding to hopes that the world's top two economies were on the mend.
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LONDON/ BEIJING, Dec 14- China's vast manufacturing sector expanded in December but the euro zone is probably deeper in recession, business surveys suggested on Friday. China's data, however, may signal that the global economy is on the mend.
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MILAN, Dec 12- Italy lowered its borrowing costs at a one-year debt auction on Wednesday, clearing its first market hurdle since Prime Minister Mario Monti announced his intention to leave office early. "Investors saw Monday's sell-off as an opportunity to buy Italy at a cheaper price," said Chiara Corsa, strategist at Unicredit in London.
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*Focus is back on Italy/ Germany bond spread- analyst. *Exane strategists remain' overweight' Italy, Spain. PARIS, Dec 10- European shares fell on Monday, halting a brisk three-week rally, with Italy's benchmark index sinking nearly 4 percent after Prime Minister Mario Monti said he would resign, reviving fears about the country's economy.
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European shares closed higher on Monday, but Italian shares closed firmly in the red after political uncertainty surfaced, with Prime Minister Mario Monti announcing he will step down before his term ends.
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LONDON, Dec 10- Blue chip shares in France, Germany and the UK helped European stocks close higher on Monday, as political turmoil in Italy unnerved investors and prompted a flight to safety.
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BUCHAREST, Dec 9- Romania's prime minister was headed for victory in parliamentary elections on Sunday that could set off another round of a power struggle with the rightist president and complicate talks for a new IMF deal. Victor Ponta's leftist Social Liberal Union will win the most votes and possibly a clear majority, opinion polls showed.
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LONDON, Dec 5- Euro zone countries' funding needs for 2013 are estimated at around 800 billion euros, slightly lower than for this year.
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LONDON, Dec 5- Spain's borrowing needs will jump in 2013, bucking the euro zone trend and nudging Madrid closer to requesting a bailout. Whether Madrid seeks international help or battles on solo to avoid the perceived stigma of a bailout will determine the cost of borrowing, not only for the euro zone's fourth biggest economy but also for its other members.
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*FTSEurofirst 300 ends 0.2 percent higher. LONDON, Dec 3- European shares hit a 17- month high but gave up most gains in a late sell-off on Monday after disappointing U.S. manufacturing data and on persistent concerns about the fiscal standoff in the United States. China is stabilising and Europe's fiscal problems seem not as bad as they appeared earlier.
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*UniCredit CEO sees no risk of hostile takeover. *Italian press say UniCredit vulnerable, foundations worried. MILAN, Nov 5- Italy's biggest bank denied on Monday there were any plans for a tie up with rival Intesa Sanpaolo after reports that UniCredit chief executive Federico Ghizzoni had been sounded out on the issue.
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*Job losses mostly in Switzerland, United States, Britain. *Q3 net loss of 2.172 bln Sfr vs Reuters poll 457 mln Sfr. Zurich- based UBS will focus on wealth management and a smaller investment bank, ditching much of the trading business that ran up $50 billion in losses in the financial crisis and is embroiled in a global LIBOR rate-fixing investigation.
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*Job losses mostly in Switzerland, United States, Britain. *Q3 net loss of 2.172 bln Sfr vs Reuters poll 457 mln Sfr. Zurich- based UBS will focus on wealth management and a smaller investment bank, ditching much of the trading business that ran up $50 billion in losses in the financial crisis.
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*Job losses mostly in Switzerland, United States, Britain. Zurich- based UBS will focus on its private bank and a smaller investment bank, ditching much of the trading business that ran up $50 billion in losses in the financial crisis, as well as a $2.3 billion hit, which trader Kweku Adoboli, now on trial on charges of fraud and false accounting, is accused of running up.
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*Job losses mostly in Switzerland, United States, Britain. Zurich- based UBS will focus on its private bank and a smaller investment bank, ditching much of the trading business that ran up $50 billion in losses in the financial crisis, as well as a $2.3 billion hit, which trader Kweku Adoboli, now on trial on charges of fraud and false accounting, is accused of running up.
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*Job losses mostly in Switzerland, United States, Britain. Zurich- based UBS will focus on its private bank and a smaller investment bank, ditching much of the trading business that ran up $50 billion in losses in the financial crisis, as well as a $2.3 billion hit from trader Kweku Adoboli last year, now on trial on charges of fraud and false accounting.
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*Q3 net loss of 2.172 bln Sfr vs Reuters poll 457 mln Sfr. Zurich- based UBS will focus on its private bank and a smaller investment bank, ditching much of the trading business that made most of its $50 billion in losses since the financial crisis began, including $2.3 billion by trader Kweku Adoboli, now on trial defending charges of fraud and false accounting.
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WASHINGTON, Oct 25- U.S. business investment showed signs of stalling in September, an indication that worries over a possible sharp tightening in the federal budget are already weighing on the economy.
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`` Spain is my favourite because we've got all sorts of hedges,'' said Elke Speidel-Walz, chief investment strategist for Germany at Deutsche Bank Private Wealth Management. ``This means the risk return is best in Spain.''.
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*Economic rot taking root in Germany, France. NEW YORK/ LONDON, Oct 24- Euro zone businesses suffered another dismal month in October as factory output plunged in Germany, the area's top economy and exporter, while conditions improved slightly for U.S. and Chinese manufacturers.