MADRID (Reuters) - Spain's Bankia on Saturday prepared to sell stakes it holds in companies as part of its clean-up after a state rescue of the real estate-laden bank that has so far cost 23.5 billion euros ($29.40 billion).
(Reuters) - Central banks and companies risk making a grave error if they do not brace for a possible Greek exit from the euro zone, Belgium's foreign minister said on Friday, rattling markets already alarmed by Spain's deteriorating finances.
LONDON (Reuters) - Perceived differences between France and Germany over how to solve Europe's debt crisis are "largely overstated", International Monetary Fund chief Christine Lagarde said in an interview published on Friday.
PARIS (Reuters) - The leaders of France, Germany, Spain and Italy will meet in Rome on June 22 to discuss the euro zone crisis, the French newspaper Le Figaro said on Saturday, citing Italian government sources.
DUBLIN (Reuters) - Irish support for Europe's new fiscal treaty remains strong less than a week before the only popular vote on plans for stricter budget discipline is held, although a large block of undecided voters could still have a decisive say.
MADRID (Reuters) - The extent of potential losses at Spain's Bankia, which has been rescued by the state to the tune of 23.5 billion euros, cannot be extrapolated to the country's banking system as a whole, Chairman Jose Ignacio Goirigolzarri told analysts on Saturday.
ZURICH (Reuters) - UBS AG <UBSN.VX> could see up to 10 percent of its European assets of 300 billion Swiss francs ($312.52 billion) moved out due to pressure to clamp down on untaxed accounts, the head of the wealth management business was quoted as saying on Saturday.
ROME (Reuters) - Italian Prime Minister Mario Monti faced protests and catcalls on Saturday as he defended tax authorities against attacks fuelled by his government's unpopular austerity measures.
TOKYO (Reuters) - Japanese chipmaker Renesas Electronics Corp plans to sell off loss-making operations and cut its payroll by at least 12,000, a source close to the matter told Reuters on Saturday, as the company battles high costs and nimbler foreign rivals.
(Reuters) - Dead silence.
ATHENS (Reuters) - Greece's conservative New Democracy party, which backs the country's international bailout, has a slight lead over the leftist SYRIZA, which opposes it, an opinion poll showed on Saturday ahead of a June 17 election.
ATHENS (Reuters) - An opinion poll published on Saturday showed Greece's conservative New Democracy party, which backs the international bailout, having a slight lead over the leftist SYRIZA, which opposes it, ahead of the June 17 election.
BRUSSELS (Reuters) - The United States and Japan need to tackle their tax issues and China must relax restrictions on the yuan as they share responsibility with Europe for restoring global economic health, EU leaders said ahead of a June summit of the G20 economies.
TOKYO (Reuters) - Japan's securities regulator will seek a fine against a fund management arm of Sumitomo Mitsui Trust Holdings <8309.T> for insider trading for the second time and believes an employee of broker Nomura Holdings <8604.T> was again the source of the leak, two people with direct knowledge of the matter said.
NEW YORK (Reuters) - Stocks ended their first positive week in four with a down day on Friday as investors were reluctant to buy going into a long weekend, with uncertainty still swirling around Europe.
MADRID (Reuters) - Spain's Bankia said on Saturday that it could sell its stakes in Spanish companies in future, a day after it asked the state for a 19 billion euro ($23.77 billion) bailout, the biggest ever bank rescue in the country.
MUSCAT (Reuters) - Omani lender Bank Nizwa, the sultanate's first Islamic bank, attracted 681 million rials ($1.77 billion) of bids in its initial public offer of shares, 11 times the sum which it was raising, the lead manager for the IPO said on Saturday.
MADRID (Reuters) - Bankia's chairman Jose Ignacio Goirigoizarri said on Saturday he did not envisage converting about 4 billion euros ($5.00 billion)in preference shares held by investors into capital.
MADRID (Reuters) - Bankia's chairman said on Saturday that a merger of the troubled bank with its parent group BFA was not on the table for now.
(Reuters) - Billionaire investor Carl Icahn revealed he had bought a 7.6 percent stake in Chesapeake Energy Corp <CHK.N> and called for the natural gas producer to replace at least four directors, saying the board has failed "in a dramatic fashion" in its oversight of management.