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  • *They say Russia targets softer southern/eastern EU states. MOSCOW, July 29- Vladimir Putin will step up Russia's campaign to end European Union sanctions with a visit to Slovenia on Saturday, encouraged by signs his tactic of lobbying what he views as more pliant southern and eastern European states is starting to pay off. Combined with American and Group of...

  • ROME _ Eni SpA on Friday reported a loss of $503.7 million in its second quarter. Eni SpA shares have risen slightly more than 2 percent since the beginning of the year. Keywords: Eni SpA, Earnings Report.

  • MILAN— The spotlight is on Italy's troubled banks as regulators prepare to release the results Friday of stress tests of EU lenders that will show how much money the country's financial sector, the most troubled in the region, needs to avoid rekindling a eurozone crisis. Banks in several countries could be shown to be financially weak, but Italy's are under...

  • LONDON, July 29- Euro zone yields rose with other global bond benchmarks on Friday after the Bank of Japan unveiled new monetary stimulus that fell short of market expectations. The BOJ modestly increased purchases of exchange-traded funds, but maintained its base money target at 80 trillion yen. The Bank of England meets next week and is expected to cut rates...

  • MILAN— Italian oil and gas company Eni says second-quarter losses widened to 446 million euros due to a prolonged downturn in low oil prices as well as oversupply and overcapacity in the gas and refining sectors. CEO Claudio Descalzi characterized the market as "weak but slowly improving." Production in the first half was 1.7 million barrels of oil equivalent a...

  • MILAN, July 28- Italy's third-biggest lender, Monte dei Paschi di Siena, has received a last-minute rescue proposal by Swiss bank UBS, just hours before it is due to unveil its own bailout plan to meet regulators' concerns over its stability. The bank said in a statement on Thursday night it had received two letters from UBS and former Italian Industry Minister...

  • *Wall St rebounds after disappointing Ford Motor results. NEW YORK, July 28- U.S. stocks mostly rose on Thursday in anticipation of results from tech heavyweights Alphabet and Amazon.com, while the yen eased after Reuters reported the Bank of Japan was considering expanding monetary stimulus to address signs of weak inflation. Expectations of further...

  • WASHINGTON— Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON— Commerce Department releases personal income and spending for June, 8:30 a.m.. TOKYO— Honda reports fiscal first quarter results.

  • LONDON/ MILAN, July 28- Italy's Monte dei Paschi di Siena,, which is scrambling to put together a privately backed bailout, suffered a setback on Thursday when three banks turned down a request to back a planned 5 billion euro cash call. The troubled lender is trying to pull together a banking consortium to guarantee its proposed capital increase in the next 24 hours...

  • LONDON, July 28- Morgan Stanley and Italian lenders UniCredit and Intesa SanPaolo have rebuffed a proposal by Italy's third-largest lender, Banca Monte dei Paschi di Siena, to back its proposed 5 billion euro cash call, a source familiar with the matter told Reuters. The troubled lender is trying to pull together a banking consortium to guarantee its proposed...

  • LONDON/ MILAN, July 28 (Reuters)- European shares fell on Thursday with Lloyds leading a weaker financial sector lower and disappointing earning updates from firms including oil major Royal Dutch Shell also weighing. Lloyds fell 5.8 percent after the British bank warned of a likely drop in demand caused by Britain's vote last month to quit the European Union,...

  • NEW YORK, July 28- Global stock markets fell on Thursday in the wake of disappointing U.S. and European corporate results while the dollar took its biggest tumble in almost two months after the U.S. Equity markets retreated after Royal Dutch Shell in Europe reported a more than 70 percent fall in quarterly profit that was well below analysts' estimates.

  • LONDON, July 28- Investors bought over 8 billion euros of new debt from Italy on Thursday, at some of the biggest premiums seen since early 2015, a day before Rome faces a crunch health check of its banks. It was against this backdrop that Italy sold 6.5 billion euros of five- and 10- year government bonds, along with up to 2 billion euros of floating-rate CCTeu...

  • Surfer wipeout

    Some EU banks struggled with U.S. stress tests. Now, they have to play at home.

  • LONDON, July 28- Investors bought over 8 billion euros of new debt from Italy on Thursday, at some of the biggest premiums seen since early 2015, a day before Rome faces a crunch health check of its banks. It was against this backdrop that Italy sold 6.5 billion euros of five- and 10- year government bonds, along with up to 2 billion euros of floating-rate CCTeu...

  • BMPS is epitome of the sector’s woes: Axiom

    Gildas Surry, senior analyst at Axiom Alternative Investments, says there could be an issue of contagion in both Italy’s and Europe's financial markets.

  • LONDON, July 28- Italian government bond yields edged up on Thursday as investors prepared for an auction of a new 10- year bond a day before European Union stress tests that are expected to highlight problems at some of Italy's banks. Italian benchmark bonds have underperformed their Spanish peripheral peers since Britain's June 23 vote to leave the European...

  • Italy has shaped euro banking industry for years: Axiom

    How bad will the ECB stress tests be for Italian banks? Gildas Surry, senior analyst at Axiom Alternative Investments, discusses which lenders will be in the spotlight.

  • LONDON/ MILAN, July 27 (Reuters)- European shares rose on Wednesday with the market underpinned by well-received earning updates from companies including Peugeot and LVMH, while Deutsche Bank fell after a poor update. German carmakers including Volkswagen rose, helping the auto-heavy German index DAX recover all the losses it made since UK's shock vote to...

  • LONDON/ MILAN, July 27- Italy's third-largest lender, Monte dei Paschi di Siena, has asked at least eight investment banks to guarantee a 5 billion euro cash call as it races to ease regulatory concerns over its stability, a source said. The health of the 544- year-old bank, the world's oldest, poses a threat to the wider Italian banking system, the euro zone's fourth...