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  • BRUSSELS, July 26- European Union authorities are making contingency plans for the possible winding down of Banca Monte dei Paschi if the Italian lender has a poor reading in stress tests this week and no private or public support is available, an EU official said. The European Banking Authority, an EU agency, will announce on Friday results of the tests conducted...

  • *Vivendi confirms it now only wants 20 pct of pay TV. MILAN/ PARIS, July 26- French tycoon Vincent Bollore has backed away from a deal to buy the pay-TV business of Silvio Berlusconi's Mediaset in an unexpected move that the Italian broadcaster's biggest shareholder said could lead to a full takeover. Fininvest, the Berlusconi holding company that owns 35 percent...

  • Adds details, closing prices) Adds details, updates prices). MILAN/ LONDON, July 26 (Reuters)- Gains in major healthcare and consumer goods stocks propped up European equities on Tuesday, offsetting persistent concerns over the region's banking system. Berkeley Futures associate director Richard Griffiths said those stocks were benefiting from being...

  • MILAN, July 26- Vivendi has backed away from a deal to buy the pay-TV business of Mediaset in an unexpected move the Italian broadcaster's biggest shareholder said could mean that a full takeover was on the agenda. Mediaset, controlled by the family of former Italian Prime Minister Silvio Berlusconi, said on Tuesday Vivendi had proposed an alternative...

  • MILAN— Italian bank Unicredit is overhauling its management as part of moves to improve the bank's financial health. Unicredit CEO Jean Pierre Mustier said the changes, announced Tuesday, are the first step "in the simplification of the group," with an aim to "streamline and improve its efficiency." Key appointments include GianniFranco Papa as general manager...

  • Adds details, closing prices) Adds details, updates prices). MILAN, July 26 (Reuters)- European shares fell slightly on Tuesday as weaker bank and oil sectors weighed, with Commerzbank among the biggest fallers after the German lender disappointed with a decline in second-quarter core capital. The pan-European STOXX 600 index was down 0.4 percent to 339.5 points...

  • ROME/ MILAN, July 26- Specialist Italian pension funds have agreed to a government call to invest in bad bank loans, as Rome works to build a safety-net around Italy's No. 3 lender Monte dei Paschi ahead of European bank stress test. The Tuscan bank, which has one of the heaviest bad loan burdens in Italy, is likely to be found short of capital under an adverse scenario...

  • ROME/ MILAN, July 25- Specialist Italian pension funds will consider a request to invest 500 million euros in bad bank loans as Rome works to build a safety-net around Italy's No. 3 lender Monte dei Paschi ahead of European bank stress tests. The Tuscan bank, which has one of the heaviest bad loan burdens in Italy, is likely to be found short of capital under an adverse...

  • *William Hill surges on bid interest. LONDON/ MILAN, July 25 (Reuters)- European shares inched higher on Monday, with low-cost airline Ryanair climbing after it issued a bullish outlook while shares in William Hill surged on bid interest from its rivals. Germany's DAX rose 0.5 percent after the IFO business morale survey showed the resilience of Europe's biggest...

  • ROME/ MILAN, July 25- Specialist Italian pension funds will consider a government request to pour money into a bank bailout fund at a meeting on Monday, days before European stress tests are expected to show the country's third-largest lender is in need of urgent capital. Monte dei Paschi, Italy's third-biggest bank by assets, is likely to be found short of capital...

  • Pierre Moscovici, European commissioner for economic and financial affairs, says global leaders have a lot to do when it comes to the future of Europe, in light of Italy’s banking situation and Brexit.

  • Italy Banks BOJ

    OCBC Bank's Vasu Menon explains that European banks' credit default swap spreads and bond yields are still relatively stable.

  • A worker stands on piles of industrial products before exporting, at a port of Lianyungang, China

    China is making efforts to reform its debt-laden economy, but authorities could do even more, the IMF's First Deputy MD David Lipton says.

  • Italy Banks

    Italy's Finance Minister Pier Carlo Padoan says there's only one Italian bank that is facing challenges, which can be resolved through market solutions.

  • EU Stress Test

    Bank of Singapore's Richard Jerram says Italian banks are a particularly concern of the EU stress test because of the lack of a clear solution.

  • EU Future

    European Commissioner for Economic and Financial Affairs Pierre Moscovici says the tests will likely show that the banking sector is in much better shape.

  • OECD Italian Banks PKG

    OECD Secretary-General Angel Gurria says no other EU member will leave the bloc because of how complicated, disruptive and costly the process is.

  • Brexit Process PKG

    IMF First Deputy MD David Lipton tells CNBC that U.K.-EU negotiations need to be amicable so they don't create unnecessary uncertainty.

  • Italian Banks PKG

    Bank of Italy Governor Ignazio Visco says it is not the entire Italian banking system that has issues with capital and non-performing loans.

  • HONG KONG, July 24- High-end lingerie sales are outpacing China's generally downbeat luxury market, and heating up competition between international brands and local rivals looking to go upmarket. U.S. brand Victoria's Secret will open its first store, and companies including Italy's ultra-luxury La Perla and Germany's Triumph are adding stores and moving...