Business News Madrid

  • WASHINGTON, June 24- The U.S. Supreme Court on Monday rejected Argentina's bid to fend off a lawsuit by energy company Petersen Energía Inversora, S.A. seeking compensation for shares it owned in the now-nationalized YPF S.A. energy company. The New York- based 2nd U.S. Circuit Court of Appeals in July 2018 rejected arguments by Argentina and YPF that the suit...

  • BRUSSELS, June 21- European Union leaders will meet again on June 30 to seek agreement on who should inherit the bloc's top jobs- including the head of its central bank- after failing to get a deal in talks dragging into the small hours on Friday. The 28 national leaders meeting in Brussels for secret deliberations- no aides or phones allowed- remained at odds over who...

  • BRUSSELS, June 21- European Union leaders will meet again on June 30 to seek agreement on who should inherit the bloc's top jobs- including the head of its central bank- after failing to get a deal at the second attempt in talks dragging into the small hours on Friday. The prominent positions, including the head of the European Central Bank and the EU's executive...

  • *Roles include presidencies of ECB and European Commission. BRUSSELS, June 20- Chances of EU leaders agreeing on Thursday on who should inherit the bloc's top jobs- including the head of its central bank- appeared vanishingly slim, as France and Germany cast doubt on any imminent deal and Ireland said electing a pope would be easier. The 28 national leaders meet in...

  • BRUSSELS, June 20- The European Union's 28 national leaders meet in Brussels on Thursday to haggle over how ambitious their climate goals should be and who should navigate the bloc in coming years. Power centers Berlin and Paris are at odds over who should take over the executive European Commission later this year, with German Chancellor Angela Merkel backing...

  • PARIS, June 18- IAG on Monday ordered 14 of Airbus' new long-range version of the A321 passenger jet for its Irish Aer Lingus and Spanish Iberia airlines in order to boost their transatlantic routes, the company said on Tuesday. "This will strengthen both Dublin and Madrid hubs providing new transatlantic routes and additional flexibility for connecting...

  • PARIS, June 14- Credit Suisse has re-hired banker Fabien Antignac, who left the bank almost a year ago, to head its European Union capital markets, the bank said on Friday. Antignac will be based in Madrid and will be responsible for capital markets businesses, including equity, debt and derivatives in the EU, the bank said. Antignac had held several positions at...

  • PARIS, June 14- Credit Suisse has re-hired banker Fabien Antignac, who had left the bank almost a year ago, to head its European Union capital markets, the bank said on Friday. "Antignac will rejoin Credit Suisse this summer," the bank said, adding that he will be based in Madrid and will be responsible for capital markets businesses, including equity, debt and...

  • *Madrid's bank-heavy stock index the only laggard. President Donald Trump's decision last week to hold off on imposing import tariffs on Mexico which sparked a relief rally across markets on Monday. Shares in industrial conglomerate ThyssenKrupp, which generates about $1 billion euros in Mexico, jumped 4.8% to the top of the DAX index.

  • *Berlusconi-controlled Mediaset to rehouse group in Amsterdam. Mediaset, controlled by the family of former Prime Minister Silvio Berlusconi, said a Dutch shell company would carry out a reverse takeover of both Mediaset, and Madrid- listed Mediaset Espana, issuing shares to owners of both. The family's voting rights, however, would be just above 50 percent,...

  • MILAN, June 7- Italian broadcaster Mediaset unveiled on Friday a corporate overhaul that would put the group, including its main overseas subsidiary in Spain, under a Dutch holding company and in a better position to pursue pan-European media alliances.

  • MEDIASET SAYS DUTCH HOLDING COMPANY MFE TO BE LISTED IN MILAN, MADRID.

  • June 6- European shares rose more than half a percent on Thursday, bolstered by expectations of stimulus from the European Central Bank and a rise for Fiat-Chrysler shares after the shock collapse of its merger with Renault-Nissan. The pan-European STOXX 600 index rose 0.6% by 0816 GMT, with bank-heavy indexes in Milan and Madrid both up nearly 1% on the...

  • June 5- European stock markets crept higher on Wednesday as defensive shares gained ground, but rising tensions between Italy and the European Commission over the country's debt dampened sentiment. The European Commission said Italy was in breach of EU fiscal rules due to its growing debt and this justified a disciplinary procedure, a position that firmly...

  • MILAN/ MADRID, June 3- Italy's Ferrero is famous for its red-and-white Kinder chocolate eggs. The confectionery giant, which runs its own gas-fired power plant near its factory in northern Italy, is in early talks to help finance a new clean energy plant, possibly a solar farm in the sunnier south, according to three sources familiar with the matter.

  • *Firms with Mexico exposure hit, Spanish lenders decline. May 31- European stocks tanked on Friday, with auto-makers hit especially hard, after U.S. "President Donald Trump is playing a Game of Thrones with both foreign and domestic adversaries," Ed Yardeni, president and chief investment strategist at Yardeni Research, wrote in a note.

  • BRUSSELS, May 28- German Chancellor Angela Merkel and French President Emmanuel Macron will lock horns in Brussels on Tuesday as European Union leaders meet to begin bargaining over who will take the bloc's top jobs for the next five years. The centrist European People's Party and Socialists& Democrats can only count on 326 seats in the new, 751- strong chamber.

  • *Tepid support for concept but banks will not fund new Remain bid. LONDON, May 7- While Britain debates the merits of a second Brexit referendum, London's financial centre is steering clear of the argument, resigned to the need to shift some business elsewhere. To prepare for Brexit, Banks have transferred billions of pounds in client assets to new European Union...

  • *To invest 400 mln euros in France over 3 years. *To launch odd-job site TaskRabbit in France over summer. To a soundtrack of Abba songs and with staff waving blue and yellow Swedish flags, IKEA opened the doors on Monday at its first store in central Paris, in the Madeleine district, which will be its 34th outlet overall in France.

  • Germany's DAX, which outperformed through most of the day, closed flat as software firm SAP weighed. Madrid's IBEX fell 1.6 percent. Fed Chairman Jerome Powell disappointed the doves on Wednesday, signaling little appetite to adjust interest rates anytime soon.