Business News Milan

  • The changes under consideration include shutting down a bond trading platform called BondVision, and moving the management functions of Italian securities' clearing operations from Milan to London, the sources said. The British group is moving ahead with a $27 billion plan to buy Refinitiv after Hong Kong's bourse scrapped an unsolicited $39 billion bid...

  • MILAN, Oct 8- Milan prosecutors investigating an accounting scandal at the Italian unit of British Telecom have asked for the unit and 23 defendants, including three former top executives, to be sent to trial, three people with knowledge of the case said on Tuesday. The sources said the document filed by prosecutors, requesting a Milan judge to order a trial,...

  • LONDON, Oct 8- Copper prices slipped on Tuesday as investors feared that U.S.-Chinese trade talks would make little progress, but the metal was vulnerable to a squeeze higher due to heavy bearish positions, an analyst said. Washington blacklisted Chinese companies over Beijing's treatment of predominantly Muslim ethnic minorities while President Donald...

  • LONDON, Oct 8- Copper prices slipped on Tuesday as investors feared that U.S.-Chinese trade talks would make little progress, but the metal was vulnerable to a squeeze higher due to heavy bearish positions, an analyst said. Washington blacklisted Chinese companies over Beijing's treatment of predominantly Muslim ethnic minorities while President Donald...

  • According to a legal document seen by Reuters, the prosecutors claim a manager at Italy's Techint Group allegedly paid a total of around 6.6 million euros to the Petrobras executive over the period 2009 to 2014.. Techint, which is owned by Italy's Rocca family through its financial holding San Faustin, owns just over 60% of Tenaris. The prosecutors, who wrapped up...

  • LONDON, Oct 2- Royal Dutch Shell said on Wednesday that it had been informed by the U.S. Department of Justice that it had closed its inquiry into Shell over the 2011 $1.3 billion acquisition of a Nigerian offshore oilfield. Shell and Italy's Eni are both currently on trial in Milan on graft allegations revolving around the acquisition of the OPL 245 oilfield.

  • MILAN, Oct 1- The U.S. Justice Department has closed its investigations into alleged corruption by oil major Eni in Nigeria and Algeria without taking any action, the Italian energy group said on Tuesday. Eni, the biggest foreign oil and gas producer in Africa, is currently on trial in Milan on graft allegations revolving round the acquisition of a giant Nigerian...

  • MILAN, Sept 28- Italian prosecutors are investigating the wife of Eni's chief executive as part of a wider probe into allegations of corruption involving the oil and gas major in Congo Republic, a prosecution document seen by Reuters showed. State-controlled Eni has previously said it was under investigation by Milan prosecutors for corruption in Congo...

  • ZURICH, Sept 23- Switzerland's top court has allowed Geneva prosecutors to share with Italy material they seized more than three years ago that could shed light on a case involving oil majors Eni and Royal Dutch Shell and corrupt payments in Nigeria. In a ruling announced on Monday, the Federal Tribunal rejected Nigerian defendant Emeka Obi's appeal to prevent...

  • MILAN, Sept 23- Sanlorenzo has filed a request with the Milan stock exchange to list its shares and expects to launch the offering by the end of the year, the Italian luxury motor yacht maker said on Monday. Sanlorenzo plans to float up to 35% of its capital, offering both new and existing shares. "Proceeds deriving from the capital increase are intended to be used by...

  • MILAN, Sept 20- Italian luxury goods maker Tod's has budgeted for a potential hit from continuing unrest in Hong Kong and is seeing signs of progress with the brand's turnaround strategy, the head of the company said on Friday. Rival Moncler this week gave warning that the Hong Kong civil rights protests were denting sales in the area, spreading concerns across...

  • MILAN, Sept 20- Italian luxury goods maker Tod's has budgeted for a potential hit from continuing unrest in Hong Kong and is seeing signs of progress with the brand's turnaround strategy, the head of the company said on Friday. Rival Moncler this week gave warning that the Hong Kong civil rights protests were denting sales in the area, spreading concerns across...

  • *Europe's shares inch higher after Fed rate cut. Japan and Switzerland then kept their deeply negative interest rates on hold. The Brexit-constrained Bank of England sat on its hands, while an outlier hike in Norway also came with a hint it would be the last.

  • *Europe's shares inch higher after Fed rate cut. LONDON, Sept 19- A positive start in Europe nudged the main world share indexes and bond yields higher on Thursday, after the U.S. The Bank of Japan and Switzerland's central bank then both kept their deeply negative interest rates on hold.

  • *Banks snap 3- day losing streak. Sept 19- A rally in bank stocks for the first time in four sessions lifted European shares on Thursday, after the U.S. Last week, the European Central Bank cut interest rates deeper into negative territory and asked governments to do more to prop up the euro zone economy.

  • Sept 19- European shares edged higher on Thursday, helped by a rise in banks, after the U.S. The pan-European STOXX 600 index rose 0.2% with lender-heavy Milan and Madrid outperforming. The FTSE 100 index was 0.1% lower ahead of a Bank of England monetary policy statement at 1100 GMT, where it is expected to stand pat on rates.

  • MILAN, Sept 16- Italian luxury yacht maker Ferretti aims to list on the Milan bourse by the end of October to accelerate its growth plan, which also envisages the acquisition of a foreign rival, its CEO Alberto Galassi said on Monday. Ferretti, whose big-name clients include actor George Clooney, was delisted in 2003 and bought a decade later by Chinese industrial...

  • MILAN, Sept 16- Italian luxury yacht maker Ferretti plans to list in Milan by the end of October, aiming to raise 100 million euros to fund development as it returns to the stock market. The Milan listing would mark a return to the stock market for Ferretti, which was delisted in 2003 after it was bought by private equity firms. Ferretti, which a source told Reuters last...

  • *London bourse cites concern over Hong Kong unrest. The Hong Kong exchange said it would now hold more talks with LSE investors as it considers its next step, aiming to keep alive its hopes of becoming a more global player to rival U.S. giants ICE and CME. The LSE said earlier on Friday, as it rebuffed the Hong Kong approach, that it was sticking with its $27 billion...

  • *London bourse cites concern over Hong Kong unrest. LONDON, Sept 13- The Hong Kong exchange refused to give up on its bid to take over the London Stock Exchange after the LSE emphatically rejected the Asian bourse's $39 billion takeover offer on Friday. HKEX's valuation of the LSE falls "substantially short" and the "ongoing situation in Hong Kong" adds to...