— Breaking News

  1. Italy

    Economic calendar for September 26

    (Il Sole 24 Ore Radiocor Plus) - New York, 25 Sep - Economic calendar for Tuesday, September 26 01:00 NZD ANZ Business Confidence (Sep) 18.3 01:00 NZD NBNZ Own Activity (Sep) 38.2% 05:00 SGD Industrial Production (YoY) (Aug) 14.2% 21.0% 05:00 SGD Industrial Production (MoM) (Aug) -0.4% 1.0% 06:00 EUR German Import Price Index (MoM) (Aug) 0.1% -0.4% 06:00 EUR German Import Price Index (YoY) (Aug) 2.1% 1.9% 06:45 EUR French Business Survey (Sep) 111 08:00 EUR Italian Trade Balance Non-EU (Aug) 4.53B 08:30 GBP BBA Mortgage Approvals 41.7K 41.6K 08:30 HKD Exports (MoM) (Aug) 7.3% 08:30 HKD Imports (MoM) (Aug) 5.5% 08:30 HKD Trade Balance -29.6B 09:35 EUR German 2-Year Schatz Auction -0.740% 12:00 EUR ECB's Praet Speaks 12:55 USD Redbook (YoY) 3.6% 12:55 USD Redbook (MoM) 0.1% 13:00 USD S&P/CS HPI Composite - 20 s.a. (MoM) (Jul) 0.2% 0.1% 13:00 USD S&P/CS HPI Composite - 20 n.s.a. (MoM) (Jul) 0.7% 0.7% 13:00 USD S&P/CS HPI Composite - 20 n.s.a. (YoY) (Jul) 5.8% 5.7% 13:30 USD FOMC Member Mester Speaks 13:30 BRL Current Account (USD) (Aug) -0.19B -3.40B 13:30 BRL Foreign direct investment (USD) (Aug) 6.55B 4.10B 14:00 USD CB Consumer Confidence (Sep) 120.0 122.9 14:00 USD New Home Sales (MoM) (Aug) 3.3% -9.4% 14:00 USD New Home Sales (Aug) 588K 571K 14:00 USD Richmond Manufacturing Index (Sep) 13 14 14:00 USD Richmond Manufacturing Shipments (Sep) 8 14:00 USD Richmond Services Index (Sep) 22 14:30 USD Dallas Fed Services Revenues (Sep) 14.2 14:30 USD FOMC Member Brainard Speaks 14:30 USD Texas Services Sector Outlook (Sep) 15.1 15:30 USD 4-Week Bill Auction 0.960% 16:45 USD Fed Chair Yellen Speaks 17:00 USD 2-Year Note Auction 1.345% Tentative USD API Weekly Crude Oil Stock 1.443M A24-Zap (RADIOCOR) 25-09-17 22:32:35 (0916) 5 NNNN

  2. Italy

    Falck Renewables buys 92MW US solar PV plant

    Facility to be commissioned this week (Il Sole 24 Ore Radiocor Plus) - Milan, 25 Sep - Italian renewable energy developer and operator Falck Renewables said it has signed an agreement with Canadian Solar to acquire 99% of the 92MW Canadian Solar IS-42 solar photovoltaic plant in North Carolina. Falck is acquiring the plant for 42.8 million US dollars, subject to adjustments at closing, which is expected to take place at the end of November. The project has already been constructed and is expected to begin commercial operations this week. It enjoys a long-term power purchasing agreement (PPA) with Duke Energy Progress. A24-Hob (RADIOCOR) 25-09-17 22:13:06 (0893) 5 NNNN

  3. Italy

    Gentiloni, Macron to meet in Lyon on Weds

    The two leaders will host joint press conference (Il Sole 24 Ore Radiocor Plus) - Rome, 25 Sep - Italian prime minister Paolo Gentiloni and French president Emmanuel Macron will meet on Wednesday in Lyon for a Franco-Italian bilateral meeting. Gentiloni will first tour the exhibition 'Lumiere! L'invention du cinema' before participating in the round of bilateral talks. After the meeting, Gentiloni and Macron will host a joint press conference, the Italian government said. A24-Cia (RADIOCOR) 25-09-17 19:27:40 (0604) 5 NNNN

  4. Italy

    Europe shares end lower after German election -2-

    Banks fall, oil shares rise (Il Sole 24 Ore Radiocor Plus) - London, 25 Sep - Banking stocks led the losses in the region. Shares of Italian lender UniCredit dipped 1.40% to 17.56 euros after its deputy chairman called a report the bank was eyeing a merger with Commerzbank "rubbish". Shares of French rail specialist Alstom fell 1.27% to 33.42 euros while those of German industrial conglomerate Siemens added 0.60% after Handelsblatt reported that they are negotiating an agreement to create a European rail giant. Oil stocks closed higher. In Milan, Saipem rallying 5.28% to 3.62 euros and Eni rising 1.16% to 13.94 euros. In Paris, French oil major Total gained 0.70% to 45.63 euros. A24-Cia (RADIOCOR) 25-09-17 18:43:27 (0557) 5 NNNN

  5. Italy

    Euro zone benchmark 10-year sovereign bond yields

    (Il Sole 24 Ore Radiocor Plus) - London, 25 Sep - Euro zone benchmark 10-year sovereign bond yields Germany - yield 0.41%; down 0.05 percentage points from previous close. France - yield 0.70%; down 0.03 percentage points from previous close. Belgium - yield 0.70%; down 0.03 percentage points from previous close. Italy - yield 2.17%; up 0.01 percentage points from previous close. Spain - yield 1.62%; up 0.01 percentage points from previous close. A24-Zap (RADIOCOR) 25-09-17 17:57:27 (0533) 5 NNNN

  6. Italy

    European shares mixed after German election -2-

    UniCredit shares fall as denies Commerzbank merger designs (Il Sole 24 Ore Radiocor Plus) - London, 25 Sep - Shares of Italian lender UniCredit were down 0.67% after its deputy chairman called a report the bank was eying a merger with Commerzbank "rubbish". Shares of Swiss industrial group ABB were up 0.54% after it said it had reached an agreement to buy GE Industrial Solutions, GE's global electrification solutions business, for 2.6 billion dollars. Anglo-Dutch consumer products manufacturer Unilever instead saw its shares slip 0.64% on the news it has agreed to buy Carver Korea, a leading skincare business in North Asia, for 2.27 billion euros, from Bain Capital Private Equity and Goldman Sachs. Shares of French rail specialist Alstom fell 0.09% while those of German industrial conglomerate Siemens added 0.60% after Handelsblatt reported that they are negotiating an agreement to create a European rail giant. A24-Hob (RADIOCOR) 25-09-17 13:18:17 (0332) 5 NNNN

  7. Italy

    Italy could use veto powers for Tim -2-

    Committee meeting postponed to tomorrow (Il Sole 24 Ore Radiocor Plus) - Milan, 25 Sep - The meeting of the committee scheduled to discuss Vivendi's takeover of Tim, and the potential use by the government of special powers, has been postponed to tomorrow, sources said. The committee will meet tomorrow afternoon in the prime minister's offices. A24-Web (RADIOCOR) 25-09-17 12:46:55 (0311) 5 NNNN

  8. Italy

    Italy could use veto powers for Tim - industry minister

    Govt to examine matter today (Il Sole 24 Ore Radiocor Plus) - Milan, 25 Sep - Italian industry minister Carlo Calenda said that there are "the elements" for the government to use special veto powers regarding the take over of Telecom Italia, which trades under the Tim brand, by the French conglomerate Vivendi. In an interview with the daily La Stampa, Calenda said that foreign investors are welcome in Italy but they have to respect the rules. "In the case of Vivendi-Tim, a notification (of Vivendi's control of Tim) was mandatory and Vivendi didn't do it," he said. On September 13, the Italian market regulator ruled that Vivendi controlled Telecom Italia. A government committee will meet to discuss today the matter. There is media speculation that the government could force Vivendi to sell Telecom Italia's service provider unit Sparkle. A24-Web (RADIOCOR) 25-09-17 12:04:33 (0270) 5 NNNN

  9. Italy

    Italy 10-yr govt bond spread vs Bund rises to 1.74 pct pts

    Yield at 2.19% (Il Sole 24 Ore Radiocor Plus) - Milan , 25 Sep - The differential between yields on 10-year Italian government bonds stood at 1.74 percentage points in morning trade, up from 1.72 points at the close Friday but down from 1.76 points at the opening. The yield on the benchmark Italian bonds rose to 2.19% from 2.17% Friday. A24-Hob (RADIOCOR) 25-09-17 10:23:27 (0192) 5 NNNN

  10. Italy

    Fincantieri to build ship for Cunard

    Due to join Cunard fleet in 2022 (Il Sole 24 Ore Radiocor Plus) - Milan, 25 Sep - The Italian ship builder Fincantieri said that it has signed a memorandum of agreement for the construction of a next-generation cruise ship for Cunard, the luxury brand of the cruise company Carnival. The agreement will become operational when all the financial and technical conditions will be satisfied, it added. The ship will be built at the Monfalcone yard and join the Cunard's fleet in 2022. The 113,000 ton ship will carry 3,000 guests and be the 249th to fly the Cunard flag, the first since 2010 when Fincantieri delivered the "Queen Elizabeth", three years after the "Queen Victoria" was built in 2007. It will mark the first time since 1998 that the luxury cruise brand will have four ships in simultaneous service. A24-Web (RADIOCOR) 25-09-17 10:07:15 (0185) 5 NNNN

  11. Italy

    Ascopiave ends tie-up talks with Aeb Group/Gelsia

    Parties do not rule out future partnerships (Il Sole 24 Ore Radiocor Plus) - Milan, 25 Sep - The Italian natural gas group Ascopiave Group said that it is terminating tie-up talks with its peer Aeb Group/Gelsia but does not rule out partnership initiatives in the future. "The Ascopiave Group and the Aeb Group agreed to consensually stop their prospective business combination both for their gas and energy sales and distribution business in Lombardia. After having carried on intense and challenging comparative activities with transparency and collaboration, the parties noted that there aren't currently conditions for the completion of the operation," it said. "The two groups acknowledge the affinity of the values from which they are guided, as well as the history similarities, the business model and the market approach, that represent, for both, a strong link with the reference territory and excellence in the services provided; therefore, it's a common will of both parties to keep relationships based on dialogue and confrontation on the future challenges that energy market will present, not excluding, if conditions will exist, the development of future new partnership initiative," it added. A24-Web (RADIOCOR) 25-09-17 09:46:02 (0171) 5 NNNN

  12. Italy

    Constructive spirit in UK PM May's Brexit speech - EU's Barnier

    Priority is to protect the rights of citizens (Il Sole 24 Ore Radiocor Plus) - New York, 22 Sep - The European Union's chief Brexit negotiator Michel Barnier praised UK Prime Minister Theresa May's speech in Florence, Italy. "In her speech in Florence, Prime Minister Theresa May has expressed a constructive spirit which is also the spirit of the European Union during this unique negotiation," Barnier said in a statement. "The speech shows a willingness to move forward, as time is of the essence. We need to reach an agreement by autumn 2018 on the conditions of the United Kingdom's orderly withdrawal from the European Union. " he added. Barnier said that prime minister May's words represent "a step forward" but insisted that they must "now be translated into a precise negotiating position of the UK government." "Our priority is to protect the rights of citizens. EU27 citizens in the United Kingdom must have the same rights as British citizens today in the European Union," Barnier said. A24-Zap (RADIOCOR) 22-09-17 20:58:27 (0738) 5 NNNN

  13. Italy

    Juventus FY net 42.6 mln eur vs 4.1 mln

    FY revenue 562 mln eur, up 45% (Il Sole 24 Ore Radiocor Plus) - Milan, 22 Sep - The Italian football club Juventus said that in the full year to June 30 its net profit rose to 42.6 million euros from 4.1 million a year earlier as sales grew 45% to 562 million. The top line was boosted by the club's performance in the Champions League tournament, where it finished as runner-ups. The tournament contributed over 110 million euros in revenue. The operating profit grew 233% to 67.4 million euros. Juventus said that it will retain all earnings. The club expects to post a loss this year but noted that its earnings will be conditioned by its performance on the pitch. A24-Web (RADIOCOR) 22-09-17 18:43:20 (0523) 5 NNNN

  14. Italy

    Juventus FY net 42.6 mln eur vs 4.1 mln

    FY revenue 562 mln eur, up 45% (Il Sole 24 Ore Radiocor Plus) - Milan, 22 Sep - The Italian football club Juventus said that in the full year to June 30 its net profit rose to 42.6 million euros from 4.1 million a year earlier as sales grew 45% to 562 million. The top line was boosted by the club's performance in the Champions League tournament, where it finished as runner-ups. The tournament contributed over 110 million euros in revenue. The operating profit grew 233% to 67.4 million euros. Juventus said that it will retain all earnings. The club expects to post a loss this year but noted that its earnings will be conditioned by its performance on the pitch. A24-Web (RADIOCOR) 22-09-17 18:43:18 (0522) 5 NNNN

  15. Italy

    European shares end mixed ahead of German election -2-

    (Il Sole 24 Ore Radiocor Plus) - New York, 22 Sep - In Paris trade, shares of French cosmetics giant L'Oreal closed higher after the death of 94-year old billionaire Liliane Bettencourt, who had the largest stake in the company and whose family founded the French cosmetics giant. Traders note that her death reopens speculation about the intentions of Nestle, the second largest shareholder, for its 23% L'Oreal stake. In Milan, savings shares of Italian lender UniCredit rallied, aligning to the price at which an obligatory conversion of these shares into ordinary stock are to be carried out. UniCredit said yesterday that the stock conversion would help simplify its capital structure, thus helping to save costs. According to the terms of the conversion, holders of savings shares will receive 3.82 ordinary shares and 27.25 euros for every saving share in their possession. Also in Milan, shares of catering group Autogrill climbed 0.64% at 11.03 euros on the news that its US unit HMSHost renewed a contract with the New Jersey Turnpike Authority to provide food and beverage in 16 service areas along the New Jersey Turnpike and the Garden State Parkway until 2044. The contract had previously been slated to run through 2020. Estimated total revenue over the new contract period amounts to around 6 billion dollars, Autogrill said. Shares of the Italo-American car maker FCA rose 3.94% at 15.05 euros on ongoing speculation about extraordinary corporate activity, ranging from the sale of the Jeep brand, of the components business Magneti Marelli or of the automation group Comau, to the spinoff of Alfa Romeo and Maserati. Since mid-August the stock has gained about 55%. According to the South Korea press Hyundai is interested in FCA. But an analyst pointed out that the US is unlikely to approve the sale of Jeep to a non-US car maker. The broker added that it believes that FCA is focusing on the disposal of Magneti Marelli, which could be announced by the end of the year. A24-Zap (RADIOCOR) 22-09-17 18:29:25 (0509) 5 NNNN

  16. Italy

    Euro zone benchmark 10-year sovereign bond yields

    (Il Sole 24 Ore Radiocor Plus) - London, 22 Sep - Euro zone benchmark 10-year sovereign bond yields Germany - yield 0.45%; down 0.00 percentage points from previous close. France - yield 0.74%; down 0.00 percentage points from previous close. Belgium - yield 0.74%; down 0.00 percentage points from previous close. Italy - yield 2.17%; up 0.01 percentage points from previous close. Spain - yield 1.63%; up 0.01 percentage points from previous close. A24-Zap (RADIOCOR) 22-09-17 17:40:25 (0468) 5 NNNN

  17. Italy

    European shares slightly higher on upbeat PMI data -2-

    L'Oreal shares rise after Bettencourt's death (Il Sole 24 Ore Radiocor Plus) - London, 22 Sep - In Paris trade, shares of French cosmetics giant L'Oreal rose 2.66% after the death of 94-year old billionaire Liliane Bettencourt, who had the largest stake in the company and whose family founded the French cosmetics giant. Traders note that her death reopens speculation about the intentions of Nestle, the second largest shareholder, for its 23% L'Oreal stake. In London, UK engineering group Smiths saw its stock price decline 4.57% after reporting a 1% fall in underlying revenue. In Milan, savings shares of Italian lender UniCredit rallied 38.87%, aligning to the price at which an obligatory conversion of these shares into ordinary stock are to be carried out. UniCredit said yesterday that the stock conversion would help simplify its capital structure, thus helping to save costs. According to the terms of the conversion, holders of savings shares will receive 3.82 ordinary shares and 27.25 euros for every saving share in their possession. Also in Milan, shares of catering group Autogrill climbed 0.73% on the news that its US unit HMSHost renewed a contract with the New Jersey Turnpike Authority to provide food and beverage in 16 service areas along the New Jersey Turnpike and the Garden State Parkway until 2044. The contract had previously been slated to run through 2020. Estimated total revenue over the new contract period amounts to around 6 billion dollars, Autogrill said. A24-Hob (RADIOCOR) 22-09-17 13:26:48 (0287) 5 NNNN

  18. Italy

    UniCredit savings shares rally, jump to conversion price

    Stock up 35.93% (Il Sole 24 Ore Radiocor Plus) - Milan, 22 Sep - Savings shares of Italian lender UniCredit were rallying in Milan trading, as they fall in line with the price set for their obligatory conversion into ordinary stock. At 0800 GMT, UniCredit savings shares were up 35.93% to 92.50 euros. An analyst notes that the obligatory conversion affects only the very limited number of savings shares in circulation, or 252,489. Savings shares have no voting rights but give shareholders preferential dividend treatment. According to the terms of the conversion, holders of savings shares will receive 3.82 ordinary shares and 27.25 euros for every saving share in their possession. UniCredit said in a statement late yesterday that the stock conversion contributes to its aim of simplifying its capital structure, thus also helping to cut costs. UniCredit said it would also transfer its registered office from Rome to Milan and eliminate a 5% cap on voting rights. A24-Hob (RADIOCOR) 22-09-17 10:25:50 (0178) 5 NNNN

  19. Italy

    Italy 10-yr govt bond spread vs Bund dips to 1.70 pct pts

    Yield steady at 2.16% (Il Sole 24 Ore Radiocor Plus) - Milan, 22 Sep - The differential between yields on 10-year Italian government bonds and their German counterparts dipped to 1.70 percentage points in early trade, from 1.71 points at the close Thursday. The yield on the benchmark Italian bonds was steady at 2.16%. A24-Sch (RADIOCOR) 22-09-17 09:31:56 (0148) 5 NNNN

  20. Italy

    Autogrill renews NJ Turnpike, Garden State Parkway concession

    Prolonged to 2044 (Il Sole 24 Ore Radiocor Plus) - Milan, 22 Sep - The Italian catering group Autogrill said that its US unit HMSHost renewed a contract with the New Jersey Turnpike Authority to provide food and beverage in 16 service areas along the New Jersey Turnpike and the Garden State Parkway until 2044. The contract replaces the previous one expiring in 2020. Estimated total revenue over the period amounts to around 6 billion dollars, it added. A24-Web (RADIOCOR) 22-09-17 08:29:42 (0111) 5 NNNN