Markets
Mediaset approves share buyback, sues again Vivendi
Yesterday shareholders of Mediaset approved a share buyback for up to 10% of capital in a move to strengthen Silvio Berlusconi family's control of the group against Vivendi, which has ...
Hai filtrato per "Markets"
June 29, 2017
June 28, 2017
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Markets
Italian assets under management hit historic peak in May, up to more than €2 trillion
by Isabella Della Valle
With €2 trillion under management, the Italian asset management industry hit a historic peak in May. That is a huge amount that could almost cover Italy’s public debt. The ...
June 23, 2017
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Markets
Pesenti's Italmobiliare enters race for Italian mid-sized firm fund portfolio, allying with Tikehau
by Carlo Festa
The Italmobiliare investment holding company owned by the Pesenti family has entered the race for the portfolio of medium-sized Italian companies of the Fondo Italiano d’Investimento ...
June 22, 2017
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Markets
Intesa Sanpaolo's press release on two troubled lenders in Italy's northern Veneto region
INTESA SANPAOLO IS AVAILABLE TO ACQUIRE CERTAIN ASSETS AND LIABILITIES OF BANCA POPOLARE DI VICENZA AND VENETO BANCA UNDER SPECIFIC CONDITIONS Turin - Milan, 21 June 2017 – At its ...
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Markets
Intesa makes offer to save Popolare di Vicenza and Veneto Banca as long as there is "no impact on capital ratios and dividend policy"
by Marco Ferrando
Italian bank Intesa Sanpaolo has stepped forward to make an offer for struggling lenders Banca Popolare di Vicenza and Veneto Banca. But the offer is on its own terms: a token price, ...
June 20, 2017
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Markets
CDP and EIF set up the first and largest risk sharing platform for SMEs to trigger up to €6bn new investments under the Juncker Plan
by Isabella Bufacchi
A new Risk Sharing Platform for Italian SMEs is taking off under the umbrella of the Juncker Plan. A (counter) guarantee contract has been signed by the Italian National Promotional ...
June 16, 2017
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Markets
Economy Ministry working on a "voluntary" alliance to rescue struggling Veneto banks
by Luca Davi
The President of Italian banking group Iccrea, Giulio Magagni, revealed yesterday that “the first contact with the Economy Ministry,” had been made to work on a system ...
June 14, 2017
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Markets
BTP yields drop at auction as rally continues on the secondary market
Italy's borrowing cost for 3, 7 -year bonds slipped yesterday at auction as Italian Treasury issued an amount of €5.5 billion of medium- and long-term ...
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Markets
Growth in Italian banks' bad loans slowing, but public debt increasing
by Davide Colombo
The growth rate in non-performing loans (NPLs) held by Italian banks slowed in April 2017, in a context characterized by low interest rates and stagnant loans. According to ...
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Markets
Rescue without a bail-in for Veneto banks, Minister Padoan and the EU reassure
by Katy Mandurino and Gianni Trovati
The effect they were aiming for, that is to calm markets and the administrators of the two Veneto banks, was achieved by the two messages released yesterday morning by Italian Economy ...
June 13, 2017
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Markets
12-months BOT yield fell to new minimum low at -0.351%
Italy's borrowing cost for the 12-month maturity fell to a new record low yesterday in auction as Italy issued €6.5 billion of T-Bills (BOT) at -0.351% ...
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Markets
Italian companies' credit quality to stay stable into 2018 as low GDP growth hinders improvements, Moody's explains
Sluggish economic growth and weak consumer confidence will hamper the ability of Italian non-financial companies to boost their creditworthiness, resulting in broadly stable credit quality ...
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Markets
After Macron's victory the European process will go ahead, says Groupama Chief Economist Morel
by Isabella Bufacchi
ISABELLA BUFACCHI: What is your view of the impact of French elections on Europe and Emmanuel Macron’s vicotry? CHRISTOPHE MOREL: The victory of Macron means that the European ...
June 9, 2017
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Markets
Banco Popular, Veneto bank cases unrelated, EU Commission vice president Dombrovskis says
European Commission vice president Valdis Dombrovskis said there is no relation between the resolution model pursued for Spanish lender Banco Popular and those that may be used for financially ...
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Markets
ECB shifts view on rates: no new cuts needed
by Alessandro Merli
European Central Bank President Mario Draghi is calling for patience. The euro zone economy is strengthening, according to the new ECB forecasts published on June 8, and taking account of ...
June 7, 2017
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Markets
Gavio chooses Ardian for the route toward international growth
by Laura Galvagni
Italian construction and highway company Gavio has found the potential partner to accompany its internationalization process: investment company Ardian. Yesterday its subsidiaries Sias, ...
June 3, 2017
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Markets
Road map ready for MPS, trade scheduled to resume around July
by Luca Davi and Gianni Trovati
While troubled Italian lender Banca Monte dei Paschi di Siena (MPS) looks set for a a smaller recapitalization than previously expected (which would bring the requirements to €8 ...
June 2, 2017
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Markets
Italy, EU reach deal for €8.8 bn MPS rescue paving the way for state control
by Beda Romano
After almost six months of negotiations, the European Commission announced yesterday it had reached an agreement in principle with the Italian government for an €8.8 billion ...
June 1, 2017
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Markets
"The future is growth," AXA CEO Buberl says, adding he is not interested in Generali but will remain in MPS
by Laura Galvagni
French insurer AXA has had three chief executives in thirty years. Thomas Buberl is the third. He has taken the helm at a time when competition on insurance policies is not just between the ...
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Markets
Only an "exceptional effort" on debt, NPLs and growth can pry Italy from crisis, says Bank of Italy
by Davide Colombo
Bank of Italy Governor Ignazio Visco closed his annual speech yesterday with a strong message of confidence, in front of a crowd that included European Central Bank President Mario ...
May 31, 2017
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Markets
Vivendi bid on Telecom Italia wins conditional EU approval
by Beda Romano
The European Commission announced yesterday that it had approved the acquisition of de facto control over Italian telecoms operator Telecom Italia by French media group Vivendi. The EU approval ...
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Markets
BTP yields drop at auction matching strong demand
Italy's borrowing cost for 5, 7 and 10-year bonds slipped yesterday at auction as Italian Treasury issued an amount of €7.5 billion of medium- and long-term ...
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Markets
Veneto banks, Poste open to contributing to Italy rescue fund
Yesterday Italian postal and banking service group Poste said that it is ready to evaluate the opportunity of an additional contribution to the bank rescue fund Atlante to recapitalize the northern ...
May 30, 2017
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Markets
6-months BOT yield fell to new minimum low at -0.358%
Italy's borrowing cost for the 6-month maturity fell to a new record low yesterday in an auction as Italy issued €6 billion of T-Bills (BOT) at -0.358% ...
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Markets
Markets wobble as investors eye possibility early election and a late bank rescue
by Andrea Franceschi
The broad agreement on the electoral law between Italy’s largest political parties and former Prime Minister Matteo Renzi's exhortations in favor of the early vote in September have ...
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Markets
Rome and Brussels in non-stop talks to find deal on €6.4 bn Veneto bank recapitalizations
by Marco Ferrando and Gianni Trovati
While Monte dei Paschi di Siena finally received the green light from the EU for the Italian government to become its largest shareholder, talks between Rome, Frankfurt and Brussels on the ...
May 27, 2017
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Markets
AC Milan lists €218 mln in bonds on Vienna exchange
On May 26th Italian football club AC Milan listed on the Vienna stock exchange two bonds for an overall 128 million euros, with a maturity of slightly less than a year and a half, that will ...
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Markets
Market is pricing in a "haircut" for Veneto and Vicenza senior bonds
by Nicola Borzi
The market is already pricing in a possible “haircut” (or reduction of the redemption value) for senior bonds issued by Veneto Banca and Banca Popolare di Vicenza, ...
May 26, 2017
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Markets
Italy April asset management net inflows jump to €9 bn
Italian asset management companies saw €9.0 billion of net inflows in April, bringing the total from the beginning of the year to €36.9 billion and total assets under ...
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Markets
Government in twin negotiations to avoid a bail-in for Veneto banks
by Marco Ferrando and Gianni Trovati
Italy is searching for some form of support to avoid a “bail in” struggling Veneto-based regional banks Popolare di Vicenza and Veneto Banca, which need €6.4 billion ...
— Opinion
by Marco Onado
Business & Economy
Veneto banks intervention is EU rules’-proof, Rome is not Madrid
IT
24 Analysis
24 Analysis
The painful story of the two Veneto banks, officially in liquidation yesterday, is emblematic of the delicate situation of Italian banks, exacerbated by a European regulatory and supervisory framework that, as facts are proving, is turning out to be thornier than Procrustes’ bed
— Breaking News
Il Sole 24 Ore - Radiocor Plus
Italyh 21:39
Enel starts buying Greece's largest wind farm
Italyh 21:26
Banco BPM expects to change insurance partners this yr
Italyh 21:19
Ima to buy 60% Eurosicma for 26 mln eur
— Opinion
by Howard Davies*
Business & Economy
Understanding the productivity puzzle
IT
24 Analysis
24 Analysis
In all major economies, the so-called productivity puzzle continues to perplex economists and policymakers: output per hour is significantly lower than it would have been had the pre-2008 growth ...
Panorama
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Wine 24
Frank Cornelissen's Susucaru: rosé gem from Mount Etna
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Outside view
Moody's downgrades UniCredit Bank AG's senior unsecured debt to Baa2, outlook stable
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Football 24
Rome's "Eighth King" Francesco Totti plays his last match today
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Vatican 24
Pope Francis in Cairo sends message of religious peace, asking to "unmask the violence"
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