ROME (Reuters) -State-owned Monte dei Paschi di Siena does not need a rescue buyer, but a tie-up could help other mid-sized Italian banks to grow instead to serve Italy’s interests, its CEO said on Monday. Luigi Lovaglio made the comments at an event organised by Italy’s main banking union FABI, shortly after BPER Banca CEO …
MPS doesn’t need saving, but Italy needs bigger banks -CEO Read More »
(Reuters) -The U.S. Federal Trade Commission will seek a court order to block Microsoft Corp’s acquisition of Activision Blizzard, a source familiar with a planned court filing said on Monday. The FTC, which enforces antitrust law, initially asked an administrative judge to block the transaction in early December, arguing it would give Microsoft’s Xbox exclusive …
US FTC seeks court order to block Microsoft acquisition of Activision -source Read More »
(Reuters) -French construction materials company Saint-Gobain has agreed to buy Building Products of Canada Corp for about 925 million euros ($994 million), it said on Monday. Saint-Gobain said it has entered into a definitive agreement to acquire the privately-owned Canadian maker of roofing shingles and insulation panels. The transaction is expected to close by the …
France’s Saint-Gobain to buy Building Products of Canada Read More »
By Noele Illien ZURICH (Reuters) -UBS completed its emergency takeover of embattled local rival Credit Suisse on Monday, forging a Swiss banking and wealth management giant with a $1.6 trillion balance sheet. Marking the closing of the biggest banking deal since the 2008 financial crisis, UBS Chief Executive Sergio Ermotti and Chairman Colm Kelleher said …
UBS completes Credit Suisse takeover to become wealth management behemoth Read More »
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom is set to gain conditional EU antitrust approval for its $61 billion proposed acquisition of cloud computing firm VMware, people familiar with the matter said, sending its shares up by almost 5%. The European Commission’s clearance is tied to remedies relating to Broadcom’s interoperability with …
Exclusive-Broadcom set to win EU nod for $61 billion VMware deal, sources say Read More »
By Ankika Biswas and Shashwat Chauhan (Reuters) -British equities climbed on Monday as Croda International led a rebound in the chemicals sector and Ocado jumped following a brokerage upgrade, while investors eyed major central bank decisions on monetary policy later in the week. The benchmark FTSE 100 edged 0.1% higher, while the more domestically-focussed FTSE …
London stocks gain ahead of cenbank rate decisions, Croda rebounds Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Thyssenkrupp launched on Monday the long-awaited listing of its hydrogen division Nucera, suggesting its new chief executive intends to waste no time in reviving the fortunes of the embattled conglomerate. Thyssenkrupp Nucera, a 66:34 joint venture with Italy’s De Nora, is targeting proceeds of up to 600 …
Thyssenkrupp pulls trigger on long-awaited IPO of hydrogen division Nucera Read More »
(Reuters) – Spanish construction firm Sacyr said on Monday it had agreed to sell its waste management unit to Morgan Stanley Infrastructure Partners, the first step in a divestment plan that aims to switch focus to its profitable concession business. The deal, reported by Reuters on Sunday, values Valoriza Servicios Medioambientales at 734 million euros …
Sacyr agrees to sell waste management unit to Morgan Stanley Infrastructure Read More »
By Shreyashi Sanyal (Reuters) -Germany’s DAX index led gains among its European peers on Monday boosted by Adidas shares after an analyst upgrade, while investor focus was largely on major central bank policy meetings scheduled through the week. The pan-European STOXX 600 index rose 0.5%, with the DAX up 1%. German sportswear maker Adidas jumped …
German stocks lead gains in Europe, all eyes on central bank meetings Read More »
ZURICH (Reuters) – Swiss financial regulator FINMA has specified the central elements of its regulatory requirements for the merged UBS and Credit Suisse, it said on Monday. The regulator also said it “welcomes UBS’s strategic focus, which foresees a rapid reduction of risk in investment banking,” in a statement after UBS formally completed its emergency …
