By Valentina Za and Giuseppe Fonte MILAN (Reuters) -Monte dei Paschi di Siena has secured backing from most of the banks that are due to guarantee its 2.5 billion euro ($2.4 billion) share issue after racing to persuade investors to buy in, three people close to the matter said. With markets gripped by fears about …
Italy’s MPS nears finish line on securing banks’ support for stock sale Read More »
MILAN (Reuters) – The board of ITA Airways has stripped executive chairman Alfredo Altavilla of his powers, giving Chief Executive Fabio Lazzerini the task of negotiating the sale of the Italian state-owned carrier, a source close to the matter said on Wednesday. Both ITA Airways and Altavilla did not reply to a request of comment …
ITA Airways board strips chairman of powers to discuss sale -source Read More »
(Reuters) -SpaceX’s Starlink services helped restore energy and communications infrastructure in Ukraine’s critical areas, the country’s Vice Prime Minister Mykhailo Fedorov said on Wednesday. “Over 100 cruise missiles attacked (Ukraine’s) energy and communications infrastructure. But with Starlink we quickly restored the connection in critical areas,” Fedorov tweeted. Some of the Starlink internet devices that had …
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -Ukrainian President Volodymyr Zelenskiy on Wednesday appealed to international donors to increase their financial support, saying more money was needed to rebuild schools and homes destroyed by months of Russian bombardment. Zelenskiy, speaking by video link to finance ministers at the World Bank and International Monetary Fund …
Ukraine’s Zelenskiy appeals for $55 billion to cover budget gap and reconstruction Read More »
FRANKFURT (Reuters) – Germany’s natural gas storage levels came within the 95% mark three weeks ahead of schedule, according to data from Brussels-based infrastructure group GIE, as Europe’s largest economy is bracing for its first winter without Russian gas in decades. According to the data updated on Wednesday, German gas storage levels stood at 94.97% …
German natgas storage facilities to hit November target early Read More »
(Clarifies Sept. 28 was date BoE announced bond buys in paragraph 14) By Tommy Wilkes and Carolyn Cohn LONDON (Reuters) – UK pension schemes are racing to raise hundreds of billions of pounds to shore up derivatives positions before the Bank of England calls time on support aimed at keeping them afloat. Governor Andrew Bailey …
British pension funds press BoE to extend bond buys amid cash scramble Read More »
By Andy Bruce, William Schomberg and David Milliken LONDON (Reuters) – British government borrowing costs surged again on Wednesday after Bank of England Governor Andrew Bailey told pension funds they had three days to fix liquidity problems before the bank ends emergency bond-buying that has provided support. Twenty and 30-year gilt yields both hit their …
UK borrowing costs hit 20-year high as BoE sticks by bond deadline Read More »
LONDON (Reuters) – Britain sold 3.5 billion pounds ($3.86 billion) of a new 4.125% conventional gilt due in 2027, attracting orders worth 2.08 times the amount on offer. The Debt Management Office said the highest yield it accepted from bidders was 0.8 basis points above the average yield. ($1 = 0.9060 pounds) (Reporting by Andy …
By Noele Illien ZURICH (Reuters) -Leonteq on Wednesday dismissed a media report alleging suspicious trading at the Swiss fintech company potentially related to tax evasion or money laundering by clients. The company, which offers structured investment products, said internal and external investigations had found no evidence to support the allegations raised by the Financial Times …
Leonteq rejects allegations of suspicious trades Read More »
BRUSSELS (Reuters) – Euro zone industrial production soared in August far beyond expectations as manufacturers boosted investment despite fears of an upcoming recession, official estimates showed on Wednesday. The European Union’s statistics office Eurostat said industrial production in the 19 countries sharing the euro increased 1.5% month-on-month in August for a 2.5% year-on-year rise. Economists …
Euro zone industry output rose in August much faster than expected Read More »
