Tag: EU
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European shares flat; London leads on oil boost
Telecoms rebound from worst session in 15 months Euro zone business growth slowed in May -PMI Indivior jumps after settling Suboxone monopoly claims June 5 (Reuters) – European shares were flat on Monday as markets struggled to hold on to the tailwind from a rebound seen last week, while London stocks led regional gains following ... -
European shares log best day in two months; Swedish real estate stocks jump
US hiring rises in May; unemployment rate jumps Lululemon results boost Adidas, Puma SBB jumps after new CEO appointment June 2 (Reuters) – European shares clocked their best one-day gain on Friday as investors took comfort from easing euro zone inflation, the passing of the U.S. debt bill, and growing evidence supporting the case for ... -
Analysis: Banks break taboo for high-risk bonds
[1/2] U.S. dollar and Euro bank notes in Frankfurt, Germany, in this illustration picture taken May 7, 2017. REUTERS/Kai Pfaffenbach/Illustration Banks typically repaid AT1 bonds after five years Credit Suisse wiped out billions, shocked investors Some small banks no longer repaying June 2 (Reuters) – Investors who earned easy money with high-risk bonds invented after ... -
Italy can use new strategic fund to invest in listed firms
Italy PM looking to shore up strategic supply chains New fund can invest in Italian headquartered, listed firms Government eyes Gulf SWFs to support the initiative ROME, June 1 (Reuters) – Italy’s right-wing government can use a new strategic fund to buy stakes in listed companies outside of the financial sector, according to a draft ... -
Morning Bid: Hot, cold and skipping a beat
A look at the day ahead in U.S. and global markets from Mike Dolan If the Federal Reserve does skip raising interest rates this month it’s probably because it is as confused as everyone else about the health of the U.S. economy as June kicks off. Like a patient with a virus, incoming data appears ... -
EU to propose greater transparency for default swaps on eight banks
LONDON, May 31 (Reuters) – The European Commission will propose greater transparency in the trading of credit default swaps of eight top banks to mirror rules in U.S. markets, a European Union document seen by Reuters showed on Wednesday. So-called single name credit default swaps (CDS) have come under regulatory scrutiny after the fall and ... -
WE Soda to sell at least $800 mln shares in rare London IPO
LONDON, May 31 (Reuters) – WE Soda, the world’s largest producer of natural soda ash, is looking to raise at least $800 million for its parent Ciner Group in an initial public offering (IPO), its chief strategy officer told Reuters, in a show of confidence in London’s capital markets. The ultimate size of the offering ... -
ECB warns of hit to top European banks if funds run into trouble
FRANKFURT, May 30 (Reuters) – The euro zone’s top banks may take a hit if their financial clients, such as funds, insurers and clearing houses, withdrew their deposits or otherwise ran into trouble, the European Central Bank warned on Tuesday. The ECB study looked into the risk of spillovers from so-called shadow banks — such ... -
Analysis: EU power battle risks denting planned safeguards for financial products
Some countries reject more centralised supervision Rules designed to improve investor confidence State/EU friction could weaken impact LONDON, May 24 (Reuters) – European Union plans to increase protections for consumers of financial services are reigniting a long-simmering power battle between national and EU regulators that could hamper how the tougher safeguards will be enforced. The ... -
European stocks muted as US debt ceiling concerns linger
Commodity-linked stocks among top decliners Defensive sectors support markets European chipmakers unfazed by China’s Micron ban Greek markets rally as conservative party wins election May 22 (Reuters) – European stocks were broadly flat on Monday, as concerns about a U.S. debt ceiling deal and the outlook for monetary policies in the United States and Europe ...
