Italy
Caught cold by UniCredit’s swoop on Commerzbank, Germany will want to avoid a national embarrassment
A protestor holds a placard with a slogan reading “Stop Merger Horror” during a union demonstration outside the Commerzbank AG headquarters in Frankfurt, Germany, on Tuesday, Sept. 24, 2024. Bloomberg | Bloomberg | Getty Images Italy’s UniCredit appears to have caught German authorities off guard with a potential multibillion-euro merger of Frankfurt-based Commerzbank, a move […]
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European markets open higher despite regional growth concerns
Tourists take pictures under the rain in front of the Eiffel Tower in Paris. Lionel Bonaventure | AFP | Getty Images LONDON — European stocks are expected to open in mixed territory Tuesday as economic uncertainty and concerns over Europe’s growth outlook return to the fore. The U.K.’s FTSE index is expected to open 4 […]
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European markets flat as French and German PMIs point to renewed downturn
Customers sit outside at a cafe terrace in Paris, France, on Nov. 10, 2021. Bloomberg | Bloomberg | Getty Images LONDON — European stocks were flat in early trade Monday morning as German and French business activity data pointed to renewed declines in the region’s two largest economies. The pan-European Stoxx 600 index opened modestly […]
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FanDuel parent Flutter looks for international growth with big acquisitions in Italy, Brazil
People walk by a banner outside of the New York Stock Exchange (NYSE) for the IPO of Flutter Entertainment, the parent company of FanDuel, on January 29, 2024 in New York City. Spencer Platt | Getty Images FanDuel parent Flutter Entertainment will spend $2.6 billion (2.3 billion euros) to acquire Italian gambling company Snaitech from […]
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Europe markets rise ahead of key inflation data
People cross a street in front the headquarters building of the European Central Bank (ECB) in Frankfurt am Main, western Germany, on June 5, 2024. Kirill Kudryavtsev | Afp | Getty Images LONDON — European markets were higher on Friday, the last trading day of August, as investors looked to key inflation data from across […]
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European markets start the new trading week in mixed territory
London’s Bishopsgate, the British capital’s financial district. Vuk Valcic | Sopa Images | Lightrocket | Getty Images LONDON — European stocks started the new trading week in mixed territory, after global markets rallied last week. The pan-European Stoxx 600 index was marginally lower in opening deals, down 0.08%, with sectors and major bourses diverging. Tech […]
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European markets close mixed after U.S. jobs data boosts sentiment
Tourists visiting the city take boat trips on the canals in Amsterdam, Netherlands on May 25, 2024. Anadolu | Anadolu | Getty Images LONDON — European stocks nudged just above the flatline in late trade Thursday, helped along by a revival in confidence around the U.S. economy. The pan-European Stoxx 600 index closed 0.02% higher […]
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Italy looks like fertile ground for a mega merger deal in banking
Key Points “If you assess individual banks in Italy, it’s difficult not to believe that something will happen, I would say, over the next 12 months or so,” Antonio Reale, co-head of European banks at Bank of America, told CNBC. Speaking in March, Italy’s Economy Minister Giancarlo Giorgetti said “there is a specific commitment” with […]
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European markets plunge 2.5% as global volatility deepens; mining stocks shed 3.6%
A stock exchange in Germany. Torsten Silz | AFP | Getty Images LONDON — European stocks fell sharply at the start of Monday’s session, as global volatility continues amid concerns of a looming U.S. recession. The regional Stoxx 600 index was 2.34% lower by 8:52 a.m. London time, with all sectors and major regional bourses […]
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Trying to cut back? These 10 places are deemed the ‘best’ places for an alcohol-free trip
Years ago, the manager of a hotel in Koh Samui, Thailand told me about an unusual booking that he once received during the middle of the night. A traveler had flown his entire family via private jet from Brunei to the Thai island after learning upon landing in Brunei that it is a “dry country” […]
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