Italy
European markets expected to nosedive after Fed signals fewer rate cuts ahead; BOE decision in focus
European markets are expected to nosedive at the open Thursday, following their global counterparts lower after the U.S. Federal Reserve signalled yesterday that few rates cuts are on the horizon. The U.K.’s FTSE 100 index is expected to open 84 points lower at 8,105, Germany’s DAX down 265 points at 19,993, France’s CAC down 105 points […]
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UniCredit raises stake in Commerzbank to 28% as Orcel ups ante on pursuit
The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Emanuele Cremaschi | Getty Images News | Getty Images Italy’s UniCredit said on Wednesday it has raised its potential stake in Commerzbank to 28% using further derivatives, as markets watch whether it will take the leap with a buyout […]
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I bought one of Sicily’s famous $1 homes and spent $446K renovating it—take a look inside
Meredith Tabbone lives in Chicago, but for the last five years, she’s spent countless hours and nearly half a million dollars to build her dream home in Italy. It all started in early 2019 when Tabbone learned about a town in Italy, Sambuca di Sicilia, that was auctioning off abandoned properties starting at 1 euro, […]
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Stellantis shares slide 8% after CEO departure as broader European markets decline
Euro slides with French government on brink The euro tumbled 0.72% against the U.S. dollar, trading at $1.0497 at 8:40 a.m. in London, as traders monitored political volatility in France. The odds that the fragile government led by Michel Barnier will be toppled in a no-confidence vote by the far-right and a left-wing coalition appeared […]
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I’m a travel writer who has visited 68 countries—the 4 ‘magical places’ I think about moving to most
I wonder what it would be like to live in most of the places I visit, but I know I can’t make everywhere home. As much as I would love to wake up in Sydney every morning, Australia is just a little too far away from everywhere else. As vibrant as Istanbul is, it’s a […]
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How to ‘tariff-hedge’ your European portfolio, according to TS Lombard
As Europe faces the prospect of tariffs on its exports to the United States, TS Lombard has advised investors in the region on how to “tariff-hedge” their portfolios. U.S. President-elect Donald Trump warned ahead of his election win that he would introduce a blanket tariff of up to 20% on all imports . This week […]
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Trump’s tariff threats have rattled Europe’s auto giants — but Ferrari appears remarkably unfazed
Workers on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024. Francesca Volpi | Bloomberg | Getty Images Ferrari is thought to be something of a special case among Europe’s automobile sector even as many car giants come under pressure from the threat of U.S. tariffs. […]
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‘The key to becoming rich’: How to conquer a money bias that could be holding you back, from a financial psychologist
If you’re like most people, you likely know that you need to make a few key moves to get your finances on track. You just haven’t quite gotten around to it yet. Those who feel stuck in the mud financially can take some solace in the fact that they come by it honestly. That’s because […]
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Europe markets open lower as global rally stutters; investors digest Trump tariff implications
European stocks opened lower Tuesday as investors assess the global implications of U.S. President-elect Donald Trump’s plans to hike tariffs on China, Mexico and Canada. The regional Stoxx 600 was down 0.61% at 8:10 a.m. London time as all sectors bar telecoms retreated. Autos led losses, down 2.1%. The index had ended in the green for a […]
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European stocks close higher as global markets rally; UniCredit falls 5% after making offer for Banco BPM
European markets close slightly higher European stocks closed slightly higher Monday, buoyed by positive sentiment stateside. The pan-European Stoxx 600 provisionally ended 0.14% higher, with most sectors and major bourses in the green. Household goods and mining stocks led gains, both adding 1.21%, while oil and gas stocks fell 1%. — Karen Gilchrist Dow and […]
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