Italy criticizes ECB over Monte Paschi capital decision
MILAN/FRANKFURT (Reuters) – The European Central Bank should have explained more clearly why it nearly doubled its estimated capital shortfall for the ailing Monte dei Paschi di Siena bank, which is being bailed out by the state, Italy’s economy minis…
Italy government not indifferent to Vivendi’s stake building in Mediaset
MILAN (Reuters) – Italy’s Prime Minister said on Thursday the government is not indifferent to France’s Vivendi building its stake in private broadcaster Mediaset , but has no special powers to counteract the move.
China to take steps to attract foreign investment: state radio
BEIJING (Reuters) – China will take more measures to open up and attract foreign investment, state radio reported on Thursday, citing a cabinet meeting led by Premier Li Keqiang.
Japan’s Nomura sees opportunities from Trump’s pro-business agenda
TOKYO (Reuters) – Nomura Holdings Inc sees opportunities in the pro-business stance of U.S. president-elect Donald Trump, though his protectionist tilt brings uncertainty to the global economy, said the chief of Japan’s biggest brokerage and investmen…
Dow’s 20,000 barrier, weak European banks dent stocks
LONDON (Reuters) – European shares, the dollar and bond yields fell on Thursday, with traders using the quiet holiday period to book some profit on the rise that had lifted all three to multi-year and in some cases record highs recently.
China business confidence index rises for third straight quarter: central bank survey
BEIJING (Reuters) – Business confidence among entrepreneurs in China rose for the third straight quarter in October-December, according to a survey by the People’s Bank of China published on Thursday.
Oil prices steady as U.S. inventory build slows upswing
LONDON (Reuters) – Oil prices steadied on Thursday after a surprise increase in U.S. inventories helped stall an upwards trend that has pushed global crude benchmarks to their highest levels since July last year.
Toshiba shares, bonds tumble as second downgrade fans writedown fears
TOKYO (Reuters) – Shares in Toshiba fell more than 19 percent on Thursday, clocking a third day of heavy losses after the Japanese tech-to-nuclear conglomerate said earlier this week it faced a potential multi-billion dollar writedown.
Takata could settle U.S. criminal probe next month: source
(Reuters) – Japan’s Takata Corp , maker of defective air bags that have been linked to 11 U.S. deaths, could settle criminal charges with the U.S. Department of Justice before the Obama administration leaves office next month, a source briefed on the o…
Kate Spade exploring sale: WSJ
(Reuters) – Hand bag and accessories maker and retailer Kate Spade & Co, under pressure from an activist investor, is exploring a sale and is working with a bank to sound out possible buyers, the Wall Street Journal reported, citing people familiar with the matter.
