Alitalia raises less than two-thirds of cash call
MILAN (Reuters) – Italian airline Alitalia received less than two thirds of the 300 million euros ($407 million) it was seeking in an emergency cash call and said it expects to raise the rest from the state-owned postal service and other investors.
Exclusive: UBS shrinks advisory team for rich in emerging markets
ZURICH/DUBAI (Reuters) – Swiss lender UBS is scaling back corporate advisory and investment banking services for ultra-rich clients in some emerging market countries to reduce overlap with other departments, three sources familiar with the plan said.
Thousands of German workers protest against EADS shake-up
MANCHING, Germany (Reuters) – More than 20,000 workers from European aerospace group EADS took to the streets in Germany on Thursday to protest against restructuring plans they fear could cost thousands of jobs.
Analysis: U.S. sanctions make Cuba’s bank account too toxic for banks
MIAMI (Reuters) – The decision by a New York bank to close Cuba’s checking account in the United States has presented an unusual diplomatic quandary that provides a test for new-found pragmatism in relations between the two longtime foes.
German utility E.ON plans sale of Italian business
FRANKFURT/MILAN (Reuters) – Germany utility E.ON has started preparations for the sale of its Italian business and will soon begin the search for a buyer, four people familiar with the matter said, at a price likely to be about 3 billion euros ($4 bill…
Delek Group third-quarter net slips 25 percent after U.S. unit loss, tax expense
JERUSALEM (Reuters) – Israeli conglomerate Delek Group reported a 25 percent drop in quarterly net profit due to a loss in its U.S. fuel sector operations and a one-time tax expense.
Thomas Cook ramps up targets as overhaul yields profit leap
LONDON (Reuters) – Thomas Cook raised its revenue and cost-cutting targets in the latest stage of a profit-boosting turnaround at the world’s oldest travel firm, sending its shares to a near three-year high.
Euro zone loans contraction increases pressure on ECB
FRANKFURT (Reuters) – A contraction in loans to households and companies in the euro zone quickened in October, piling pressure on the European Central Bank to do more to buoy the euro zone’s weak recovery.
German unemployment climbs to highest level since April 2011
BERLIN (Reuters) – German unemployment rose to its highest level in two-and-a-half years in November, new data showed, a day after Chancellor Angela Merkel unveiled coalition plans that row back on decade-old reforms credited with rejuvenating the labo…
China’s reforms to hit investment trust industry hard: study
BEIJING (Reuters) – The breakneck pace of growth in China’s 10 trillion yuan ($1.64 trillion) investment trust industry is unsustainable and earnings risk drying up as the government steps up financial reforms that will change sources of revenue, resea…
