Italy, EU agree tougher conditions for Monte dei Paschi bailout
CERNOBBIO, Italy (Reuters) – Italy and the European Commission have agreed that Banca Monte dei Paschi di Siena will have to carry out a larger-than-expected capital hike, cut costs and reduce its large government bond holdings in order to win a EU gre…
Sawiris eyes Telecom Italia, but concerned about Rome
MILAN (Reuters) – Egyptian telecoms tycoon Naguib Sawiris said on Saturday he was still interested in taking a stake in Telecom Italia but might be discouraged if the Italian government was opposed.
French tycoon Bollore candidate for top Vivendi job: report
PARIS (Reuters) – French tycoon Vincent Bollore, Vivendi’s main shareholder, is willing to take the helm of the media and telecoms group, French media reported on Saturday.
EU Commissioner says preparing statement on Gazprom pricing probe
CERNOBBIO, Italy (Reuters) – The European Commission is preparing a formal statement informing Gazprom of allegations raised during an investigation into suspected anti-competitive gas pricing, EU Competition Commissioner Joaquin Almunia said on Saturd…
Italy won’t block foreign takeovers: Economy Minister
MILAN (Reuters) – Italy has no plans to oppose foreign takeovers of domestic companies, its economy minister said on Saturday, as suitors size up Telecom Italia and Finmeccanica’s power engineering business.
BMW faces Indian import duty probe, possible fine: report
FRANKFURT (Reuters) – German carmaker BMW faces a fine of at least $100 million euros in India for alleged violations of import rules, WirtschaftsWoche reported.
Daimler sees decision on Nissan, Mexico by year-end
FRANKFURT (Reuters) – Germany’s Daimler is examining the joint production of small luxury vehicles with Japan’s Nissan Motor at a Nissan plant in Mexico, and expects a decision by the end of the year, a group board member told a German newspaper.
Greek premier says economic pain will ease next year
ATHENS (Reuters) – Greece’s economic pain will ease in 2014 as it exits a recession that will be less acute than forecast this year, helping the country meet its bailout targets, Prime Minister Antonis Samaras said on Saturday.
Minister says Italy will dodge political crisis
CERNOBBIO, Italy (Reuters) – Economy Minister Fabrizio Saccomanni expressed hope on Saturday that Italy’s fragile ruling coalition could avoid a breakdown which he warned would threaten strained finances and risk wrecking credibility won during months …
China buys into giant Kazakh oilfield for $5 billion
ASTANA (Reuters) – Chinese President Xi Jinping struck a deal with Kazakhstan on Saturday giving China a stake in its giant Kashagan oil project, a highlight of his tour of Central Asia to secure hydrocarbons for the world’s largest energy consumer.
