Dispute could sink Italian bank Monte Paschi's rescue plan
Italian bank Monte dei Paschi di Siena (BMPS.MI) is trying to resolve differences with a key investor over its 5 billion-euro ($5.2 billion) rescue plan to allow the deal to go ahead and avoid a state bailout.
Bank of England says finance sector needs transitional Brexit deal soon
A transitional deal "sooner rather than later" on Britain's exit from the European Union would ensure Brexit does not undermine financial stability, a senior Bank of England official said on Wednesday.
EU states vote to allow higher anti-dumping duties
European Union countries agreed on Tuesday to reforms giving the bloc the possibility of imposing higher duties on excessively cheap imports that would help shore up its defenses under a new trading relationship with China.
UK must set out plans for transitional deal with EU
Britain will need a transitional trade agreement with the European Union, and the government should set out plans for it before beginning formal divorce talks with the bloc, members of parliament's upper house said on Tuesday.
Eni spreads Egypt gas field risk with Rosneft stake sale
Italian energy company Eni will sell a 30 percent stake in its giant Egyptian offshore gas field Zohr to Russia's Rosneft for $1.575 billion, pressing ahead with asset sales to fund investments and offset weak oil prices.
EU governments ready Brexit negotiating text
European Union leaders will set out plans this week for negotiating Britain's exit, diplomats said, after national officials met late on Monday to prepare an EU summit statement.
Turkey's AK Party submits reform plans aimed at expanding president's powers
Turkey's ruling AK Party on Saturday submitted to parliament a package of constitutional reform proposals that would expand the president's powers, party officials said, in a move that could potentially see President Tayyip Erdogan rule until 2029.
Greece to pay out benefit to low income pensioners - PM
Greek Prime Minister Alexis Tsipras announced late on Thursday that his government would spend 617 million euros in one-off welfare benefits for low income pensioners after the country exceeded its 2016 primary surplus target.
|
