Chinese Central Bank Cuts 5-Year Prime Lending Rate, Euro Stocks Affected – Analysis and Trends

Finance by Stefania Blasioli and Paolo Paronetto Tokyo closes negative. China’s central bank cut the 5-year prime lending rate (LPR) by 25 basis points 3′ reading (Il Sole 24 Ore Radiocor) – The handbrake is on European stock exchanges at the start, the day after a session already characterized by caution which saw the absence … Read more

Camfin’s Purchase of Pirelli Shares Strengthens Italian Shareholding to 20% – Il Sole 24 Ore

Finance Of Marigia Mangano The operation would consist of the purchase of a package of Pirelli shares by Camfin and an agreement between Mtp, Camfin’s parent company, and the Chinese partner Mr Niù for the control of another package of Pirelli shares 2′ reading The strengthening of would be in the pipeline Faith in Pirelli … Read more

Top Italian Banking Stocks on FTSEMIB: Monte dei Paschi di Siena, BPER Bank, UniCredit Gain in Afternoon Trading; Investment Director Predicts Positive Future

Top Italian Banking Stocks on FTSEMIB: Monte dei Paschi di Siena, BPER Bank, UniCredit Gain in Afternoon Trading; Investment Director Predicts Positive Future

Spotlight on main Italian banking stocks at FTSEMib. At 4.50 pm Monte dei Paschi di Siena it gained 5.98% to 3.228 euros, BPER Bank 3.3% to 3.126 euros e UniCredit 2.1% to 25.08 euros. Niall Gallagher – Investment Director of GAM – believes that, looking forward to 2024, the prospects remain positive for the sector … Read more

European Stock Exchange Travels Weakly, Wall Street Optimism Not Enough to Boost Parity – Investors Await US Inflation Data

European Stock Exchange Travels Weakly, Wall Street Optimism Not Enough to Boost Parity – Investors Await US Inflation Data

4′ reading (Il Sole 24 Ore Radiocor) – While waiting for the Christmas break and the data on American inflation, the European stock exchanges they are traveling weakly, despite the optimism of Wall Street, which rebounded the day before. So they oscillate around parity the FTSE MIB of Milan, the CAC 40 of Paris, the … Read more

European Stock Markets Rise After ECB’s Decision on Rates; Euro at 1.1 Dollars, China Industrial Production Up 6.6% – Finance News by Stefania Arcudi and Chiara Di Michele

European Stock Markets Rise After ECB’s Decision on Rates; Euro at 1.1 Dollars, China Industrial Production Up 6.6% – Finance News by Stefania Arcudi and Chiara Di Michele

Finance Of Stefania Arcudi e Chiara Di Michele In China industrial production +6.6% in November. Real estate companies are toasting the news that Beijing and Shanghai have eased restrictions on home purchases. Europe is rising after the ECB’s decision on rates. Euro touches 1.1 dollars, spread stable 3′ reading (Il Sole 24 Ore Radiocor) – … Read more

Unicredit and Hines Consortium Wins Redevelopment Tender for Former Scalo Farini in Milan

1′ reading The tender for the redevelopment of the former Scalo Farini in Milan has a winner. The winner of the area put on the market by Fs Sistemi Urbani was the consortium formed by the Americans from Hines together with Unicredit which defeated with its offer the competing consortium originally formed by Coima and … Read more

Exploring Alternative Methods of Payment: The Impact of High Transaction Fees on Cash and Card Transactions

Exploring Alternative Methods of Payment: The Impact of High Transaction Fees on Cash and Card Transactions

The use of cash is certainly not experiencing a massive comeback, but it turns out that the fees for terminals and card transactions are so high that companies do not want to “subsidize” banks or payment card issuers. At the same time, the effort to create alternative ways for mobile payment is also growing. When … Read more

Shared ATM Network: Deposit Money at Komerční banka, Moneta Money Bank, Air Bank, and UniCredit Bank

Shared ATM Network: Deposit Money at Komerční banka, Moneta Money Bank, Air Bank, and UniCredit Bank

From the beginning of 2024, clients of Komerční banka, Moneta Money Bank, Air Bank and UniCredit Bank will gradually be able to deposit money in the shared ATM network under the same conditions as at their own bank’s facilities. The banks announced this in a joint statement on Thursday. This is the next step in … Read more

Unicredit Group Announces Merger of Unicredit Bank Slovenia with Unicredit Bank Austria

The listed Unicredit Group wants to merge Unicredit Bank Slovenia with Unicredit Bank Austria. In the course of the merger, the Slovenian entity is to become a branch of Wiener Bank Austria. As announced in a broadcast, the group has started examining a merger. An evaluation plan is to be submitted to the committees and … Read more

Austrian Raiffeisenbank International considers sale or spin-off of Russian business: Who will buy and gain Kremlin approval?

EFinally the Austrian Raiffeisenbank International (RBI) is going on the offensive. The pressure from the public and the shareholders, which was built up primarily by Ukraine and most recently also by the European Central Bank, was too strong. The bank may part with its business in Russia. Now RBI boss Johann Strobl gave in to … Read more