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Italy hires banks as global coordinators, bookrunners in Poste stake sale

Italy hires banks as global coordinators, bookrunners in Poste stake sale ROME, Oct 4 (Reuters) - Italy's Treasury said on Friday it had hired Intesa Sanpaolo, Mediobanca, UniCredit, Citi, Deutsche Bank and JPMorgan as global coordinators for the sale of around 14% stake in postal service Poste Italiane PST.MI . Barclays, BNP Paribas, Morgan Stanley, Société Generale and UBS will act as bookrunners, the Treasury said in a statement.
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Denmark's DSV raises $5.5 bln for Schenker acquisition

UPDATE 2-Denmark's DSV raises $5.5 bln for Schenker acquisition Updates to add completion of equity offering, share price in paragraphs 1-5, preliminary results in paragraphs 9-10 COPENHAGEN, Oct 4 (Reuters) - Denmark's DSV DSV.CO said on Friday it h ad raised $ 5.5 billion in a share issue to partially finance i ts acquisition of Schenker, a deal that would make it the world's biggest logistics company.
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Mediobanca CEO says conditions not right for cross-border bank M&A in Europe

UPDATE 2-Mediobanca CEO says conditions not right for cross-border bank M&A in Europe Releads with Mediobanca CEO's comments MILAN, Oct 3 (Reuters) - Conditions are not favourable for cross-border banking tie-ups in Europe, the head of Italy's Mediobanca MDBI.MI said on Thursday, adding that a potential acquisition of Commerzbank by UniCredit would not qualify as a cross-border deal.
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Bumper Fed rate cut supercharges central banks' easing cycle in September

GRAPHIC-Bumper Fed rate cut supercharges central banks' easing cycle in September By Karin Strohecker and Sumanta Sen LONDON, Oct 3 (Reuters) - Led by the U.S. Federal Reserve, developed market central banks in September delivered their biggest interest rate cut push since the easing wave at the onset of the COVID-19 pandemic, while Brazil kicked off a fresh tightening cycle.
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Greece concludes post-crisis bank privatisations with 10% stake sale in National Bank

UPDATE 2- Greece concludes post-crisis bank privatisations with 10% stake sale in National Bank Adds official announcement, bookrunners By Lefteris Papadimas ATHENS, Oct 3 (Reuters) - Greece concluded on Thursday the re-privatisation of its lenders with the sale of a 10% stake in National Bank (NBG) amid strong demand from investors, t he bank bailout fund said.
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Big banks add October cut to ECB forecasts

FACTBOX-Big banks add October cut to ECB forecasts Adds changes to UBS Global Wealth Management, Societe Generale and UBS Global Research LONDON, Oct 2 (Reuters) - Major brokerages, including Goldman Sachs and JPMorgan, now expect the European Central Bank to deliver a quarter-point cut at its Oct. 17 meeting, on the back of recent data showing economic weakness and slowing inflation.
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Big banks add October cut to ECB forecasts

FACTBOX-Big banks add October cut to ECB forecasts Adds change to Citi forecast LONDON, Oct 2 (Reuters) - Major brokerages, including Goldman Sachs and JPMorgan, now expect the European Central Bank to deliver a quarter-point cut at its Oct. 17 meeting, on the back of recent data showing economic weakness and slowing inflation. Market pricing now reflects around a 90% chance of such a rate cut, which would follow reductions at the ECB's June and September meetings, as the data pushes policy make
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Italy's Brembo sells Pirelli shares, Tronchetti's Camfin raises stake

UPDATE 3-Italy's Brembo sells Pirelli shares, Tronchetti's Camfin raises stake Pirelli shares sold at 5.07 euros each in ABB process Brembo raised 282.9 mln euros from share placement Camfin increased Pirelli stake to 25.28% Recasts after deal completion, Camfin statement By Giulio Piovaccari MILAN, Oct 2 (Reuters) - Brembo BRBI.MI has sold its entire 5.6% stake in tyre maker Pirelli PIRC.MI for around 283 million euros ($313 million), a move dampening speculation about a merger between the two
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Assessing the impact of potential tax hikes on French stocks

RPT-LIVE MARKETS-Assessing the impact of potential tax hikes on French stocks Repeats to include named item code with no changes to text STOXX 600 up 0.4% Banks drag Real estate leads, up 1.4% Euro zone inflation eases Oct 1 (Reuters) - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com ASSESSING THE IMPACT OF POTENTIAL TAX HIKES ON FRENCH STOCKS France finally has a new government,
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Assessing the impact of potential tax hikes on French stocks

LIVE MARKETS-Assessing the impact of potential tax hikes on French stocks STOXX 600 up 0.4% Banks drag Real estate leads, up 1.4% Euro zone inflation eases Oct 1 (Reuters) - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com ASSESSING THE IMPACT OF POTENTIAL TAX HIKES ON FRENCH STOCKS France finally has a new government, but investor jitters remain fraught amid media reports that ne
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Big banks add October cut to ECB forecasts

FACTBOX-Big banks add October cut to ECB forecasts Updates with latest forecasts LONDON, Oct 1 (Reuters) - Major brokerages, including Goldman Sachs and JPMorgan, now expect the European Central Bank to deliver a quarter-point cut at its Oct. 17 meeting, on the back of recent data showing economic weakness and slowing inflation. Market pricing now reflects around a 90% chance of such a rate cut, which would follow reductions at the ECB's June and September meetings, as the data pushes policy mak
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China's central bank buys 200 bln yuan of sovereign bonds in September

CORRECTED-UPDATE 1-China's central bank buys 200 bln yuan of sovereign bonds in September Corrects Sept. 30 story to fix Wei Li's title in paragraph 6 SHANGHAI, Sept 30 (Reuters) - The Chinese central bank said on Monday it had bought 200 billion yuan ($28.52 billion) of the country's government bonds in open-market operations in September. China's long-dated bond yields reversed sharply last week, after touching record lows, after the central bank and government authorities announced massive st
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China's benchmark stock index posts biggest daily gain since 2008

QUOTES-China's benchmark stock index posts biggest daily gain since 2008 Updates with closing details, adds comments Sept 30 (Reuters) - China's stock markets have been on a tear since Beijing rolled out a flurry of stimulus measures last week and over the weekend to jolt the beaten-down market and revive a slowing economy. On Monday, the blue-chip CSI 300 index .CSI300 closed up 8.48% to its highest level in m ore than a year, after clocking its best weekly performance in nearly 16 years last w
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China's benchmark stock index on track for biggest daily gain since 2008

QUOTES-China's benchmark stock index on track for biggest daily gain since 2008 Sept 30 (Reuters) - China's stock markets have been on a tear since Beijing rolled out flurry of stimulus measures last week and over the weekend to jolt the beaten-down market and revive a slowing economy. On Monday, the CSI300 blue-chip index .CSI300 surged 8% to its highest level in over a year after clocking its best weekly performance in nearly 16 years last week.
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Poor euro zone data flow keeps adding to case for ECB rate cut

WRAPUP-Poor euro zone data flow keeps adding to case for ECB rate cut French, Spanish Sept inflation falls faster than expected German labour market continues to cool Investors now see 75% chance of October rate cut By Balazs Koranyi FRANKFURT, Sept 27 (Reuters) - Inflation has eased more than expected in two of the euro zone's biggest economies and the German jobs market has continued to cool this month, adding to an already substantial case for the European Central Bank to cut borrowing costs
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French markets remain hostage to political rollercoaster

GRAPHIC-French markets remain hostage to political rollercoaster French bonds under pressure, risk premium highest since euro zone debt crisis Stocks also underperforming as political uncertainty premium remains French bank shares remain below levels before Macron called snap election LONDON, Sept 27 (Reuters) - France finally has a new government , but it is unclear how long it will survive, so the political uncertainty hanging over French financial markets is unlikely to lift anytime soon.
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Commerzbank fight is stress test for EU bank union

BREAKINGVIEWS-Commerzbank fight is stress test for EU bank union The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Refiles to add note to third graphic to specify that ‘banks’ are as classified by the Global Industry Classification Standard. By Peter Thal Larsen LONDON, Sept 27 (Reuters Breakingviews) - Commerzbank CBKG.DE has long been an also-ran in European banking.
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Australia's Vulcan Energy gains on plans to acquire Germany-based Geox GmbH

BUZZ-Australia's Vulcan Energy gains on plans to acquire Germany-based Geox GmbH ** Shares of Vulcan Energy Resources VUL.AX climb as much as 6.7%, their highest levels since early August ** The lithium explorer says it will acquire Germany-based Geox GmbH for 15 mln euros ($16.76 mln) to consolidate production assets of Zero Carbon Lithium Project
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Citi joins hands with Apollo for $25 bln private credit program

UPDATE 5-Citi joins hands with Apollo for $25 bln private credit program Adds shares in paragraph 3 By Niket Nishant Sept 26 (Reuters) - Citigroup C.N and Apollo Global APO.N have partnered for a $25 billion private credit and direct lending program, illustrating a growing alliance between banks and non-banks looking for a slice of the lucrative $2 trillion market .
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Germany's Commerzbank has a bumpy history with big M&A

TIMELINE-Germany's Commerzbank has a bumpy history with big M&A Updates timeline last published on Sept. 18 with new introduction and entries, updated graphic By Tom Sims FRANKFURT, Sept 26 (Reuters) - Commerzbank CBKG.DE will hold a first round of talks with UniCredit CRDI.MI on Friday as the Italian lender presses for a possible tie-up. Commerzbank has, like some other banks, had a rocky history with big mergers and acquisitions over the years.
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