UniCredit shares rise 15 percent, leading Milan stocks
Shares in UniCredit (CRDI.MI) soared 15 percent after a brief suspension from trading on the Milan bourse on Thursday, with traders citing a report on a Kazakhstan investor in the Italian bank and a Blackrock (BLK.N) statement on Wednesday.
Kazakh bank BTA to sell Sekerbank stake to wealth fund
Kazakh bank BTA is poised to sell its 34 percent stake in Turkey's Sekerbank to its main shareholder, sovereign wealth fund Samruk-Kazyna, as it attempts to persuade angry creditors to accept a second debt restructuring.
Mafia now "Italy's No.1 bank" as crisis bites: report
Organized crime has tightened its grip on the Italian economy during the economic crisis, making the Mafia the country's biggest "bank" and squeezing the life out of thousands of small firms, according to a report on Tuesday.
EU ministers plan Iran oil embargo, IAEA team to visit
Europe and Japan moved ahead Tuesday in planning for punitive cuts in oil imports from Iran, where a senior official dismissed Western anger at news Tehran is enriching uranium deep underground as cover for ulterior motives.
The benchmark 2018 bond of Kazakh sovereign wealth fund's BTA Bank hit 10-day highs on Monday, on speculation the bank would pay overdue $160 million coupons rather than risk creditors calling in billions of dollars of outstanding debt.
Analysis: Kazakh leader reinforces power with oil sackings
Kazakh President Nursultan Nazarbayev's decision to fire his son-in-law for mishandling an oil workers' strike is a signal to would-be successors that the veteran leader is not ready to relinquish his firm grip on power in the Central Asian state.