Political risk hits Italian banks while European shares rise
Milan: European shares edged up on Wednesday, supported by strength among mining stocks and some solid earning updates, although a drop in Italian banks on fresh political worries weighed.
The pan-European STOXX 600 index rose 0.2 percent by 0713 GMT, hovering around its highest level since early February, while Italy's FTSE MIB .FTMIB fell 0.8 percent.
Italian banks .FTIT8300, which are seen as a proxy for political risk in the country due to their government bond holdings, fell as much as 1.1 percent as borrowing costs rose after a report that Italy’s 5-Star and League plan to ask the ECB to forgive 250 billion euros of Italian debt.
Top gainers on the STOXX were Britain’s leading software company Micro Focus International (MCRO.L) and French manufacturing group Alstom (ALSO.PA), up 5 and 6 percent respectively following their trading updates.
Elior (ELIOR.PA), however, fell 15 percent following a profit warning.
Shares of Tesla Inc (TSLA.O) fell more than 4 percent in trading before the bell, after a report that the electric car maker has turned to some suppliers for a refund of previously made payments in a bid to turn a profit.
U.S. private equity firm Blackstone Group (BX.N) has secured EU antitrust approval to acquire a majority stake in Thomson Reuters’ (TRI.TO) Financial and Risk unit, the European Commission said.
"I will take tuition from you," Javadekar told TMC leader and Professor Saugata Roy as they differed over the use of the word 'predatory journals' in the Lok Sabha.
European Commission President Jean-Claude Juncker will not arrive in the United States for talks with U.S. President Donald Trump with a specific trade offer, the Commission said.
Kejriwal welcomed the SC's order that said there cannot be a "complete ban" on holding protests and sit-ins at places like Jantar Mantar and Boat Club.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.