Banco BPM says regulation decision to suspend UniCredit takeover bid is ‘abnormal’Italy’s Banco BPM has criticized as “abnormal” a late-Wednesday decision by Italian market regulator Consob to suspend for 30 days a takeover bid for the bank launched by domestic rival UniCredit.Banco BPM had rejected the $10.5 billion purchase offer in November, while Italian regulators in April issued a spate of conditions for UniCredit to march ahead with its proposal. UniCredit has since requested time to “clarify the content of the measures, which remains unclear,” according to a CNBC translation of the Consob notice.In CNBC-translated comments, Banco BPM said the…
Author: usaeverydaylife
Traders work on the floor of the New York Stock Exchange in New York, May 19, 2025.Spencer Platt | Getty Images News | Getty ImagesThe U.S. debt-and-deficit situation is bad and facing real prospects of getting worse, triggering a high-profile credit rating downgrade from Moody’s and another selling stampede in stocks and bonds.Whether the recoil in financial markets continues is largely in the hands of policymakers who seem intent on adding to the U.S. fiscal problems in the name of stimulating growth through President Donald Trump’s “big, beautiful” spending bill.For now, Wall Street experts are not optimistic about what happens…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailSquawk Box EuropeEasyjet CEO Kenton Jarvis discusses the firm’s first-half results and explains why airlines across the sector are facing supply chain issues.05:0228 minutes ago Source link
U.S. President Donald Trump, accompanied by Speaker of the House Mike Johnson, speaking to the media as he departs a House Republican meeting at the U.S. Capitol on May 20, 2025, in Washington, D.C.Andrew Harnik | Getty Images News | Getty Images It’s one bad headline after another coming from the White House these days. Just as the tariff-related turmoil rocking markets subsided — and only temporarily, since the clock is still ticking on the pause on “reciprocal tariffs” — fears of ballooning U.S. debt are sparking another broad sell-off in markets. This time, investors are wary because President Donald…
Romain Costaseca | Afp | Getty ImagesBitcoin continued its rally on Thursday, hitting a brand new record high above $111,000.Bitcoin hit $111,886.41 in early trading hours in London, according to Coin Metrics, before paring some of those gains to trade at around $111,012.00 at 07:03 a.m. London.Bitcoin’s move has been “driven by a mix of positive momentum, growing optimism around U.S. crypto regulation, and continued interest from institutional buyers,” James Butterfill, head of research for crypto-focused asset manager CoinShares, told CNBC by email.The price rise in world’s largest cryptocurrency is taking place despite a drop in U.S. stock markets on Wednesday.Bitcoin has typically correlated with…
No stock is off the table for Simon Adler, a value investor at Schroders. “We are happy to buy the worst business you have ever conceived, provided it is cheap enough,” Adler told the Value Investor conference of fund managers in London on Wednesday. Adler co-manages the Global Recovery, Global Income and Global Sustainable Value strategies at the British asset manager. He said he can back up his claim. “We can prove that because we have bought the worst business anyone can conceive,” Adler added, before describing Italian oilfield services company Saipem as a “truly rubbish” stock in 2022. Yet,…
Russian President Vladimir Putin tours an exhibition at the Central Museum of the Great Patriotic War on Poklonnaya Gora in Moscow, Russia, April 30, 2025.Alexander Kazakov | Via ReutersRussia has shown little appetite for peace negotiations with Ukraine, despite Moscow making a show of what war experts described as “performative ceasefires,” and a number of attempts by U.S. President Donald Trump to persuade Russian leader Vladimir Putin to talk to Kyiv.In fact, Moscow is widely believed to be planning a new summer offensive in Ukraine to consolidate territorial gains in the southern and eastern parts of the country, that its…
King Charles III, patron of the Royal Horticultural Society, walks through the RHS and BBC Radio 2 Dog Garden during a visit to the RHS Chelsea Flower Show at Royal Hospital Chelsea on May 20, 2025 in London, England.Wpa Pool | Getty Images Entertainment | Getty ImagesThis week saw one of the most important — and perhaps surprising — events in corporate Britain’s annual calendar: the gala night of the Royal Horticultural Society (RHS) Chelsea Flower Show.This traditionally marks the beginning of what, in English high society, is referred to as “the season.”Coined as such by Debrett’s, the publisher and authority…
Nike shoes are seen in the King of Prussia Mall, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump’s decision to impose import tariffs on dozens of countries, in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel Wisniewski | ReutersNike will raise prices on a wide range of footwear, apparel and equipment as soon as this week as the retail industry braces for tariffs to hit its profits, CNBC has learned.Prices for Nike apparel and equipment for adults will increase between $2 and $10, a person familiar with the matter said. Footwear…
The flag of Israel is projected onto 10 Downing Street, in London, Britain, October 8, 2023.Clodagh Kilcoyne | ReutersTwo staff members of Israel’s Embassy in Washington, D.C., were shot dead outside the district’s Capital Jewish Museum, officials said, in what Israel’s ambassador to the United Nations called a “depraved act of anti-Semitic terrorism.”Four senior law enforcement officials briefed on the shooting told NBC News a man opened fire, hitting a man and woman. The man shouted, “Free Palestine” while he was being arrested, three senior law enforcement officials said.His identity has not yet been released by authorities.The gunfire erupted as…
