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A logo of Monte dei Paschi di Siena bank is seen on the ground in Siena

Monte Paschi sees €4.8 billion loss in 2016; cuts thousands of jobs

25/10/2016(0)
Italy’s third-largest bank, Monte dei Paschi di Siena, has resolved to write down bad loans, lay off a tenth of its staff and raise €5 billion. The planned overhaul ... Read More
oil-price-L-reuters

Russia & Saudi Arabia agree to stabilize oil market

25/10/2016(0)
Moscow and Riyadh have found common ground on a possible agreement with OPEC and a plan to stabilize oil prices after a meeting in the Saudi capital. Russian Energy ... Read More
gas pipeline

The Gas demand in Europe is expected to increase by 6%

24/10/2016(0)
Gas consumption is expected to increase by 6% compared with 2015, according to the latest estimates from Eurogas. This rise is partly due to increased demand for gas in ... Read More
Hanjin Shipping

Hanjin Shipping to shut its operations in Europe

24/10/2016(0)
South Korea’s Hanjin Shipping Co. said Monday it plans to close its European operations, in the latest sign that the troubled company is heading toward liquidation. Hanjin 117930, -11.84%  , South Korea’s ... Read More
Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad

Oil prices drop as Iraq says doesn’t want to join OPEC cut

24/10/2016(0)
Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, ... Read More
uk-commercial-property

European Property Investors shift in opportunities in smaller economies

24/10/2016(0)
The European commercial real-estate market is shifting, with the hottest cities cooling off as investors’ interest in other locations grows. Real-estate markets throughout Europe saw investors pile in following ... Read More
gold_dollar_market

Fiat money and gold

21/10/2016(0)
It is time to revisit the Fiat Money Quantity (FMQ), which totals US dollar money deposited in the banking system, the commercial banks’ money on deposit at the Fed ... Read More
smoking-tobacco

Tobacco giant eyes $47 billion merger

21/10/2016(0)
British American Tobacco has launched a $47 billion (£38 billion) bid to buy US tobacco giant Reynolds. The tobacco giant, which already owns 42.2% of Reynolds, has offered $55.5 per ... Read More
mercedes

Mercedes increased profits help offset Trucks earnings slump in Daimler Q3 Results

21/10/2016(0)
Unit sales 5% above prior-year level at 754,100 vehicles Revenue up by 4% to €38.6 billion Significant increase in Group EBIT to €4,037 million (Q3 2015: €3,661 million) Group ... Read More
Microsoft logo at the 2014 Computex exhibition in Taipei

Microsoft shares hit all-time high as earnings beat expectations

21/10/2016(0)
Microsoft shares rose to an all-time high in after-hours trading on 20 October, after the software giant posted better-than-expected first quarter results. Net profit rose 6% from a year ... Read More
Broker Cyprus TopFX