PETERSBURG, June 19 (Reuters) – Italy’s biggest utility
Enel will exit Slovakia in about two years’ time but
intends to stick with its other east European investments, its
chief executive told Reuters on Friday.
The state-controlled utility, which owns assets in Romania
and Russia, is selling its 66 percent stake in Slovak power
company Slovenske Elektrarne as part of a 5 billion euro ($5.65
billion) asset disposal plan to cut debt and fund growth.
Global regulators are giving banks four more years to build up cash buffers, and that could be just what’s needed to spur lending, says Reuters regulation correspondent Huw Jones.
Read the full story on the new bank capital rules here.
BWIN’s move to tie up with a Belgian casino operator may be a blueprint for other firms trying to negotiate Europe’s tangle of conflicting gambling laws, says Reuters sports business correspondent Keith Weir. [yospace_video ratio=”16:9″]52870343[/yospace_video] Read Keith Weir’s full story on BWIN here.
Greece plans to spend €10bln buying back bonds as part of moves to reduce its ballooning debt. Reuters Athens correspondent George Georgiopoulos says the deal looks like it’s priced to succeed. [yospace_video ratio=”16:9″]52213013[/yospace_video]
Read the full story of Greece’s bond buyback here.
Major banks have announced 160,000 job cuts worldwide according to research by Reuters investment banks correspondent Sarah White. And the chances are that most of those posts are gone for good. [yospace_video ratio=”16:9″]51454513[/yospace_video]Sarah White’s story on bank job losses can be read here.
Euro zone growth beats forecasts in Q3, but the bloc is still back in recession and has little hope of growing its way out of the current debt crisis, says Reuters Breakingviews assistant editor Edward Hadas. [yospace_video ratio=”16:9″]51392687[/yospace_video]
Spain’s “bad bank” could be bad news for the country’s property developers. Reuters correspondent Tom Bill explains why: [yospace_video ratio=”16:9″]51036671[/yospace_video] Tom Bill’s story on Spain’s bad bank can be read here.
Starbucks faces fresh questions over its avoidance of tax in Europe, but Reuters correspondent Tom Bergin says politicians have only themselves to blame if they leave loopholes for companies to exploit. [yospace_video ratio=”16:9″]50738408[/yospace_video] Tom Bergin’s story on Starbucks can be read here.
Austerity budgets and competition from cheap generics are forcing big drugmakers to get creative about pricing – and that’s making an already fragmented European drugs market even more opaque, says Reuters European pharmaceuticals correspondent Ben Hirschler. [yospace_video ratio=”16:9″]50234642[/yospace_video] Ben Hirschler’s full report on big pharma’s pricing tactics can be read here.