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Paschi bondholders to be shielded in UniCredit takeover

Bloomberg Banca Monte dei Paschi di Siena SpA’s bondholders are expected to be shielded from any losses in the event of a takeover by UniCredit SpA, according to people familiar with the matter. UniCredit and the Italian Treasury are looking at options to protect holders of Paschi debt from losses if the deal is finalised, including the possibility for Italy’s ...

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Stocks gain as earnings offset fresh China clampdown worries

Bloomberg Stocks in Europe extended a record advance on Tuesday as positive earnings from some of the region’s biggest companies helped offset fresh concerns about China’s clampdown on the gaming and technology sector. Energy shares led a modest gain in the Stoxx Europe 600 index after BP Plc followed its Big Oil peers by increasing dividends and share buyback, while ...

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Chinese auto-chip stocks fall after official probe into pricing

Bloomberg Chinese automobile-chip maker stocks tumbled after the government launched a probe into possible price manipulation, putting a brake on share surges buoyed by a global semiconductor shortage that’s approaching the 12-month mark. Chip developers GigaDevice Semiconductor (Beijing) Inc, Wuxi NCE Power Co. and Hangzhou Lion Electronics Co plunged by their 10% daily trading limit in Shanghai on Tuesday after ...

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