Bloomberg Intesa Sanpaolo SpA’s fund-management arm expects rising inflows to boost assets to about 400 billion euros ($430 billion) as it expands its institutional client base, adds commercial offers and widens its distribution network. Eurizon Capital SGR SpA plans to expand its European staff by about 3 percent this year from the current 550 employees, partly by hiring teams ...

  Bloomberg Italy’s 20 billion-euro ($21.4 billion) government rescue fund is sufficient to recapitalize the country’s troubled banks, and about a third of money will be used for Banca Monte dei Paschi di Siena SpA, Bank of Italy governor Ignazio Visco said. “This measure is an important one for Italy as it emerges from the crisis that buffeted its economy ...

  Bloomberg A talent war between Jefferies Group LLC and Credit Suisse Group AG is threatening to escalate. Five Credit Suisse bankers who reneged on agreements to join Jefferies this month may face demands that they pay more than $10 million to their scorned suitor, according to a person with knowledge of the matter. The bankers signed contracts with Jefferies ...

  Bloomberg German officials and lawmakers are concerned the state rescue of Banca Monte dei Paschi di Siena SpA is stretching the credibility of the European Union’s new regime for too-big-to-fail banks. Wolfgang Schaeuble’s Finance Ministry remains skeptical about Italy’s plan to protect individual investors and would prefer them to seek individual compensation through the courts rather than en masse ...

  Washington / DPA Scientists of all stripes have appeared as characters in movies and TV shows: from the meglomaniacal Dr Frankenstein, to archaeologist adventurer Indiana Jones, the “Back to the Future” time-machine inventor Doc Brown and the palaeontologists in dinosaur-filled “Jurassic Park.” But rarely has scientific accuracy in an entertainment medium been so carefully researched as in the popular ...

  Bamberg / DPA When Annemarie Sommer enters the seminar room she’s convinced that in order to be a YouTube sensation, you have to do things others wouldn’t think of doing. When the 15-year-old leaves, she knows that in fact, YouTube stars don’t necessarily have the best videos – but they are the best connected. “How to Become a Rockstar ...

  Bloomberg Oil demand growth will slow and supplies will remain abundant in the coming decades, meaning producers in the Middle East, Russia and US continue to gain market share at the expense of higher-cost rivals, said BP Plc. Demand for oil will expand by an average 0.7 percent a year over the next two decades, little more than half ...

  Bloomberg PetroChina Co., the country’s biggest listed oil and gas producer, said full-year net income in 2016 fell by as much as 80 percent, putting it on pace to report a record-low profit. The slump is due to lower international oil prices and domestic natural gas prices dropping “drastically” compared with the previous year, it said in a filing ...

  Bloomberg BHP Billiton Ltd., the largest overseas investor in US shale, boosted spending on its onshore oil and gas division as rising prices lure drillers to add rigs and spur a deals spree. The company boosted spending on the unit to $165 million in the three months to December 31, from $108 million the previous quarter, according to a ...

  Bloomberg General Electric Co.’s woes in the oil patch persisted in the fourth quarter, denting sales and dragging down shares to their biggest decline in four months. Weakness in the oil and gas unit, which makes drilling equipment and pipes, will probably linger into this year after an “extremely difficult” 2016, Chief Financial Officer Jeff Bornstein said on a ...