Monte dei Paschi responded to Consob's request for additional information and spoke of "irrevocable" offers, independent of the outcome of Intesa Sanpaolo's takeover bid. "We will not close Banco BPM branches."
With the filing, Consob's investigation begins and the exchange ratios are defined: 1,567 MPS shares for Banco BPM and 6,958 for Banca Generali.
Anthropic has reportedly signed a deal with the Nvidia-backed cloud provider to secure new computing power in Texas. The project involves Hut 8 and an infrastructure of approximately 350 megawatts.
The new Fed Chairman's comments at the Jackson Hole meeting suggest a rate hike and are dampening the US stock market. The dollar is stronger, and Treasury yields are rising. PayPal is paying for the halt to its acquisition by...
While specifying that MPS's offer for Banca Generali has not been "agreed upon", the board of directors of the Trieste-based Lion has said it is willing to evaluate the merits of Lovaglio's proposal and its commercial and economic implications.
U.S. Treasury Secretary Scott Bessent's moves ahead of the midterm elections aren't convincing investors. Meanwhile, the enormous financing demands from AI megacaps are reshaping the corporate debt market.
The South Korean chip giant will buy back and cancel approximately 24 million shares for 40 trillion won. SK Hynix also raises its shareholder compensation target to over 50% of free cash flow for the period from 2025 to 2027, while the stock price...
Buffett strengthens his bet on Google and AI: Berkshire increases its stake in Alphabet by 83%, making it the third largest investment in the portfolio after Apple and AmEx.
Thunderstorms, hail, and falling temperatures mark a changing landscape in Italy. The Civil Protection Department has issued a yellow alert for 13 regions, while the intense heat gradually fades.
Mid-August will still be hot and sunny, with temperatures reaching 38 degrees, but the first thunderstorms will arrive in the North on Sunday. Temperatures are expected to gradually drop next week.
The eruption of Mount Etna continues to impact air traffic in Sicily. Catania Airport remains closed due to volcanic ash, while Comiso Airport is back in operation. What passengers are entitled to and how to request refunds.
The American tycoon is negotiating with Fenway Sports Group, owner of Liverpool, through a consortium of investors led by Amit Bhatia: the deal is valued at around 2 billion euros.
From August 10th to 28th, new work will be carried out on the Rome-Florence line between Chiusi and Orvieto: changes to high-speed, intercity, and regional trains, and delays will be observed until August 31st.
The great summer exodus is in full swing: Saturday, August 8th, is expected to see a peak in holiday departures, with black flags on the roads. Heavy traffic, extreme heat, and still-expensive fuel prices will accompany the pre-August holiday weekend.
Minister Giorgetti outlines Italy's strategy for the EU safeguard clause in the Chamber of Deputies: up to 0,6% of GDP for energy security and 0,9% for defense. Giorgetti explains the timing and constraints of the budget deviation, while the crux…
The group recorded growth in the first six months of 2026 that surprised even the most optimistic defense market expectations. The contribution of IDV, the Iveco Group's defense business acquired in 2019, is crucial to the guidance.
Revenue rose 1,9% to $7,345 billion. The guidance cut was driven by additional costs related to the Middle East crisis.
The American company closed the second quarter of 2026 with revenues of 16,1 billion dollars, up 25% compared to 12,9 billion in the same period of 2025. Wall Street rewards the guidance in after-hours trading.
The earnings season for American tech giants has begun: Alphabet's revenues are approaching $120 billion, above consensus. Musk's group posted the best second quarter in its history for car sales, but...
OpenAI, the alarm: during a security test, the agent managed to reach the internet and infiltrate the Hugging Face platform, obtaining data and the solution to his own test. The CEO will meet with the Trump administration on the issues of…
Despite the Seoul Stock Exchange closure, the chip price decline continues in Europe and America. Milan is among the heaviest stock markets, and the BTP-Bund spread rises to 83 basis points.
CEO Koji Sato raises the alarm on the future of Japanese cars and calls on manufacturers to share components and standards to reduce costs and invest in software, batteries and assisted driving, while Chinese competition advances on global markets.
Nike Retail Italy is experiencing a state of unrest involving approximately one thousand employees. Unions are protesting the ban on remote working, reorganizations, and staff reductions.
The sovereignist leader was sentenced to three years in prison, one of which was with an electronic bracelet. But having already served 15 months of ineligibility, she has already announced she will run in 2027: "Starting tonight, I'm a candidate," she said in an interview...
According to MF, the assets attributable to Amundi in UniCredit's managed assets have fallen to approximately 75 billion euros and the decline will continue until the 2027 maturity. Meanwhile, anticipation is mounting for the outcome of the Commerz offer, which…
Saipem sells its shallow-water offshore drilling operations in Saudi Arabia to Ades for $285 million, strengthening its focus on deepwater and highly complex projects. The market appreciates this, as the…
After May's D-Day, it's dividend time again at the Milan Stock Exchange. Fourteen companies will pay dividends on June 22nd. Here's everything you need to know.
As required by German law, there will be extra time from June 20th to July 3rd, during which those who did not participate can do so and surrender their shares. Meanwhile, the takeover bid has become a (small) premium.
The issue was oversubscribed by 1,6 times the amount offered, thanks to strong participation from international investors. The offered yield is equal to the mid-swap rate plus 59 basis points.
A lively Friday on the stock markets despite the US-Iran trade wobble and the largest IPO in history. Piazza Affari reached a new record high of 51.497 points, following in the footsteps of STM and the banks.
Tomorrow on FIRSTonline, the June 2026 edition of the Economic Hands will answer all the main questions on current economic and financial affairs.
Three Spanish, two Italian, one British, one Swiss, one French, one Dutch, and one Finnish. This is the geography of the top European banks by market capitalization. None has reached the heights of the American giants.
The MPS-Mediobanca deal will create "a €2 trillion Italian wealth management bank," Messina emphasized in a call with analysts, expressing confidence in the possibility of surpassing Siena's two-thirds stake: "Excellent relations with Delfin and Caltagirone." And...
Semiconductor and AI stocks around the world saw sharp sell-offs for the second day in a row: in Milan, StM lost nearly 6%. The job boom in America raises concerns about a rate hike…
Musk intends to give a 30% stake to retail investors, but voting power will remain in his hands. Over a thousand employees are demanding favorable terms to subscribe for shares. Meanwhile, large Bitcoin investors are selling hands down for...
Republic Day is not just a historical anniversary: through symbols, images, monuments and shared memory, it becomes an artistic representation of the Italian identity, born from freedom, democracy and popular participation.
The Israeli army has taken control of the medieval fortress of Beaufort in southern Lebanon, one of the most symbolic and strategic points on the entire front. Today, at a UN Security Council meeting, Macron: "Nothing justifies escalation in the country."
From flaw discovery to automated attacks, Anthropic's Claude Mythos raises the cyber alarm: why S&P is warning about banks, businesses, and financial resilience
A Russian drone strikes a residential building in Galați, Romania, injuring two people. NATO and the EU raise alarm, while a Turkish ship is also struck near Odessa. Meloni: "Europe's security is at risk."
According to the website Axios, the agreement between Washington and Tehran to end the conflict, reopen the Strait of Hormuz without tolls and put an end to the Iranian nuclear program could be announced on Sunday.
Talks between Washington and Tehran continue. The priority is to quickly reopen the Strait of Hormuz. Trump: "Iran's enriched uranium will be immediately destroyed." NATO cuts are coming: allies under pressure.
On Legality Day, 34 years after the massacre, Mattarella remembers Giovanni Falcone and the civil legacy against the mafia left to young people.
Italy is among the countries hardest hit by the war in the Middle East, but the entire Eurozone is slowing down. The deficit/GDP ratio will be below 3% in 2026.
The markets continue to seesaw between geopolitical developments and the results of high-tech companies most closely tied to artificial intelligence. Piazza Affari recovered in the afternoon and held onto the 49.000-point mark. Generali performed well after the results.
The shameful video of Israeli Minister Ben-Gvir humiliating activists, including 26 Italians, sparked bipartisan outrage across the political spectrum. The President of the Republic also recalled that "the people were detained illegally…
The Minister of Economy spoke in Paris at the end of the G7 Finance Ministers' meeting: "Measures will be taken, certainly on road haulage, on local public transport, that is, the sectors impacted."
The Strait of Hormuz is the main factor: a prolonged closure could worsen the economic situation and push oil prices up to $200 a barrel in the extreme scenario.
Britain's leadership challenge to Keir Starmer has been launched within Labour following the local elections defeat: Health Minister Wes Streeting, a member of the right-wing Labour Party, has resigned. The goal: to oust the prime minister as leader of the ruling party...
The withdrawal of Undersecretary Freni from the race for Consob presidency, citing a conflict between his role in the government and the independence required of those who lead the market regulator, appears to pave the way for Commissioner Federico Corneli. The appointment…
Lufthansa announced that in June it will exercise its option to acquire an additional 49% of ITA Airways, increasing its stake to 90%. The transaction will be valued at €325 million. ITA: "A new phase, we will maintain our identity…
A defeat has been predicted for British Prime Minister Keir Starmer's Labour Party, according to the first partial results from the local elections in Great Britain, a crucial election for its political clout at the national level. Farage rejoices.
The International Court of Commerce has declared the 10% global tariffs imposed by Donald Trump illegal, dealing a new blow to the US president's flagship economic program: here's what it means
The ECB's 2025 annual report marks a turning point for the Eurozone, with inflation returning to close to 2% and growth better than expected, but the outlook for 2026 remains more cautious. Vice President Luis De Guindos calls for…
April was a positive month for nearly all stock markets, from Wall Street to Europe, with Milan leading the way. But the real winners of the month's rankings were the indices of South Korea and...
Over 7 million Italians are traveling for the May Day long weekend, mostly within Italy. Short stays, controlled spending, and 6,5 million passengers are expected on trains, with FS strengthening its offerings.
Stock markets closed April on a positive note: the S&P 500 and Nasdaq posted their best month since 2020, despite Meta's 9% decline after the financial statements. Spreads fell but remained above 80 basis points.
Following the Fed, the Bank of England and the European Central Bank (ECB) also left rates unchanged. Keep an eye on US-Iran talks - Follow the LIVE coverage.
Meta has informed employees that starting May 20, 8.000 of them will be laid off with a "generous" severance package. Microsoft is offering early retirement incentives for the first time: 8.750 people are eligible. Both companies are spending...
The Cabinet approved the Public Finance Document. Giorgetti on the Stability Pact: "I didn't ask for exemptions, but for flexibility." "Forecasts for the future? Ask Trump." "I look favorably on Unicredit-Commerz, and I hope for a quick appointment on Consob."
M&A: The Financial Times has reported on a draft of guidelines that should loosen the current rules and give European companies more room to reach the size needed to compete globally.
This is according to a Bank of Italy report for February. However, the share of debt held by resident households and businesses is slightly decreasing. Tax revenues remained stable in January and February.
The EU Energy Commissioner, as reported by the Financial Times, "things could get worse in the coming weeks" and the EU is "preparing for worst-case scenarios."
The deadline to deposit shares and visa rights for the April 15th meeting expires today. Following the ISS recommendations, the market is eagerly awaiting Glass Lewis.
The initiative is intended to ensure the administration is prepared for all eventualities, including a prolonged conflict. The White House expresses optimism, while oil prices remain high, even at US petrol stations. But emergency measures have already been implemented in Japan,…
"The real issue with career separation," Tria argues, "is not to weaken the judiciary vis-à-vis other branches of government, particularly the government, but to strengthen the system of checks and balances within…
The deposit rate remains at 2%. Inflation estimates have been revised upward and growth estimates downward. Lagarde: "It is urgent to strengthen the euro area." The BoE also remains firm and says it is ready to take action to combat rising prices.
The strike scheduled for March 18, 2026, has been only partially scaled down and could cause flight delays and cancellations, especially at Milan's airports. Here's who's being stopped, the guaranteed time slots, and passenger rights.
Tungsten is a very high-density material and therefore a key component in drilling equipment and high-performance weapons. Aluminum is sought after by the military for its light weight, corrosion resistance, and excellent thermal conductivity.
After an initial rebound attempt, all markets are now in the red, with Brent rising to around $100. Gold and silver are losing ground, while the dollar continues to strengthen, pushing the euro exchange rate to 1,14. Cryptocurrency...
Tomorrow on FIRSTonline, the March 2026 edition of the Economic Hands will answer all the main questions on current economic and financial affairs.
Israel's attack on fuel depots in Tehran sparked US fears about the public's reaction and, above all, about oil prices, which already jumped above $100 a barrel on Sunday evening for the first time since July 2022. Supreme Leader...
Iran threatens Europe and claims it did not launch missiles against Turkey. The attack on Azerbaijan. Prime Minister Meloni will report to Parliament on Wednesday, March 11, and will have a phone call with Macron. Foreign Ministry: How many Italian tourists are still in the Gulf region?
Widespread attacks are hitting oil and gas facilities across the Middle East. But the attack on the Saudi Arabian refinery in Ras Tanura marks a significant escalation, according to analysts. Here's what the outcome could look like.
Following the leak, the Financial Markets Authority (FMSA) has made it official. Arnault's move comes at a difficult time and demonstrates "confidence in LVMH's future."
Cloud, security, and artificial intelligence are the areas of collaboration development to enable new services for businesses and public administration.
Profits exceeding €2 billion in 2025. A €0,65 dividend has been proposed, with Papa (CEO): "I don't rule out a payout increase beyond 75%." On March 12, the extraordinary shareholders' meeting will decide on the merger with Sondrio. Shares rise on the Milan Stock Exchange.
US President Trump surprisingly announced a week-long truce in Ukraine. "Putin accepted my request." Moscow hasn't confirmed it yet, but Zelensky has expressed his thanks.
MPS, all eyes are on today's board meeting: the sticking point remains the exclusion of the directors under investigation from the list formation process, the Lovaglio case, and the future of Mediobanca.
The Federal Deposit Insurance Corporation (FDIC) has authorized Ford and GM to create industrial banks to offer savings accounts and auto loans. The move reignites the dispute with traditional banks, which criticize the entry of…
The agreement was signed in Rome by the Ministry of Enterprise and Made in Italy, the German Federal Ministry of Economy and Energy and Invitalia
The situation at the top of the Siena-based bank remains tangled, and the board of directors has taken further time to decide on the rules for the board's list. The issue is clear: CEO Lovaglio, supported by Minister Giorgetti but coldly...
According to the Bank of Italy, markets are moving solely on the back of political announcements, but in reality, the global economy is better than anyone expected even last year. Meanwhile, investors' fascination with safe-haven assets continues, with gold...
Two small TIM shareholders are proposing different adjustments for the conversion of savings shares, but the company deems them "inconsistent" with the transaction approved by the Board of Directors. The final decision will be made at the January 28th meeting.
Starting tomorrow on FIRSTonline, the first 2026 edition of Galimberti and Paolazzi's monthly economic analysis column.
Iran is in chaos: it is experiencing the largest massacre in its history due to the regime's brutal crackdown on popular protests. Trump announces aid to the protesters, Russia and China warn the US. Fears of executions
Snam has launched two operations on the market: the placement of green bonds convertible into Italgas shares for 500 million euros maturing in 2031 and the buyback of approximately 500 million euros of 2028 bonds through reverse bookbuilding.
The US raid in Venezuela and its potential geopolitical consequences are boosting European defense stocks, which are also rising sharply due to Trump's threats to Greenland, Cuba, Mexico, and Colombia.
The law now passes "sealed" to the Chamber, which will have to approve it without amendments to avoid provisional exercise, with examination scheduled to begin on Sunday and the closure set for December 30th.
Bankitalia confirms its GDP estimates for both this year and next year, and slightly increases those for 2027. Here's what Via Nazionale's macroeconomic forecasts say.
Summit in Berlin on the US peace plan: Zelensky meets with EU leaders today, while Moscow rejects any changes to the 28-point plan and the dispute over Russian assets reignites. Mattarella's warning: "This is currently unjustified and…
Tomorrow on FIRSTonline, Fabrizio Galimberti and Luca Paolazzi's Economics Hands will answer all the questions that accompany the new year now approaching.
The sold package represents almost the entire portfolio of long-term leasing contracts of the subsidiary UniCredit Leasing. This strategy, similar to that adopted by Intesa SanPaolo, is less costly than selling the entire company.
Trump's new national security strategy is pleasing the Kremlin, which calls it a shared vision. Musk reiterates extreme accusations against the EU, while the US president says he's disappointed with Zelensky, "havingn't read the peace plan."
The MPS board of directors unanimously renewed its full confidence in CEO Lovaglio, confirming the integrity of the banker, under investigation by the Milan prosecutor's office for the Mediobanca takeover. The market expected clarifications regarding the stability of governance following the…
The cross-effect of the European Space Agency and the Safe programme translates into a shower of contracts for the aerospace sector
War in Ukraine, Europe has no doubt that NATO must remain a defensive alliance. Rutte defends US mediation, as does Italy, with Prime Minister Meloni, who will extend military aid to Kiev by decree at a Cabinet meeting within…
Wall Street's half-hour session also slowed trading in Europe on the last day of the stock market month. In Milan, MPS shares were once again the worst performers today following the prosecutor's investigation into the Mediobanca takeover. The…
Meta is evaluating the adoption of Google's TPUs in its data centers, opening the door to a possible alternative to Nvidia GPUs. The announcement shakes the markets: Nvidia collapses, Alphabet surges, and AI enters a new competitive phase.
European stock markets negative while Wall Street opens higher on Fed hints of a rate cut - Follow the LIVE BROADCAST • MARKETS Why Wall Street has reversed course by Gabriella Bruschi
At Piazza Meda, work is already underway to renew the board of directors, scheduled for next spring. The French shareholder, who currently appoints two directors, is looking to strengthen its position. The potential merger with Crédit Agricole Italia is in the background.
