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Relief rally fades as growth fears loom

LONDON (Reuters) – World stocks eked out meagre gains on Tuesday amid worries the global economy was faltering after data showed manufacturing activity slowed last month, weakening appetite for risk. FILE PHOTO: General view of the Frankfurt stock exchange, Germany, June 29, 2015. REUTERS/Ralph Orlowski/File Photo MSCI’s All Country World Index .MIWD00000PUS,…

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UniCredit says it will stick to organic growth, mergers difficult

FILE PHOTO: The UniCredit-Banca di Roma bank headquarters is seen in Rome, Italy September 30, 2018. REUTERS/Alessandro Bianchi MILAN (Reuters) – Italy’s biggest lender, UniCredit (CRDI.MI), will stick to organic growth in its new business plan, Chief Executive Jean Pierre Mustier said in an interview published in La Stampa newspaper on Monday,…

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Atlantia accuses Rome of selective leaks in concession row

MILAN/ROME (Reuters) – Italian infrastructure group Atlantia accused ruling 5-Star officials on Monday of selectively leaking a government report in a campaign to revoke the group’s national toll-road concession. FILE PHOTO: A logo of the Atlantia Group is seen outside their headquarters in Rome, Italy August 31, 2018. REUTERS/Alessandro Bianchi/File Photo Atlantia,…

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Stocks cheer trade reprieve, bonds reconsider rate cuts

LONDON/SYDNEY (Reuters) – Stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks, leading investors to pare wagers on aggressive policy easing by the major central banks. A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo, Japan,…

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Oil firms as OPEC+ poised to extend supply cut

LONDON (Reuters) – Oil prices were up on Monday as OPEC and its allies looked on track to extend supply cuts until at least the end of 2019 at their meeting in Vienna this week. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December…

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