Noticias de Hoy

MILAN (Reuters) – Italian bank Monte dei Paschi di Siena is seeking a financial investor to help revive the ailing lender and will remove a current cap on voting rights to help raise 1 billion euros ($1. 3 billion), its chairman said. "I would like to have a long-term financial investor," Alessandro Profumo told Italian business daily Il Sole 24 Ore in an interview published on Sunday. "Nationality is not a problem. The important thing is that it believes in our project". Late on Saturday the Bank of Italy gave its approval to Monte Paschi’s request for 3. 9 billion euros ($5. . . .

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SINGAPORE (Reuters) – Fraser and Neave Ltd’s independent financial adviser JP Morgan said on Sunday Thai billionaire Charoen Sirivadhanabhakdi’s new offer of S$9. 55 ($7. 74) per share for the Singapore property and drinks conglomerate is "fair". Directors who hold F&N shares, including chairman Lee Hsien Yang, intend to accept Charoen’s revised offer, the company said in a statement. Charoen is now set to take over F&N in Southeast Asia’s biggest-ever acquisition. He had declared his S$9. 55-per-share offer, which values the Singapore company at around S$13. 75 billion ($11. 2 billion), as final. . . .

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ROME/MILAN (Reuters) – Italy’s central bank on Saturday gave its approval to a request by scandal hit bank Monte dei Paschi di Siena for 3. 9 billion euros ($5. 3 billion) of state loans, the latest step in the battle to revive the ailing bank. The Bank of Italy’s backing was the final stage required to free up the financial help for Italy’s third biggest lender, which this week revealed loss-making derivatives trades that could cost it about 720 million euros. . . .

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MOSCOW (Reuters) – Prime Minister Dmitry Medvedev used a prime-time TV interview on Saturday to dismiss concerns growing fallout from the 2009 death of anti-corruption lawyer Sergei Magnitsky would damage Russia’s business interests. Medvedev said the whistleblower’s death in jail, for which no one has been brought to justice, was being used by Kremlin critics to score points but was of no import to business leaders. . . .

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DAVOS, Switzerland (Reuters) – International bankers and finance ministers warned on Saturday that Europe’s crisis was not over even though the euro currency is now stabilized, it will take years to overcome economic malaise and mass unemployment in Europe. . . .

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NEW YORK (Reuters) – Stocks have been on a tear in January, moving major indexes within striking distance of all-time highs. The bearish case is a difficult one to make right now. Earnings have exceeded expectations, the housing and labor markets have strengthened, lawmakers in Washington no longer seem to be the roadblock that they were for most of 2012, and money has returned to stock funds again. The Standard & Poor’s 500 Index has gained 5. 4 percent this year and closed above 1,500 – climbing to the spot where Wall Street strategists expected it to be by mid-year. . . .

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NEW YORK (Reuters) – The Standard & Poor’s 500 index closed above 1,500 for the first time in more than five years on Friday as strong U. S. earnings reports, including Procter & Gamble’s, helped the benchmark extend its rally to eight days. The winning streak is the longest in eight years and left the S&P 500 about 4. 1 percent away from its all-time closing high of 1,565. 15 on October 9, 2007. . . .

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NEW YORK (Reuters) – Stocks advanced on Friday as Procter & Gamble’s earnings offset softer-than-expected housing numbers and kept the Standard & Poor’s 500 Index on track for its longest winning streak in more than eight years. Procter & Gamble shares rose 3. 7 percent to $73. 04 and gave the biggest boost to both the Dow and S&P 500 after the world’s top household products maker’s quarterly profit soared past expectations. The company also raised its sales and earnings outlook for the fiscal year. But the stock market’s gains were curbed after economic data showed new U. S. . . .

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LONDON (Reuters) – The euro hit an 11-month high and European shares dipped on Friday as markets braced for news on how much banks will repay of the one trillion euros in European Central Bank crisis funds that have been keeping them afloat. Data due showing whether Britain is heading for its third recession since the financial crisis began and on German business sentiment was also in the spotlight after upbeat manufacturing reports from the United States and China. . . .

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NEW YORK (Reuters) – The smallest of gains gave the Standard & Poor’s 500 its seventh straight winning day on Thursday, but the index failed to hold above the 1,500 line, restrained by Apple’s worst day in more than four years. Apple Inc slid 12. 4 percent to $450. 50 a day after it posted revenue that missed Wall Street’s forecast as iPhone sales were poorer than expected. The sharp drop wiped out nearly $60 billion in Apple’s market capitalization to less than $423 billion, leaving the company vulnerable to losing its status as the most valuable U. S. . . .

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