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UniCredit

Italy’s UniCredit says considering exiting Russia

MILAN: UniCredit is studying ways to exit Russia following the invasion of Ukraine, but needs to find a solution for...

Published 15 Mar, 2022 06:34pm

Markets

Europe’s banks reveal billions worth of Russia risk as sanctions bite

LONDON: Credit Suisse said it had gross exposure to Russia of 1.6 billion Swiss francs ($1.73 billion) at end 2021,...

Published 10 Mar, 2022 05:40pm

Markets

UniCredit flags up to $8bn in losses on Russia, prudent on buyback

MILAN: Italy’s second-biggest bank UniCredit said a full write-off of its Russian business, including cross-border...

Published 09 Mar, 2022 01:02pm

Markets

European stocks cut losses

LONDON: European stocks cut almost all session losses on Monday as Russia and Ukraine held ceasefire talks, while...

Published 01 Mar, 2022 05:34am

Markets

UniCredit shares open down 8% on Ukraine crisis

MILAN: Shares in UniCredit, whose Russian arm is one of the largest lenders in the country, fell as much as 8% on...

Published 24 Feb, 2022 01:44pm

Markets

European stocks plunge 3%, in correction territory after Russia attacks Ukraine

European stocks plunged 3% on Thursday as investors dumped riskier assets after Russia attacked Ukraine, raising...

Published 24 Feb, 2022 01:38pm

Business & Finance

Italy’s bank promises shareholders 22bn euros

MILAN: Intesa Sanpaolo, Italy’s biggest bank, said Friday it would pay its shareholders 22 billion euros ($25.2...

Published 07 Feb, 2022 05:22am

World

Monte dei Paschi set to name veteran banker Lovaglio as CEO

ROME: Italy’s Monte dei Paschi di Siena (MPS) could name a new chief executive as early as Monday after the...

Published 06 Feb, 2022 04:42am

Markets

UniCredit beats 2021 guidance, renews insurance accords with Allianz

MILAN: Italy's UniCredit on Friday reported better-than-expected full-year revenues and underlying profit, despite...

Published 28 Jan, 2022 11:59am

Markets

European shares fall again with cenbank meetings in focus

European shares reversed early gains to end lower for a fifth straight session on Tuesday as technology stocks...

Updated 14 Dec, 2021 10:38pm

Business & Finance

Santander to pay Italy top banker $76m for job U-turn

MADRID: Spanish bank Santander was on Friday ordered to pay almost 68 million euros ($76 million) to Italy’s ...

Published 13 Dec, 2021 06:45am

World

UniCredit chief not interested in Generali or Mediobanca

MILAN: UniCredit wants to grow its domestic footprint and could consider tie-ups in Italy and abroad, but has no...

Published 12 Dec, 2021 04:19am

Business & Finance

UniCredit raises 2021 profit goal after strong quarter

MILAN: Italy's second-biggest bank UniCredit raised its 2021 profit and revenue goals on Thursday after higher...

Published 28 Oct, 2021 12:23pm

Talks fail between UniCredit, Italy over Monte dei Paschi

ROME: Talks between UniCredit and Italy's government over the bank acquiring a stake in Monte dei Paschi have broken...

Updated 25 Oct, 2021 09:40am

World

Italy, UniCredit to end talks over Monte dei Paschi sale

LONDON: Italy’s government and UniCredit are preparing to call off negotiations over the sale of ailing bank Monte...

Published 24 Oct, 2021 05:14am

World

Monte dei Paschi capital wiped out in EU banking stress test

LONDON: All of Monte dei Paschi’s capital was wiped out in a European Union stress test of banks on Friday as the...

Published 31 Jul, 2021 04:05am

Markets

UniCredit improves FY loan loss outlook after Q2 profit tops forecast

Italy's No.2 bank late on Thursday said it would discuss with the country's Treasury a possible acquisition of ailing state-owned rival Monte dei Paschi di Siena

Published 30 Jul, 2021 10:59am

Markets

German bond yields drop for second week as Delta rattles markets

Financial markets were volatile earlier in the week as sentiment over the global economic outlook swung with each new Delta headline, although the prevailing mood was improving by late Friday.

Published 23 Jul, 2021 10:10pm

Markets

UniCredit bondholders say they got coupon bank pledged to skip: Bloomberg News

Holders of the 2.98 billion euro ($3.6 billion) bonds received the notification on Tuesday, according to the report.

Published 26 May, 2021 02:16pm

Markets

European stocks flat as Richemont jump offsets UK slide

Lufthansa AG fell 6.2% as the Thiele family, the second-largest shareholder in the German airlines, sold more than half of its stake.

Published 21 May, 2021 02:19pm

Business & Finance

EU fines banks 371m euros over bond trading cartel

BRUSSELS: The European Commission fined top banks including UBS and Unicredit a total of 371 million euros ($452...

Updated 21 May, 2021 09:43am

Business & Finance

UniCredit's new boss opens door to M&A after strong quarter

Strong trading gains, fees drive Q1 profit beat.
New CEO says to consider M&A to accelerate strategy.
Moving on from phase of 'cautious retrenchment'.
Reviving lending business, boost to revenues a priority.
To hold investor day in H2.
Trims FY revenue forecast, improves loan-loss outlook.

Published 06 May, 2021 08:43pm

Markets

European stocks near record high on strong AB Inbev, bank earnings

Italy's No.2 bank UniCredit jumped 4.5% and French lender Societe Generale surged 6.1% after reporting higher-than-expected quarterly earnings.

Published 06 May, 2021 02:45pm

Markets

Italy sells $3.5 billion of US dollar bonds

Italy draws over $11 billion of demand for US dollar bonds.
Markets subdued before US Federal Reserve meeting.

Published 27 Apr, 2021 09:01pm

Markets

UniCredit's boss needs currency more than deals

And push the bank to lend more aggressively in its core Italian market, now dominated by 44 billion euro rival Intesa Sanpaolo.

Published 15 Apr, 2021 01:18pm

Markets

Euro zone bond yields up in wake of U.S. jobs data

Lower-rated Southern European bonds underperformed higher-rated peers, with yields rising 3 to 7 basis points. Bond yields move inversely with prices.

Published 07 Apr, 2021 01:09am

Markets

German 10-year yield falls to February low as pandemic concerns weigh

The number of new confirmed coronavirus cases in Germany rose the most since Jan. 9, while the number of people with COVID-19 in French intensive care units set a high for 2021.

Published 25 Mar, 2021 11:48pm

Business & Finance

UniCredit to pay new CEO Orcel up to 7.5m

MILAN: UniCredit's new Chief Executive Andrea Orcel will receive up to 7.5 million euros ($9 million) in annual pay,...

Published 14 Mar, 2021 04:13am

Business & Finance

UniCredit to pay new CEO Orcel up to 7.5mn euros, documents show

A hearing on the case was postponed due to the coronavirus crisis from Wednesday and rescheduled for April 7.
In joining another employer, UniCredit, Orcel relinquishes any deferred payments that would have been due from UBS.

Updated 13 Mar, 2021 09:10pm

Business & Finance

ECB blames redemptions as emergency bond buys slow

The ECB bought 11.9 billion euros worth of bonds under its Pandemic Emergency Purchase Programme (PEPP) in the five days to March 5, slightly less than in the previous week.
An ECB spokesman said the net purchases were affected by "seasonality factors", particularly large redemptions, which "temporarily delayed" an increase in the ECB's bond pile.

Published 08 Mar, 2021 08:13pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.59
USD PKR Interbank Buying / Apr 24	278.39
USD to Japanese Yen / Apr 24	155.21
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.25
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
India Sensex / Apr 24	73852.94
Tokyo Nikkei / Apr 24	38460.08
Nasdaq / Apr 24	15712.75
Hang Seng / Apr 24	17201.27
FTSE 100 / Apr 24	8040.38
Dow Jones / Apr 24	38460.92
Germany DAX 30 / Apr 24	18088.70

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 24	82.83
Gold Spot USD/Ounce / Apr 24	2318.17
Cotton US¢/pound / Apr 24	81.01
Petrol/Litre / Apr 25	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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