Monte Paschi top investor won't decide on stake Monday-sources
ROME (Reuters) - Monte dei Paschi's (BMPS.MI) top investor is not expected to take a decision on the sale of part of its stake in the bank at a meeting later on Monday, sources close to the top investor told Reuters.
The charitable banking foundation, which owns 33.5 percent in the trouble lender, must sell down its stake to repay debt.
Shares in Banca Monte dei Paschi were up more than 3 percent in early trade on speculation the bank's top shareholder could be close to selling a 20 percent stake to three banking foundations and a group of investment funds.
TOKYO - Asian shares took refuge near one-month lows as Western countries issued fresh warnings of more sanctions on Moscow after Crimea voted overwhelmingly to break from Ukraine to join Russia, as expected.
LONDON - Lloyds Bank said it will grow its lending to small-and-medium enterprises (SMEs) by a further 1 billion pounds this year, seeing stronger growth prospects for smaller businesses as Britain's economic recovery takes hold.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.