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Intesa promotes deputy Bocca to CFO in top tier reshuffle

UPDATE 1-Intesa promotes deputy Bocca to CFO in top tier reshuffle Adds detail, context in paragraphs 4-8 MILAN, March 28 (Reuters) - Intesa Sanpaolo ISP.MI on Thursday named Luca Bocca as its new finance chief as part of a broader management reshuffle that CEO Carlo Messina said will prepare Italy's biggest bank to face future challenges. Bocca , the bank's deputy chief financial officer, will replace Stefano Del Punta, who as Intesa's CFO since 2013 had earned investors' respect and was a clos
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Intesa names new CFO as part of top tier reshuffle

Intesa names new CFO as part of top tier reshuffle MILAN, March 28 (Reuters) - Intesa Sanpaolo ISP.MI on Thursday named a new finance chief as part of a broader management reshuffle that CEO Carlo Messina said will prepare Italy's biggest bank to face future challenges. Luca Bocca, the lender's deputy chief financial officer, will replace Stefano Del Punta, who as Intesa's CFO since 2013 had earned investors' respect and was a close aide of Messina.
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Intesa Sanpaolo CFO Stefano Del Punta Resigns, Luca Bocca Appointed CFO

BRIEF-Intesa Sanpaolo CFO Stefano Del Punta Resigns, Luca Bocca Appointed CFO March 28 (Reuters) - Intesa Sanpaolo SpA ISP.MI : CFO STEFANO DEL PUNTA TO RESIGN APPOINTS LUCA BOCCA CFO FORMER CFO STEFANO DEL PUNTA WILL CONTINUE TO SUPPORT INTESA CEO AS SENIOR ADVISOR TOMMASO CORCOS TO LEAD NEW WEALTH MANAGEMENT DIVISIONS STRUCTURE MANAGERIAL RESTRUC
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Foreign firms' losses from exiting Russia top $107 billion

ANALYSIS-Foreign firms' losses from exiting Russia top $107 billion Adds Wienerberger exit details in paragraph 7 By Alessandro Parodi and Alexander Marrow March 28 (Reuters) - The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in writedowns and lost revenue, a Reuters analysis of company filings and statements showed.
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Intesa books 66 mln euros impairment on Intrum venture

CORRECTED--Intesa books 66 mln euros impairment on Intrum venture Corrects paragraph 8 to show that Gardant is backed by Elliott and doValue by Softbank Group MILAN, March 27 (Reuters) - Intesa Sanpaolo ISP.MI has booked an impairment on its joint venture with Sweden's Intrum INTRUM.ST , Europe's biggest debt collector, in a move that highlights the challenges facing the bad loan recovery industry.
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Foreign firms' losses from exiting Russia top $107 billion

CORRECTED-ANALYSIS-Foreign firms' losses from exiting Russia top $107 billion Removes reference to BAT in final paragraph By Alessandro Parodi and Alexander Marrow March 28 (Reuters) - The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in writedowns and lost revenue, a Reuters analysis of company filings and statements showed.
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Italy - Factors to watch on March 28

Italy - Factors to watch on March 28 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY ISTAT releases March consumer and business confidence data (0900 GMT); February non-EU foreign trade data (1000 GMT); February producer prices data (1100 GMT).
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Intesa books 66 mln euros impairment on Intrum venture

Intesa books 66 mln euros impairment on Intrum venture MILAN, March 27 (Reuters) - Intesa Sanpaolo ISP.MI has booked an impairment on its joint venture with Sweden's Intrum INTRUM.ST , Europe's biggest debt collector, in a move that highlights the challenges facing the bad loan recovery industry. In its full year report, Intesa said it had reduced by 66 million euros ($71 million) the book value of its stake in the joint venture it struck with Intrum back in 2018. At the time, Intesa merged is l
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IKAV, VTTI buy majority stake in Italy's biggest LNG terminal

UPDATE 2-IKAV, VTTI buy majority stake in Italy's biggest LNG terminal Exxon, QatarEnergy sell stakes in Italy LNG terminal Snam could decide as soon as next week on its stake Rome to review deal under Golden Power rules Adds details on Exxon divestment strategy, sources on Snam possibly raising stake By Francesca Landini MILAN, March 27 (Reuters) - Dutch infrastructure group VTTI and German asset manager IKAV have teamed up to buy a majority stake in Italy's biggest liquefied natural gas termin
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Senegal's youth want jobs from Faye, investors wary of radical ideas

ANALYSIS-Senegal's youth want jobs from Faye, investors wary of radical ideas By Rachel Savage JOHANNESBURG, March 27 (Reuters) - Senegal's President-elect Bassirou Diomaye Faye rode to victory in Sunday's poll on a wave of protest votes against the West African country's current leader, fuelled by discontent that infrastructure-fuelled growth has failed to benefit all.
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Intesa Sanpaolo cuts its ECB TLTRO financing to 9 bln euros

Intesa Sanpaolo cuts its ECB TLTRO financing to 9 bln euros MILAN, March 27 (Reuters) - Intesa Sanpaolo ISP.MI , Italy's biggest retail bank, said on Wednesday it had reduced by 36 billion euros ($38.94 billion) its exposure to cheap funds borrowed from the European Central Bank. After the redemption of the latest (seventh) Targeted Longer Term Refinancing Operation (TLTRO 3) the funds were down to around 9 billion euros, the lender's website showed.
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IKAV and VTTI to buy majority stake in Italy's Adriatic LNG terminal

IKAV and VTTI to buy majority stake in Italy's Adriatic LNG terminal ROME, March 27 (Reuters) - Dutch energy infrastructure group VTTI said on Wednesday it had entered into an agreement with German asset manager IKAV to buy a majority stake in an Italian liquefied natural gas (LNG) terminal. The closing of the transaction for the so-called Adriatic LNG terminal is expected in the second half of the year, VTTI said in a statement.
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Italy - Factors to watch on March 26

Italy - Factors to watch on March 26 The following factors could affect Italian markets on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS The number of people living in poverty in Italy rose in 2023 to its highest level in about a decade , data showed on Monday, despite an economic rebound since COVID-linked restrictions were eased.
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Italy - Factors to watch on March 25

Italy - Factors to watch on March 25 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Italy estimates a deficit-to-GDP ratio this year broadly in line with its 4.3% goal set in September, Economy Minister Giancarlo Giorgetti said on Saturday, adding the government will cut its 2024 growth tar
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US nudges EU banks toward clean break with Russia

RPT-BREAKINGVIEWS-US nudges EU banks toward clean break with Russia The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, March 20 (Reuters Breakingviews) - European banks have learnt the hard way that upsetting Uncle Sam is a bad idea. BNP Paribas, for example, in 2014 agreed to pay $9 billion to settle claims that it violated U.S.
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US nudges EU banks toward clean break with Russia

RPT-BREAKINGVIEWS-US nudges EU banks toward clean break with Russia The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, March 20 (Reuters Breakingviews) - European banks have learnt the hard way that upsetting Uncle Sam is a bad idea. BNP Paribas, for example, in 2014 agreed to pay $9 billion to settle claims that it violated U.S.
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Italy - Factors to watch on March 21

Italy - Factors to watch on March 21 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Bank of Italy releases January data on foreign investors' holdings of Italian government bonds.
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US nudges EU banks toward clean break with Russia

BREAKINGVIEWS-US nudges EU banks toward clean break with Russia The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, March 20 (Reuters Breakingviews) - European banks have learnt the hard way that upsetting Uncle Sam is a bad idea. BNP Paribas, for example, in 2014 agreed to pay $9 billion to settle claims that it violated U.S.
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Italy's 2i Rete Gas seeks 600 mln euro in local IPO, sources say

UPDATE 1-Italy's 2i Rete Gas seeks 600 mln euro in local IPO, sources say Adds Ardian declined to comment, paragraph 5 By Pablo Mayo Cerqueiro, Elisa Anzolin and Andres Gonzalez LONDON/MILAN, March 20 (Reuters) - Gas supplier 2i Rete Gas aims to sell around 600 million euros ($651 million) of shares in what would be one of the largest Italian initial public offerings in Italy in the last 12 months, three sources familiar with the matter told Reuters.
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Italy's 2i Rete Gas seeks 600 mln euro in local IPO, sources say

Italy's 2i Rete Gas seeks 600 mln euro in local IPO, sources say By Pablo Mayo Cerqueiro, Elisa Anzolin and Andres Gonzalez LONDON/MILAN, March 20 (Reuters) - Gas supplier 2i Rete Gas aims to sell around 600 million euros ($651 million) of shares in what would be one of the largest Italian initial public offerings in Italy in the last 12 months, three sources familiar with the matter told Reuters.
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