European stocks' decline led by financials

Note: This section contains information in English only.
Source: Marketwatch
European markets faced a decline on Wednesday as investors began to sell Spanish and Italian bank stocks extensively amid reintroduced worries about region's debt turmoil. Stoxx 600 lost 0.6% and closed at 249.62, German DAX 30 slipped 0.9% reaching 6,111.55, while French CAC 40 index fell 1.6% 3,193.65. UK FTSE 100 index gave up 0.6% and finished at 5,668.45.
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Thu, 05 Jan 2012 08:50:24 GMT

UniCredit plunge after reporting 43% discount on its shares

One of biggest Italian lender UniCredit SpA faced biggest decline in stock price since 1988 after the bank announced it is preparing to sell  €7.5 bn ($9.7bn) of shares at 43% discount of from yesterday's last price. Shareholders will be able to buy two new-issued stocks for в‚¬1.943 each for every old share they already hold. UniCredit is attempting to raise funds

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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