Shares of Telecom Italia (TIM) jumped 4.1% as Italian state lender CDP said on Sunday its board had approved a non-binding offer for the fixed-line network of the former phone monopoly, adding it would be valid until March 31
The STOXX 600 index was up 0.2% by 0807 GMT, after clocking its best week since the beginning of the year.
Shares of Telecom Italia (TIM) jumped 4.1% as Italian state lender CDP said on Sunday its board had approved a non-binding offer for the fixed-line network of the former phone monopoly, adding it would be valid until March 31.
China set its economic growth target at about 5% at its National People’s Congress, towards the lower-end of expectations. The European basic resources index slipped 1.2%, tracking a drop in prices of base metals.
Investor focus this week will be on Friday’s U.S. payrolls report and Federal Reserve Chair Jerome Powell’s two-day testimony before the Congress, starting Tuesday
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- Crisis Creates Opportunities; Bought into ITC During a Crisis
In an interview with Arijit Barman, Rajiv Jain, the founder of the Fort Lauderdale-based GQG Partners opened up on his thesis, crisis management strategy and more.Want India’s Help to Build Consensus, Conclude Key Deals
Ngozi Okonjo-Iweala, director general of the World Trade Organization (WTO), said multilateralism is under threat and she expects India to help build consensus to conclude agreements and ensure results.RBI Keeping Close Watch on Top 20 Conglomerates
The Reserve Bank of India (RBI) is keeping a close watch on the top 20 business houses that have the largest borrowings from banks to identify risks in advance, said people with knowledge of the matter.