Search｜Photos & Images & Videos｜KYODO NEWS IMAGES INC

Illustration - Bank

FRANCE. PARIS (75) PLACE LA BOURSE SQUARE. STANDARD AND POOR'S, FITCH RATINGS, MOODY'S AGENCIES PUTTING DOWN FRANCE NOTE (AAA) Photo by Serge Attal/Only France/ABACAPRESS.COM

E

Italy's major banks report record profits in 2023

STORY: Italy's major banks report record profits in 2023 SHOOTING TIME: Feb. 7, 2024 DATELINE: Feb. 8, 2024 LENGTH: 0:00:39 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of Italy STORYLINE: Italy's two major banks have reported record profits in 2023, signaling the recovery of the country's banking sector from recent difficulties. On Tuesday, Banca Intesa Sanpaolo, Italy's largest bank by total assets, reported a net profit of 7.7 billion euros (8.3 billion U.S. dollars) for 2023, a year-on-year increase of 76.4 percent. A day earlier, Unicredit revealed a record net profit of 8.6 billion euros for last year, 51 percent higher than in 2022. Both exceeded market expectations. The two banks rank among the world's 50 largest banks, according to Standard & Poor's ratings. Over the past three years, Italy's banking sector faced multiple challenges due to the financial impacts of the COVID-19 pandemic and the energy crisis stemming from the Ukraine crisis. Additionally, four months ago, the Italian p

E

BOJ head cites need to address debt woes

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa speaks at the Foreign Correspondents' Club of Japan in Tokyo on Feb. 7, 2011. Shirakawa cited the importance of making efforts to restore the nation's fiscal health to keep long-term interest rates stable at low levels, while refraining from specifically commenting on the latest downgrade of Japan's sovereign debt rating by Standard & Poor's.

E

Tokyo stocks open sharply lower on European credit downgrade

TOKYO, Japan - A man passes an electric stock board at a securities house in Tokyo's Marunouchi business district showing the benchmark Nikkei stock index at the Tokyo Stock Exchange drop more than 300 points. Tokyo stocks opened sharply lower after U.S. and European stocks tumbled following Standard & Poor's downgrades of credit ratings of debt-ridden Greece and Portugal.

E

ITALY-ROME-ECONOMY

(220402) -- ROME, April 2, 2022 (Xinhua) -- Customers shop at a market in Rome, Italy, April 2, 2022. Italy is among the countries hardest hit by the ongoing conflict between Russia and Ukraine, with rising energy prices weighing heavily on the country's post-pandemic economic recovery. This week, the ratings company Standard & Poor's revised the annual growth rate for the Italian economy down from 4.7 percent to 3.1 percent, in the light of the conflict and "the resulting surge in commodity prices." (Xinhua/Jin Mamengni)

E

ITALY-ROME-ECONOMY

(220402) -- ROME, April 2, 2022 (Xinhua) -- Customers shop at a market in Rome, Italy, April 2, 2022. Italy is among the countries hardest hit by the ongoing conflict between Russia and Ukraine, with rising energy prices weighing heavily on the country's post-pandemic economic recovery. This week, the ratings company Standard & Poor's revised the annual growth rate for the Italian economy down from 4.7 percent to 3.1 percent, in the light of the conflict and "the resulting surge in commodity prices." (Xinhua/Jin Mamengni)

E

ITALY-ROME-ECONOMY

(220402) -- ROME, April 2, 2022 (Xinhua) -- A customer shops at a market in Rome, Italy, April 2, 2022. Italy is among the countries hardest hit by the ongoing conflict between Russia and Ukraine, with rising energy prices weighing heavily on the country's post-pandemic economic recovery. This week, the ratings company Standard & Poor's revised the annual growth rate for the Italian economy down from 4.7 percent to 3.1 percent, in the light of the conflict and "the resulting surge in commodity prices." (Xinhua/Jin Mamengni)

E

ITALY-ROME-ECONOMY

(220402) -- ROME, April 2, 2022 (Xinhua) -- A fuel gun is seen at a self-service gas station in Rome, Italy, April 2, 2022. Italy is among the countries hardest hit by the ongoing conflict between Russia and Ukraine, with rising energy prices weighing heavily on the country's post-pandemic economic recovery. This week, the ratings company Standard & Poor's revised the annual growth rate for the Italian economy down from 4.7 percent to 3.1 percent, in the light of the conflict and "the resulting surge in commodity prices." (Xinhua/Jin Mamengni)

E

ITALY-ROME-ECONOMY

(220402) -- ROME, April 2, 2022 (Xinhua) -- A customer shops at a supermarket in Rome, Italy, April 1, 2022. Italy is among the countries hardest hit by the ongoing conflict between Russia and Ukraine, with rising energy prices weighing heavily on the country's post-pandemic economic recovery. This week, the ratings company Standard & Poor's revised the annual growth rate for the Italian economy down from 4.7 percent to 3.1 percent, in the light of the conflict and "the resulting surge in commodity prices." (Xinhua/Jin Mamengni)

E

ITALY-ROME-ECONOMY

(220402) -- ROME, April 2, 2022 (Xinhua) -- A fruit stall is seen in Rome, Italy, April 1, 2022. Italy is among the countries hardest hit by the ongoing conflict between Russia and Ukraine, with rising energy prices weighing heavily on the country's post-pandemic economic recovery. This week, the ratings company Standard & Poor's revised the annual growth rate for the Italian economy down from 4.7 percent to 3.1 percent, in the light of the conflict and "the resulting surge in commodity prices." (Xinhua/Jin Mamengni)

E

ITALY-ROME-ECONOMY

(220402) -- ROME, April 2, 2022 (Xinhua) -- A shelve is seen at a supermarket in Rome, Italy, April 1, 2022. Italy is among the countries hardest hit by the ongoing conflict between Russia and Ukraine, with rising energy prices weighing heavily on the country's post-pandemic economic recovery. This week, the ratings company Standard & Poor's revised the annual growth rate for the Italian economy down from 4.7 percent to 3.1 percent, in the light of the conflict and "the resulting surge in commodity prices." (Xinhua/Jin Mamengni)

E

ITALY-ROME-ECONOMY

(220402) -- ROME, April 2, 2022 (Xinhua) -- A grocer is seen at a market in Rome, Italy, April 2, 2022. Italy is among the countries hardest hit by the ongoing conflict between Russia and Ukraine, with rising energy prices weighing heavily on the country's post-pandemic economic recovery. This week, the ratings company Standard & Poor's revised the annual growth rate for the Italian economy down from 4.7 percent to 3.1 percent, in the light of the conflict and "the resulting surge in commodity prices." (Xinhua/Jin Mamengni)

E

ITALY-ROME-ECONOMY

(220402) -- ROME, April 2, 2022 (Xinhua) -- A man walks past an exchange office in Rome, Italy, April 1, 2022. Italy is among the countries hardest hit by the ongoing conflict between Russia and Ukraine, with rising energy prices weighing heavily on the country's post-pandemic economic recovery. This week, the ratings company Standard & Poor's revised the annual growth rate for the Italian economy down from 4.7 percent to 3.1 percent, in the light of the conflict and "the resulting surge in commodity prices." (Xinhua/Jin Mamengni)

E

Japanese researchers detect patterns of stock fluctuations

TOKYO, Japan - A University of Tokyo research team led by Ken Kiyono said on Feb. 15 it has discovered a special pattern of stock index fluctuations before and after a market crash, a finding that could pave the way for detecting downside risks for the stock market. The team has analyzed minute fluctuations of the U.S. Standard & Poor's 500 index between 1984 and 1995 and found the special pattern, called critical regime, emerging in the September-December quarter of 1987 that included the Oct. 19 Black Monday crash. The graphic was provided by Ken Kiyono. (Kyodo)

E

Tokyo stocks open sharply lower on European credit downgrade

TOKYO, Japan - A man passes an electric stock board at a securities house in Tokyo's Marunouchi business district showing the benchmark Nikkei stock index at the Tokyo Stock Exchange drop more than 300 points. Tokyo stocks opened sharply lower after U.S. and European stocks tumbled following Standard & Poor's downgrades of credit ratings of debt-ridden Greece and Portugal. (Kyodo)

E

BOJ head cites need to address debt woes

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa speaks at the Foreign Correspondents' Club of Japan in Tokyo on Feb. 7, 2011. Shirakawa cited the importance of making efforts to restore the nation's fiscal health to keep long-term interest rates stable at low levels, while refraining from specifically commenting on the latest downgrade of Japan's sovereign debt rating by Standard & Poor's. (Kyodo)

E

Tokyo, New York, German exchanges launch new index

NEW YORK, United States - Representatives of the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), Germany's Deutsche Boerse and U.S. credit-rating agency Standard and Poor's on Feb. 7 push a button at the NYSE launching a new index covering the world's 100 major companies.