The five year ban on holding public office for Silvio Berlusconi was upheld but reduced from five years to two years.
Europe
Charterhouse Capital mulls GBP 1 billion offer for G4S- sources
Sources told Bloomberg that Charterhouse Capital Partners was considering a GBP 1 billion offer for G4S's cash solutions unit.
Business by Design to wind down - SAP
According to German software giant SAP, its Business by Design module for small and medium businesses would not be further developed but current users can still utilize its online services.
Pope Francis sits down with ECB head Mario Draghi
Pope Francis meets with ECB President Mario Draghi for unspecified matters. The head of the Roman Catholic Church, Pope Francis, had held discussions with European Central Bank President Mario Draghi during a private audience held last Saturday.
G4S undergoing major changes under new CEO
A bid from a private equity firm for its cash solutions business is being mulled by G4S. Charterhouse Capital Partners LLP is contemplating the bid amounting to GBP1 million or USD1.
Latest News
Software maker SAP on Saturday said it would be reducing the development capacity of Business By Design, a software product targeted to small and mid-sized business customers.
Chancellor of the Exchequer George Osborne is planning whether toxic assets of RBS would be put into a bad bank.
A report from the Daily Telegraph said the UK government would be deciding on the future of Royal Bank of Scotland by next month.
The International Monetary said Italy would need to make supply-side reforms to boost its growth. Italy's growth has been hampered with high debt, an unstable government, red tape and low growth.
Lia Forcina, Alidod Shirinbekov and John Levavasseur left SAC UK for greener pastures. SAC Capital Advisors LP's Lia Forcina had managed over USD700 million during her stint in the firm.
Bondholders were sought protected by Mario Draghi through the European Central Bank. The European Central Bank head Mario Draghi informed the European Commission last month requesting that bondholders be spared any losses in the event a bank rescue occurs until such time an EU banking union is put in place.
A UK court had started to hearing evidence about the alleged London Interbank Offered Rate or Libor manipulation brought against Barclays and Deutsche Bank.
Major mining operation disruptions this year in the British-Australian mining company Rio Tinto had reduced investor interest in copper on the London Stock Exchange.
Voxeljet, whose technology was used to design Aston Martin cars for the James Bond film "Skyfall", traded as high as USD29.06 from its initial USD13 per share price after its debut on the German stock exchange.
