Two midtier Italian banks (Banca Popolare di Vicenza and Veneto Banca) said late Friday they have requested state aid to remain afloat, a widely expected outcome for two lenders that have teetered on the edge of collapse for more than a year. Source: WSJ
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Turkey and Russia have reached an agreement in principle on the delivery of Russian-made S-400 long-range surface-to-air missile systems to the Turkish side and are negotiating the price and joint production issues, Turkey’s Foreign Minister Mevlut Cavusoglu said on Friday. Source Tass
The U.K. economy posted its worst performance in a year as the dominant services industry felt the impact of an intensifying squeeze on living standards. Source Bloomberg
The company supplied a record 178.3 Bcm to what it calls the Far Abroad (Europe plus Turkey, excluding members of the former Soviet Union), but reported sales volumes to those countries slipped 1.1% because of lower sales prices. Oil & Gaz 360