Mon, Dec 12, 2016
Italy`s troubled Banca Monte dei Paschi di Siena (BMPS) bank on Sunday announced it would go ahead with plans to seek a private sector-led rescue, narrowly avoiding the need to seek a government bailout.
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Sat, Dec 10, 2016
The European Central Bank (ECB) has rejected a request by Italy`s Monte dei Paschi di Siena for more time to raise capital, a source said on Friday, a decision that piles pressure on the Rome government to bail out the lender.
Wed, Dec 07, 2016
Asian shares edged up on Wednesday as investors covered short positions in European equities as they pondered the ramifications of Italy`s referendum and looked to the upcoming policy meeting of the European Central Bank (ECB).
Tue, Dec 06, 2016
Italian Prime Minister Matteo Renzi announced on Monday that he would resign after suffering a resounding defeat in a referendum over constitutional reform, leaving the euro zone`s third-largest economy in political limbo.
Bank of England (BoE) governor Mark Carney on Monday warned the public was losing faith in the current economic system, urging economists to acknowledge those who have lost out from globalisation.
Asian stocks rallied while the euro held up and high-yielding currencies rebounded as investors rediscovered their desire for risk assets after the previous day`s losses fuelled by Italian uncertainty.
Tue, Nov 29, 2016
The US dollar took a breather on Tuesday as global bonds steadied from their recent rout, while equities flatlined as political risk resurfaced in Europe ahead of a referendum in Italy this weekend.
Fri, Nov 25, 2016
Shareholders in Italian bank Banca Monte Paschi di Siena (BMPS) approved on Thursday a rescue plan that will see up to five billion euros injected into the world`s oldest bank still operating today.
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