Bloomberg The government is feuding, the budget numbers don’t add up, questions are swirling around banks. But Italy’s stock market is on a roll. The FTSE MIB benchmark has risen 7.6 percent this year, the best performer among major European markets, helped by gains at oil services company Saipem SpA as well as from recently added member Juventus Football Club ...

Bloomberg The impending bankruptcy of PG&E Corp is threatening to foist large liabilities on five banks that have agreed to act as buyers of last resort for more than $760 million of bonds that the teetering utility issued through California government agencies. The company’s announcement that it plans to seek protection from creditors triggered a surge of selling by owners ...

Bloomberg Indonesia’s central bank left its benchmark interest rate unchanged for a second month, while keeping the door open for more policy action if needed. After hiking by 175 basis points since May, Bank Indonesia kept its seven-day reverse repurchase rate at 6 percent, as predicted by all 26 economists surveyed by Bloomberg. Governor Perry Warjiyo said the rate was ...