Bloomberg China’s capital outflows are accelerating and the central bank is selling larger amounts of foreign exchange, Goldman Sachs Group Inc warned as the yuan headed for its biggest annual decline in more than 20 years. A net $69.2 billion exited the nation in November, compared with a monthly pace of around $50 billion since June, Goldman economists led ...

  Bloomberg Banca Monte dei Paschi di Siena SpA is attempting to sell shares on the market while the government prepares a plan to inject as much as 15 billion euros ($15.7 billion) into Italian banks should the fundraising fail, according to a person with knowledge of the matter. Italy’s Treasury plans to participate in the share sale, which may ...

  Berlin / AFP Better known for its electronic music and street art, Berlin is now also home to a budding graphic novel scene in a country that has treated illustrated stories as children’s literature. Hardly seen in bookstores just a few years ago, German-produced graphic novels now have their dedicated shelves, as not only homegrown artists but also foreign ...