Bloomberg Italy may have no time to rest on its laurels after brokering a deal to keep Banca Monte dei Paschi di Siena SpA in business. While an “in principle” agreement between Finance Minister Pier Carlo Padoan and European Union Competition Commissioner Margrethe Vestager will help save the world’s oldest bank through paving the way for a precautionary recapitalization, the …

Bloomberg Brazil is taking steps to promote new renewable-energy projects as the government seeks to reassure the industry that political turmoil won’t threaten current power policies. The country will organize at least one power auction for clean-energy projects this year, according to Eduardo Azevedo, secretary of energy planning and development at the Ministry of Mines and Energy. A second auction …

Bloomberg Vestas Wind Systems A/S, the world’s biggest maker of wind turbines, dropped to its lowest in more than 1 1/2 months after US President Donald Trump’s decision to exit the Paris climate accord threw into doubt the future of renewable energy. Vestas fell as much as 3 percent, and traded 2.3 percent lower at 571.50 kroner as of 12:53 …