Bloomberg New Zealand central bank (RNBZ) governor Graeme Wheeler will step down when his term ends in September and hand the reins to a deputy until a permanent successor is appointed in 2018. Deputy Governor Grant Spencer will helm the Reserve Bank for six months after Wheeler departs on Sept. 26, Finance Minister Steven Joyce said on Tuesday in Wellington, ...

  MILAN / Reuters UniCredit began Italy’s biggest corporate share sale in an attempt to raise 13 billion euros ($14 billion) to rebuild the bank’s capital after a balance sheet clean up. Banks in Italy have been struggling to deal with bad loans left behind by a deep recession, leading to a series of capital raisings and consolidation in the ...

  Dura Al Qari’a / DPA Plastic tarps on the ground are slowly filling up with green and black olives. Imad Hasan, clad in a blue pullover, a cap and jogging pants, is standing on a metal ladder five metres above the ground, picking the olives by hand from the tree, the ripe fruit nestled between narrow pointed leaves. Down ...