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Italy officials, banks to meet on fund setup to buy shares

Bloomberg Italian Treasury and central bank officials will meet with executives of major banks, including UniCredit SpA and Intesa Sanpaolo SpA, on Monday to discuss the creation of a fund that would buy shares in bank recapitalizations and help the institutions tackle non-performing loans, according to people with knowledge of the talks. The Rome meeting will try to finalize discussions ...

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Fresh violence erupts in France as protests escalate over labour reforms

Paris / AFP Sporadic violence erupted as tens of thousands of people took to the streets in dozens of French cities in the latest protests against labour reforms seen as threatening workers’ rights. Police and protesters clashed in western Rennes and Nantes as well as Paris, leaving several injured, as demonstrations across the country aimed to keep up pressure against ...

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Switzerland is casualty of Brexit, Grexit and the ECB

Bloomberg The European Central Bank is struggling to revive the region’s economy, Britain and Greece are moving closer to leaving the European Union — and Switzerland is feeling the pain. The franc has been climbing, again. Since hitting a low of 1.12 against the euro on Feb. 3, the currency has gained almost 3 percent, and is now trading just ...

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