Bloomberg Italian Finance Minister Daniele Franco said the country’s economy will expand at least 5.8% this year amid the pandemic recovery, which may allow the government to improve deficit and debt targets. “We are seeing a significant economic recovery,” Franco said at the Ambrosetti Forum in Cernobbio, northern Italy. The new forecast compares with a 4.5% projection announced in April ...

Bloomberg Elections often drive big swings in the foreign-exchange market, with the risk of radical change this year pushing down the Peruvian sol and the Chilean peso. Not so for Canada. There has been little-to-no premium priced into the Canadian dollar — relative to the greenback — due to the last five federal elections, Bipan Rai, the head of foreign-exchange ...

Bloomberg Officials in China’s financial capital of Shanghai are closing a route used for decades by companies operating in the technology sector to draw foreign investment. Startups that have recently applied to Shanghai’s National Development and Reform Commission for permission to inject money into affiliated entities incorporated in places like the Cayman Islands are being turned away, according to people ...