Bloomberg Italy is seeking “a revamp not a break up” of Monte dei Paschi di Siena SpA, Italian Finance Minister Roberto Gualtieri said. “The path to follow is a search for a strategic partner,” Gualtieri told reporters in Berlin. “We sold non-performing assets, a de-risking operation that allows Paschi to be relaunched.” The Italian state plans to dispose of its …

Bloomberg Underlying price pressures in the euro area have stabilised at a low level that isn’t in line with the European Central Bank’s (ECB) goal, according to Governing Council member Olli Rehn. While the institution’s pandemic stimulus has prevented strong deflationary trends from emerging, “the inflation outlook is a concern,” he said in a webinar. He added that core inflation …

Bloomberg India’s mid- and small-cap stocks are set to receive a boost after the regulator tweaked rules for multi-cap mutual funds, a move analysts say could push about 400 billion rupees ($5.4 billion) to the broader market. Multi-cap funds must hold at least 75% of their assets in equities — up from 65% at present — with 25% each in …