Facebook has warned for months that its runaway train of revenue growth is running out of steam. The company showed on Wednesday that it is laying new track as fast as it can. Facebook continues to be one of the fastest growing and most profitable tech companies in the world. Revenue rose 45% in the second quarter, the company said …

DUBAI / Reuters Disappointing second-quarter results from large cap Saudi Arabian companies were the main drag on the local index on Sunday, while neighbouring bourses were mostly weak. The Riyadh index fell 0.8 percent as the largest petrochemical maker Saudi Basic Industries (SABIC) lost 1.3 percent after it reported a second-quarter net profit of 3.71 billion riyals ($989.3 million), below …

Bloomberg Italy took the final steps to revive Banca Monte dei Paschi di Siena SpA, setting the price for its portion of the aid package needed to keep the world’s oldest bank in business. The government will pay 6.49 euros per share as part of the bank’s capital raising, according to a statement from the lender. Italy earlier this week …