Bloomberg Italian public financial institutions may end up purchasing some assets of Banca Monte dei Paschi di Siena SpA that UniCredit SpA doesn’t want in a takeover of the bankrupt lender. State lender Mediocredito Centrale SpA and state-owned asset manager AMCO SpA were given to access to Monte Paschi’s data room, according to a statement. The Italian Treasury may be ...

Bloomberg Zambia’s central bank kept its benchmark interest rate unchanged, with inflation seen decelerating faster than earlier expected. The monetary policy committee held the rate at 8.5%, Governor Christopher Mvunga told reporters on Wednesday in Lusaka, the capital. This was the MPC’s first rate decision under a new government following elections last month. The decision to hold was supported by ...

Bloomberg Five years into scandals that have already cost Wells Fargo & Co more than $5 billion in fines and legal settlements, regulators are privately signaling they’re still not satisfied with the bank’s progress in compensating victims and shoring up controls. The Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau have warned the firm they ...

Bloomberg European equities advanced the most in a month on Wednesday as investors bet the global economic rebound would persist even as central banks prepare to scale back support. The Stoxx Europe 600 Index was up 0.9% at 9:50 am in London to be within 0.3% of an historical peak. Retail and travel and leisure were among the best performers, ...

Bloomberg Recent weakness in India’s red-hot property stocks could be short-lived as record low interest rates and an economic recovery from the pandemic fuel demand from an increasingly affluent middle class. That’s the view from market watchers, who see large listed firms emerging as biggest beneficiaries amid an ongoing consolidation in $200 billion sector. While the S&P BSE Realty Index ...

Bloomberg Jardine Matheson Holdings Ltd group stocks have turned from some of Singapore’s best performers to the worst this year amid a resurgence of coronavirus infections in Southeast Asia. Shares of the venerable trading firm, which gets more than half of its annual revenue from Southeast Asia, dropped 8.6% last month, ranking it among the worst performers on the Straits ...

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) has announced it waived its minimum commission fee on trades in all listed securities starting from August 31 to further encourage market participation among individual investors on one of the best performing markets in the world this year. The decision follows the announcement of a 50% reduction in trading commissions ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and US Secretary of Defense Lloyd James Austin reviewed strengthening the defence cooperation ties between two friendly nations and exchanged views over a number of issues of interest. This came in a phone call ...

ABU DHABI / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, has met with Ferdinand Grapperhaus, Dutch Minister of Justice and Security and the accompanying delegation. The meeting, which took place at Sheikh Saif’s office at the Ministry of Interior (MoI), touched upon several issues of common interest, especially in ...

DUBAI/ WAM HH Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Sports Council, said on Tuesday that the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, have enabled the emirate ...