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ROME: The Italian Treasury is starting to factor in a bigger hit to the country’s battered public finances this year as another extended lockdown holds back the recovery, according to a senior government official.
ZURICH: UBS Group AG will bolster shareholder returns with plans to buy back four billion francs (US$4.5bil) of shares over the next three years after rising fee income and investment bank revenue propelled gains at the world’s largest wealth manager.
ROME (Reuters) - Giuseppe Conte resigned as Italian prime minister on Tuesday, hoping to be granted a fresh mandate by the head of state to form a new government after a coalition rupture last week left him without a majority in the Senate.
GENEVA, Jan. 25 (Xinhua) -- On the first day of the virtual World Economic Forum (WEF) Davos Agenda meeting on Monday, world leaders highlighted the importance of multilateralism and green economy in the post-COVID-19 global cooperation.
FRANKFURT, Jan. 25 (Xinhua) -- Christine Lagarde, president of the European Central Bank (ECB), said on Monday that 2021 could be a year of recovery, but that would most likely be accompanied by a "very high level of uncertainty" before achieving the transition to a "new economy".
FRANKFURT, Jan. 25 (Xinhua) -- The European Central Bank (ECB) on Monday announced decisions to set up a climate change center and to invest in Bank for International Settlements' (BIS) green bond fund, underlining its commitment towards climate agenda.
Deutsche Bank AG said on Sunday it began a probe in relation to engagement with some clients after the Financial Times reported earlier that the German lender was investigating the alleged mis-selling of investment banking products.