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ROME (Reuters) - Italian President Sergio Mattarella on Thursday called for politicians to act responsibly, as parties jockeyed to form a government after an inconclusive election.
BEIJING: Premier Li Keqiang has an “impossible challenge” if he wants to slash China’s budget deficit target, deleverage the economy, and cut taxes, according to Pantheon Macroeconomics Ltd.
(Reuters) - Investors in Italian stocks are bracing for a possible bout of volatility on Monday, when markets face the outcome of Sunday's parliamentary election.
Bank loans totaled $460 billion last month, up 43% from the year before
LONDON: The oil-price rally proved a double-edged sword for Royal Dutch Shell Plc, as improved exploration and production lifted profit to a three-year high while refining and trading fell short of expectations.
MANILA: San Miguel Corp agreed to buy an AES Corp-controlled Philippine power plant for US$1.9bil, increasing the energy portfolio of the South-East Asian nation’s largest company as the US firm sheds assets.
British games developer Sumo Digital said on Monday its initial public offering (IPO) was priced at £1 (RM5.45) per share for listing on London's junior market on Wednesday, valuing the company at £145mil (RM791.2mil).
SHANGHAI: China is in a new phase of its campaign to cut debt, focusing on rules to shrink a bloated financial sector that has grown rapidly as product innovation outpaced regulatory oversight, a senior researcher at the Shanghai Stock Exchange said.
Wal-Mart Stores Inc will add products from Lord & Taylor to its website, bringing together America’s oldest department store with its biggest retailer in a push to take Wal-Mart’s dowdy brand upmarket.
SHANGHAI: Under pressure to trim borrowings, China’s companies have found a way to reduce their lofty debt burdens – even if some of the risk remains.