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BRUSSELS: The European Commission is concerned about the budget deficits planned by Italy for the next three years which it said contravene what European Union finance ministers asked Rome to do in July.
MILAN: Italian stocks and government bonds fell sharply on Tuesday, after inconclusive elections left Italy facing political deadlock and rekindled fears of a new euro zone debt crisis.
MILAN: Italy's three-year borrowing costs rose to their highest since December on Wednesday after Fitch cut its credit rating last week, but the country also managed to sell the top planned amount of a new 15-year bond.
TOKYO: Asian stocks rebounded from a two-month trough on Thursday, while the euro enjoyed a respite after sinking to its lowest in 10 months as political turmoil in Italy that had roiled global financial markets showed signs of easing.
TOKYO: Asian shares rebounded on Wednesday, tracking U.S. stocks higher as the Federal Reserve Bank reassured markets of its commitment to strong monetary stimulus, but investors remained wary of political gridlock in Italy reigniting the euro zone financial crisis.
FRANKFURT: Italy’s manufacturing sector shrank for a third straight month in the latest sign that Europe’s third-largest economy is on the brink of another recession.