Italy scrambles to shop global’s oldest bank

Italy is planning to swell its share inside the unwell Monte Dei Paschi di Siena financial institution after top minister Matteo Renzi’s resignation scared off private traders from a deliberate rescue scheme. The government already owns 4 percent within the bank, making it the biggest unmarried shareholder. It wants to growth that stake to 40 […]

Goldman Warns That the Chinese Yuan Is Headed for Its Largest Annual Decline in Over two decades

A median of $50 billion has been steadily leaving the Chinese financial system each month since June. The accelerating outflow of capital from China is probably to coincide with the yuan’s sharpest annual depreciation in over a long time, warned Goldman Sachs. In step with Bloomberg, economists from the funding financial institution wrote Friday in […]