Monte Paschi announced that it would approve a stricter restructuring plan on September 24 to qualify for a state bailout.
Legal & Regulatory
Congress vote on Syria puts Obama's legacy on the line- NBC report
NBC reporter Michael O'Brien said the legacy of President Barack Obama would be on the line as he awaits Congressional approval on air strikes against Syria.
Tokyo as 2020 Olympic host seen as gaming industry boon
The award to Tokyo as the 2020 Summer Olympics host leveraged to pass gambling casino legislation. Two major gaming firms, Las Vegas Sands Corp and MGM Resorts International are searching for sites to build casinos in Japan.
Spain's interest rates hurting small businesses
The higher interest rates imposed on small businesses hurt the Spanish recovery program. Despite the expansion of Spanish manufacturing and services sectors of the country, which is the first time in the past two years, the lack of available funds for lending clearly hindered the growth of the country.
Scandinavian banks have been called out by S&P analysts
Standard and Poor's analysts have criticized the practice of Scandinavian banks. The biggest banks of Scandinavia have failed to curb risks of financial innovation and would avoid downgrades unless national regulators requiring stricter measures, according ratings agency to Standard & Poor's.
Latest News
The General Administration of Customs registered above projected numbers in terms of overseas shipments.
The Municipality of Abu Dhabi launched a new project and sought for investors in its planned installation and operation of street retail kiosks.
BMW is appealing a decision to impose a EUR150 million fine for alleged customs laws violations. German car giant BMW is set to face fines worth EUR100 million in India for allegations of violations committed against the country's importation rules.
An agreement was made between EU Commission and bank officials for a capital hike for the world's oldest bank.
Allegations of anti-competitive activity would be investigated on by the European Commission. A formal statement is being prepared by the European Commission for Gazprom to inform them that allegations have been raised regarding anti-competitive gas pricing.
Italy' economy minister assures the market that Italy has no policy to oppose foreign bids for domestic enterprises.
Detroit attorneys filed their case in the US Bankruptcy Court in Detroit last Friday for the city's request for bankruptcy protection.
Foreign companies in China strengthened their compliance of laws as authorities continue their antitrust and corruption probes.
Global cruise operator Carnival Corporation & plc would be investing USD180 million from its own capital in "scrubber technology" to comply with the air emission standards of the US Environmental Protection Agency (EPA).
