Sri Lanka’s Central Bank Insists Crypto Is Illegal Amid Economic Collapse
The Central Bank of Sri Lanka (CBSL) has already issued a notice on cryptos insisting on its stand as the nation’s economy continues to crumble. On July 12, Sri Lanka’s ...
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Tag: Italy
G7 Aims To Secure $600B To Counter China’s Belt And Road
Group of Seven leaders on Sunday promised to secure $600 billion in private and public funds over five years to fund essential infrastructure in developing countries and counter China's older, ...
An ECB Crisis: The Quest For A Neutral Euro Zone Interest Rate
Summary ECB policymakers increasingly refer to a 'neutral rate' in discussing the hiking cycle Eurozone neutral rate was seen between 1%-2%, but economists and policymakers still divided Neutral rates vary ...
Italy Considers Stringent Terms In Bad Debt Scheme Extension – Sources
Summary Italy could hike rating threshold for state-backed notes Guarantees may no longer cover 100% of state-backed tranche Studying new performance indicator to curb risks for taxpayers Italy is considering ...
Russia Restricts Bank Movements For Italian Clients Of UniCredit, Intesa Units
Russia has imposed sanctions on the current accounts of Italian companies and individuals that bank with the local units of UniCredit (CRDI.MI) and Intesa Sanpaolo (ISP.MI), two people with knowledge ...
By Dragon’s Rock, Global Policymakers Plan How To End Stagflation
The world's top finance ministers and central bankers meeting around Germany's Dragon's Rock on May 19 have their beast to kill: stagflation. The Group of Seven financial leaders is coming ...
Credit Agricole’s Stake In Italy’s Banco BPM Results In Bid Speculation
Summary Credit Agricole becomes the no. 1 investor, analysts expect an eventual full takeover Says it did not seek clearance to go above 10% Banco BPM looking for a merger ...
Italy Looking for ITA Airways Bids By April 18
Italy’s Treasury has invited any available suitors that may be interested in acquiring the majority of ITA Airways to express their formal interest in the carrier by April 18, as ...
Telecom Italia And CDP Start Network Talks As KKR Bid Crumbles
Summary TIM, CDP sign non-disclosure agreement for formal talks TIM, CDP-controlled Open Fiber seeks to merge networks KKR will not pursue any bid without due diligence -source A non-disclosure agreement ...
Italy’s UniCredit Eyes Russia’s Otkritie Bank
Among lenders interested in Russia's Otkritie Bank, which is looking for potential suitors more than four years after being bailed out, is UniCredit (CRDI.MI), Italy's second-biggest bank, a person familiar ...