Business


Italy giving 5.2B euros in resources to keep 2 banks open

Some 4.8 billion euros will be immediately earmarked to "maintain capitalization" of the retail bank Intesa Sanpaolo , which will take on the banks' "good" assets. Some European officials have voiced exasperation at the way Italy has dealt with a string of trouble spots in its banking industry, which is weighed down by almost 350 billion euros of soured debts - a third of the euro zone's total.



SpaceX set to launch satellites from California air base

All 10 satellites separated as planned during a 15-minute period that concluded one hour and 12 minutes after liftoff. This is the second set of 10 satellites in a series of 75 total satellites that SpaceX will launch for Iridium's next generation global satellite constellation, Iridium NEXT.



Modi to US CEOs: Invest in India

Ahead of their first meeting on Monday afternoon, US President Donald J Trump has received detailed briefings on India and relations between the two countries including the growing defence cooperation. Census Bureau, and so far this year has racked up a deficit worth $7 billion. But Trump administration officials have pointed to both leaders' impact on social media - each has more than 30 million Twitter followers - as proof they are cut from the same cloth, and they predicted the two ...


What You Need to Know About Puerto Rico's Plebiscite

What You Need to Know About Puerto Rico's Plebiscite

Ninety-seven percent of the votes favored statehood but voter participation was just 23% after opposition parties called for a boycott of what they called a "rigged" process in part over the ballot language. Rossello, who heads the pro-statehood New Progressive Party, said his government would fight "in Washington and throughout the world" for the Caribbean island territory to be accepted as the 51st USA state, and for Puerto Ricans to gain "all the same opportunities" as other American ...



Exploding airbag scandal forces Takata to file for bankruptcy

TOKYO-Takata Corp.'s bankruptcy filing spells the end of a storied auto-parts maker, but the company could limp on for years supplying parts for the approximately 54 million defective air bags that still need to be replaced in the USA alone.


Federal Reserve Continues To Normalize Monetary Policy

Federal Reserve Continues To Normalize Monetary Policy

The prospect of higher interest rates will increase the opportunity cost of holding gold and had some negative impact on market confidence. Meanwhile, in view of stable economic conditions, the Fed plans to reduce its 4.5-trillion-U.S. On Wednesday, ahead of the Fed's policy update, yields jolted lower as key measures of inflation suggested that the central bank may be inclined to temper its pace of rate hikes.