Trump says he would impose additional sanctions against Iran in a bid to prevent the country obtaining nuclear weapons.World Politicsread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
Tensions between the U.S. and Iran will likely escalate in the near future, a former adviser to the Iranian government said on Monday.Energyread more
Millennial stocks are looking fly this month, and one name could be on the verge of exploding in the next year.Trading Nationread more
Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
Eldorado Resorts has agreed to merge with Caesars Entertainment in a cash and stock deal that values its peer at about $17.3 billion including debt.Casinos and Gamingread more
A decisive win for Turkey's main opposition party in a re-run of a mayoral election in Istanbul has prompted hopes for reforms.Europe Politicsread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
Internships for professionals who've taken a break from the labor force are becoming more popular at financial advisory firms. Returnships provide a particularly good way to...FA Playbookread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
FedEx heads into earnings this week well off its highs, but one technical analyst says the worst could be over for the delivery company.Trading Nationread more
Using Italy's gold reserves to plug budget holes could be an interesting idea, Deputy Prime Minister Matteo Salvini said on Monday after a media report said the government was considering such a move.
Earlier, La Stampa newspaper said that the government was considering using part of the country's gold reserves, which are held by the Bank of Italy, to rein in its budget deficit this year and avoid a planned VAT increase in 2020.
"It's not an issue that I am following, but it could be an interesting idea," Salvini, who is also the League party's leader, told reporters in Rome when asked about the possibility of tapping gold reserves.
Previous attempts by Italian governments to tax the gold reserves or to sell part of them to help balance the public accounts were stopped by European authorities because they would have undermined the Bank of Italy's independence or broken public financing rules.
The talk of using the central bank-managed gold reserves comes after the leaders of the ruling coalition, formed by the far-right League and the anti-establishment 5-Star Movement, promised at the weekend to replace top officials at the Bank of Italy who they said must pay for failing to prevent bank failures.
Italian Agriculture Minister Gian Marco Centinaio, who is also a member of the League, said on Monday he had never heard anyone in the government speak about the idea of using gold reserves to plug budget shortfalls.
"I've never heard talk in cabinet meetings or any other political settings about getting our hands on the Bank of Italy's gold," Centinaio said in an interview with Radio Capital.
Italy is the world's third-largest holder of gold reserves, behind the United States and Germany, with 2,451.8 tonnes as of last year, according to the World Gold Council.