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  • *China hosting Belt and Road summit in Beijing April 25-27. BEIJING, April 19- China's Belt and Road project is not a "geopolitical tool" or a debt crisis for participating nations, but Beijing welcomes constructive suggestions on how to address concerns over the initiative, the government's top diplomat said on Friday. Beijing will host a Belt and Road summit next...

  • BEIJING, April 19- China's Belt and Road project is not a "geopolitical tool" or a debt crisis for participating nations, but Beijing welcomes constructive suggestions on how to address concerns over the initiative, the government's top diplomat said on Friday. Beijing will host a Belt and Road summit next week which 37 foreign leaders will attend, including some...

  • AL-SUANI, Libya, April 18- Mortars crashed down on a suburb of Tripoli on Thursday, almost hitting a clinic and adding to people's suffering after two weeks of an offensive by eastern troops on the Libyan capital, which is held by an internationally recognized government. The Libyan National Army of Benghazi-based Haftar has become bogged down in the southern...

  • The Pininfarina Battista hypercar

    The company's new all-electric Battista hypercar produces a whopping 1,900 horsepower and reaches 60 miles per hour in under two seconds.

  • Losses in bank-heavy Milan and Madrid indexes led declines, while Germany's DAX edged higher. The data came on the heels of the German government lowering its forecast for 2019 economic growth on Wednesday, which was overshadowed by better-than-expected economic data out of China. "We... have confirmation that we are in a bit of a weak spot in Europe, if you look at...

  • Growth stuttered in Germany and forward-looking indicators in its Purchasing Managers' Index suggest a contraction among manufacturers in Europe's largest economy will continue for a few more months at least. Activity in France, the bloc's second-biggest economy, only stabilized this month after contracting in March. Germany and France are the only two...

  • PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia issues Non-manufacturing Business Outlook Survey for April- 1230 GMT. LONDON- British Finance Minister Philip Hammond speaks to lawmakers on parliament's Treasury Committee about the Spring Statement budget update he announced in March- 1315 GMT. STOCKHOLM Riksbank to hold monetary...

  • MILAN, April 17- Italian banks are in talks with BlackRock over a possible deal to salvage troubled bank Carige, the head of a depositor guarantee fund financed by the country's banks said on Wednesday. Under the potential deal with BlackRock, which has yet to be finalized, the banks are likely to convert the 320- million euro hybrid bond into equity, Salvatore...

  • *Banks rally as China data lifts German bond yields. April 17- European shares eased from eight-month highs on Wednesday, weighed down by healthcare and mining stocks while investors looked past better-than-expected first-quarter economic growth in China. The positive China data spurred demand for auto stocks, the most among European sectors, as concerns...

  • MILANO, April 17- Italy opposes any proposals to abolish the zero-risk weighting government bonds currently carry on banks' balance sheets, Economy Minister Giovanni Tria said on Wednesday, adding the move would disrupt markets. The idea of differentiating the levels of risk attached to government bonds of different countries that banks hold in their...

  • MILANO, April 17- The Italian government will study alternative measures to avoid controversial planned hikes in the sales tax without putting budget goals at risk, Economy Minister Giovanni Tria said on Wednesday. In its next budget, Italy's government must find a way to avoid some 23 billion euros of hikes in the value-added tax rate scheduled to take effect...

  • *New entity to have $3.8 trillion assets under custody. PARIS, April 17- France's Credit Agricole and Spain's Santander plan to combine their custody and asset servicing operations, in a deal that could point the way for European banks to achieve scale without the complexity of a full merger. Santander's' S3' Securities Services arm in Spain and Latin America will...

  • ROME, April 17- Italian banks will discuss on Thursday whether to back the latest rescue plan for Banca Carige by taking a stake alongside a fund owned by U.S. asset manager BlackRock, two sources close to the talks said. The BlackRock fund is the only investor known to be considering a bid for Carige after Minnesota- based Varde Partners decided against a possible...

  • April 17- European shares dipped on Wednesday after hitting eight-month highs in the previous session, as analysts said it was too early to call a recovery in China despite the world's second largest economy's better-than-expected first-quarter GDP growth. Among country indexes, Italy's posted a modest rise. BHP Group PLC fell 2.7 percent, weighing heavily...

  • *China data overnight beats expectations, lifts sentiment. LONDON, April 17- Germany's 10- year government bond yield rose to its highest level in four weeks on Wednesday as Chinese economic data beat expectations, easing concerns about a global growth slowdown. Germany's 10- year yield rose 2.5 basis points to a high of 0.088 percent.

  • ROME, April 17- Italy's economy showed encouraging signs in the first two months of this year, Economy Minister Giovanni Tria said on Wednesday. Speaking at a parliamentary hearing, he added that the government's forecast for economic growth of 0.2 percent this year reflected expectations for a slight recovery in the first half of 2019, followed by a stronger...

  • TORONTO, April 16- Italy's Recordati said on Tuesday it plans to seek Canadian approval for its drug Cystagon, which treats a rare kidney disease, in a potential blow to Horizon Pharma,, which makes the only drug approved for treatment in Canada. Only about 100 people in Canada have the disease, but at list prices Procysbi costs C $325,000 per year, according to...

  • BoI says Italy's deficit could rise to 3.4 pct of GDP in 2020. LONDON, April 16- Italian stocks and government bonds sold off on Tuesday after a Bank of Italy official said the country's deficit would rise to 3.4 percent of GDP in 2020-- thereby breaching European Union regulations-- without an increase in sales tax. Italy's borrowing costs were up 3-5 basis points...

  • MILAN, April 16- Italy's antitrust authority said on Tuesday it had launched a probe into five Amazon companies for possible abuse of dominant market position in e-commerce and logistical services. It said the probe had been launched into Amazon Services Europe, Amazon Europe Core, Amazon EU, Amazon Italia Services and Amazon Italia Logistica.

  • BoI says Italy's deficit could rise to 3.4 pct of GDP in 2020. LONDON, April 16- Italian stocks and government bonds sold off on Thursday after a Bank of Italy official said the country's deficit would rise to 3.4 percent of GDP in 2020-- thereby breaching European Union regulations-- without an increase in VAT sales tax. Italy's borrowing costs were up 5-8 basis...