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European Commission on Italy’s 2019 budget

On Monday, Italy’s populist government is expected to reply to replay to the Commission’s concerns, but analysts see little chance that the coalition will change course given its pledges to voters to up welfare spending. Italy’s euroskeptic coalition government, made up of the right-wing Lega party headed by Matteo Salvini …

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corporate earnings, Italy, Brexit in focus

Shares in Europe are poised for a higher open Monday morning as investors focus on earnings and sentiment bounces back from last week’s losses. The FTSE 100 is seen higher by 8 points at 7,057; the DAX 30 is set to open up by 27 points at 11,580; and the …

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Q3 net income comes in at 307 million euros vs. 350.5 million expected

Dutch health care technology company Philips reported weaker-than-expected third-quarter net income on Monday, citing subdued growth in key markets and foreign currency headwinds. “While I am pleased with the continued strong 11 percent order intake growth in the quarter, operational improvements were partly offset by increased foreign exchange headwinds,” Frans …

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Here’s what’s happening in Italy and why it’s hurting markets

Italy’s rule-defying budget plan is fast-becoming a key concern for global markets, as investors monitor the growing likelihood of a showdown between the EU and Rome’s populist government. Concerns over a confrontation between the anti-establishment government in Italy and the European Commission have intensified in recent weeks, as Rome insists …

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Solution could be costly for UK leader Theresa May

European leaders gathered in Brussels seemingly have a new idea to try to break the current stalemate in Brexit negotiations, but it could prove costly for Prime Minister Theresa May and the U.K. May is reportedly willing to extend the transition process. This is the portion of time after the …

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Investors monitor earnings as Brexit talks rumble on

Market focus is largely attuned to ongoing Brexit talks, as negotiations over Britain’s departure from the EU remain at an impasse. U.K. Prime Minister Theresa May addressed EU leaders in Brussels Wednesday evening and assured them both sides could still strike a deal. Nonetheless, leaders at the Brussels summit were …

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Turkey passes a crucial market test after months of turmoil

Turkey made a comeback in the international bond markets after receiving bids worth $6 billion for its five-year dollar-denominated bond. This means that companies and banks in the country now have better access to the international capital markets, allowing them to borrow at better rates. The bond issuance Tuesday, expected …

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