Funding & Business
Italy Is Drafting Plans to Raise €1.5 Billion More From Banks
Giorgia Meloni’s government is working on a preliminary plan to raise an extra €1.5 billion ($1.8 billion) from Italian lenders in 2027 by postponing their tax deductions, according to people familiar with the matter.
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Scott Chronert, Citi US equity strategist and managing director, expects a pickup in US equity market volatility and then a year-end rally after the Federal Reserve rate-cut cycle starts. He speaks on “Bloomberg Open Interest.” (Source: Bloomberg)
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Brazilian hedge funds are outperforming their benchmark as the local currency trades near a one-year high and cooling inflation ups the likelihood of interest-rate cuts.
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President Donald Trump filed a $15 billion defamation lawsuit against The New York Times, accusing the paper of serving as a “mouthpiece” for the Democrats. Trump made the announcement on Truth Social. The Times says the lawsuit “has no merit.” Bloomberg’s Suzanne Lynch reports. (Source: Bloomberg)
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