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ECB tells Monte dei Paschi it needs to raise $9.2 billion
MILAN The European Central Bank has told Monte dei Paschi it needs to plug a capital shortfall of 8.8 billion euros ($9.2 billion), higher than a previous 5 billion euro gap estimated by the bank, the lender said on Monday, confirming what sources told Reuters.Last Friday the Italian government approved
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U.S. business spending picking up, but may slow in second quarter
By Lucia Mutikani | WASHINGTON WASHINGTON New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments
Obama officials work against time to wrap banking rules
By Patrick Rucker and Lisa Lambert | WASHINGTON WASHINGTON U.S. officials are striving to put finishing touches on a slew of
Asia stocks at one-week highs on U.S. gains; oil up
By Saikat Chatterjee | HONG KONG HONG KONG Asian stocks struck one-week highs with investors undeterred by a powerful earthquake in
