How Italy’s banking M&A wave started crashing

View of the branches of the Italian bank Monte deo Paschi in Rome. Nurphoto | Nurphoto | Getty Images By late spring, Italy’s banking world was swept up in a storm of convoluted takeover bids and counterbids involving a swathe of the country’s major lenders. Three months later, only one high-profile bid is still standing….

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Modi’s visit to China signals improving ties

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi visit Daci’en Temple on May 14, 2015 in Xi’an, China. Sheng Jiapeng | CNSPHOTO | VCG | Getty Images When Foxconn recalled hundreds of Chinese engineers from a factory in India last month, reportedly following Beijing’s directions to curb technology transfer to its neighbor, it…

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Housing director Pulte files criminal referral

Federal Reserve Governor Lisa Cook attends the Federal Reserve Bank of Kansas City’s 2025 Jackson Hole economic symposium, “Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy” in Jackson Hole, Wyoming, U.S., August 23, 2025. Jim Urquhart | Reuters Federal Housing Finance Agency Director Bill Pulte on Thursday night said he had filed a second…

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Nikkei 225, Kospi, CSI 300

The Seoul skyline. Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets traded mixed on Friday, breaking ranks from Wall Street gains as investors also assess a slate of economic data in the region. Japan’s Nikkei 225 slid 0.31%, while the Topix lost 0.39% after core consumer prices in Tokyo rose at a slower pace in…

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Affirm (AFRM) Q4 2025 earnings report

Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Affirm shares rose 15% in extended trading on Thursday after the provider of buy now, pay later…

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