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Monte dei Paschi asks ECB to extend 5 billion euro rescue plan deadline

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MILAN Italy's third biggest bank, Monte dei Paschi di Siena , has asked the European Central Bank for more time to wrap up a 5 billion euro (£4.2 billion) rescue plan that was thrown into doubt by Prime Minister Matteo Renzi's defeat in a referendum at the weekend.

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Wall Street jumps with bond prices as markets await ECB meeting 07 Dec 2016

NEW YORK U.S. stocks rose along with bond prices on Wednesday as investors prepared for the European Central Bank to signal an extension of its bond-buying at its Thursday meeting.

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Bracco, Guerbet looking for partners for Bayer radiology bids - sources 07 Dec 2016

FRANKFURT Italian healthcare group Bracco is working on a potential bid for the radiology supplies unit that Germany's Bayer AG is considering selling, people close to the matter said.

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Rome, Cairo prosecutors meet in Regeni case, but no breakthrough 07 Dec 2016

ROME Egyptian prosecutors investigating the murder of student Giulio Regeni gave their Italian counterparts a pile of new documents on Wednesday, but there has been no breakthrough in the case, a judicial source said.

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European shares on a fourth quarter high as banks gain further ground 07 Dec 2016

LONDON European shares rose on Wednesday with the regional banking index hitting an 11-month peak after Credit Suisse announced further costs cuts and Italian banks poised for their best two-day run since 2012.

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Italian president pushes for new voting law before election 06 Dec 2016

ROME Italy's President Sergio Mattarella wants parliament to draft a new electoral law before any ballot is held, a source close to the president said on Tuesday, a move likely to delay any vote after Prime Minister Matteo Renzi resigns.

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Exclusive: Italy preparing to take controlling stake in Monte dei Paschi - sources 06 Dec 2016

ROME Italy is preparing to take a 2 billion euros controlling stake in Monte dei Paschi di Siena as the bank's hopes of a private funding rescue fade following Prime Minister Matteo Renzi's decision to quit, two sources close to the matter said on Tuesday.

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Italy readying state bailout for Monte dei Paschi bank - sources 06 Dec 2016

ROME Italy is preparing a state bailout for Monte dei Paschi di Siena as the bank's hopes of being saved by private funding fade following Prime Minister Matteo Renzi's decision to quit, sources close to the matter said on Tuesday. | Video

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Europe suffers Italian blow but bigger tests loom 06 Dec 2016

BERLIN The resounding "no" from Italian voters to Prime Minister Matteo Renzi's referendum on constitutional reform was not a rejection of the European Union and its single currency, as jubilant populists from across the bloc claimed on Monday.

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Prosecutors seek to close Prada CEO tax case - sources 05 Dec 2016

MILAN Prosecutors in Milan have asked a judge to drop a tax investigation involving Italian fashion house Prada's chief executive Miuccia Prada and her husband and co-CEO Patrizio Bertelli, sources told Reuters on Monday.

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Italian PM Renzi resigns, president to consult with parties

ROME Italian Prime Minister Matteo Renzi resigned on Wednesday after a bruising referendum loss at the weekend, with most parliamentary factions pushing for an early election in a few months' time. | Video