Italy News
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European Central Bank President Mario Draghi said his pledge to buy government bonds is helping to ensure that interest-rate cuts reach the parts of the euro-area economy that need them the most.
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Spanish bonds fell, with 10-year yields posting the biggest two-day gain in more than three months, as the Federal Reserve’s signal it may slow asset purchases reduced demand for higher-yielding assets.
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Police released two women arrested as part of the terror probe into the killing of a 25-year-old soldier in London as searches continued at six homes across England.
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Earnings of Italian banks will remain low over the next three years as the country’s economy struggles to recover and lenders are forced to meet stricter European capital rules, according to research group Prometeia.
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