Monte Paschi CEO Says Liquidity Is `Quite Sound'

June 27 (Bloomberg) -- Banca Monte dei Paschi di Siena SpA Chief Executive Officer Fabrizio Viola talks about the bank's plans to seek government aid and the impact of the European crisis on investor confidence. He spoke with Bloomberg's Flavia Rotondi and Sonia Sirletti in Siena, Italy. (Source: Bloomberg)
China’s Official Factory Gauge Shrinks
34:58 - China’s Purchasing Managers’ Index fell to the lowest reading in three years as monetary easing failed to revive old growth drivers weighed by overcapacity and sliding prices. The figure was 49.7 for August, matching the median estimate in a Bloomberg survey and down from 50 in July. Meanwhile, Australia left interest rates unchanged as a declining currency cushions the impact of lower commodity prices and a weaker outlook for its key trading partner.
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