Bankers scramble to secure Monte dei Paschi rescue

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Bankers were scrambling on Monday to safe a €5bn recapitalisation of Monte dei Paschi di Siena, the world’s oldest lender, after Prime Minister Matteo Renzi’s decisive loss in Italy’s referendum on constitutional reform added a lot more uncertainty more than

If Matteo Renzi’s proposals shed, insufficient economic reform could be to blame

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ITALIANS take to the polls this weekend to vote on reforming their political method. Reform of many sorts would undoubtedly be welcome the IMF recently declared that it would take some two decades for Italy to regain the financial footing …

Trump’s Challenging Trade Talk Could Harm American Factories

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HOLLAND, Mich. — Even though much of the American political class has been consumed with recriminations over the wrenching loss of manufacturing jobs, Chuck Reid has been quietly adding them.

His company, Very first Class Seating, tends to make recliner …

Trump team looks at non-nuclear sanctions on Iran

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The Trump transition team is examining proposals for US sanctions on Iran separate from its nuclear programme in a move likely to draw a furious reaction from Tehran.

Transition officials have begun sounding out Republicans in Congress about the alternatives …

Economic Scene: A Trade War Against China May Be a Fight Trump Couldn’t Win

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Eduardo Porter

Eduardo Porter

Financial SCENE

Who gains from a trade war with China?

At the Asia Pacific Economic Cooperation summit meeting in Peru more than the weekend, 1 of the most significant questions was whether or not Donald J. Trump, as …

Financial View: Trump, and Fantastic Organization Suggestions for America

Financial View

By ROBERT J. SHILLER

A businessman with a lifetime of knowledge in management has been elected president of the United States. Donald J. Trump’s administration might be viewed as an experiment — an chance to learn whether or …

Erdogan threatens to let 3m refugees into Europe

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Turkey’s president Recep Tayyip Erdogan ramped up his dispute with Brussels warning he would allow 3m refugees into Europe at a time of mounting political anxiousness over the advance of rightwing populists in Austria, Germany and France.

As tension escalates …