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Italy parliament gives final approval to government’s 2021 budget

ROME (Reuters) - The Italian Senate on Wednesday passed the government's 2021 budget, giving parliament's final approval to the package which targets the fiscal deficit to fall to 7% of national output from 10.8% this year. Sidetracked by the coronavirus emergency and tensions in the ruling majority, the government rushed the budget through parliament leaving little opportunity for debate, finally getting it...

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Fed’s Policymaking Panel Tilts Even More Dovish in 2021 Rotation

(Bloomberg) -- Changes to the Federal Reserve’s interest-rate setting panel will make the U.S. central bank even less likely to tighten monetary policy in the new year, no matter how much of a jolt the economy gets from the rollout of Covid-19 vaccines. In the annual rotation of voters on the Federal Open Market Committee, the four regional Fed presidents who receive that...

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Unicaja merger values Liberbank at 763 million euros

MADRID (Reuters) - Spanish lender Unicaja will own 59.5% of the new entity created by its merger with Liberbank, the lenders said on Wednesday, in an deal that valued Liberbank at 763 million euros ($937.12 million). The boards of Unicaja and Liberbank approved on Tuesday a merger in which Unicaja will fully absorb its rival to create a bank with 110 billion...

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Daily Briefing: Bulls undeterred

By Sujata Rao and Danilo Masoni Thanks to Mitch McConnell, the U.S. Senate probably won't debate the measure upping stimulus payments to $2000 per head this side of the New Year, but the Senate Majority Leader hasn't managed to knock stock markets or dent expectations of a global growth rebound. The optimism is reflected in world stocks just off record highs,...

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Energean to buy remaining stake in Israeli oilfields for up to $405 million

(Reuters) - Gas exploration and production firm Energean Plc said on Wednesday it would acquire the remaining 30% stake in its Israeli offshore fields for $380 million to $405 million. The company, which currently holds 70% interest in its Israeli unit, said it would pay private-equity firm Kerogen Capital $175 million upfront for the stake and a deferred payment of $125 million...

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Lockdown in England to be widened as cases rise, Hancock says

LONDON (Reuters) - Lockdown measures in England will be extended to counter the rapidly growing number of cases of a new variant of COVID-19, Health Secretary Matt Hancock told BBC television on Wednesday. Asked if the current tiered measures would be broadened, Hancock said: "Yes, I'm going to set out the details of that to the House of Commons this afternoon."...

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