Italy plans to shield the holding
companies of two new large cooperative banking groups from
losses related to their Italian government bond portfolios, the
head of the Senate's finance committee Alberto Bagnai said on
Every Brazilian, including
current and former members of the armed forces, will have to
compromise under the next administration's pension reform plan,
a former general set to become government minister said in an
Saudi Arabian government
collected more than 50 billion riyal ($13.33 billion) so far
this year from settlements reached with detainees in a crackdown
on corruption launched at the end of last year, said Finance
Minister Mohammed al-Jadaan on Tuesday.
Saudi finance minister Mohammed
al-Jadaan said on Tuesday the policy of the country's sovereign
fund, Public Investment Fund (PIF), is based on medium to
long-term investments, and it did not contribute revenues to
2018 and 2019 budgets.
The excitement of proposed initial public
offerings by ride-hailing rivals Uber and Lyft next year may not
be enough to encourage other firms to follow suit, as they fear
that slowing global growth and rocky stock markets dragging into
next year could threaten market debut valuations.