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Italy firms as investors bet against immediate snap election

LONDON Italian shares rose on Monday as investors bet against an immediate snap election in Italy following Prime Minister Matteo Renzi's resignation after defeat in a constitutional reform referendum.

Recent Business News

Coca-Cola opens new $100 million plant in Cambodia

PHNOM PENH Coca-Cola Co opened a new $100 million facility in Cambodian capital Phnom Penh on Monday to expand its production capacity in the Southeast Asian nation.

4:08am EST

Italian instability is not start of euro zone crisis: Eurogroup head

BRUSSELS Political instability in Italy makes life more difficult for Italy and the whole euro zone, but is not the start of new euro zone crisis, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Monday.

6:08am EST

RBS to pay investors $1 billion in bid to avoid fundraising trial

LONDON Royal Bank of Scotland has agreed to pay 800 million pounds ($1 billion) over allegations it misled shareholders during a fundraising at the height of the financial crisis.

6:26am EST

OPEC says members investing heavily to ensure oil supply

NEW DELHI OPEC members are investing heavily to ensure supplies can meet global oil demand, which is likely to continue to rise steadily, the group's secretary general told an energy conference on Monday.

4:59am EST

European shares shrug off 4 percent drop for Italian banks

MILAN A slump in Italian banking stocks, hit by worries that efforts to clean up bad debts would get derailed by the onset of political uncertainty, was offset by gains in European healthcare and mining stocks helping the regional benchmark to rise more than 1 percent on Monday.

3:44am EST

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