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Euro under the gun, shares hit after Italy votes 'no' on reform

SINGAPORE/SYDNEY The euro was under the gun on Monday, skidding to a 20-month low after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilize the country's shaky banking system.

Recent Business News

Fed official stands by Wall Street reforms, says must complete work

NEW YORK The United States "absolutely must" complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday.

Dec 03 2016

EU blames China for WTO environmental trade talks collapse

GENEVA Europe's trade negotiator blamed China on Sunday for scuppering a global environmental trade deal by submitting impossible late demands at World Trade Organization talks aimed at scrapping import tariffs on exports worth more than $1 trillion.

12:01pm EST

Novartis CEO plays down prospects for Actelion bid: Blick

VIENNA Novartis Chief Executive Joe Jimenez has played down suggestions the Swiss drugmaker could bid for Swiss biotech group Actelion, which is in talks with U.S. healthcare group Johnson & Johnson about a transaction.

7:52am EST

Greece sees final solution on debt crisis amid euro uncertainty

ATHENS Political uncertainty in Europe has created fresh momentum for a "comprehensive and permanent" solution to the Greek debt crisis before the year ends, a government spokesman said on Sunday.

12:22pm EST

Aixtron, Fujian to explore what is left of deal after U.S. veto

FRANKFURT German semiconductor equipment maker Aixtron will explore with its Chinese suitor what can be salvaged of the planned takeover after a U.S. presidential order ruled the deal posed a national security risk, the company said on Saturday.

Dec 03 2016

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