December 20, 2016 / 1:20 AM / in a year

PRESS DIGEST- Financial Times - Dec 20

Dec 20 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.


* Italy seeks up to 20 bln euros to prop up fragile lenders

* IMF stands by Christine Lagarde after negligence verdict

* Canada settlement adds C$2.1bn to VW emissions bill

* Intesa Sanpaolo says involvement in Rosneft deal 'still under evaluation'


- Italian government asked the parliament to authorise the release of 20 billion euros ($20.79 billion) to prop up the country’s most fragile lenders, as it prepaares to possibly rescue Monte dei Paschi di Siena.

- IMF chief Christine Lagarde was found guilty of negligence in public office by a special Paris court. However, the former French finance minister won the support of her board, clearing the way for her to continue on at the head of the IMF.

- Making Canada the second most expensive country after the United States for the Volkswagen’s global diesel scandal, Volkswagen Canada has agreed to pay up to C$2.1 billion ($1.57 billion) to buy back or fix more than 100,000 cars equipped with test-cheating software.

- Italy’s second-largest bank by assets, Intesa Sanpaolo , said its “potential involvement” in financing the purchase of a 19 percent stake in Rosneft by a consortium including the Qatar Investment Authority and Glencore SA, “is still under evaluation”.

$1 = 1.3395 Canadian dollars $1 = 0.9618 euros Compiled by Sagameswaran S in Bengaluru; Editing by Cynthia Osterman

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below