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UPDATE 2-Italy's Popolare Bari studying tie-up with other southern banks-sources

MILAN/DAVOS, Jan 23 Popolare di Bari is studying a possible tie-up with other local mutual banks, two sources said, as the Rome government said it was keeping an eye on the situation at the troubled southern Italian lender.

Davos 8:48am EST

UPDATE 1-Brazil's BTG seeks probe of XP for anti-competitive practices

SAO PAULO, Jan 22 Brazilian investment bank Banco BTG Pactual SA filed a complaint with the country's antitrust watchdog, Cade, accusing rival securities company XP Investimentos SA of anticompetitive practices and asking for an investigation, according to documents seen by Reuters.

Merkel urges reforms to IMF, World Bank to restore confidence in financial system

BERLIN, Jan 23 Global organisations like the International Monetary Fund and the World Bank must be reformed to restore confidence in the global financial system, German Chancellor Angela Merkel said on Wednesday, defending multilateralism as a 'win-win' guarantor.

Markets, Davos 8:36am EST

May must change red lines to win support for Brexit deal, opposition Labour says

LONDON, Jan 23 British Prime Minister Theresa May needs to change her red lines in Brexit negotiations to get a deal that lawmakers will approve, a spokesman for the opposition Labour Party said on Wednesday, adding that she was running down the clock on talks.

Norway wealth fund bought stakes in U.S. logistics properties

OSLO, Jan 23 Norway's sovereign wealth fund, the world's biggest, has bought six logistics properties in Chicago, Nashville and Orlando together with real estate partner Prologis, the fund said on Wednesday.


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