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EU Reporter Published 3 months ago Despite Italian foreign minister Luigi di Maio’s denials, reports are still floating around that the Italian government wants the European Central Bank to write off some of its debt in order to support Rome’s expansionary fiscal policies. The ECB is unlikely to agree, particularly given the increasingly dubious ways in which Rome is burning cash for questionable projects, from propping up perpetually loss-making companies, to pushing for the creation of national champions, writes Colin Stevens. Indeed, under the Conte administration, Italian state lend...

overnight, the nikkei was actually up by 11.3%. but this comes on the heels of a 5% drop the day before. people are watching that closely to figure out how nervous they should be based on the oil prices in japan. oil price res down by 76 cents, to 92.85. the yield on the ten-year is 2.068%. it is the -- there's a page one story that focuses on what has happened in the month of may as bond price ves plummeted. the yield has moved up by about a half a percentage point over that period of time. obviously, still incredibly low by historic standards, but people are starting to debate abou...

country's president try and meet the ten wise men amid post election dead lock today. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. welcome back to the program. welcome back to a two-hour program and it's a good thing because there is so much to get through today including data that's breaking just at the top of the hour. shedding the final march pmi manufacturing for europe coming in at 46.8. as you can see, the euro is roughly unchanged. some economies, the biggest ones have seen while they're still in contraction some impro...