Sept 22 Australian shares are expected to extend gains into a third consecutive session on Thursday, as markets cheer the U.S. Federal Reserve's overnight decision to hold off on a rate rise. The central bank left interest rates unchanged on Wednesday but strongly signaled it could still tighten monetary policy by the end of this year. The local share price index futures rose 0.6 percent, or 32 points, to 5,355, a 15.4-point premium to the underlying S&P/ASX 200 index close. The benchmark finished 0.7 percent higher on Wednesday. New Zealand's benchmark S&P/NZX 50 index was up 0.5 percent, or 38.88 points, at 7,320.05 at 22:10 GMT. The benchmark ended 0.4 percent lower in the previous session. For a summary of overnight action across global markets, double click on For a digest of the day's business stories in Australian newspapers, double click on (Reporting by Rushil Dutta in Bengaluru; Editing by Chris Reese)
UPDATE 1-Milan court orders trial over Monte dei Paschi trades -legal sources
MILAN, Oct 1 A Milan court has ordered Banca Monte dei Paschi di Siena, Nomura and Deutsche Bank to stand trial for a string of alleged financial crimes, legal sources said on Saturday.
Texas businessman Wyly strikes $198 million deal with SEC
NEW YORK, Oct 1 Texas businessman Sam Wyly has agreed to pay $198.1 million to resolve claims by U.S. securities regulators that he engaged in a long-running securities fraud to hide trades in companies he controlled using offshore trusts, according to a court filing.