ROME Dec 22 Italy's government will meet late Thursday or early Friday before European markets open to discuss an emergency decree to bail out troubled bank Monte dei Paschi di Siena, sources familiar with the matter told Reuters.
The salvage of Monte dei Paschi would be part of a 20 billion euro ($20.92 billion) safety net that Prime Minister Paolo Gentiloni plans to set up beneath the banking industry.
Gentiloni said on Thursday the cabinet would meet on Friday to discuss measures to help Italy's under-developed southern regions. He did not mention the banking decree, leaving open the door on a late-night meeting on Thursday. ($1 = 0.9561 euros) (Reporting by Stefano Bernabei, writing by Gavin Jones; Writing by Crispian Balmer)
Fairfax Financial to sell 12.2 pct of Indian insurer ICICI Lombard
MUMBAI, May 27 Canada's Fairfax Financial Holdings plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees ($3.15 billion), the Indian company said on Saturday.