Oil slips towards $50 on doubts over output-cut extension
LONDON Oil fell further towards $50 a barrel on Monday, pressured by uncertainty over whether an OPEC-led production cut will be extended beyond June in an effort to counter a glut of crude.
MILAN Italy's market watchdog Consob said on Friday Monte dei Paschi di Siena's (BMPS.MI) shares and securities will be suspended from trading until the conditions of a state bailout for the country's third biggest bank become clear.
Monte dei Paschi earlier on Friday it was asking for government support after its privately-funded 5 billion recapitalization plan failed.
(Reporting by Silvia Aloisi, editing by Valentina Za)
LONDON The dollar slid to a four-month low against a basket of currencies on Monday as concerns rose about the prospects of a U.S. public spending boost under President Donald Trump after he failed to push through a healthcare reform bill.
LONDON Economists at HSBC changed their outlook for U.S. interest rates on Monday, and now expect the Federal Reserve to deliver another two rate hikes this year instead of the one previously anticipated.