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US markets mixed after First Republic Bank takeover
US markets mixed after First Republic Bank takeover
Business and Economy
by  AFP

Wall Street stocks were mixed on Monday as markets digested the takeover of the embattled First Republic Bank, while Tokyo stocks closed higher ahead of the Federal Reserve's key policy decision this week. - Central bank focus - Looking ahead, investors are closely eyeing the US Fed's next interest rate decision this week along with key data such as employment numbers.

Italy cuts anti-poverty subsidies as critics slam 'provocation'
Italy cuts anti-poverty subsidies as critics slam 'provocation'
Business and Economy
by  AFP

Italy's right-wing government on Monday rolled back anti-poverty subsidies introduced four years ago that helped some four million people last year, as critics denounced a "provocation" on the international May Day labour holiday. Italy's INPS social security agency says the citizens' revenue benefited four million people last year, with an average monthly subsidy of 550 euros.