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Italy to bolster shaky banking system

BUSINESS

Italy to bolster shaky banking system

With just one week in power, the Italian new government is seeking to increase sovereign debt to support the country's fragile banking system.

India to let Iranian banks open branches

ECONOMY

India to let Iranian banks open branches

The Federation of Indian Export Organizations (FIEO) had asked the Reserve Bank of India to issue the licenses for five Iranian banks to open branches in India.