By Dhara Ranasinghe BRUSSELS (Reuters) - High inflation and aggressive central bank rate hikes have created challenging conditions for government bond.
High inflation and aggressive central bank rate hikes have created challenging conditions for government bond markets, but the ease of doing trade has held up relatively well, officials told a
By Reuters Staff
2 Min Read
ROME, Feb 1 (Reuters) - Italy’s Supreme Court has ordered a new trial for two ex-economy ministers and two former Treasury officials in a case over disputed derivatives transactions between the Treasury and U.S. bank Morgan Stanley.
The court also confirmed a previous ruling that the country’s audit court did not have jurisdiction to hear the case against the U.S. investment bank.
The ruling by the Supreme Court was made on Nov. 17 but only published on Monday. It concerns Morgan Stanley derivative transactions made by the Italian state between 1995 and 2005 and terminated in December 2011 and January 2012.