Sonia Sirletti, Elisa Martinuzzi and Sergio Di Pasquale
Banca Monte dei Paschi di Siena SpA, the bailed-out Italian bank, will seek 5 billion euros ($6.9 billion) of capital from investors to repay state aid and build a buffer as regulators review European lenders’ assets.
The Obama administration’s announcement yesterday that it was delaying a ruling on the Keystone XL oil pipeline drew an angry reaction from supporters of the $5.4 billion project, including some who said it was designed to push the issue beyond the November election.
A U.S. Supreme Court justice rejected Teva Pharmaceutical Industries Ltd.’s bid to block generic versions of its Copaxone multiple-sclerosis drug while the court hears the company’s appeal in a patent clash.
Volkswagen AG forecast its sales in China will increase 10 percent or more in 2014, signaling the German automaker will outsell General Motors Co. in the world’s biggest auto market for a second-straight year.
Aspen Insurance Holdings Ltd. adopted a so-called poison pill to discourage a hostile takeover after rebuffing a $3.2 billion buyout offer from Endurance Specialty Holdings Ltd. Aspen declined the most since February in New York trading.