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Italian borrowing costs rise in 7-bn-euro bond auction

Italy's borrowing costs went up on Wednesday in an auction of 12-month bonds, rising to 1.078 percent from 0.962 percent last month after Standard and Poor's cut the recession-hit country's credit rating. The Italian Treasury said it had raised 7.0 billion euros (9.0 billion) in the sale as expected and that demand was 1.56 times higher than the offer compared to 1.49 times higher at the last similar sale in June.

Italian stocks fall amid political impasse

Italian stocks fell 0.48 percent in morning trading on Tuesday after the Easter break, following the failure of political parties to come to an agreement on forming a new government. The benchmark FTSE Mib index was down 0.48 percent at 15,265 points but there were no signs of panic despite the ongoing political deadlock more than a month after elections that left no clear winner. The worst-performing stock was Banca Monte dei Paschi di Siena, the world's oldest bank, which on Thursday unveiled net losses of 3.17 billion euros ($4.07 billion) last year.

FTSE falls sharply on Italy election stalemate

* FTSE 100 down 1.4 percent * Italy election vote ends in hung parliament * Randgold bucks weak market trend By Tricia Wright LONDON, Feb 26 (Reuters) - Weak banks and commodity stocks heaped pressure on Britain's top share index on Tuesday after an inconclusive election result in Italy which threatened to reignite the euro zone debt crisis.
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