Global Glance: Shares rise in Italian banks; China says Trump’s Taiwan comments cause ‘serious concern’

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Here are today’s top business headlines from across the nation and world:

Shares rise in Italian banks amid hopes for investor help

MILAN (AP) — Shares are up in Italy’s banks amid hopes that a new government will provide the political stability needed for them to raise billions in cash from investors. The most troubled lender, Monte dei Paschi di Siena, saw its stock price rise over 7 percent on Monday after it said over the weekend that it is moving ahead with a plan to raise 5 billion euros ($5.2 billion) from private investors by the end of the year. Read more

China says Trump’s Taiwan comments cause ‘serious concern’

BEIJING (AP) — China said Monday that it had “serious concern” about President-elect Donald Trump’s most recent comments about Taiwan, and warned that any changes to how America deals with the self-governing island could damage diplomatic ties between Washington and Beijing. The comments from China, the No. 2 U.S. trade partner, came a day after Trump said in a television interview that he didn’t feel “bound by a one-China policy.” Read more

Top contender to lead state known to back free trade, Russia

WASHINGTON (AP) — The top contender to lead U.S. foreign policy under Donald Trump is known for his longstanding support of free trade, international law and an expansive presence in the Middle East that doesn’t fit with Trump’s pitch to supporters. Exxon Mobil CEO Rex Tillerson also is known for his Russia connections and would be the Trump’s most concrete outreach yet to Russian President Vladimir Putin. Read more

Iran signs deal with Boeing to buy 80 planes worth $16.6 billion

TEHRAN, Iran (AP) — Iran’s flag carrier finalized a major deal with U.S. plane maker Boeing Co. to buy $16.6 billion worth of passenger planes Sunday in one of the most tangible benefits yet for the Islamic Republic from last year’s landmark nuclear agreement. Iran Air’s deal for 80 jetliners is the biggest agreement Iran has struck with an American company since the 1979 revolution and U.S. Embassy takeover. It has the potential to transform Iran’s creaking and accident-prone aviation industry, which has been hobbled by years of sanctions. Read more

Lagarde’s lawyer to seek delay in French negligence trial

PARIS (AP) — A lawyer for International Monetary Fund chief Christine Lagarde says he will ask judges to postpone a high-profile trial in which she’s accused of negligence for allowing a huge handout to a well-connected businessman. Lagarde is due to appear in a special Paris court Monday when the trial opens in the case, which dates to her time as French finance minister in 2008. She contests the charges. Read more

EU, Cuba sign cooperation pact, vow Trump will not hurt ties

BRUSSELS (AP) — The European Union and Cuba signed a first-ever agreement on closer ties on Monday, and vowed that the arrival in office of U.S. president-elect Donald Trump would not impact on their future relations. The accord, aimed at supporting economic development and promoting democracy and human rights on the island, will form the legal platform for future ties between Brussels and Havana. The EU’s official stance toward Cuba dates from 1996. Read more

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