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ROME Cheap Women's VaporMax Moc Flyknit Triple Black Shoes Australia , June 1 (Xinhua) -- Investors were bullish on banks Thursday after Italy and the European Union (EU) reached an initial agreement on the precautionary recapitalization of the troubled Monte dei Paschi di Siena (MPS) bank.

This means the Italian Treasury can step in to rescue MPS after its shareholders and junior bondholders take losses, in line with EU rules on state aid.

The news breathed new life into banking shares on the Milan stock market, where Bank of Generali traded up 2.10 percent, Bank of BPM advanced by 1.30 percent, BPER Bank rose 1.15 percent, and Bank of Mediolanum added one percent in mid-afternoon trading.

Founded in the Tuscan city of Siena in 1472 Cheap Men's Air Vapormax Flyknit 2018 Shoes White Australia , MPS emerged as Europe's weakest bank in 2016 stress tests out of 51 banks throughout the EU conducted by the European Banking Authority (EBA). This was due to billions of euros' worth of risky loans MPS made to clients who couldn't afford to repay them.

The Tuscan lender held approximately 26 billion euros' worth (29.2 billion U.S. dollars) in so-called non-performing loans (NPLs) as of Dec. 31 last year, according to the MPS corporate website.

In the first quarter this year, the bank posted gross operating earnings of 306 million euros and net operating losses of 169 million euros, according to its website.

Under terms of the Italy-EU agreement, MPS will dispose of its entire NPL portfolio on market terms while ""substantially increasing its efficiency.""

Efficiency measures include a salary cap for MPS senior management equal to 10 times the average salary of MPS employees, according to a European Commission statement.

The Italian Treasury currently holds four percent of MPS Cheap Men's Vapormax KPU TPU All Black Shoes Australia , which is Italy's third-largest bank and the world's oldest surviving one.

People's Bank Vicenza chief Fabrizio Viola said Thursday that the EU-Italy agreement on MPS means there was hope for his troubled bank as well. ""The closing of one dossier probably means there's more room to work on ours,"" Viola, who was CEO of MPS from 2012 to 2016, told reporters.

Italian lenders have come under pressure on the financial markets in recent years after bad loans accumulated on their balance sheets during the economic crisis.

Chinese Premier Li holds talks with German Chancellor Merkel in Berlin

Youngsters celebrate Int'l Children's Day in various ways across China

Kenya officially launches standard gauge railway

80 killed, 463 injured in car bomb explosion in Kabul, Afghanistan

Cheongsam show held at Sanshuiwan scenic spot in Taizhou City

In pics: Amboseli National Park in Kenya

In pics: outdoor cultural performance given by Ulanmuqi in N China

Water park attracts many citizens in SW China's Chongqing

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LISBON Cheap Men's Air VaporMax Laceless Shoes Pure Platinum White Australia , Feb. 12 (Xinhua) -- Follwoing is the result of Portuguese soccer league match on Friday:

SL Benfica lost to FC Porto 1-2

To be played on Saturday:

Moreirense FC vs Os Belenenses

CD Nacional vs Sporting CP

Vitoria SC vs Vitoria FC

Standings (tabulated under matches played, won, drawn, lost, goals for, goals against Cheap Men's Air VaporMax Laceless Black Night Shoes Black Australia , points):

SL Benfica 22 17 1 4 60 16 52

Sporting CP 21 16 4 1 43 14 52

FC Porto 22 15 4 3 43 15 49

SC Braga 21 11 6 4 35 14 39

Vitoria SC 21 8 7 6 30 31 31

FC P. Ferreira 21 8 6 7 29 25 30

Rio Ave FC 21 8 5 8 30 32 29

FC Arouca 21 6 10 5 28 27 28

Vitoria FC 21 6 8 7 32 38 26

Os Belenenses 21 6 7 8 27 46 25

Estoril Praia 21 6 5 10 19 27 23

Moreirense FC 21 6 5 10 24 35 23

U. Madeira 21 6 5 10 15 26 23

Maritimo M. 21 6 4 11 28 40 22

CD Nacional 21 5 6 10 24 32 21

Boavista FC 21 5 5 11 16 28 20

A. Academica 21 4 6 11 22 39 18

CD Tondela 21 2 4 15 15 35 10

BEIJING, Aug.20 (Xinhuanet) -- Production capacity cooperation between China and African countries can help the latter get rid of poverty and realize leapfrog development, said Justin Lin Yifu, counselor of the State Council and honorary dean of the National School of Development at Peking University.

"Since the 1950s and 1960s, the African countries have been grappling with the low-income trap and middle-income trap, which has caused them to lag behind Cheap Off White Vapormax Shoes Black White Australia , ” said Lin during a recent lecture at Xinhuanet.

Lin encouraged African countries to learn from China's success in its economic development.

Before China’s reform and opening-up, a majority of the country’s workforce was in the rural area, Lin said.

After developing the labor-intensive processing and manufacturing industry, a lot of appealing work opportunities were created and provided to people in the rural areas, he added.

African countries, if follow China’s trajectory Cheap Women's Air Max 97 GS Shoes Purple White Australia , are very likely to eradicate poverty, create more jobs, and solve problems hindering development, Lin said.

According to Lin, Africa countries should capture the opportunity arising from the relocation of labor-intensive industries from higher-income countries to lower-income countries, and make good use of their comparative advantages to realize leapfrog development.

He cited a Chinese shoe making company in Ethiopia as an example.?

In October 2011 Cheap Women's Air Max 97 GS Shoes Varsity Red White Australia , one of China’s biggest shoemakers invested and built a factory in Ethiopia.

After years of operation, it has developed into the largest shoemaker in that area. Currently, it employs about 6,500 local workers and is exporting shoes mainly to the United States.

“Before 2012, land-locked Ethiopia was one of the poorest countries in Africa, and few believed that it had the potential to grow into a manufacturing base selling goods to [international] market by developing its own labor-intensive industry Cheap Men's Air Max 97 Shoes Black Red Australia ,” said Lin.

After China’s?foreign?trade?enterprises being relocated to Ethiopia, the international buyers become more confident about doing business with Ethiopia, Lin added.

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