Ruble Falls Fifth Day as Russia Efforts Damp Carry-Trade Appeal

The ruble weakened for a fifth day as Russian government and central bank efforts to stem the currency’s gain damped its carry-trade appeal.

Dawdling on law change, Italy may miss out on cheap foreign funding

LONDON, June 26 (Reuters) - Italy, the euro zone's biggest debtor, risks missing out on cheap foreign funding unless the Treasury can win approval to use controversial derivatives to protect itself against currency swings.