Italy president says he will step down soon
Italy's 89-year-old President Giorgio Napolitano said on Wednesday that he would step down soon because of his age, leaving Prime Minister Matteo Renzi facing a delicate political challenge to replace him.
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Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the bank's Countrywide Home Loans unit.
Iran and six world powers are set to resume low-level talks on Iran's nuclear program in Geneva on Jan 15, with wide gaps remaining in their positions, the Iranian foreign minister said.
Turkey's top judicial body has suspended four prosecutors who initiated a corruption investigation that targeted the inner circle of President Tayyip Erdogan, Dogan news agency reported on Tuesday.
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