International Business Machines Corp. (IBM) and Gruppo Monte Paschi Siena announced a 260 million euro IT Services agreement for IBM to help cut costs and improve efficiencies for the Italian bank's Operational Consortium. The agreement was signed in June 2007.The new agreement is an extension to an existing 420 million euro contract signed in 2003, and is expected to bring about 48 million euro in cost savings over the new 6-year term.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.