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Italy admits it will not meet growth targets
Italy's Prime Minister Matteo Renzi said on Thursday he expected the eurozone's third largest economy to miss its growth target this year -- a failure that will make it tough for the government to balance its budget. We're not in a position to be as virtuous as we imagined," he told members of his centre-left Democratic Party, two weeks after the Bank of Italy dramatically slashed its growth ...
Thu, 31 Jul 2014 12:56:52 -0700

Fiat Says Ciao to Italy as Merger With Chrysler Ends Era
Fiat SpA (F), Italy's largest manufacturer and a symbol of the country's struggle to adapt to globalization, is leaving home after 115 years. The controlling Agnelli family and other investors will meet today in Turin to seal the end of Fiat as an Italian company after it merges with Chrysler. Created by Italian-Canadian Chief Executive Officer Sergio Marchionne, Fiat Chrysler Automobiles NV ...
Thu, 31 Jul 2014 15:01:00 -0700

Italy agrees to sell energy grid stake to China
Italy has agreed to sell a 35 percent stake in its electricity grid to China's state power company for at least 2.1 billion euros ($2.8 billion) as part of its privatisation drive. The board of state holding company Cassa Depositi e Prestiti (CDP) on Wednesday gave the green light for the sale to China's State Grid Corp., according to a statement. The deal is the latest move by China to buy up ...
Wed, 30 Jul 2014 13:24:30 -0700

Fiat Says Ciao to Italy as Merger With Chrysler Ends Era: Cars
Fiat SpA (F) , Italy ’s largest manufacturer and a symbol of the country’s struggle to adapt to globalization, is leaving home after 115 years. The controlling Agnelli family and other investors will meet today in Turin to seal the end of Fiat as an Italian company after it merges with Chrysler.
Thu, 31 Jul 2014 15:29:02 -0700

Italy Borrowing Costs Drop to Record Lows at Bond Auction
Italy sold five-year and 10-year debt (GBTPGR10) at record lows as the European Central Bank ’s stimulus continues to support demand for fixed-income assets in the periphery.
Wed, 30 Jul 2014 03:23:05 -0700

Italy Unemployment Falls as Youth Jobless Hits Record
Jobseekers browse job notices displayed on a board inside an employment center in Monterotondo, Italy. Close Jobseekers browse job notices displayed on a board inside an employment center in Monterotondo, Italy.
Thu, 31 Jul 2014 01:22:50 -0700

Italy Manufacturing at Eight-Month Low as Growth Momentum Ebbs
Italian manufacturing grew at the slowest pace in eight months in July, evidence that the euro region’s third-biggest economy is struggling to build momentum.
Fri, 01 Aug 2014 01:22:50 -0700

Fiat leaving Italy amid Chrysler merger's global aspirations
Fiat SpA, Italy's largest manufacturer and a symbol of the country's struggle to adapt to globalization, is leaving home after 115 years.
Thu, 31 Jul 2014 22:39:33 -0700

Sudanese Christian woman leaves Italy for the US
A Sudanese Christian woman who was sentenced to death for renouncing Islam then acquitted after international pressure on Khartoum, on Thursday left Italy for the United States with her family. Meriam Ibrahim Tehya Ishag, who met Pope Francis during her eight-day stopover in Italy, took an American Airlines flight for Philadelphia. The 26-year-old, her two infant children and American husband ...
Thu, 31 Jul 2014 11:07:32 -0700

Italy Raises Production Tax Credits
After years of cuts in the cultural sector, the country's new minister of heritage and cultural activities passes a law designed to grow the film and tourism industries.
Wed, 30 Jul 2014 01:51:55 -0700


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