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Italy: The next multibillion-dollar art market?
As Italy's new government promises much-needed reforms to invigorate the country's economy, experts have flagged one area in dire need of change.
Tue, 22 Apr 2014 04:33:56 -0700

Could Italy be the next major art hub?
As Italy's new government promises much-needed reforms to invigorate the country's economy, experts have flagged one area in dire need of change.
Tue, 22 Apr 2014 05:57:57 -0700

Italy's Pop Sondrio repays early 500 million euros of crisis loans
Italy's Banca Popolare di Sondrio (MIL:BPSO) said on Wednesday it had paid back 500 million euros (410 million pounds) in crisis loans received from the European Central Bank ahead of time. In a statement the regional lender said reimbursement of the loans, maturing on February 26 next year, had been completed on Wednesday due to its improved liquidity situation. Italian banks took a total of ...
Wed, 23 Apr 2014 06:09:37 -0700

Italy coach shows softer side in ethics clampdown
A hasty punch may have cost Mattia Destro his place in Italy's World Cup squad under coach Cesare Prandelli's code of ethics campaign. He was suspended for three matches and missed Prandelli's fitness tests for 42 players last week. "Even in the last month of the season, whoever slips up stays at home because it means he won't be able to handle the pressure of the World Cup," Prandelli said ...
Mon, 21 Apr 2014 18:09:48 -0700

Italy to declassify documents on 'Years of lead' violence
Italy will declassify secret documents about terrorist bombings between the 1960s and 1980s during a period known as the "Years of lead", the government announced on Tuesday. The ultra-leftwing Red Brigades, neo-fascist groups, shadowy secret service figures and the mafia have all been implicated in the surge of political violence including the 1969 bombing in Milan's Piazza Fontana and the ...
Tue, 22 Apr 2014 11:00:24 -0700

Italy's UniCredit, Intesa to set up bad loans vehicle with KKR: FT
(Reuters) - Italy's two largest banks, UniCredit and Intesa Sanpaolo , are teaming up with U.S. private equity firm Kohlberg Kravis Roberts to pool some of their bad loans into a vehicle that will provide fresh capital for the struggling companies, the Financial Times reported. The vehicle could house several billion euros of loans, the paper said. The two Italian banks are considering how much ...
Mon, 21 Apr 2014 18:23:46 -0700

Italy again pushes back balanced budget goal
Italy has again pushed back its balanced-budget goal, now aiming for 2016. Finance Minister Pier Carlo Padoan wrote to the European Commission this week, saying that because of Italy's stubborn economic ...
Thu, 17 Apr 2014 09:25:05 -0700

Italy parliament approves delay in balancing budget
Italy's parliament approved slower debt reduction and a delay in balancing the public budget on Thursday in a vote on the government's multi-year economic forecasts. The document outlining the assumptions, which must be approved by the European Commission, raises the target for Italy's huge public debt, the second largest in the euro zone after Greece's, to 134.9 percent of output this year from ...
Thu, 17 Apr 2014 08:14:41 -0700

Italy's Monte dei Paschi considers bigger cash call
By Lisa Jucca and Stefano Bernabei MILAN/ROME (Reuters) - Italy's loss-making Banca Monte dei Paschi di Siena is considering increasing the size of its planned share sale to help it pass a Europe-wide bank health check and repay state aid this year. Eight Italian banks including Monte dei Paschi di Siena, the third-largest, have already announced they will seek to raise 8 billion euros ($11 ...
Tue, 15 Apr 2014 08:57:09 -0700

Italy sees inflation slow down
Inflation in Italy has slowed again to 0.4 per cent on a 12-month basis in March, official data shows.
Mon, 21 Apr 2014 16:58:06 -0700

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