US OKs potential sale of missiles and bombs to Italy, Pentagon says
WASHINGTON (Reuters) – The U.S. State Department has approved the potential sale to Italy of air-to-air missiles and small diameter bombs, the Pentagon said on Thursday. Italy has requested to buy 125…
Italy Finance Minister sought clarification from UniCredit CEO over Pop Sondrio, sources say
By Valentina Za and Giuseppe Fonte MILAN (Reuters) – Italy’s Economy Minister Giancarlo Giorgetti sought clarification from UniCredit CEO Andrea Orcel over the lender’s potential interest in Popolare di Sondrio during a…
Ferrari negotiated with Italy terms of enhanced voting rights scheme, sources say
By Giuseppe Fonte and Giulio Piovaccari ROME/MILAN (Reuters) – Ferrari held talks with the Italian government to amend measures in Rome’s capital markets bill that would help the luxury sports carmaker bring…
Italy industry minister has no bad-loan proposal in the offing
ROME (Reuters) – Italy’s industry minister, Adolfo Urso, has no plans to promote measures to help borrowers in arrears and would rather leave the matter with parliament, he told Reuters, after proposals…
Bank of Italy cuts 2024 GDP forecast to 0.6%, sees inflation below 2%
ROME (Reuters) – The Italian economy will grow by just 0.6% next year, the country’s central bank said on Friday, cutting a previous forecast of 0.8% made two months ago and citing…
Italy looking to help debtors without roiling bad debt market
By Valentina Za and Giuseppe Fonte MILAN (Reuters) – Italy has reined in plans to help borrowers struggling with debt repayments and will focus only on very small business loans, a government…
Italy upbeat on LatAm exports, Mercosur pact would do more
By Gabriel Araujo SAO PAULO (Reuters) – Italy’s exports to Latin America’s largest economies are expected to grow by about 5% in 2024 even as it pushes for a landmark European Union…
Thousands pay tribute to woman murdered in northern Italy
MILAN, Italy (Reuters) – Thousands of people on Tuesday attended the funeral of an Italian university student who was murdered last month by an ex-boyfriend, in a case that triggered nationwide protests…
Italy has no intention of backing EU budget rules it cannot meet, Finance Minister says
By Giuseppe Fonte ROME (Reuters) – Italy will not accept new European Union budget rules it cannot meet, Economy Minister Giancarlo Giorgetti said, as talks struggle to make progress ahead of an…
Italy, Spain stocks hit peaks after over 20% rally in 2023
By Matteo Allievi and Danilo Masoni GDANSK/MILAN (Reuters) – Italian and Spanish stocks hit multi-year highs on Thursday following a rally of over 20% so far this year that has placed them…
Italy court postpones derivatives trial verdict on ex Monte Paschi execs
MILAN (Reuters) – An Italian appeals court on Monday postponed its verdict in the case of three former executives of Banca Monte dei Paschi di Siena over derivative deals blamed for playing…
Italy needs to get tougher on debt, deficit -IMF’s Georgieva
ROME (Reuters) – Italy should be taking tougher action to deal with its deficit and debt levels, the head of the International Monetary Fund (IMF) said in an interview published online on…
Italy raises $1 billion from Monte dei Paschi’s 25% stake sale
By Giuseppe Fonte and Valentina Za MILAN (Reuters) -Italy attracted strong interest from funds when it sold 25% of Monte dei Paschi di Siena (MPS) for 920 million euros ($1 billion) on…
Italy wary of triggering further budget adjustments by Eurostat
ROME (Reuters) – Italy must take care to avoid further fiscal adjustments by European Union statistics agency Eurostat, otherwise the government may be forced to rewrite its 2024 budget in a restrictive…
Italy govt 2023 GDP growth target could be revised downwards, Finance Minister says
ROME (Reuters) – Italy’s government could revise downwards its growth target for this year which was set at 0.8% in September, Economy Minister Giancarlo Giorgetti said on Tuesday. The country’s economy stagnated…
Bank of Italy sticks to 0.7% 2023 GDP growth forecast despite expected weak Q4
ROME (Reuters) – Itay can still achieve economic growth of 0.7% this year despite an expected weak fourth quarter, the country’s central bank said on Monday. Italy’s economy stagnated in the third…
Summit of G7 leaders to take place on June 13-15 – Italy PM
ROME (Reuters) – The next summit of G7 leaders will take place on June 13-15, Italian Prime Minister Giorgia Meloni said on Friday. The meeting will take place in Borgo Egnazia, a…
Analysis-Growing Italy risk puts equities at deepest discount in 35 years
By Joice Alves and Danilo Masoni LONDON/MILAN (Reuters) – Italian stocks are trading at their deepest discount in 35 years compared to world shares as investors fret over the fiscal outlook in…
Italy picks UBS, Jefferies, Clifford Chance for MPS privatisation
By Giuseppe Fonte ROME (Reuters) – Italy’s Treasury said on Friday it had picked UBS , Jefferies and Clifford Chance as financial and legal advisers for the privatisation of bailed-out bank Monte…
Amazon to launch drone deliveries in Italy and UK in late 2024
(Reuters) – Amazon said on Wednesday it was planning to begin delivering packages through drones in Britain, Italy and a third location in the United States, as part of the e-commerce giant’s…
Italy central bank cuts GDP growth forecast for 2023 and 2024
ROME (Reuters) – The Italian economy will grow by 0.7% in 2023 and by 0.8% next year, the country’s central bank said on Friday, revising down previous forecasts made in July and…
Italy Finance Minister says great concern among G7/G20 countries for Middle East crisis
MARRAKECH (Reuters) – There is great concern among the world’s major economies about the fallout from the crisis in the Middle East after last week’s attack on Israel, Italy’s economy minister said…
IMF’s chief economist urges Italy to toughen budget plans -media
ROME (Reuters) – The International Monetary Fund wants Italy to make its 2024 budget framework more stringent, as tax cut plans made the Fund “a bit worried”, its chief economist, Pierre-Olivier Gourinchas,…
Imperative for Italy to control public spending, economy minister says
By Giuseppe Fonte ROME (Reuters) – Italy’s economy minister said on Tuesday strict control of public spending was essential as the European Union prepares to restore tough fiscal rules next year that…
ECB’s Knot says Italy is paying price for higher deficit
STRBSKE PLESO, Slovakia (Reuters) – Italy is paying the price for raising its deficit targets via higher borrowing costs, European Central Bank policymaker Klaas Knot said on Friday, telling governments to tighten…
Italy impounds migrant charity ship after multiple rescues
By Angelo Amante ROME (Reuters) – Italian authorities have impounded a vessel operated by a Spanish charity, the group said on Thursday, after it carried out multiple rescues of migrants stranded in…
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