Levi Strauss sues Italy’s Brunello Cucinelli over trademarked tab
By Jonathan Stempel (Reuters) – Levi Strauss has sued Brunello Cucinelli, accusing the Italian luxury fashion brand of infringing its trademarked rectangular pocket tab. In a complaint filed on Tuesday night in…
Italy’s antitrust probes Samsung over alleged unfair commercial practices
MILAN – Italy’s antitrust authority said on Wednesday it had opened an investigation against Samsung in Italy and two other companies over alleged misleading and aggressive commercial practices. The regulator said it…
S&P revises Italy’s outlook to stable from positive
(Reuters) – S&P Global Ratings said on Tuesday it had revised its outlook on its unsolicited BBB/A-2 ratings on Italy to stable from positive. The ratings agency, which affirmed all of its…
Italy’s Fincantieri reports 16% growth in H1 revenues
MILAN – Italian shipbuilder Fincantieri reported on Tuesday 16% growth in revenues to 3.5 billion euros ($3.54 billion) in the first half of this year compared with the year-ago period, driven by…
Italy’s ‘Super Mario’ Draghi undone by political infighting
ROME – Mario Draghi, the central banker turned Italian prime minister, won plaudits for his calm leadership as Italy emerged from the coronavirus crisis but suffered the same fate as many of…
Analysis-ECB bond aid plan’s fault lines exposed by Italy’s political crisis
By Francesco Canepa FRANKFURT – A government crisis in Italy is complicating a politically sensitive plan devised by the European Central Bank to support indebted euro zone countries on the bond market…
Italy’s AMCO to buy 1.4 billion euros of non-performing leasing credits from Intesa
MILAN – Italy’s state-owned bad loan specialist AMCO said on Friday it had signed an agreement with lender Intesa Sanpaolo to purchase a portfolio of non-performing leasing credits with a gross value…
Italy’s De Nora delivers on IPO, but prices at bottom of range
MILAN – Industrie De Nora will become the first company to debut on Italy’s main market since Russia’s invasion of Ukraine derailed new listings, though it priced its share sale at the…
Benettons, Blackstone obtain Italy’s green light on Atlantia takeover bid
MILAN – The Benetton family and U.S. fund Blackstone secured a green light from the Italian government for their takeover offer for infrastructure group Atlantia, their vehicle Schema Alfa said on Thursday.…
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
By Valentina Za MILAN – State-owned Monte dei Paschi di Siena (MPS) on Thursday announced a 2.5 billion euro ($2.6 billion) cash call under new Chief Executive Luigi Lovaglio. Here is a…
Italy’s borrowing costs unjustifiably high: ECB’s Visco
MILAN – Italy’s borrowing costs are unreasonably high so European Central Bank support to temper yields on the bloc’s periphery is fully justified, Italian central bank chief Ignazio Visco said on Thursday.…
Benetton, Blackstone on track to secure Italy’s nod for Atlantia bid – sources
By Giuseppe Fonte and Francesca Landini ROME – The Benetton family and U.S. fund Blackstone are on track to secure the green light from the Italian government for their takeover offer for…
Stellantis to halt Italy’s key Melfi plant next week due to chip shortage
MILAN – Carmaker Stellantis will again stop operations at its key Melfi plant in southern Italy next week, a union representative said on Wednesday, citing shortages of various parts, including semiconductors. Marco…
Business lobby sees 2% hit on Italy’s GDP if Russia stops gas
MILAN – Italy’s business lobby Confindustria forecasts an almost 2% hit on the country’s gross domestic product (GDP) on average per year in 2022 and 2023 in case of a stop of…
Italy’s TIM, CDP eye preliminary deal on single network, sources say
MILAN – Telecom Italia (TIM) is eyeing a preliminary agreement with state lender CDP over a long-held plan to merge TIM’s network assets with those of state-backed rival Open Fiber as early…
Benetton, Blackstone seek green light from Italy’s govt for Atlantia bid
By Giuseppe Fonte and Francesca Landini ROME – The Benetton family and U.S. fund Blackstone have notified the Italian government about their takeover offer for Atlantia to secure Rome’s green light before…
Italy’s Draghi to meet Biden as coalition frets over arms to Ukraine
By Gavin Jones ROME – Italian Prime Minister Mario Draghi heads to Washington on Tuesday to meet U.S. President Joe Biden against an awkward domestic backdrop, with coalition leaders voicing growing dissent…
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
MILAN – An appeals court on Friday acquitted all 13 defendants, as well as Deutsche Bank and Nomura, over derivative deals that prosecutors alleged helped Monte dei Paschi di Siena hide losses…
Italy’s Fincantieri reports sales rise as CEO prepares to leave
MILAN -Italy’s Fincantieri said sales rose 18% from a year earlier in the first quarter to 1.7 billion euros ($1.8 billion) driven by a strong performance of its core shipbuilding business. The…
Soccer – World Cup woes continue for Italy’s European champions
By Peter Hall – Italy broke English hearts last July as they won the European Championship final but after failing to qualify for the World Cup for the second straight tournament they…
Italy’s Intesa puts $6.3 billion of Russia, Ukraine loans under microscope
By Valentina Za MILAN – Intesa Sanpaolo said on Wednesday that its loans to Russian and Ukrainian clients amounted to 5.1 billion euros net of guarantees from credit export agencies, which is…
Stellantis to slow work at Italy’s Melfi plant as chips run short
MILAN – A worsening in microchip supply conditions triggered by Russia’s invasion of Ukraine will prompt carmaker Stellantis to slow operations at its key Melfi plant in Italy next month, trade unions…
Italy’s Leonardo sees Ukraine crisis accelerating EU defence project
By Francesca Landini MILAN – Italian aerospace and defence group Leonardo believes Russia’s invasion of Ukraine will accelerate plans to create European common defence capabilities and expects to see higher military spending.…
Italy’s state TV to hold at least 30% stake in towers unit
By Giuseppe Fonte ROME – Italy has ruled that state broadcaster RAI should retain a stake of at least 30% in its towers unit Rai Way, a draft government decree seen by…
Italy’s Prada says it is suspending retail operations in Russia
MILAN – The Milan-based luxury group Prada has suspended its retail operations in Russia, it said in a statement on Saturday, following a slew of other leading brands who have already announced…
Italy’s Generali to pull out of Russia as Intesa reviews business
MILAN – Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa Sanpaolo, Italy’s biggest bank, is reviewing its presence there. Generali…
Breaking News
