Italy
Italy rescued banks need further 1.5 bln euros to close sale
ROME: Italian banks must stump up a further 1.5 billion euros to ensure the sale of four small banks rescued...
Italy trade surplus rises in Nov
ROME: Italy's foreign trade surplus increased in November from a year ago, as exports grew faster than imports, figures from...
Italy’s exports risk paying a hefty price tag for protectionism in 2017
ROME: This year is expected to be a difficult one for free trade; and protectionist President-elect Donald Trump, with his...
DBRS cuts Italy’s credit rating, posing problems for its banks
ROME: Canadian rating agency DBRS on Friday cut Italy's sovereign credit rating to BBB (high) from A (low), a move...
Italy increase 50% in agricultural exports
ROME: As reported by the "L'agricoltura nelle regioni d'Italia" report published by Confagricoltura, Italian exports increased by 71% in the...
Italy’s UBI plans 400 mln euros share issue to buy three rescued banks
ROME: Italy's fifth-largest bank UBI Banca (UBI.MI) said on Thursday it would launch a share issue for up to 400...
Italy to decide on Google’s proposal over tax dispute
ROME: Italian tax authorities are considering a proposal from Google to pay up to €280 million ($296 million) to settle...
Italy’s unemployment rises to 11.9%
ROME: Unemployment in Italy rose to 11.9 percent in November 2016, the highest level since June 2015, the Italian Institute...
Italy’s Target 2 liabilities fall to 356.6 bln euros in Dec
ROME: The Bank of Italy's liabilities towards other euro zone central banks fell to 356.559 billion euros in December, down...
Egypt’s EGAS signs $86 mln oil and gas deal with Italy’s Edison
ROME: Egypt's Natural Gas Holding Company (EGAS) signed a new oil agreement on Thursday with Italy’s Edison to explore and...
Italy trade balance with Russia has almost recovered
ROME: Italian exports almost reaching the break-even point with Russia (-0.9%) in November was a very important sign—the first indicator...
Italy records annual deflation for first time since 1959
ROME: Consumer prices fell in Italy last year for the first time since 1959, according to data released on Wednesday...
Sale of small Italian banks to UBI delayed at Commission’s request
MILAN: The sale of three small Italian banks, rescued in 2015, to bigger rival UBI (UBI.MI) has been delayed by...
Deutsche Bank chairman rules out European merger
ROME: Deutsche Bank Chairman Paul Achleitner has ruled out a European merger or a state bailout after the lender’s mortgage...
Monte Paschi to issue €15bn in debt after EU approves support
ROME: Italy’s Banca Monte dei Paschi di Siena, which is being bailed out by the state, plans to issue €15...
S&P says Italy rating unaffected by state support to banks
ROME: Standard & Poor's said today it did not expect any immediate effect on Italy's sovereign rating following the government's...
Italy’s Eni signs 2 new gas exploration deals with Egypt
ROME: Italy’s Eni, one of the leading global oil and gas companies, signed on Tuesday two new concession agreements with...
Italy’s Monte dei Paschi bank shortfall reaches $9.2bn
ROME: The European Central Bank calculates that the troubled Italian bank Monte dei Paschi needs about €8.8 billion to be...
Italy drop of profitability in primary sector
ROME: "In the global market, competition from foreign productions is based exclusively on price rather than on quality," reports Leonardo...
Italy agrees €20bn deal to prop up banking system
ROME: Italy’s parliament has approved a €20 billion plan to prop up the banking system but the decision did little...
