GO
Loading...

Italy

More

  • ROME— The leader of Italy's Northern League brought his anti- Europe, anti-immigrant agenda to Rome Saturday, filling a vast square in the capital with thousands of his supporters and positioning his regional movement for a bid to become a national right-wing force. Salvini's railing against the European Union prompts comparisons to French National Front...

  • VATICAN CITY— The Vatican spokesman on Friday condemned as "unworthy and petty" the leaks of documents detailing power struggles inside the Holy See and the expenditures of Pope Francis' new finance czar. In a cover story Friday, Italy's L'Espresso weekly detailed opposition to Cardinal George Pell's financial reform and revealed that his Secretariat for the...

  • LONDON, Feb 27- Electronic cigarette firms in Italy say a new levy that doubles the price of e-liquid refills unfairly helps tobacco giants like Philip Morris International and will hurt their industry. The controversy centres on the fact that the lower rate is applied to both electronic cigarettes and to tobacco products such as Marlboro HeatSticks, which...

  • MILAN— Shape and color engaged designers on the second day of Milan Fashion Week of womenswear previews for next autumn and winter, featuring shows by Fendi, Max Mara, Just Cavalli and Prada. Some highlights from Thursday's shows:. Miuccia Prada explored cliches of beauty in her looks for next winter.

  • ROME— Italy and Liechtenstein have signed an agreement to exchange financial information to crack down on tax evasion. The accord signed Thursday is similar to one inked between Italy and Switzerland earlier in the week and helps bring two countries known for banking secrecy into line with international standards. The agreement calls for Italy and...

  • *Italy govt has approved reform of "popolari" banks. MILAN, Feb 26- Italy's government is under pressure from banks and their allies in parliament to water down a landmark reform of large cooperative banks, which the lenders fear will make them prey to foreign rivals and speculative investors. Affected banks include UBI Banca, Banco Popolare and Banca Popolare di...

  • *Cyberonics will have 54 pct of new group; Sorin 46 pct. MILAN, Feb 26- Italian medical device maker Sorin and its smaller U.S. peer Cyberonics Inc announced a merger on Thursday to create a global leader in cardiac surgery and neuromodulation with an equity value of $2.7 billion. Sorin's boss Andre-Michel Ballester will become chief executive and the board will be...

  • LONDON, Feb 26- Italy sold debt at a record-low cost on Thursday and borrowing costs across the euro zone tumbled to new troughs as investors stocked up before the launch of the European Central Bank's sovereign bond-buying scheme in March. Ten-year yields in Germany, Ireland, Portugal, Italy, France, Austria, Finland and the Netherlands all hit lows- and...

  • MILAN, Feb 26- United States- based medical device maker Cyberonics Inc has agreed to buy Sorin SpA in an all-stock deal that the Italian company said values it at about $1.4 billion. Cyberonics will hold a 54 percent stake in the new company and Sorin the rest. Cyberonics shareholders will receive one share of the new company for every share held, while Sorin...

  • Europe closes: Greek banks lower  Wednesday, 25 Feb 2015 | 11:27 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the latest debate in Greece.

  • Google investigated in Italy over tax issues-prosecutors Wednesday, 25 Feb 2015 | 9:50 AM ET

    MILAN, Feb 25- Italian authorities are investigating whether Google violated any tax laws in the country, Milan's prosecutor said on Wednesday, adding that talks were under way with the U.S. company over a possible settlement. Officials had started discussions with Google representatives relating to its earnings in Italy in the years from 2008 to 2013, Milan...

  • LONDON/ PARIS, Feb 25- Lazard banker Vincent Le Stradic recently took a break from his job advising Europe's top telecoms companies on deals to help little-known French start-up Sigfox raise 100 million euros. Not many of his peers would spend months working on a relatively small transaction when big fees were there for the taking from industry leaders such as...

  • France and Italy launch a rail project across the Alps Tuesday, 24 Feb 2015 | 10:36 AM ET

    PARIS— French president Francois Hollande and Italian prime minister Matteo Renzi have signed an agreement for a long-standing rail project to ease transport of freight across the Alps. The project, which would connect the cities of Lyon in France and Turin in Italy, includes the construction of a 57- kilometer tunnel for an estimated cost over 8 billion euros.

  • MILAN, Feb 24- Italian aerospace and defence group Finmeccanica has agreed to sell its rail business to Hitachi Ltd in a deal which will cost the Japanese conglomerate up to 1.9 billion euros and cut Finmeccanica's debt by 15 percent. For Hitachi the acquisition will give it a stronger foothold in Europe where it competes with the world's top three train makers-...

  • MILAN, Feb 24- Italian conglomerate Finmeccanica has agreed to sell its rail assets to Japan's Hitachi in a potential 1.9 billion euro deal that will cut its debt by 15 percent and help it to refocus on aerospace and defence. Hitachi, meanwhile, will gain a stronger foothold in Europe to compete with bigger rivals such as Germany's Siemens and France's Alstom,...

  • LONDON/ MILAN, Feb 23- Hitachi Ltd has agreed to buy Italian conglomerate Finmeccanica's rail and signal assets, sources close to the matter said, a deal expected to top $2 billion and give the Japanese firm a stronger foothold in Europe to compete with bigger rivals. For Hitachi, which relocated its rail division to London last year, the main focus of the deal is rail...

  • 33-foot sinkhole in Naples, Italy  Monday, 23 Feb 2015 | 2:48 PM ET

    A water pipe burst and days of heavy rain have caused a 33-foot diameter sinkhole in suburban Naples, Italy.

  • ROME— Italy and Switzerland have signed an accord ending Swiss banking secrecy. Italy hopes the arrangement will help it fight tax evasion. Premier Matteo Renzi says the accord means "billions of euros" will return to Italy in tax revenues.

  • Europe's market closes: Ball in Greece's court  Monday, 23 Feb 2015 | 11:24 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the drop in HSBC shares on growing fines, and the road ahead for Greece.

  • Private equity fund managers, gathering in Berlin on Monday for their largest annual conference, will weigh the potential threat of deep pocketed buyers from developing economies in Asia and the Middle East. This group, which includes China's property and entertainment giant Dalian Wanda Group Co and sovereign wealth funds from Singapore, Qatar, Kuwait and...