An Italian prosecutor is seeking a six-year jail sentence for former Prime Minister Silvio Berlusconi for allegedly having sex with an underage nightclub dancer.» Read More
MILAN, Feb 15- Corruption probes at three major companies have hurt corporate Italy's image with investors and revived memories, just a week before an election, of the scandals that devastated Italian politics in the 1990 s.
*France also contracts, PM admits debt target may be missed. BRUSSELS/ BERLIN, Feb 14- The euro zone slipped deeper than expected into recession in the last three months of 2012 after its largest economies, Germany and France, shrank at the end of a wretched year for the region.
*France also contracts, PM admits debt target may be missed. *Italy fares worse than forecast, 6th quarter of contraction. BERLIN/ PARIS Feb 14- The euro zone slipped deeper into recession in the last three months of 2012 after its largest economies, Germany and France, shrank markedly at the end of the year.
*France also contracts, PM admits debt target may be missed. *Italy fares worse than forecast, 6th quarter of contraction. BERLIN/ PARIS Feb 14- Europe's two largest economies, Germany and France, both shrank markedly in the last three months of 2012, suggesting the euro zone has slipped deeper into recession.
*Finmeccanica promotes Pansa to CEO after head arrested. ROME/ NEW DELHI, Feb 13- Italy's Finmeccanica promoted company insider Alessandro Pansa to run the defence group as CEO after the arrest of its head for alleged bribery led India to suspend a $750- million deal to buy helicopters.
*Italy sells bonds at higher yields, demand stays strong. *Some analysts recommend buying on dips before Italy vote. Other peripheral euro zone bonds rose in tandem with Italy, as last week's increase in yields on concern about potential political instability in Italy and Spain, attracted some bargain-hunters.
MILAN, Feb 13- Rising uncertainty about the outcome of Italy's general election pushed up borrowing costs at its last debt sale before the poll, but the country also managed to sell its first 30- year bond in nearly two years.
*Italy auctions first 30- year bond in two years. LONDON, Feb 13- The yen rose against the dollar but steadied against the euro on Wednesday after a G7 statement on exchange rates, designed to calm talk of a currency war instead provoked fresh worries.
MILAN, Feb 13- Italy's Finmeccanica is expected to broaden the powers of its long-standing No. 2 on Wednesday after the arrest of its head left the aerospace and defence group facing serious damage to its reputation and delays to vital asset sales.
Christian Schulz, senior economist at Berenberg Bank, tells CNBC that the upcoming Italian elections, particularly the prospect of Silvio Berlusconi returning to power, are weighing on the markets.
LONDON, Feb 13- The yen rose against the dollar and the euro on Wednesday as investors reconsidered a G7 statement on exchange rates aimed at soothing concerns of a currency war but instead provoked a fresh bout of volatility.
MILAN, Feb 12- Italian police arrested the head of defence group Finmeccanica SpA on Tuesday over bribery allegations, adding to a series of corporate scandals shaking Italy less than two weeks before a general election.
SYDNEY, Feb 11- The euro dipped to a two-week low for a fleeting moment on Monday, while the yen clung on to recent hard-fought gains in a session that saw little conviction with most of Asia shut for the Lunar New Year holidays. Japan, China, Hong Kong, Singapore, South Korea and Taiwan are among the major centres in the region closed on Monday.
SYDNEY, Feb 11- The euro dipped to a two-week low in Asia on Monday, continuing to pull back from 15- month highs following what markets perceived as slightly dovish comments from the European Central Bank and political uncertainty in Italy and Spain.
VIENNA, Feb 9- The European Union's top monetary official wants closer coordination on currencies to avoid potentially damaging disruptions to world trade, he told an Austrian magazine.
Financial markets remain keenly focused on Italy's ability to control its public finances and pursue reforms to lift its stagnant economy, Ignazio Visco said on Saturday.
ROME, Feb 9- Financial markets remain keenly focused on Italy's ability to control its public finances and pursue reforms to lift its stagnant economy, European Central Bank governing council member Ignazio Visco said on Saturday.
ROME, Feb 8- The final opinion polls published before a two-week blackout ahead of Italy's election on Feb. 24-25 show the centre-left set to win a majority in the lower house but in need of allies to hold the Senate.
ROME, Feb 8- The centre-left is on course to win Italy's election despite a remarkable surge by Silvio Berlusconi, but it is likely to have to form a governing coalition with outgoing premier Mario Monti, final polls before the Feb 24-25 vote showed on Friday.
LONDON, Feb 8- The yen rose sharply on Friday after Japan's finance minister said the currency's recent drop had been overdone, as doubts crept in whether the Bank of Japan will get a governor who will ease policy aggressively.