Italian soccer giant AC Milan is weighing a sale, Bloomberg has reported, citing three sources with knowledge of the matter.» Read More
ROME, Oct 17- A hostile domestic reaction to Italy's 2014 budget may pose a new threat to the stability of Enrico Letta's government just weeks after the prime minister defeated Silvio Berlusconi's attempt to topple him.
ROME, Oct 16- Italy's 2014 budget plays by the European Union rules, but seems designed more to offend nobody than to give the euro zone's most chronically sluggish economy a decisive boost.
MILAN/ PARIS, Oct 14- A leading European airline group denounced Italian plans to rescue Alitalia as illegal on Monday, as shareholders were due to vote on a capital increase to keep the near-bankrupt carrier flying.
*Alitalia shareholder meeting starts at 1500 GMT. MILAN/ PARIS, Oct 14- Shareholders of Alitalia will vote on Monday on a 300 million euro capital increase to keep the near-bankrupt Italian airline flying, but the participation of top investor Air France-KLM is far from certain.
LONDON, Oct 13- From its high labour taxes to its low literacy scores, Italy's entrenched obstacles to growth point up the enduring failure of some euro zone economies to adapt to the demands of life with no currency flexibility.
Berlusconi has formally asked to do a year of community service rather than be jailed or put under house arrest after his conviction for tax fraud.
ROME, Oct 11- Italy's near-bankrupt Alitalia was thrown a lifeline on Friday when its board members- including cautious top shareholder Air France-KLM- approved a capital increase as part of a government-led 500 million-euro bailout.
ROME, Oct 11- Italy's government drew fire on Friday after stitching together an emergency bailout for Alitalia that critics said should involve less taxpayer money and more long-term strategy, while top shareholder Air France-KLM refused to commit to the plan.
MILAN, Oct 11- Italy's long-term cost of borrowing fell at an auction on Friday compared to a month ago, reflecting optimism from investors over U.S. budget talks and a clearing of the air in the domestic political scene.
MILAN, Oct 11- Alitalia, the Italian national airline that has made a profit only a few times in its 67- year history, once again risks collapsing as the government scrambles to find investors willing to rescue its problem child.
ROME, Oct 10- The Italian government offered financial support on Thursday to help rescue Alitalia using the state-owned post office, but said it wanted radical change at the national airline and shareholders to join a life-saving capital increase.
ROME, Oct 10- The Italian government is considering joining a 500- million euro rescue plan for Alitalia after unions warned the national airline risked defaulting within days and creditor Eni threatened to stop supplying fuel.
Letta is loathe to see another national asset fail or sold to a foreign rival without guarantees on jobs- Spain's Telefonica recently did a deal to take over the controlling company behind Telecom Italia- and is seeking another state-controlled firm willing to split a capital increase with shareholders.
ROME, Oct 10- Italian Prime Minister Enrico Letta's near term survival seems to be assured after beating an attempt by centre-right leader Silvio Berlusconi to bring down his coalition government.
The restructuring of Europe's banks will be positive in the end, the head of Italy's main stock exchange told CNBC on Monday.
*Investors tiptoe back to Italy after steering clear. MILAN, Oct 7- Italy's state investment firm is taking over one of the country's top power companies to prevent yet another part of Italy Inc from falling into foreign hands.
*Italian Senate committee recommends Berlusconi expulsion. Italian debt prices extended this week's relief rally after its government won a confidence vote in parliament and a Senate Committee recommended Silvio Berlusconi be expelled from the Senate after a tax fraud conviction.
*Italian shares outperform, Italy's MIB up 1.6 pct. LONDON, Oct 4- European shares rose on Friday, led by Italian stocks and banks as investors welcomed a more stable political outlook in Italy and bet the European Central Bank would continue to support the region's financial sector.
An Italian Senate committee on Friday recommended that Silvio Berlusconi be expelled from the Senate following his conviction for tax fraud in August.
LONDON, Oct 4- Italian bonds rose on Friday, extending this week's relief rally after Prime Minister Enrico Letta's government won a confidence vote in parliament.