Financial stocks were top performers for a third day Tuesday, as traders continue to bid up the group on expectations the Fed will raise interest rates this year.
A former Italian industry minister has teamed up with UBS to present a last-ditch rescue proposal to Monte dei Paschi di Siena, the FT reports.
Ferrari will pull into some of the world's wealthiest pit stops on an IPO roadshow aimed at securing a market valuation of $10B. the FT reports.
Italy is set to float its national post office in the first week of August, kicking off a 12 billion euro privatization program. The Financial Times reports.
Vivendi said it raised its stake in Telecom Italia to 14.9 percent, replacing Telefonica as its biggest shareholder.
European shares closed mixed on Friday, with Italian banking stocks and the health care sector weighing on wider benchmarks.
Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds.
Europe's stock markets closed lower after a closely-watched German economic report came in weaker than expected.
Fincantieri will apply to list in Milan as early as Tuesday, in what officials predict will be Italy's largest privatization program since the 1990s.
European equities closed narrowly lower in a choppy trading session on Monday.
Trouble at the top in Italy is not confined to its politicians.
Telefonica is in talks with the Italian core shareholders in Telecom Italia to keep the same ownership structure for another six months, two sources told Reuters.
Shares in Telecom Italia rose 3 percent in early trade on Monday, amid renewed speculation it may join a sector merger wave as Verizon Communications and Vodafone were set to announce a $130 billion deal.
Mediobanca, under pressure to improve returns for shareholders, plans to sell almost all of its stakes in major companies, ending half a century of influence at the heart of Italian business to focus on banking.
European shares closed lower on Tuesday as markets await the outcome of a critical vote in Cyprus to tax bank deposits.
Bank stocks held European shares below 4-1/2 years highs on Monday, depressed by a worsening outlook for Italy's public finances.
An alliance between Beppe Grillo's anti-establishment 5-Star Movement and Italy's center-left could pave the way for tough conflict of interest rules, forcing Silvio Berlusconi to choose between politics or his vast media empire.
European shares closed higher on Monday, but Italian shares closed firmly in the red after political uncertainty surfaced, with Prime Minister Mario Monti announcing he will step down before his term ends.