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Europe Top News and Analysis Italy

  • BRUSSELS, July 10- The head of euro zone finance ministers said on Monday that Italy's wind-down in June of two banks from the Veneto region has raised the question of whether European Union rules on state aid should be changed. "The question is if the state aid rules, that apply in any case, should not be adjusted now," Jeroen Dijsselbloem told reporters in reply to a...

  • UBS Group CEO, Sergio Ermotti

    UBS Chief Executive Sergio Ermotti believes that the recent state bailout of Italian banks was unavoidable due to new rules on "bail-ins" from European authorities.

  • Can't see euro/dollar moving behind : Morgan Stanley strategist

    Hans Redeker, global head of foreign exchange strategy at Morgan Stanley, speaks about future moves in the euro/dollar pairing.

  • MILAN/ PARIS, July 7- Telecom Italia's top shareholder Vivendi has asked the Italian firm's CEO to ease up in a row with Rome that threatens a breakdown in relations between the former state monopoly and government over the rollout of ultrafast broadband, sources close to the matter said. Flavio Cattaneo took over as chief executive at Telecom Italia a little...

  • *Protests dubbed "frightening" by Hamburg officials. HAMBURG, July 7- German Chancellor Angela Merkel pressed fellow Group of 20 leaders to compromise at the start of talks on climate and trade that have pitted U.S. The host of the G20 summit addressed her counterparts on Friday in a hall at the Hamburg convention center, after video footage showed Trump shaking...

  • In a joint communique issued as the leaders gathered in a vast convention centre in Hamburg, Brazil, Russia, India and China- the so-called BRICS countries- called on the G20 to push for implementation of the Paris climate deal despite Trump's decision last month to pull the United States out of it. British Prime Minister Theresa May said G20 leaders would urge...

  • The meeting in the port city of Hamburg comes at a time of major shifts in the global geo-political landscape, with Trump's "America First" policies pushing Europe and China closer together. The summit also brings together Trump and Chinese President Xi Jinping at a time when Washington is ratcheting up pressure on Beijing to rein in North Korea after it...

  • The Tesla CEO tweeted Thursday about the perils of overpopulation, responding to an article in the New Scientist.

  • LONDON/ MILAN, July 6- European shares fell on Thursday to their lowest in 11 weeks after minutes from the ECB'S latest meeting showed the central bank had left the door open to scrapping its bond-buying pledge. Euro zone blue chips also hit an 11- week low, while Britain's FTSE 100 fell 0.8 percent. But in fact they did, "said AFS analyst Arne Petimezas in Amsterdam.

  • The pay-TV unit, Premium, has struggled to make a return on its large investments in Champions League and Italian Serie A soccer matches, and has been losing market share to its major competitor, Sky. Premium loses its TV rights to broadcast Champions League matches in Italy from the second half of 2018. At the presentation, Chief Executive Pier Silvio Berlusconi...

  • Giuseppe Lavazza, vice chairman at Lavazza, discusses Italian politics and managing risk in his company.

  • ABUJA, July 5- Nigeria's lower house of parliament called on Wednesday for ex- president Goodluck Jonathan to testify in an inquiry into the contested sale of an oil block during his tenure, the investigating committee said. It is "imperative that evidence should be taken from former president Goodluck Jonathan," said a statement from the National Assembly...

  • MILAN, July 5- The U.S. accounting watchdog is investigating accounting firm PricewaterhouseCoopers's audits of British telecoms group BT's Italian business, which has been hit by a book-keeping scandal, a source close to the matter said. The PwC audit of the Italian business is coming under increasing scrutiny worldwide after a similar investigation...

  • *EU approves state bail-out as Italy tackles banking crisis. MILAN, July 5- Italian bank Monte dei Paschi di Siena set out plans to get out of the "emergency room" and return to profit on Wednesday, clearing the way for a state bailout that should remove the biggest threat to the country's financial stability. Burdened by bad loans and a mismanagement scandal, Monte...

  • *EU approves state bail-out as Italy tackles banking crisis. MILAN, July 5- Italian bank Monte dei Paschi di Siena set out plans to get out of the "emergency room" and return to profit, clearing the way for a state bailout that should remove the biggest threat to the country's financial stability. Burdened by bad loans and a mismanagement scandal, Monte dei Paschi has...

  • Evolution working out for Italian banking sector

    Class CNBC's Claudia Pensotti discusses the EU and the Italian government's move to rescue Monte Dei Paschi.

  • BMPS oldest bank in Europe, and the oldest restructuring story: Axoim

    Gildas Surry, senior analyst at Axiom Alternative Investments, weighs in on the EU and the Italian government's decision to bailout ailing BMPS.

  • BRUSSELS/ MILAN/ ROME, July 4- The European Union has approved a state bailout of Italy's fourth-largest lender, Monte dei Paschi di Siena, taking the total amount of Italian taxpayer funds deployed to rescue banks over the past week to more than 20 billion euros. Outside Greece, Europe has not seen such big state bailouts since the aftermath of the global financial...

  • BRUSSELS/ MILAN, July 4- The European Commission gave its blessing to a state bailout of Italy's Banca Monte dei Paschi di Siena on Tuesday, paving the way for a deep restructure of the troubled lender. The world's oldest bank and Italy's fourth biggest lender has been embroiled in a prolonged state rescue after failing to raise 5 billion euros on the market to...

  • ROME, July 4- Italian prosecutors have decided to take Morgan Stanley to court over allegations that the U.S. bank caused 2.7 billion euros in losses to the state in relation to derivative transactions, a source familiar with the matter said. The Corte dei Conti, which rules on abuses of public funds, is bringing the case against Morgan Stanley on behalf of Italy's...