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Europe Top News and Analysis Italy

  • BRUSSELS, Feb 12- Michel Barnier, the European Union's chief Brexit negotiator, currently has a 29- strong team to coordinate Brussels' efforts to reach a divorce deal with Britain by 2019:. Deputy chief negotiator Sabine Weyand, is a German veteran of the Commission, who studied at Cambridge in the 1980 s. Her seven-strong unit includes legal and diplomatic...

  • *Frenchman Michel Barnier is EU Brexit negotiator. BRUSSELS, Feb 12- Michel Barnier has a dealmaker's flair for gauging what the other side can accept but as Theresa May prepares to launch Brexit negotiations some EU officials wonder if Brussels' man can really figure out what she wants. That is a nagging question for European Union leaders who need the veteran...

  • ROME— Police in Sicily have confiscated four olive companies, farmland, villas and other property that anti-Mafia prosecutors contend belong to the business empire of Italy's top Mafia boss, who has been on the run for more than 20 years. The convicted Cosa Nostra mobster is Italy's most-wanted fugitive. The farm lobby Coldiretti estimates Italy's various...

  • The week saw volatility because of investor unease over how parliamentary elections in France this spring might pan out and the re-emergence of concerns that Greece might leave the euro. "Sentiment today is supported by good economic data from China, Italy and the UK... but the week has seen ups and downs as investors seek reassurance that Europe will hold...

  • *Spain seeks to grab luxury tourism share. MADRID, Feb 10- Restorers of vintage stained glass are enjoying a new lease on life in Madrid these days, bringing their artisanal skills to a luxury retail and hotel complex in the centre of Spain's capital. Regional governments, construction and travel firms as well as shops are working hand-in-hand to recast Spain- and...

  • Italy could have snap elections as soon as June with three of the four major parties tapping into anti-euro sentiment in the country.

  • MILAN— Italian bank UniCredit announced a heavy fourth-quarter loss Thursday of 13.6 billion euros as its new CEO moved to fortify the firm by cleaning up its portfolio of soured loans. Italy's largest bank by assets, UniCredit said that it incurred 13.2 billion euros in one-off expenses, which included a previously announced 8.1- billion-euro write-off on...

  • MILAN/ LONDON, Feb 8- European shares edged ahead on Wednesday, helped by good earning updates, but bank stocks hit a five-week low on growing concerns over the region's crowded election agenda this year. At the forefront of investors' concerns is the French presidential election, with worries about the strong showing of far-right candidate Marine Le Pen keeping...

  • ROME, Feb 8- New tests carried out on Fiat Chrysler vehicles during Italy's emission-cheating investigation have found no illegal engine software, Italy's Transport Minister Graziano Delrio said on Wednesday. Delrio made the comments after a preliminary report from the ministry showed FCA vehicles were initially allowed to skip key tests during the...

  • UBS

    The euro could be poised to extend its bullish run in spite of "existential" political risks, according to a UBS report.

  • *Signals growing protectionist sentiment in Italy. ROME, Feb 8- Italy's government is concerned about the vulnerability of its companies to foreign takeover, particularly those it considers of national importance, and is moving to defend them. Rome is drafting new corporate transparency rules to force buyers who build up significant minority stakes in...

  • A Jeep logo of Italian-American Fiat Chrysler company is pictured on a car at a car dealer on January 13, 2017 in Turin, northern Italy. The United States on January 12, 2017 charged Fiat Chrysler with using software on its trucks to evade emissions standards on about 104,000 vehicles, an accusation the company immediately denied.

    The report showed that three FCA models — Fiat 500X, Jeep Renegade, and Fiat Doblo — were compliant with regulations.

  • ROME, Feb 8- Additional tests carried out on Fiat Chrysler models during Italy's main emission-cheating investigation have found no illegal engine software, Italy's transport minister said on Wednesday. Transport Minister Graziano Delrio told a parliamentary hearing that Rome had sent a separate report to German authorities refuting their allegations...

  • Financial traders at the Frankfurt Stock Exchange

    European equities are set to become the big winners as policy makers try to revive inflation, according to a BlackRock report.

  • PARIS/ MILAN, Feb 7- Fiat Chrysler vehicles were allowed to skip key tests for illegal engine software during Italy's main emissions-cheating investigation in the wake of the Volkswagen scandal, according to the transport ministry's own report. "It's imperative that we break this cosy relationship between national testing authorities and their domestic...

  • MILAN, Feb 7- The head of Italy's bank-bailout fund said the country lacked a clear strategy for shifting 356 billion euros in problem loans on Tuesday. His comments exposed tensions within the banking sector over Italy's rescue efforts. The Atlante fund, created 10 months ago following pressure from the government, gathered 4.25 billion euros from around 70...

  • MILAN/ LONDON, Feb 7- European shares rose on Tuesday, helped by some encouraging company results, but French stocks slipped after earnings at BNP Paribas disappointed and election jitters weighed on the country's sovereign bonds. French banks, among the best performers among European financials in 2016, fell after BNP reported results below forecasts, while...

  • PARIS/ MILAN, Feb 7- Fiat Chrysler vehicles were allowed to skip key tests for illegal engine software during Italy's main emissions-cheating investigation in the wake of the Volkswagen scandal, according to the transport ministry's own report. "It's imperative that we break this cozy relationship between national testing authorities and their domestic...

  • "We already have very high taxes when we import into the United States," Carlo Capasa told reporters on the sidelines of a presentation on Milan Fashion Week, set for Feb. 22-27. Taxes on luxury imports to the United States average 20 percent, Capasa said, adding that the fashion industry had been hoping to negotiate a reduction in the import taxes as part of EU-US free...

  • MILAN, Feb 7- Italy's banking industry rescue fund Atlante expects the European Central Bank to approve a merger between ailing Popolare di Vicenza and Veneto Banca, likely requesting state support to ensure the plan's success. State-sponsored Atlante was hastily set up last year to take over the two banks when they failed to raise 2.5 billion euros in capital...