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  • Italian Banks PKG

    Bank of Italy Governor Ignazio Visco says it is not the entire Italian banking system that has issues with capital and non-performing loans.

  • HONG KONG, July 24- High-end lingerie sales are outpacing China's generally downbeat luxury market, and heating up competition between international brands and local rivals looking to go upmarket. U.S. brand Victoria's Secret will open its first store, and companies including Italy's ultra-luxury La Perla and Germany's Triumph are adding stores and moving...

  • Eurozone post-Brexit PMIs fall less than feared

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including PMI releases for eurozone countries.

  • Italy Banks

    Credit Suisse's Bob Parker says Italian banks account for 360 billion to 400 billion euros of the euro zone's 1 trillion euros-worth of non-performing loads.

  • MILAN, July 22- Online retailer Amazon.com is set to announce on Friday the first in a series of investments in Italy worth at least 500 million euros, a bet on the government's plan to go from laggard to leader in digital commerce, sources said. Amazon will invest 150 million euros to build a major storage and logistics center outside Rome, its second in Italy, said...

  • ECB Meeting

    Rising nationalism is hindering the European Union's efforts to move forward, says UNSW Business School's Fariborz Moshirian.

  • MILAN, July 21- The United States will ship its first liquefied natural gas cargo through an expanded Panama Canal next week. A day later BP Plc's British Merchant will begin passing through the Panama Canal also carrying cargo from the United States to Manzanillo on Mexico's Pacific coast, Kpler LNG said. The Panama Canal Authority confirmed the Maran Gas...

  • FRANKFURT, July 21- A state-funded backstop would be "very useful" in helping Italian banks sell down some of their bad loans that have hampered their ability to lend, European Central Bank President Mario Draghi said on Thursday. Italian banks have come under pressure from financial markets and the ECB to unload high levels of soured credit and Rome is in talks...

  • COLOMBO, July 21- Sri Lanka's cash-strapped national airline is in talks to lease four of its Airbus A330 planes to Pakistan International Airlines Corp, a government minister said on Thursday, months after cancelling an order for four Airbus A350 aircraft. State-owned SriLankan Airlines aims to reduce its debt and is looking for an international partner to...

  • 'Exitaly' fears coming?

    Next week is a pivotal moment for Italian banks that could lead to volatility in the EU and the currency markets. The "Fast Money Halftime Report" traders and Paul Richards, president of Medley Global Advisors, discuss 'Exitaly.'

  • FRANKFURT, July 21- A state-funded backstop would be "very useful" in helping Italian banks sell down some of their bad loans that have hampered their ability to lend, European Central Bank President Mario Draghi said on Thursday. Italian banks have come under pressure from financial markets and the ECB to unload high levels of soured credit and Rome is in talks...

  • COLOMBO, July 21- Sri Lanka's cash-strapped national airline is in talks to lease four of its Airbus A330 planes to Pakistan International Airlines Corp, a government minister said on Thursday, months after cancelling an order for four Airbus A350 aircraft. "A team from the airline is in Pakistan for negotiations. We will lease one A330, latest next month, on wet...

  • Brexit forecasts downplayed at European close

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including European Central Bank's Draghi downplaying Brexit forecasts.

  • COLOMBO, July 21- Sri Lanka's cash-strapped national airline is in talks to lease four of its Airbus A330 planes to Pakistan International Airlines Corp, a government minister said on Thursday, months after cancelling an order for four Airbus A350 aircraft. We will lease one A330, latest next month, on wet lease, " Kabir Hashim, Minister of Public Enterprise...

  • July 21- Confidence in prospects for the global economy has been dented following Britain's vote to leave the European Union, with a growing view that monetary policy is a fading force and many governments now need to borrow and spend, Reuters polls showed. "Given how fragile the global economy is nearly eight years after the start of the global financial crisis,...

  • What can ECB president Mario Draghi say to strengthen confidence in the banking sector? Gertrude Tumpel-Gugerell, former ECB executive board member, weighs in.

  • Francesco Castelli discusses the recapitalization of Italian banks

    Francesco Castelli of Banor Capital discusses how the European Central Bank could save Italian banks.

  • ROME, July 20- Italian police said on Wednesday they had seized 7 million euros in fake banknotes and arrested three men who were caught printing copies of the new-style 20- euro bill, introduced last year with added security to deter counterfeiters. "This is the first print shop of the new 20- euro series we've discovered," Lieutenant Colonel Guglielmo Sanicola...

  • Italian banks off lows at European close

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Italian banks cutting losses and retailer Zalando shares soaring after a strong guidance.

  • *Rome wants to shield small savers, investors. *Commission says ruling has no impact on talks with Rome. LUXEMBOURG, July 19- The European Union's top court ruled on Tuesday that junior creditors and investors need not necessarily suffer losses before a bank is rescued, a judgment that could affect Italy's plans to bail out its banks.