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Europe Top News and Analysis Italy

  • ROME/ MILAN, May 25- Italy's economy minister sought to reassure investors on Thursday that they will not be hit in a rescue of two ailing regional banks, Popolare di Vicenza and Veneto Banca, after fears of a full "bail-in" hit the lenders' debt. Italy has been seeking European Union approval for months to rescue the two banks based in the northeastern Veneto region...

  • TAORMINA, Sicily— Not only have many of the faces changed at this year's Group of Seven summit of leading wealthy democracies, but also many national positions. Since the group's meeting last year, Britain has decided to leave the European Union. Here's a look at some key issues at the summit Friday and Saturday in Taormina, Sicily:.

  • *Oil majors drop after OPEC deal. An OPEC meeting in Vienna that disappointed some investors failed to move broader indexes but sent oil prices lower, making the energy sector the biggest sectoral faller in the region. Milan- based fund manager Anthilia Capital in Milan downgraded its exposure to euro zone stocks even though the European economy remained...

  • ROME/ MILAN, May 25- Italy's economy minister sought to reassure investors on Thursday that they will not be hit in a rescue of two ailing regional banks, Popolare di Vicenza and Veneto Banca, after fears of a full "bail-in" hit the lenders' debt. Italy has been seeking European Union approval for months to rescue the two banks based in the northeastern Veneto region...

  • ROME/ MILAN, May 25- Italy's economy minister sought to reassure investors on Thursday that they will not be hit in a rescue of two ailing regional banks, Popolare di Vicenza and Veneto Banca, after fears of a "bail-in" hit the lenders' debt. Italy has been seeking European Union approval for months to rescue the two banks based in the northeastern Veneto region and...

  • TAORMINA, Sicily— A glance of the leaders meeting with Donald Trump during his first Group of Seven summit as U.S. president, in alphabetical order by country. Trump joins the leaders of France, Britain and Italy in making their G-7 debuts this year, although he met some of them already on Thursday at the NATO summit in Brussels. Theresa May, 60, entered 10 Downing St....

  • MILAN, May 25- Italy is working with European authorities to find a rapid solution for troubled regional banks Popolare di Vicenza and Veneto Banca, the government said, as investors worried that the lenders may fail to get the state aid they have requested. Italy has been in talks with Brussels for months over its plans to rescue the two banks based in the...

  • ROME— Italian air traffic controllers and some Alitalia staff plan to strike for several hours Sunday, with delays and cancellations expected the day after a Group of Seven summit ends in Taormina, Sicily. The air traffic controllers plan to strike from 1 p.m. to 5 p.m. while several unions representing Alitalia employees plan a work stoppage from 10 a.m. to 6 p.m..

  • *UK blue chip index FTSE up 0.4 pct. MILAN, May 24- UK blue chip stocks rose on Wednesday, helped by gains in Marks& Spencer after its solid results and by advances in energy stocks, although weaker miners kept a lid on the British market. The FTSE rose 0.4 percent to 7,514.90 points, while the mid-cap FTSE 250 index added 0.15 percent, just shy of a fresh record high hit on...

  • Sources told Reuters last week that the European Commission had asked two Veneto- based regional lenders to raise an additional 1 billion euros in private capital as a condition to approve their request for a state bailout. The sources said Italy's stronger banks could once more face pressure to help rescue the lenders, Popolare di Vicenza and Veneto Banca,...

  • According to an EU paper, member states will be asked to decide on new homes for the European Medicines Agency and the European Banking Authority by October 2017. Leading contenders to house the EMA are already jockeying for position, with Spanish Health Minister Dolors Montserrat setting out the case for Barcelona to host the agency during a visit to Brussels...

  • MILAN, May 24- Big money managers have started buying cheap Greek stocks from banks to lotteries as clouds over talks between Athens and its international creditors gradually clear, anticipating big returns. A deal in May when Greece agreed to more austerity measures raised hopes of possible debt relief for a country that has endured economic hardship for...

  • Trump, Pope finding common ground: Expert

    Ray Flynn, former U.S. ambassador to Italy, explains why it's important that President Trump and Pope Francis get off to a good start.

  • Pope Francis (L) speaks with US President Donald Trump during a private audience at the Vatican on May 24, 2017.

    President Donald Trump makes his first official visit to the Vatican, reports CNBC's Eamon Javers, but the president has not been able to shake controversy at home over the Russia probe.

  • CARACAS, May 23- Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and U.S. major Chevron Corp, for alleged "irregularities" in contracts awarded in the oil-rich Orinoco Belt. Francisco Velasquez was detained on May 13 and he remains behind bars in the city of Barcelona, in the eastern state of Anzoategui, the...

  • CARACAS, May 23- Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and U.S. major Chevron Corp, for alleged "irregularities" in contracts awarded in the oil-rich Orinoco Belt. Francisco Velasquez was detained on May 13 and he remains behind bars in the city of Barcelona, in the eastern state of Anzoategui, the...

  • CARACAS, May 23- Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and U.S. major Chevron Corp, for alleged "irregularities" in contracts awarded in the oil-rich Orinoco Belt. Francisco Velasquez was detained on May 13 and he remains behind bars in the city of Barcelona, in the eastern state of Anzoategui, the...

  • CARACAS, May 23- Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and U.S. major Chevron Corp, for alleged "irregularities" in contracts awarded in the oil-rich Orinoco Belt. Francisco Velasquez was detained on May 13 and he remains behind bars in the city of Barcelona, in the eastern state of Anzoategui, the...

  • MILAN, May 23- Monte dei Paschi di Siena is close to reaching an agreement with the European Commission that will pave the way for a state bailout of Italy's fourth biggest bank, a senior Italian treasury official said on Tuesday. Together with two Veneto- based lenders, the Tuscan bank has been locked in talks for months with European regulators that must approve...

  • *Defense stocks lift Wall Street on U.S.-Saudi arms deal. The euro hit a more than six-month high after German Chancellor Angela Merkel said it was "too weak" because of the European Central Bank's ultra-low interest rates and money printing program. The dollar last week notched its largest weekly drop since April 2016 on concerns that turmoil in Washington...