MILAN, Oct 21- Italy's government should not ignore the problems that soaring government bond yields are causing for Italian banks, including possible capital needs, Cabinet Undersecretary Giancarlo Giorgetti said in a newspaper interview on Sunday. The profligate budget plans of Italy's populist government have prompted investors to shed 67 billion...
*Moody's cuts Italy debt rating to "Baa3". ROME, Oct 19- Moody's on Friday cut Italy's sovereign debt rating to one notch above junk status because of concerns over government budget plans, but in a move that could calm investor anxiety, it said the outlook was stable. It said the shift towards an expansionary fiscal policy meant Italy's public debt would likely...
*Euro recovers after being weighed by Brexit, Italy worries. NEW YORK, Oct 19- The euro and British pound rallied against the U.S. dollar on Friday after Bloomberg News reported that British Prime Minister Theresa May is ready to drop a key Brexit demand in order to make a deal for Britain to leave the European Union. The single currency gained to $1.1512, after...
LONDON, Oct 19- European stocks ended a choppy trading session broadly flat on Friday but managed to eke out a weekly gain despite mixed third-quarter earnings and while the budget row between Italy's populist government and the European Union heated up. Italy's bank stocks index sustained heavy losses in morning trading and fell to 22- month lows as...
A recovery in the euro from two-month lows hit on worries over Rome's draft budget being rejected by the European Union had the dollar retreating from highs hit in the previous session. Wall Street was buoyed by strong earnings from blue chips, encouraging bulls in the regional bourses, with Mexico's IPC stock index and Brazil's Bovespa each rising more than...
Spot gold added 0.3 percent to $1,228.51 an ounce by 1252 GMT. The metal has gained 0.9 percent this week and hit a 2-1/ 2- month high on Monday at $1,233.26. Sensitivity to equity markets is helping gold at the moment, "said Macquarie commodity strategist Matthew Turner.
FRANKFURT, Oct 19- The European Central Bank's policy meeting will be relegated to a sideshow next week as the wrangle over Italy's budget takes the main stage. For the Rome government, standing up to Brussels could translate into votes, while for the Commission, giving in would create a dangerous precedent that could destabilize the euro zone, especially since...
*Euro recovers after falling to 2- mth low on Italy worries. U.S. stocks were set for a higher open, however, as a handful of major U.S. corporations beat results forecasts, offsetting concerns about political and growth risks in Europe, China and Saudi Arabia. Late on Thursday, the European Commission told Italy that planned government spending was too high, its...
Italy's rule-defying budget plan is fast-becoming a key concern for global markets, as investors monitor the growing likelihood of a showdown between the EU and Rome's populist government.
LONDON, Oct 19- The euro fell towards a two-month low on Friday after the European Union criticized Italy's spending plans, raising fresh concern about a conflict within the common currency zone. Political wrangling over the budget in heavily indebted Italy has seen the euro weaken over 1 percent versus the dollar this week. The European Commision on Thursday...
CNBC's Willem Marx reports on Italy’s proposed budget getting slammed by the European Union and what's next for the country.
WROCLAW, Poland, Oct 19- Wroclaw's hulking Soviet-era public dormitories held little appeal for Odysseas Savvas when he moved to the Polish city from Greece to study business at university. Investors and developers sizing up the potential for new student housing projects in central and eastern Europe believe there will be many more foreign students just...
LONDON, Oct 19- European stocks tumbled again on Friday as a showdown between Italy's populist government and the European Union heated up and weak results from Michelin and Bouygues reignited investors' concerns about auto and construction stocks. Euro zone stocks fell 0.8 percent while the pan-European STOXX 600 was down 0.4 percent and Italy's top stock...
LONDON, Oct 19- European stocks tumbled again on Friday as a showdown between Italy's populist government and the European Union heated up and weak results from Michelin and Bouygues reignited investors' concerns about auto and construction stocks. Euro zone stocks fell 0.8 percent while the pan-European STOXX 600 was down 0.4 percent and Italy's top stock...
LONDON, Oct 19- The euro fell towards a two-month low on Friday after the European Union criticized Italy's spending plans, raising fresh concern over conflict within the common currency zone. Political wrangling over the budget in heavily indebted Italy has seen the euro weaken over 1 percent versus the dollar this week. In the first step of a procedure that...
The European Union needs to be "sensible" in how it deals with the Italian budget crisis or the entire project could come to an end, one strategist told CNBC Friday morning.
LONDON, Oct 19- European stocks managed a modest rise on Friday, recovering from the previous session's sharp fall thanks to a recovery in oil prices, while weak results from Michelin and Bouygues reignited investors' concerns about autos and construction stocks. Italian stocks tumbled 0.4 percent after a ramp-up in rhetoric from the European Commission with...
LONDON, Oct 19- European stocks managed a modest rise on Friday, recovering from the previous session's sharp fall thanks to a recovery in oil prices, while weak results from Michelin and Bouygues reignited investors' concerns about autos and construction stocks. Italian stocks tumbled 0.4 percent after a ramp-up in rhetoric from the European Commission with...
An Italian crisis would be an "implosion" and have severe consequences for the country's banking system, the former chief of the Eurogroup told CNBC Friday.
MACON, United States- Federal Reserve Bank of Atlanta President Raphael Bostic participates in armchair discussion on the economic outlook, in Macon, Ga.- 1600 GMT. NEW YORK CITY- Federal Reserve Bank of Dallas President Robert Kaplan speaks before Manhattan Institute event, "10 Years After the Crisis: the State of Monetary and Fiscal Policy," in New York- 1645 GMT.
Data also provided by 
