Business News Milan

  • *Italy's FTSE MIB rebounds after sharp losses. The resignation of Italian prime minister Giuseppe Conte on Tuesday, had made investors nervous about Rome's continuing lack of political stability, but also signaled that a new coalition arrangement may be in works. Italy's main opposition party, Democratic Party, said on Wednesday it was ready to hold talks with...

  • President Trump says he had to' take China on'. LONDON, Aug 21- European stocks rallied on Wednesday as hopes for more monetary and fiscal stimulus helped assuage worries about global recession, political turmoil in Italy and endless trade wars. Traders are waiting for the Federal Reserve's annual Jackson Hole symposium later this week and a Group of Seven summit...

  • The pan-European STOXX 600 index rose 0.5% at 0716 GMT, with Italy's FTSE MIB rebounding from a drop in the previous session amid a deepening Italian political crisis. Milan shares rose 0.89% and its banking index gained 0.96%. Italian prime minister Giuseppe Conte resigned on Tuesday, potentially paving the way for a new coalition government.

  • *Italy's PM Conte to resign. Concerns about Italy's government further dented sentiment, though Italian bond yields fell after Prime Minister Giuseppe Conte said he would resign, potentially paving the way for a new coalition government. Markets in Italy have been volatile since the leader of the League, Matteo Salvini, pulled support from his coalition...

  • Aug 13- European shares fell on Tuesday, as a slew of economic and geopolitical worries including Italy and Argentina's political uncertainty and unrest in Hong Kong, compelled investors to take refuge in safe harbors like bonds and gold. The pan-European STOXX 600 index fell 0.3% by 0715 GMT, with the bank-heavy Milan and Madrid indexes leading losses.

  • HONG KONG, Aug 11- Italian luxury label Versace and its artistic director Donatella Versace apologized on Sunday after one of the company's T-shirts was widely criticized on social media in China for identifying the autonomous territories of Hong Kong and Macau as countries. Milan- based Versace is the latest company to become entangled in political issues...

  • HONG KONG, Aug 11- Italian luxury label Versace and its artistic director Donatella Versace apologised on Sunday after one of the company's T-shirts was widely criticised on social media in China for identifying the autonomous territories of Hong Kong and Macau as countries. Milan- based Versace is the latest company to become entangled in political issues...

  • ROME, Aug 9- Italy's League filed a no-confidence motion to bring down its own governing coalition on Friday, a move that the party's populist chief, Matteo Salvini, hopes will trigger snap elections and install him as the nation's new leader. With parliament in summer recess, Salvini has summoned all League lawmakers back to Rome on Monday and he is pushing for a...

  • *Italy's League pulls plug on ruling coalition with 5- Star. MILAN, Aug 9- Shares in Italian infrastructure group Atlantia rose more than 2% on Friday as a possible breakdown in the government was seen as lessening the prospect it could lose its lucrative motorway concession. The stock bucked a sinking trend on Milan's main equity index, accompanied by rising...

  • Aug 9- European shares fell on Friday as worries about the stability of Italy's government and ongoing Sino-U.S. trade tensions rattled investors, but gains in healthcare stocks limited losses. Italy holds Europe's second-largest sovereign debt burden after Greece and the latest uncertainty adds to its fiscal woes as it struggles to rein in its public...

  • MILAN, Aug 9- Shares in Italian toll road operator Atlantia rose more than 2% in early trading on Friday as a possible breakdown in the government was seen as lessening the prospect it could lose its lucrative motorway concession. The stock bucked a sinking trend on Milan's main equity index, which was accompanied by rising sovereign bond yields, the morning...

  • MILAN, Aug 2- Ferrari said on Friday its core earnings rose 8.7% in the second quarter, led by robust deliveries of its Portofino and 812 Superfast models, but shares in the Italian luxury carmaker slumped as it failed to lift its guidance. Adjusted earnings before interest, tax, depreciation and amortization came at 314 million euros in the April-June period, in...

  • MILAN, Aug 1- CNH Industrial, whose brands include Iveco trucks, trimmed its forecast for full-year revenue but maintained its guidance on profits after lower sales volumes and exchange rates weighed on results in the second quarter. CNH Industrial- which also makes most construction equipment and powertrains- now expects to book fully-year net sales from...

  • MILAN, Aug 1- CNH Industrial trimmed its forecast for full-year revenue but maintained its guidance on profits after lower sales volumes and exchange rates weighed on results at the Italian-American machinery maker in the second quarter. CNH Industrial now expects to book fully-year net sales from industrial activities of between $27 billion and $27.5...

  • MILAN, Aug 1- Revenue at Italian fashion group Prada rose 2% in the first half of the year, in line with market expectations, as improving full-price sales and a solid growth in its wholesale channel offset the impact of a move to cut back on markdowns. In the first half of 2019, revenue totalled 1.57 billion euros, which was flat when stripping out the impact of...

  • *LSE to issue $14 bln new shares, take on $12.5 bln debt. LONDON, Aug 1- London Stock Exchange has agreed to buy financial information provider Refinitiv in a $27 billion deal aimed at offering trading across regions and currencies and establishing the British company as a rival to Bloomberg. "This transaction is a defining moment for LSE in terms of its strategic...

  • Apart from the London exchange, LSE owns the Milan stock exchange and Turquoise, a pan-European share trading platform that has opened a hub in Amsterdam as a hedge against Brexit. If the deal is approved by European Union and U.S. regulators, the exchange would substantially broaden its global footprint in financial data, and become a major player in trading...

  • *Interactive graphic https://tmsnrt.rs/2yixEbN of Information Services Unit. LONDON, Aug 1- Britain's London Stock Exchange has agreed to buy financial information provider Refinitiv in a $27 billion deal aimed at offering trading across regions and currencies and positioning the company as a competitor to Bloomberg. "Increasingly our customers want to...

  • LONDON, Aug 1- London Stock Exchange has agreed to buy financial information business Refinitiv in a $27 billion deal, it said on Thursday, in a move to transform the British company into a market data and analytics giant. The Refinitiv deal will turn LSE into a major distributor as well as creator of financial market data, positioning it as a competitor to...

  • MILAN/ DETROIT, July 31- Automaker Fiat Chrysler took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its Ram pickup truck in North America helped it defy an industry slowdown. Chief Executive Mike Manley, in FCA's first earnings release since a failed attempt to merge with France's Renault, also...