Italy

Italian navy takes back fishing boat seized near Libya

PALERMO, Italy - Italian navy personnel on Friday boarded a Sicilian fishing boat and took custody of a Libyan soldier on board after the vessel was seized overnight off the coast of the North African state, the defence ministry said.

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ECB sets up Italy for long-awaited bounce in debt maturity 17 Apr 2015

LONDON - Italy is likely to increase the average life of its debt this year for the first time since 2010 as European Central Bank bond purchases push yield-hungry investors towards riskier long-term debt.

Italy's migrant crisis intensifies with murder arrests, drownings 17 Apr 2015

GENEVA/PALERMO, Italy - Italian police arrested 15 African men suspected of throwing about a dozen Christians from a migrant boat in the Mediterranean on Thursday, as the crisis off southern Italy intensified. | Video

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Closure of 'Alexandria' trade would cost Monte Paschi one billion euros 16 Apr 2015

SIENA - The European Central Bank (ECB) has told Monte dei Paschi di Siena to close a derivative trade with Nomura by late July, a move the Italian lender said would generate a pre-tax loss of 1 billion euros (0.74 billion pounds) but have almost no impact on its core capital.

Italy's migrant crisis intensifies with murder arrests, drownings 16 Apr 2015

GENEVA/PALERMO, Italy - Italian police arrested 15 African men suspected of throwing about a dozen Christians from a migrant boat in the Mediterranean on Thursday, as the crisis off southern Italy intensified.

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Italy PM Renzi faces party revolt over electoral law 15 Apr 2015

ROME - A senior parliamentary figure in Italian Prime Minister Matteo Renzi's ruling centre-left Democratic Party (PD) resigned on Wednesday in protest over his proposed new electoral law, underlining unrest among government backbenchers.

Agnellis' Exor bids $6.4 billion for PartnerRe to trump Axis 15 Apr 2015

MILAN - A $6.4 billion (4.32 billion pounds) all-cash offer from Italian holding company Exor for Bermuda-based reinsurer PartnerRe has disrupted plans by Axis Capital Holdings to merge with its rival and could end up triggering a bidding war.

Agnellis' Exor bids $6.4 billion for PartnerRe to trump Axis 14 Apr 2015

MILAN - Italian holding company Exor , which controls carmaker Fiat Chrysler Automobiles , offered $6.4 billion (4 billion pounds) in cash to buy Bermuda-based reinsurer PartnerRe , trumping an all-share deal with Axis Capital Holdings Ltd .

400 migrants die in shipwreck off Libya, survivors say 14 Apr 2015

ROME - About 400 migrants died in an attempt to reach Italy from Libya when their boat capsized, survivors said on Tuesday, the latest tragedy in the Mediterranean where the death toll from shipwrecks has surged this year.

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Italy court lifts constraints on Berlusconi after tax fraud sentence 14 Apr 2015

MILAN - Former Italian Prime Minister Silvio Berlusconi will be free to travel abroad after a court in Milan declared on Tuesday that he had fully served his sentence for tax fraud, although he will still be prevented from running for election.

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Afghanistan suicide blast kills 33, targets government workers

JALALABAD, Afghanistan - A suicide bomb blast in Afghanistan's eastern city of Jalalabad killed 33 people and injured more than 100 on Saturday outside a bank where government workers collect salaries, the city's police chief said. | Video