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ECB to hold fire after Brexit vote as markets regain poise - officials


SINTRA, Portugal The European Central Bank is in no rush to ease monetary policy in response to Britain's vote to leave the European Union, taking comfort in a calmer-than-feared market reaction, bank officials said on Wednesday.


Italy raises wreck of migrant boat that sank, killing hundreds, in 2015 29 Jun 2016

ROME Italy has begun raising the wreck of a fishing boat that sank in April 2015, drowning hundreds of migrants packed on board, its navy said on Wednesday.


Follow the rules on banks, EU tells Italy, Brexit no excuse 29 Jun 2016

BRUSSELS Germany and the European Commission told Italy on Wednesday to follow the rules after Italy made preliminary plans to prop up its banks in the wake of volatility caused by Britain's vote to leave the European Union.

Italy, Netherlands propose split U.N. Security Council seat for 2017-18 28 Jun 2016

UNITED NATIONS Italy and The Netherlands proposed on Tuesday splitting a two-year term on the United Nations Security Council after the U.N. General Assembly was deadlocked on which to choose following five rounds of voting for the final 2017/18 seat.


Hitachi, Alstom, Stadler win $5 billion contract to build trains for Trenitalia 28 Jun 2016

ROME Hitachi Rail Italy, France's Alstom and Swiss firm Stadler have won contracts worth a combined 4.5 billion euros (3.74 billion pound) to build trains for Trenitalia, the Italian train operator said on Tuesday.


Italy prepares to shield its banks from Brexit fallout 27 Jun 2016

ROME Italy is preparing to protect its banks from a destabilising share sell-off following last week's Brexit vote, sources told Reuters on Monday.


Italy says Brexit is great opportunity for Europe 27 Jun 2016

ROME Italian Prime Minister Matteo Renzi told parliament on Monday that Britain's vote to leave the European Union could be a "great opportunity" for the rest of the bloc to make long-needed changes.

Italy arrests second most wanted mafia boss 26 Jun 2016

MILAN Italy's second most wanted mobster Ernesto Fazzalari was arrested on Sunday after almost two decades on the run, apprehended by the paramilitary Carabinieri police.


Italy economy minister says Brexit likely to hit growth, public finances 26 Jun 2016

MILAN Italy's Economy Minister Pier Carlo Padoan said on Saturday that Britain's vote to leave the European Union could lead to the Italian economy growing less than initially forecast, with a negative impact on public finances.


Boat migrant rescues surge as calm seas return to Mediterranean 24 Jun 2016

ABOARD THE TOPAZ RESPONDER Ships manned by humanitarian organisations, the Italian navy and coast guard helped rescue about 4,500 boat migrants on Thursday as calm seas returned to the Mediterranean, prompting a surge in departures from North Africa.


EU tells UK single market access requires full free movement

LONDON/BRUSSELS European Union leaders met for the first time without Britain on Wednesday less than a week after it voted to leave, delivering a tough message that London can access the bloc's lucrative single market only if it agrees to allow free movement for EU workers.