Fiat investors vote on Chrysler merger to ease access to cash, U.S. investors


TURIN Italy - Fiat shareholders are expected to approve the Italian carmaker's merger with its U.S. unit Chrysler on Friday, a union aimed at boosting the world's seventh-largest auto group's appeal with foreign investors and paving the way for a U.S. share listing.

Ex-hedge fund chief Micalizzi loses appeal against UK ban, fine 30 Jul 2014

LONDON - The Italian former head of defunct UK hedge fund Dynamic Decisions on Wednesday lost his appeal against a multi-million pound fine and a ban from holding any role in Britain's financial sector.


UniCredit to receive 3 binding offers for Pioneer unit stake - sources 30 Jul 2014

MILAN - Italy's UniCredit SpA will receive three binding offers on Wednesday to buy up to 50 percent of its asset management unit Pioneer, two sources close to the matter told Reuters.


Italian Senators dig in against Renzi's reform plans 29 Jul 2014

ROME - Italian Senators clashed furiously on Tuesday over Prime Minister Matteo Renzi's plan to strip the upper house of most of its powers as part of a wide-ranging package of reforms to Italy's system of government and economy.


Costa Concordia completes its voyage to the scrap yard 27 Jul 2014

GENOA Italy - The wrecked Costa Concordia cruise liner limped into its last port on Sunday, when it was towed to the northern Italian city of Genoa to be broken up for scrap, two-and-a-half years after running aground and sinking with the loss of 32 lives. | Video


UniCredit close to selling more private equity holdings -source 27 Jul 2014

MILAN - Italy's UniCredit is close to selling a new portion of its private equity holdings after a similar deal in 2013, a source close to the matter said on Sunday, as European banks shed non-core assets to strengthen their capital base.


Pope Francis renews attack on mafia in region scarred by toxic waste 26 Jul 2014

ROME - Pope Francis called for nature to be protected from criminal abuse on Saturday during a visit in the southern Italian town of Caserta, near Naples, in a region long blighted by illegal toxic waste dumps and the pervasive grip of the Camorra mafia.


BSkyB to pay $9 billion to create Sky Europe 25 Jul 2014

LONDON/PARIS - Britain's BSkyB has agreed to pay $9 billion (5.3 billion pounds) to buy the Rupert Murdoch's pay-TV companies in Germany and Italy, taking its hunt for growth into Europe by creating a media powerhouse with 20 million customers.

Italy-Russia submarine project faces delay 25 Jul 2014

MOSCOW - An Italian-Russian project to build a new generation small submarine has been delayed but comments attributed to a senior Russian official that the Ukraine crisis was behind the move were denied by a spokesman for the Italian company involved.


Italy PM Renzi's reform plans hit resistance in Senate 24 Jul 2014

ROME - Prime Minister Matteo Renzi's plans to slash the powers of Italy's Senate, a key element of his reform agenda, have run into trouble, with opposition politicians submitting nearly 8,000 amendments to delay its approval.


Israel, Palestinian militant groups agree to three-day Gaza truce

GAZA/JERUSALEM - Israel and Palestinian militant groups in the Gaza Strip have agreed to a three-day humanitarian truce to begin Friday morning, and negotiators from both sides will travel to Cairo to discuss a longer-term solution. | Video