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Parties make their cases to Italy president for new leader


ROME Political parties made their cases to Italy's head of state on Saturday for candidates to lead the country out of a government crisis prompted by Matteo Renzi's resignation as prime minister.


Exclusive - ECB rejects Monte Paschi's request for more time to raise cash: source 09 Dec 2016

MILAN The European Central Bank has rejected a request by Italy's Monte dei Paschi di Siena for more time to raise capital, a source said on Friday, a decision that piles pressure on the Rome government to bail out the lender.


Tiny parties throng to have their say on Italy's new leader 09 Dec 2016

ROME President Sergio Mattarella is consulting a total of 23 parties to help him find a successor to outgoing Prime Minister Matteo Renzi, showing how little progress Italy has made in reducing political fragmentation.


Bruised ECB hopes Monte Paschi rescue would open door for more 09 Dec 2016

FRANKFURT/LONDON The European Central Bank hopes its decision to confront struggling Italian bank Monte dei Paschi at last will draw a line under a multi-year crisis that has risked tarnishing its reputation as a credible supervisor.


Italy, Greece face off against easterners in EU migration feud 09 Dec 2016

BRUSSELS Eastern European Union states remain at loggerheads with "frontline" countries such as Greece and Italy over sharing the burden of caring for asylum-seekers reaching EU frontiers, officials said on Friday.


UniCredit to test confidence in Italian banks with huge cash call 09 Dec 2016

MILAN Italy's largest lender, UniCredit , is set to announce next week the country's biggest bank share issue, worth up to 13 billion euros (£11 billion), in what would be a major test of confidence in Italy's wider banking system, sources said. | Video


Euro zone bailout fund not preparing Italy aid - Regling 09 Dec 2016

HELSINKI The euro zone bailout fund is not preparing financial support for Italy though some individual Italian banks have problems and need to raise capital, the head of the fund said on Friday.


Italy president starts talks to seek way out of political crisis 08 Dec 2016

ROME Italy's president began talks with political leaders on Thursday to seek a way out of the political crisis caused by the resignation of Prime Minister Matteo Renzi.

UniCredit sells Polish assets ahead of share issue 08 Dec 2016

WARSAW/MILAN Italy's biggest lender UniCredit has agreed to sell its Polish assets for 2.5 billion euros (£2.1 billion), improving its financial standing ahead of share issue at a time of political instability at home.


Italian bank Intesa to help fund Rosneft deal for Glencore and Qatar - sources 08 Dec 2016

LONDON/MOSCOW Italian bank Intesa Sanpaolo is expected to provide a consortium of Qatar and commodities trader Glencore with sizeable funds to help finance their purchase of a stake in Russian oil company Rosneft, two sources familiar with the transaction said.


CIA says Russia intervened to help Trump win White House

WASHINGTON The CIA has concluded that Russia intervened in the 2016 election to help President-elect Donald Trump win the White House, and not just to undermine confidence in the U.S. electoral system, a senior U.S. official said on Friday. | Video