Italy

Italy cheers ECB bond buying plan, sees big boost to economy

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ROME - The European Central Bank's bond buying programme will give a decisive boost to Italy's stagnant economy, business lobby Confindustria said on Saturday, while the Bank of Italy said it would make it easier to pass reforms.

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Italy's Padoan says bank reform may help Monte Paschi 21 Jan 2015

DAVOS, Switzerland - Italy's reforms of the cooperative bank sector should set off a wave of consolidation, opening up more access to capital and facilitating deals that could help other banks including Monte dei Paschi, Economy Minister Pier Carlo Padoan said on Wednesday.

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Italian Senate vote gives boost to Renzi electoral law deal 21 Jan 2015

ROME - Italy's Senate approved an amendment to a new electoral law on Wednesday, paving the way for the passage of a cornerstone of Prime Minister Matteo Renzi's reform programme in the upper house next week.

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UniCredit aims to strengthen position in central and east Europe 21 Jan 2015

VIENNA - UniCredit SpA plans to expand its already strong presence in central and eastern Europe and is on the lookout for possible buys, the Italian bank said, lured by the region's long-term growth potential despite short-term difficulties.

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Italy to exit recession in first quarter, growth seen weak - central bank 19 Jan 2015

ROME - Italy will probably come out of recession in the first quarter and then continue to post weak growth for the foreseeable future but decisive policy action is needed for a firmer recovery, the deputy governor of the Bank of Italy said on Monday.

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Luxury group Ferragamo's December sale better than expected - CEO 18 Jan 2015

MILAN - Italian luxury group Salvatore Ferragamo's December sales outpaced its expectations due to growth in all of its markets, Chief Executive Michele Norsa said on Sunday.

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Italy expels nine suspected Islamist militants 18 Jan 2015

ROME - Italy has expelled nine suspected Islamist militants so far this year as part of a heightened security alert throughout Europe and could make further expulsions, Interior Minister Angelino Alfano said on Sunday.

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Italy's Padoan urges ECB bond buying 'without constraints' 17 Jan 2015

ROME - Italian Economy Minister Pier Carlo Padoan has called for the European Central Bank (ECB) to launch its expected bond-buying programme "without constraints", saying he hoped its impact was not watered down and fragmented along national lines.

Italian aid workers held hostage in Syria freed 15 Jan 2015

ROME - Two Italian aid workers taken hostage in Syria five months ago have been released and will soon return home, Italy's government said on Thursday.

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Monte dei Paschi in talks as ECB gets tough on capital 15 Jan 2015

ROME/FRANKFURT - Executives from Monte dei Paschi di Siena are making a last-ditch effort to persuade the euro zone's new banking supervisor Daniele Nouy to ease her demands on the Italian lender, sources close to the matter said, as the regulator takes a more robust approach to risk.

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Japan condemns IS execution, demands remaining hostage release

TOKYO - Japanese Prime Minister Shinzo Abe on Sunday called the killing of a Japanese captive by Islamic State militants "outrageous" and again demanded the group release a second Japanese national they are holding. | Video