United Kingdom

Giulio Piovaccari

Bank of Italy head warns of higher deficit spend impact on debt

22 Sep 2018

VARENNA, Italy Any increase in deficit spending that does not help boost structural economic growth could put Italy's debt on an unsustainable course, the head of the Bank of Italy said.

Renewed political unease in Rome knocks Italian bonds

20 Jul 2018

LONDON/MILAN Italian government bond yields rose on Friday after local media reported on tensions within the ruling coalition and a newspaper interview with a lawmaker raised more concerns about Rome's commitment to the euro.

Italian payments firm Nexi sees market listing as likely outcome

30 Apr 2018

MILAN Italian banking services provider Nexi sees a future market listing as a likely outcome, although this will not happen in the immediate future, its chief financial officer said on Monday.

Italy's Ferragamo rules out sale as troubles continue

08 Mar 2018

MILAN Salvatore Ferragamo will take the time needed to find a new chief executive to help turnaround the Italian shoemaker, its chairman said on Thursday, ruling out a sale of the company.

Italy election promises based on shaky economic assumptions: economist

13 Feb 2018

MILAN The economic promises from all Italy's main parties rely on overly optimistic assumptions about inflation and interest rates, a former government spending adviser who is being courted by various parties said on Tuesday.

Italy could block sale of Piaggio Aerospace's jet business to China: source

04 Oct 2017

MILAN Italy is considering blocking the proposed sale of Piaggio Aerospace's executive-jet business to a Chinese state-backed consortium, amid concerns over the transfer of sensitive technology and potential loss of jobs, a source familiar with the matter said.

Market signals big paper loss for Rome after Monte Paschi's bank bailout

24 Aug 2017

MILAN The Italian government faces a paper loss of more than 30 percent on its 3.85 billion euros ($4.54 billion) rescue of troubled lender Monte dei Paschi di Siena , according to grey-market trading in the bank's new shares.

Germany confident Italy will get sympathetic EU hearing over quake plans

31 Aug 2016

MARANELLO, Italy Germany reassured Italy on Wednesday that Europe would help the country after last week's deadly earthquake, with Chancellor Angela Merkel saying solutions could be found to overcome budget restrictions.

Italy might seek EU flexibility over disaster protection plan -Renzi

31 Aug 2016

MARANELLO, Italy, Aug 31 Italy will seek budget flexibility from the European Union if necessary to help it fund a multi-year plan to boost the country's defences against earthquakes, Prime Minister Matteo Renzi said on Wednesday.

Insight: Parmesan bonds replace bank loans in Italy's new credit order

18 Feb 2016

ROME/MILAN When Parmesan prices proved too volatile for Italy's strained banks a dairy cooperative near Bologna came up with a novel solution to its funding needs, bonds backed by wheels of cheese.

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