Edition:
United Kingdom

Stefano Bernabei

Italy to raise Telecom Italia stake, eyes single network

15 Feb 2019

ROME Italy's state lender CDP has decided to raise its stake in Telecom Italia, a move that could pave the way for a possible merger of the phone group's fixed line network with that of smaller rival Open Fiber.

UPDATE 2-French Alpine tunnel shown red signal by Italy's transport ministry

12 Feb 2019

* Governing partner, the League, says project should go ahead

Italy aims for high speed rail decision by May, no coalition split - minister

14 Jan 2019

ROME Italy aims to decide by the end of May whether to complete a high-speed rail link to France, Transport Minister Danilo Toninelli told Reuters, predicting agreement within the government on a plan that has divided its coalition parties.

Autostrade executives guilty of manslaughter in 2013 motorway accident, CEO acquitted

11 Jan 2019

MILAN/ROME Three managers at Autostrade per l'Italia, and three former managers, were found guilty of manslaughter on Friday over the deaths of 40 people in a 2013 accident on one of the company's motorways, while CEO Giovanni Castellucci was acquitted.

Italian bank Popolare di Bari to seek 500 million euros from investors - source

10 Jan 2019

MILAN/ROME Italy's Popolare di Bari will try to raise up to 500 million euros ($577 million) from investors to shore up its balance sheet, a source familiar with its thinking said.

Italy offers state-backed options to shore up Carige

07 Jan 2019

ROME/MILAN The Italian government approved a decree aimed at shoring up troubled lender Banca Carige , offering it access to a series of state-support options including recapitalisation.

UPDATE 2-Italian banks consider credit line to protect deposits -sources

09 Nov 2018

* Govt policies are pushing funding cost up (Adds Economy Minister Tria, Bank of Italy)

Italy's central bank chief warns on rising borrowing costs, GDP slowdown

31 Oct 2018

ROME Bank of Italy Governor Ignazio Visco said on Wednesday that families and firms would suffer if borrowing costs stayed high, and called on the government to ensure fiscal stability.

EU lawmakers shortlist Enria, Donnery to head ECB banking supervisor - sources

24 Oct 2018

ROME European lawmakers have short-listed Italy's Andrea Enria and Ireland's Sharon Donnery to be the next head of the EU's banking supervisory body, two sources close to the matter said on Wednesday.

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