ROME Morgan Stanley on Thursday asked to have a lawsuit against it for 2.7 billion euros (2.35 billion pounds) in damages thrown out of an Italian administrative court, an Italian judge said.
ROME Italy will slightly raise its forecast for economic growth this year to 1.6 percent from 1.5 percent when the Treasury issues new projections next week, government sources have told Reuters.
ATHENS Greece on Thursday accepted a 535 million euro (466.31 million pounds) offer by a consortium led by Italy's Snam for a majority stake in gas grid operator DESFA and named it the "preferred investor", its privatisation agency said.
(This April 13 story, corrects paragraph three to show investment is $50 million, not 50 million euros.)
MILAN Italy's Popolare di Bari has set an ambitious target to reduce its soured debt this year, a source close to the bank said, in a move likely to heighten concerns it will need fresh capital.
ROME The anti-establishment 5-Star Movement on Wednesday challenged the far-right League to abandon its electoral allies by the end of this week and form a joint government, as talks to end Italy's post-election deadlock floundered.
MILAN Italy's biggest insurer Generali has agreed to sell its Belgian operations to Bermuda-based Athora Holding for 540 million euros (470.6 million pounds) as part of its plans to shrink its global business and shore up capital.
MILAN Salvatore Ferragamo will delay the appointment of a new CEO and set up an executive management committee to steer the Italian luxury group's ongoing revamp, sources close to the matter told Reuters.
ROME Italian President Sergio Mattarella on Wednesday asked Senate speaker Maria Casellati to meet with bickering political parties to see if a government can be formed following inconclusive elections six weeks ago.
ROME Italy's president is likely on Wednesday to appoint a mediator to try to break a deadlock that has prevented the formation of a government since inconclusive elections six weeks ago, a source said, although no quick breakthrough is expected.
SEOUL/GENEVA North Korea has expressed its commitment to "complete denuclearisation" of the Korean peninsula and is not seeking conditions, South Korean President Moon Jae-in said on Thursday, as the United States vowed to maintain "maximum pressure" on Pyongyang. | Video