Italy

Results for Italy

Italy Slips Back Into Recession in Second Quarter

euro zone's third-largest economy dropped 0.2 percent in the second quarter of 2014 from the ...

Daily Headline - abi_admin - 08/06/2014 - 13:30 - 0 comments

UniCredit CEO Says Banks Agree On Alitalia Debt Restructuring

Creditor banks of Alitalia have reached agreement on how to share the burden of a debt restructuring for the Italian airline, UniCredit Chief Executive's Federico Ghizzoni said on Monday, Reuters reported. The green light from the banks, together wi ...

Daily Headline - global.abi.org - 07/14/2014 - 19:53 - 0 comments

ArcelorMittal Plans To Acquire Italian Steelmaker Lucchini

ArcelorMittal is looking into making an offer for Italy’s second biggest steel producer Lucchini, and a proposal is expected to be made later in July, GantDaily.com reported. Lucchini was placed under “special administration” after it was declared insolv ...

Daily Headline - global.abi.org - 07/06/2014 - 21:57 - 0 comments

Italian Leader Presses His Case for Budget Relief in Europe

The presidency of the European Union is largely ceremonial, rotating every six months among the bloc’s 28 nations. But Prime Minister Matteo Renzi of Italy means to use its new presidency as a platform from which to seek relief for his country’s debt-sad ...

Daily Headline - global.abi.org - 07/02/2014 - 23:08 - 0 comments

After A Decade, Parmalat Lawsuit Vs Grant Thornton In U.S. Is Back

A federal appeals court in Chicago said auditor Grant Thornton LLP must again face a lawsuit over its alleged role in the collapse of Italian dairy company Parmalat SpA, while lamenting that its decision puts the nearly 10-year-old case on the brink of s ...

Daily Headline - global.abi.org - 06/25/2014 - 22:17 - 0 comments

Renzi Leads Centre-Left Drive To Loosen Eurozone Fiscal Rules

Europe’s centre-left leaders, led by Italy’s Matteo Renzi, are pushing for a loosening of the EU’s tough budget rules as the price for their support of Jean-Claude Juncker to be the next European Commission president, a drive that risks reopening the deb ...

Daily Headline - global.abi.org - 06/19/2014 - 23:05 - 0 comments

Shift Emerges in Europe on Focus on Austerity

France and Italy, still struggling to meet the euro zone’s tough budget targets, may be gaining support for an effort to relax the rules, the International New York Times reported. The effort, backed by Socialists in the newly elected European Parlia ...

Daily Headline - global.abi.org - 06/18/2014 - 22:24 - 0 comments

Italy Asks Arcelormittal To Invest In Troubled Steel Plant

The Italian government has asked ArcelorMittal SA to consider investing in or buying troubled Italian steel producer Ilva, the chief executive officer of the world's largest steelmaker said on Tuesday, Reuters reported. "We have been invited by ...

Daily Headline - global.abi.org - 06/17/2014 - 22:40 - 0 comments

Alitalia’s Board Agrees to Cash Infusion From Etihad of Abu Dhabi

Facing the prospect of bankruptcy for the second time in five years, the board of Italy’s troubled flagship airline, Alitalia, agreed on Friday to a strategic partnership that would give a stake of up to 49 percent to the state-owned Abu Dhabi carrier Et ...

Daily Headline - global.abi.org - 06/15/2014 - 21:49 - 0 comments

Draghi Says Renzi Can’t Limit Bank of Italy Officials’ Salaries

Prime Minister Matteo Renzi’s government can’t impose a cap aimed at reining in state salaries on Bank of Italy officials’ pay as that would compromise the independence of the institution, European Central Bank President Mario Draghi said, Bloomberg News ...

Daily Headline - global.abi.org - 06/10/2014 - 21:56 - 0 comments

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