Results for Italy
- Alitalia Meets Condition of Poste Italiane Investment
Alitalia SpA succeeded in raising enough money so Italy's post office will invest in the airline, increasing the likelihood that it will have sufficient capital to keep flying for at least a year as it looks for a partner to ensure its long-term sur ...
Daily Headline - global.abi.org - 12/09/2013 - 22:45 - 0 comments
- Italian Banks' Woes Hurt Small Firms
Pietro Fattorini, owner of a marble company in the eastern Italian region of Marche, recently filed for bankruptcy protection. But it isn't for lack of demand. The 23-year-old company he founded has plenty of orders from overseas clients, The Wall ...
Daily Headline - global.abi.org - 12/03/2013 - 22:14 - 0 comments
- Alitalia Raises Less Than Two-Thirds Of Emergency Cash
Loss-making Alitalia has yet to raise all of the 300 million euros ($407 million) it was seeking in an emergency cash call, piling more pressure on the Italian airline and find a strategic investor to keep it flying, Reuters reported. Alitalia said on Th ...
Daily Headline - global.abi.org - 11/28/2013 - 22:49 - 0 comments
- Monte Paschi Seeks Return to Profit in Restructuring Plan
Banca Monte dei Paschi di Siena SpA is seeking to return to profit after cutting costs and raising capital as part of the bailed-out Italian bank’s restructuring plan, Bloomberg reported. Monte Paschi targets net income of 200 million euros ($272 million ...
Daily Headline - global.abi.org - 11/28/2013 - 22:54 - 0 comments
- Italian Banks Start To Offload Bad Loans
Italian banks are preparing to sell nearly a quarter of their problem loans by 2017 thanks to a balance sheet clean-up spearheaded by the Bank of Italy that is tempting specialist investors back into the market, Reuters reported. Bad debts held by Italia ...
Daily Headline - global.abi.org - 11/19/2013 - 21:06 - 0 comments
- In Italy, High Payroll Taxes Stand in Way of Recovery
The staggering tax burden is a big part of the reason Italy's output has grown the least over the last decade of any of the 34 countries in the Organization for Economic Development and Cooperation, The Wall Street Journal reported. Now with the ...
Daily Headline - global.abi.org - 11/18/2013 - 23:20 - 0 comments
- Air France-KLM Walks Away From Alitalia Call For Rescue Cash
Top shareholder Air France-KLM refused a plea for cash on Thursday to rescue Alitalia, saying a new business plan was not enough to save the stricken Italian carrier unless its creditors also write off some of its huge debts, Reuters reported. Alitalia, ...
Daily Headline - global.abi.org - 11/14/2013 - 20:10 - 0 comments
- Italian Banks Still Struggle With Bad Loans
Italian banks are still struggling with rising levels of bad loans, with smaller banks lagging in setting aside money to cover potential losses on them, even as the Bank of Italy urges a more aggressive cleanup on the financial institutions’ balance shee ...
Daily Headline - global.abi.org - 11/13/2013 - 21:46 - 0 comments
- Italy’s New Spending Tsar Eyes Path Of Austerity Amid Excess
Italy’s appointment of a former senior IMF official as the government’s new spending tsar has already added to the budget deficit – his annual salary of €300,000 is the maximum allowed for a civil servant. Rhetoric over his income aside, the choice of th ...
Daily Headline - global.abi.org - 11/05/2013 - 20:51 - 0 comments
- Alitalia to Approach Aeroflot About Partnership
Officials from cash-strapped Italian flagship carrier Alitalia SpA. will travel to Moscow next week to sound out Aeroflot's about an alliance, a person close to Alitalia said on Saturday, The Wall Street Journal reported. The person, who spoke o ...
Daily Headline - global.abi.org - 11/03/2013 - 16:56 - 0 comments