Italy

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UniCredit, Italy’s Biggest Lender, To Dispose Of More Than €5 Billion In Bad Loans

The trickle of toxic debt being sold by Italian banks is turning into a torrent as UniCredit prepares to announce the disposal of more than €5 billion in bad loans to private equity investors, the Irish Times reported. UK group AnaCap Financial Partn ...

Daily Headline - global.abi.org - 10/15/2014 - 22:15 - 0 comments

Italy's Lucchini To Ask India's JSW Steel To Lift Its Offer

Troubled steelmaker Lucchini said on Tuesday it planned to ask India's JSW Steel to raise its offer of less than $100 million for the Italian company's core assets in Piombino on the Tuscan coast, Reuters reported. Lucchini, Italy's second ...

Daily Headline - global.abi.org - 10/14/2014 - 22:05 - 0 comments

Italy to Remain in Recession This Year, Says IMF

completed at the end of August after bilateral consultations with Rome, the IMF forecast a 0.1% drop in ...

Daily Headline - global.abi.org - 09/18/2014 - 21:39 - 0 comments

Italy Calls For New Benchmarks To Measure Reforms

Italy is pushing for new rules to monitor economic reforms across the eurozone, in an attempt to reassure other European countries of its commitment to tackling its biggest structural problems and rally them towards greater flexibility on budgetary polic ...

Daily Headline - global.abi.org - 09/07/2014 - 21:41 - 0 comments

Italy Court Upholds U.S. Ruling On Parmalat Damages To Citibank

An Italian court has upheld a ruling by a U.S. court for Italy's Parmalat to pay Citibank $431 million in damages in a case relating to the dairy group's bankruptcy more than 10 years ago, lawyers for the U.S. bank said on Thursday, Reuters rep ...

Daily Headline - global.abi.org - 09/04/2014 - 20:44 - 0 comments

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

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