Italy

As Spain became the fourth euro zone country to accept an international bailout, investors turned their nervous gaze Monday to Italy, selling Italian stocks and bonds on worries that Rome could be the next victim of Europe’s financial infection, the In ...

Daily Headline - global.abi.org - 06/11/2012 - 20:58 - 0 comments

Italian prosecutors have widened a probe into the family group that controls troubled insurer Fondiaria-SAI, sources said on Tuesday, in a move that could complicate plans to rescue Fondiaria through a merger with peer Unipol, Reuters reported. Milan pro ...

Daily Headline - global.abi.org - 04/17/2012 - 22:19 - 0 comments

Lucchini group has sold its key foundry, Bari Fonderie Meridionali (BFM), to the Czech DT - Vyhybkarna a Strojirna AS, as part of Lucchini's debt restructuring plan, the Italian steelmaker said on Tuesday, Reuters reported. Lucchini, owned by Russia ...

Daily Headline - global.abi.org - 04/03/2012 - 20:14 - 0 comments

Italy’s Prime Minister Mario Monti will press ahead with efforts to revise labor laws this week, amid fresh warnings that the three-year-old European debt crisis is far from over, Bloomberg reported. Monti will lead talks with unions and employers in a f ...

Daily Headline - global.abi.org - 03/18/2012 - 23:47 - 0 comments

Italy's successful government bond sale Wednesday added new evidence that investors have begun to give Italy better chances of avoiding a fiscal crisis than Spain, another big euro-zone economy that has been seen at risk of needing a Greek-style bai ...

Daily Headline - global.abi.org - 03/14/2012 - 22:00 - 0 comments

Jeweller Mattia Cielo opened his exclusive boutique on top Italian luxury street Via Montenapoleone last October, only to see the flow of clients peter out after the government curbed the use of cash. So when Rome bowed to pressure and scrapped the 1,000 ...

Daily Headline - global.abi.org - 03/08/2012 - 22:36 - 0 comments

Seat Pagine Gialle SpA (PG), Italy’s largest phone-book publisher, said its debt restructuring plan won the backing of more than 97 percent of senior bondholders, the last class of creditors required to approve the proposal, Bloomberg reported. Senior bo ...

Daily Headline - global.abi.org - 03/07/2012 - 22:53 - 0 comments

Italian yellow pages company Seat Pagine Gialle said on Friday it had won the support of more than 75 percent of its senior creditors and Lighthouse bondholders, paving the way for a debt restructuring deal, Reuters reported. Shares in the Turin-based co ...

Daily Headline - global.abi.org - 03/04/2012 - 23:44 - 0 comments

Pininfarina, which in tough markets has downsized from a coachwork maker for high-end sports cars to focus on its automotive design business, said it had reached a debt restructuring deal with banks after long-running talks, Reuters reported. The Italian ...

Daily Headline - global.abi.org - 02/15/2012 - 21:51 - 0 comments

Italy's Pininfarina family is set to lose control of the eponymous car design company as lengthy debt restructuring talks head toward the finish line, people familiar with the situation said on Tuesday, Reuters reported. Pininfarina, designer of dre ...

Daily Headline - global.abi.org - 02/14/2012 - 22:28 - 0 comments