Tag Archives: Italy

Furore in Italy over possible freeing of Mafia boss to ‘die with dignity’

Italian politicians and relatives of victims of organised crime have voiced anger at a court ruling that opens the way for an ailing Mafia boss known as “the Beast” to be freed to “die with dignity”. Salvatore “Toto” Riina, from the Sicilian hill town of Corleone made famous in The Godfather movies, was jailed in 1993. Known for… Read More »

Greece, Italy tensions hit euro, Asian stocks, lift yen, gold

Concerns about a Greek bailout, early Italian elections and comments by the European Central Bank chief about the need for continued stimulus all kept the euro under pressure on Tuesday. The European geopolitical fears sapped risk appetite, weighing on Asian stocks and lifting safe havens including the yen and gold, though trading was thin with several markets closed… Read More »

BT profits dive on Italy woes

Quarterly profits at BT have dived 37% after the firm reported an accounting scandal in its Italian division that cost it more than £500m. In the three months to 31 December profit before tax fell to £526m, although revenues climbed to £6.1bn. On Tuesday, BT was forced to write down the value of its Italian unit after years… Read More »

Italy president starts talks to seek way out of political crisis

Italy’s president began talks with political leaders on Thursday to seek a way out of the political crisis caused by the resignation of Prime Minister Matteo Renzi. Sergio Mattarella, a 75-year-old former constitutional court judge, must decide if someone can lead Italy to elections scheduled for 2018, or whether an interim government should serve until a snap vote… Read More »

Euro skids, shares hit after Italy votes ‘no’ on reform

The euro fell to a 20-month low on Monday and investors fled riskier assets after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilize the country’s shaky banking system. Renzi’s defeat deals a body blow to a European Union already reeling under anti-establishment anger that led to the… Read More »

ECB’s Villeroy: can’t compare Italy “No” vote to Brexit

Italian voters’ defeat of a referendum on constitutional reforms cannot be compared to Britain’s vote to leave the European Union, European Central Bank policymaker Francois Villeroy de Galhau said on Monday. Policymakers will still look closely at the consequences of Italy’s decision, Villeroy, who is also governor of the Bank of France, said at a seminar in Japan.… Read More »

Bond yields slip on U.S. jobs data, euro steady before Italy vote

Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a rise sparked by a cut in oil output agreed this week… Read More »

Allianz to sell $5 billion life insurance portfolio in Italy – sources

German insurer Allianz (ALVG.DE) is looking to sell a $5 billion portfolio of life insurance policies in Italy, sources familiar with the matter said on Wednesday. Europe’s biggest insurer has picked Goldman Sachs (GS.N) to run the sale of the closed life policies, which no longer accept new business but remain on an insurer’s books as premium paying… Read More »