MILAN - Italy's Enel Green Power has agreed to sell a 49 percent stake in a newly created company holding its North American renewable energy assets to GE Energy Financial Services for around $440 million in a bid to fund growth.
VATICAN CITY - The Vatican and Italy are close to reaching an agreement to share financial and tax information in the aim of cracking down on money-laundering and other illicit behavior, a senior Vatican official said on Tuesday.
TURIN - Exor , the Italian investment holding company controlled by the Agnelli family, is considering a possible sale of Cushman & Wakefield, the world's third-largest real estate company, and could have a clearer picture in the next month or so, Exor's chairman, John Elkann, said on Tuesday.
PARIS/MILAN - Italian online fashion retailer Yoox has bought Net-a-Porter, its upmarket rival, in an all-share deal that creates an industry leader in the booming online luxury market, with combined sales of 1.3 billion euros ($1.4 billion).
WASHINGTON - U.S. regulators on Monday accused flamboyant New York financier Lynn Tilton and her advisory business of defrauding investors by hiding poor performance of assets underlying three collateralized loan obligation funds.
BEIJING - Ren Jianxin, the architect behind China National Chemical Corp's $8 billion bid for Italian tiremaker Pirelli , is rare among Chinese state company bosses: he gets the importance of markets and the limits of government assistance.
ROME - Amanda Knox's ex-boyfriend Raffaele Sollecito may seek reparations after his second acquittal for the 2007 murder of British student Meredith Kercher brought to an end a marathon journey through Italy's justice system.
ZURICH - Dufry AG has fleshed out plans for its takeover of Italy's World Duty Free SpA (WDF) , as the Swiss company seeks to consolidate its position as the biggest player in the fast-growing airport retail sector.
PARIS/NEW YORK - Italian online fashion retailer Yoox could unveil a deal to buy Richemont's Net-a-Porter as early as this week, sources close to the matter told Reuters at the weekend.
MILAN/DOHA - Qatar Investment Authority is partly financing Swiss travel retailer Dufry's 1.3 billion-euro purchase of a majority stake in smaller Italian rival World Duty Free, according to three sources close to the matter.
LAUSANNE, Switzerland - Six world powers and Iran met again on Wednesday in a bid to reach a preliminary accord on reining in Tehran's nuclear program, after failing to agree crucial details such as the lifting of U.N. sanctions by a midnight deadline. | Video