Saras and Rosneft abandon plans for trading joint venture


MILAN - Italian refiner Saras and Russian energy giant Rosneft have called off plans to set up a trading joint venture, Saras Managing Director Dario Scaffardi said on Tuesday.

Enel asset sale plan faces rejig as Slovakia cranks up pressure

MILAN/PRAGUE - Enel may have to rejig its plans to sell 5 billion euros ($5.5 billion) of assets after Slovakia spooked investors by cranking up its war of words with the Italian utility over the sale of the country's biggest power company.

Deals, 11:34am EDT

Italy PM defies critics with confidence vote on election law

ROME - The Italian government said on Tuesday it would put its bitterly contested electoral reform to a confidence vote in parliament, forcing rebels in Prime Minister Matteo Renzi's center-left Democratic Party (PD) to back him or face new elections.

World, 10:53am EDT

Italy's Renzi appeals to party rebels to pass electoral reform

ROME - Prime Minister Matteo Renzi appealed on Monday to dissidents within his party to support a fiercely contested proposal for electoral reform, saying the dignity of the ruling Democratic Party (PD) is at stake.

World, 27 Apr 2015

Pop Milano sits pretty as Italy cooperative banks brace for M&A

MILAN - At least five investment banks are vying to win a mandate from Banca Popolare di Milano (BPM) and find it a partner as Italian cooperative lenders gear up for a wave of mergers following a landmark reform of the sector.

Deals 26 Apr 2015

UBI doesn't rule out Monte Paschi tie-up but won't be pushed into bad deal: CEO

BERGAMO, Italy - UBI , Italy's fifth-biggest bank, does not rule out a tie-up with troubled Monte dei Paschi di Siena but will not be pushed into an unwanted deal, its chief executive said on Saturday.

25 Apr 2015

Exclusive: Brother says accused Tunisian was forced to captain migrant boat at gunpoint

TUNIS - The Tunisian man accused of piloting a migrant boat that sank off Libya, killing more than 700 people, is himself a migrant who was forced at gunpoint to captain the ship because of his experience as a fisherman, his brother said on Saturday.

Several U.S. probes likely of drone strikes that killed hostages

WASHINGTON - The Central Intelligence Agency's Inspector General will conduct what could be the first of several investigations into the CIA drone strikes that killed American and Italian hostages and two U.S.-born al Qaeda militants, U.S. government sources said on Friday.

U.S., World, 24 Apr 2015

Sky approached Mediaset to buy pay-TV unit: sources

MILAN - The Italian unit of Sky Plc approached Italian broadcaster Mediaset to buy its unprofitable pay-TV business Mediaset Premium but was rebuffed, according to two sources close to the matter.

Deals, 24 Apr 2015

Suspected Al-Qaeda militants arrested in Italy for Vatican plot

ROME - Italian police on Friday arrested 10 people and were looking for eight others suspected of belonging to an armed group linked to al Qaeda who had plotted attacks in Pakistan and Afghanistan and at least at one point the Vatican. | Video

World, Afghanistan 24 Apr 2015

Drug convicts executed in Indonesia, Filipina not among them: media

CILACAP, Indonesia - Eight drug convicts were executed by an Indonesian firing squad early on Wednesday but a Filipina who was on death row with the Australians, Nigerians, a Brazilian and an Indonesian was unexpectedly not among them, local media reports said. | Video