Italy

Intesa not eyeing MPS, other Italian banks: report

MILAN - Intesa Sanpaolo , Italy's biggest retail bank, is not eyeing Banca Monte dei Paschi di Siena (MPS) or other Italian banks, its chief executive said in an interview to an Italian newspaper.


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Mafioso and murderer tackle Shakespeare in new film

BERLIN - Drug dealers, a Mafioso and a murderer are cast in the roles of Caesar, Brutus, Cassius and others in "Caesar Must Die," a docu-drama about inmates at a tough Italian prison who take on a Shakespeare tragedy.

Entertainment, Fashion, Film, 11 Feb 2012

Italy doesn't need firewalls, Europe does: Monti

NEW YORK - Italian Prime Minister Mario Monti said Rome will not need bailout funds to overcome its debt crisis, but he reiterated that Europe should build large financial firewalls to "impress the market and take the perception of risk away."

United Nations, 10 Feb 2012

S&P downgrades 34 Italian banks

MILAN - Rating agency Standard & Poor's downgraded 34 Italian banks on Friday, including heavyweights UniCredit and Intesa Sanpaolo , citing a reduced ability to roll over their wholesale debt and expected weak profitability.

10 Feb 2012

Europe needs stronger financial firewall: Obama

WASHINGTON - President Barack Obama assured Italian Prime Minister Mario Monti on Thursday that the United States will do whatever it can to help stabilize the situation in the euro zone, which he said demanded a more muscular approach to fighting its debt crisis. | Video

10 Feb 2012

IMF must help avoid Greek "explosion": Italy's Monti

WASHINGTON - Greece's debt crisis on Thursday dominated the first day of Italian Prime Minister Mario Monti's visit to the United States, as he urged the International Monetary Fund to be more lenient with Athens in bailout talks to prevent "a big potential explosion." | Video

Greece, IMF 09 Feb 2012

IMF must help avoid Greek "explosion": Italy's Monti

WASHINGTON - Greece's debt crisis on Thursday dominated the first day of Italian Prime Minister Mario Monti's visit to the United States, as he urged the International Monetary Fund to be more lenient with Athens in bailout talks to prevent "a big potential explosion."

Greece, IMF, 09 Feb 2012

Vodafone hit by weak southern Europe

LONDON - Vodafone, the world's largest mobile phone operator, missed quarterly revenue forecasts on Thursday as increasingly tough trading in Spain and Italy overshadowed solid performances in emerging markets and northern Europe.

Tech 09 Feb 2012

Euro zone ministers to meet on Greece without Italy's Monti

BRUSSELS - The finance ministers of Italy and Cyprus will not attend a euro zone meeting on Thursday, officials said ahead of the gathering called to examine a financial aid package for Greece, while the arrival of Austria's Maria Fekter also appeared unlikely.

Greece 09 Feb 2012

Global stocks inch up, euro near flat; Greece deal eyed

NEW YORK - World stocks edged higher and the euro ended flat on Wednesday as investors focused on whether the latest meeting of Greek political leaders will finally result in reforms to help the country avoid a messy default. | Video

08 Feb 2012
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Rockets hit Homs opposition as Arab ministers meet

AMMAN/BEIRUT - Sporadic rocket and gunfire broke a respite in Syrian government attacks on opposition-held districts of Homs city on Sunday as Arab League officials in Cairo discussed ways to halt the crackdown and shift President Bashar al-Assad from power. | Video