ROME - Italian lawmakers edged closer on Tuesday to approving a new electoral law seen as a test of new Prime Minister Matteo Renzi's ability to enact broad structural reforms needed to end government instability in Italy.
MILAN - Italian automaker Fiat paid Chief Executive Sergio Marchionne 3.6 million euros ($5 million) in cash last year, including a bonus and incentives, down from 4.5 million euros in 2012, the group's compensation report showed.
LONDON - Duferco, the world's biggest steel trader, said it will not bid for a key steelmaking complex owned by Italy's Lucchini because it can not commit to maintaining full employment and keeping the blast furnace running.
FRANKFURT - The European Central Bank (ECB) will press euro zone banks to revalue their assets and take a more realistic view on likely losses when it probes their balance sheets in the coming months, signaling a new, more aggressive era of banking supervision.
ROME - Italian lawmakers have put the brakes on a plan to fast-track a partial amnesty for tax dodgers with assets stashed abroad after they expressed concern the cost and bureaucracy could discourage people from owning up, a government official said on Tuesday.
ROME - Italian lawmakers rejected a bid on Monday to set minimum quotas for women in parliament under a new electoral law but are expected to pass the package as a whole, advancing Prime Minister Matteo Renzi's quest for wider economic reforms.
MILAN - UniCredit , Italy's largest bank by assets, is set to unveil plans to raise 2 billion euros ($2.8 billion) on the bond market to boost its capital and offset an expected sharp increase in writedowns on bad loans in the last quarter of 2013.
ROME - Italian cultural officials have threatened court action to stop an American arms manufacturer showing the revered Renaissance statue of Michelangelo's David holding a rifle in its advertising campaign.
MILAN - The European Securities and Markets Authority (ESMA) has raised doubts about whether Italian banks will be able to book gains in their 2013 results resulting from a hike in the value of stakes they hold in the Bank of Italy, newspapers said on Sunday.
PORCIA, Italy - The boxy white and grey factory of this rainy northern town makes fewer than half the washing machines it did when Italy joined the euro. It is one of the many symbols of Southern Europe's industrial decline.
KUALA LUMPUR - Malaysia's military believes a jetliner missing for almost four days turned and flew hundreds of kilometers to the west after it last made contact with civilian air traffic control off the country's east coast, a senior officer told Reuters on Tuesday. | Video
The criminal complaint against Ross William Ulbricht, known as "Dread Pirate Roberts."