Edition:
United States

Stefano Bernabei

Italy looks to issue Panda bond as Xi Jinping visits Rome

3:26am EDT

ROME, March 20 Italy is looking to build on its economic and commercial ties with China by becoming the first Group of Seven major industrialised nation to borrow in the Chinese $12 trillion bond market.

Italy to approve new bad loan guarantee scheme by Tuesday: sources

Mar 13 2019

ROME Italy will approve a decree in the next few days to renew a state-backed guarantee scheme designed to help banks offload bad loans, two sources close to the matter told Reuters on Wednesday.

Italian party proposes nationalising central bank for minimal cost

Feb 21 2019

ROME, Feb 21 Italy's far-right Brothers of Italy party has presented a bill in parliament calling for the nationalisation of the Bank of Italy, putting its value at a tiny fraction of its official share capital.

Italy to raise Telecom Italia stake, eyes single network

Feb 15 2019

ROME Italy's state lender CDP has decided to raise its stake in Telecom Italia, a move that could pave the way for a possible merger of the phone group's fixed line network with that of smaller rival Open Fiber.

French Alpine tunnel shown red signal by Italy's transport ministry

Feb 12 2019

ROME A planned Franco-Italian railway link is a waste of public money, Italy's transport ministry said on Tuesday in a report that will heighten tensions within the government and could further damage frayed ties with Paris.

Italy aims for high speed rail decision by May, no coalition split: minister

Jan 14 2019

ROME Italy aims to decide by the end of May whether to complete a high-speed rail link to France, Transport Minister Danilo Toninelli told Reuters, predicting agreement within the government on a plan that has divided its coalition parties.

Autostrade executives guilty of manslaughter in 2013 motorway accident, CEO acquitted

Jan 11 2019

MILAN/ROME Three managers at Autostrade per l'Italia, and three former managers, were found guilty of manslaughter on Friday over the deaths of 40 people in a 2013 accident on one of the company's motorways, while CEO Giovanni Castellucci was acquitted.

Italian bank Popolare di Bari to seek 500 million euros from investors - source

Jan 10 2019

MILAN/ROME Italy's Popolare di Bari will try to raise up to 500 million euros ($577 million) from investors to shore up its balance sheet, a source familiar with its thinking said.

UPDATE 1-Italian bank Popolare di Bari to seek $577 mln from investors -source

Jan 10 2019

MILAN/ROME, Jan 10 Italy's Popolare di Bari will try to raise up to 500 million euros ($577 million) from investors to shore up its balance sheet, a source familiar with its thinking said.

Italy offers state-backed options to shore up Carige

Jan 07 2019

ROME/MILAN The Italian government approved a decree aimed at shoring up troubled lender Banca Carige , offering it access to a series of state-support options including recapitalization.

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