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Gucci owner Kering close to settling Italian tax case for 1.3-1.4 billion euros: sources

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MILAN French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters on Thursday.

U.S. judge suspends Blackstone lawsuit against Italy's RCS over Milan HQ

MILAN A New York judge has put on hold a lawsuit by U.S. private equity firm Blackstone Group LP against Italian publisher RCS Mediagroup over the disputed sale of real estate assets, pending the outcome of an arbitration in Italy.

Apr 24 2019

Italian cabinet infighting overshadows growth plan

ROME Italy's government approved an economic growth plan in the early hours of Wednesday after a bad-tempered cabinet meeting that exposed divisions in the ruling coalition and fuelled speculation about a government collapse.

World, Apr 24 2019

Italy coalition fights over corruption probe as markets fret

ROME Italian coalition feuding intensified on Tuesday, with the ruling parties at loggerheads over a junior minister embroiled in a corruption scandal as markets began pricing in a possible government collapse.

World, Apr 23 2019

Exclusive: British Telecom's Italian job had London roots, say investigators

MILAN A criminal investigation into accounting fraud inside British Telecom's Italian unit has uncovered more evidence of what prosecutors say was the involvement of senior executives in artificially inflating the division’s financial performance.

Campaign Finance Apr 23 2019

Timeline: BT bosses in spotlight in Italian accounting scandal

MILAN A criminal investigation into accounting fraud inside British Telecom's Italian unit has uncovered more evidence of what prosecutors say was the involvement of senior executives in artificially inflating the division’s financial performance.

Apr 23 2019

Will the Benettons use Alitalia to fly in from the cold?

MILAN/ROME Italian transport group Atlantia could join a rescue of loss-making flag carrier Alitalia to try to win favor with the government and secure the future of its own domestic business following a deadly bridge collapse last year, sources said.

Apr 19 2019

Feuding within Italian coalition intensifies amid recriminations

ROME Italy's coalition partners clashed angrily on Friday over mutual allegations of corruption, with relations between the League and 5-Star Movement at their lowest ebb since they formed a government last May.

World, Apr 19 2019

BlackRock's plan for Italy's Carige sees higher cash call: sources

ROME/MILAN Troubled Italian bank Carige could need a larger-than-expected cash injection of at least 700 million euros ($791 mln) under a rescue plan put forward by U.S. asset manager BlackRock, two sources familiar with the matter said.

Apr 18 2019

Investigation into League official opens rift in Italian government

ROME An investigation into corruption allegations against a junior minister from the far-right League prompted fresh conflict on Thursday within Italy's already troubled government.

World, Apr 18 2019
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Sri Lankan police hunt 140 people after Easter bombings

COLOMBO Sri Lankan police are trying to track down 140 people believed linked to Islamic State, which claimed responsibility for the Easter Sunday suicide bombings of churches and hotels that killed 253 people, President Maithripala Sirisena said on Friday. | Video