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The reason why Italy may not nationalise Autostrade
LONDON: Italy’s sovereign debt may swell by as much as €9.4bil (US$10.8bil) if the government goes ahead with plans to nationalise the toll roads run by Atlantia SpA’s unit Autostrade per l’Italia SpA.
Markets swing violently against Italy
LONDON: Speculators convinced the eurozone faces fresh instability have zeroed in on Italy’s constitutional reform referendum on Sunday, amassing huge bets on a slump in Italian banks and bonds should Prime Minister Matteo Renzi lose the vote.
Yen holds gains as euro suffers on Italy uncertainty
SYDNEY: The yen held near one-month highs on Wednesday, remaining susceptible to bursts of short-covering as political uncertainty in Italy kept the euro under the gun.
Google pays 1mil euro fine in Italy over StreetView concerns
MILAN: Google has paid a 1 million euro (843.3 thousand pounds) fine imposed by Italy's data protection watchdog over complaints that cars it used to record images on Italian streets in 2010 were not clearly recognisable, the regulator said on Thursday
Euro sags to near seven-week low vs. dollar after messy Italy vote
TOKYO: The euro skidded close to a seven-week low against the dollar while the yen kept some distance from multi-month lows on Tuesday as the specter of political gridlock in Italy spurred traders to seek refuge in the U.S. and Japanese currencies.
Shares, euro rebound, Italy bond sale in focus
LONDON: Reassurance from the U.S. Federal Reserve about its stimulus program helped stabilize the euro and European shares on Wednesday, as Italy prepared to test the reaction to its inconclusive election in the bond market.
Moody’s: Italy may still eventually need bailout
MILAN: Rating agency Moody’s believes that Italy may still eventually need to seek a bailout despite forming a new government and avoiding immediate crisis.
Italy says banks should be given reasonable time to sell bad loans
VALLETTA: Italy’s finance minister said banks should be allowed to offload their bad loans in a “reasonable” time, urging the European Central Bank (ECB) to be cautious in its push to clear banks’ balance sheets of soured credit.
Italy reaches bank bad-debt deal with EU at market prices
BRUSSELS: The Italian government and the European Commission (EC) agreed on a plan to help banks offload bad debt in a deal that won’t count as state aid because Italy’s backing will be priced at market rates.
Italy Q2 growth down 0.3%
ROME: Italy has downgraded its estimate for growth in the second quarter, saying the economy shrank by 0.3% in April to June instead of 0.2% initially calculated.