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Economy 06 Oct 2018 | 11:11 AM

EU concerned by Italy's budget deficits for next three years

BRUSSELS: The European Commission is concerned about the budget deficits planned by Italy for the next three years which it said contravene what European Union finance ministers asked Rome to do in July.

Economy 08 Apr 2013 | 12:00 AM

Italy to pay 40 billion euros of state debt

ROME: Italy’s caretaker government said it would pay 40 billion euros that the state owes to private companies over the next 12 months, while vowing to stick within the European Union’s deficit limit.

Corporate News 18 Oct 2016 | 12:00 AM

Will Italy leave the EU?

WILL Italy follow the UK's example and leave the European Union? Far-fetched as it may seem, capital flows suggest that some people aren’t waiting to find out.

Business 26 Feb 2013 | 12:00 AM

Italy stocks, bonds dive as vote reignites euro fears

MILAN: Italian stocks and government bonds fell sharply on Tuesday, after inconclusive elections left Italy facing political deadlock and rekindled fears of a new euro zone debt crisis.

Business 13 Mar 2013 | 12:00 AM

Italy three-year debt cost at 2013 high after downgrade

MILAN: Italy's three-year borrowing costs rose to their highest since December on Wednesday after Fitch cut its credit rating last week, but the country also managed to sell the top planned amount of a new 15-year bond.

Business 26 Apr 2013 | 12:00 AM

OECD: Italy should ask for more room on deficit

MILAN: Italy is now in a position to ask the European Union to ease up on the country’s deficit target, according to Pier Carlo Padoan, chief economist at the Organisation for Economic Cooperation and Development (OECD).

Banking 01 Jun 2018 | 12:00 AM

What could spur the ECB into action in Italy?

FRANKFURT: Italy is engulfed in political and financial turmoil of a kind not seen since the eurozone’s debt crisis at the start of the decade.

Markets 31 May 2018 | 1:27 AM

Asia stocks bounce, euro pulls off lows as Italy anxiety ebbs

TOKYO: Asian stocks rebounded from a two-month trough on Thursday, while the euro enjoyed a respite after sinking to its lowest in 10 months as political turmoil in Italy that had roiled global financial markets showed signs of easing.

Business 27 Feb 2013 | 12:00 AM

Asian shares recover after Bernanke reassures, Italy weighs

TOKYO: Asian shares rebounded on Wednesday, tracking U.S. stocks higher as the Federal Reserve Bank reassured markets of its commitment to strong monetary stimulus, but investors remained wary of political gridlock in Italy reigniting the euro zone financial crisis.

Economy 03 Jan 2019 | 12:00 AM

Italy manufacturing shrinks again as nation nears recession

FRANKFURT: Italy’s manufacturing sector shrank for a third straight month in the latest sign that Europe’s third-largest economy is on the brink of another recession.