Fiat Chrysler Automobiles (FCA) has decided it will appeal Italy’s tax authority statement which says that the carmaker had underestimated the value of its U.S. business after it bought Chrysler. As per a source close to the matter at hand,… Read More ›
Italian
U.S. escalates trade row with the EU: imposes 25% tariffs on alcohol products, Italian cheese, etc
These new tariffs are likely to significantly impact numerous U.S. small and medium sized family businesses which import these European goods into the United States. In a significant development that sees a further escalation of the U.S.-EU trade war, the… Read More ›
Intesa rulls out leading consortium for rescue effort for Carige
Intesa’s CEO has ruled out leading a rescue effort for Carige. On Wednesday, Intesa Sanpaolo’s Chief Executive Carlo Messina stated, it will not invest any more into an industry fund that could come to the rescue of struggling regional lender… Read More ›
ECB monitoring situation at Banca Carige following BlackRock’s pullout
On Thursday, BlackRock pulled out from a rescue effort citing exceesive risks among other reasons. Following BlackRock’s pullout from rescuing ailing Italian lender Banca Carige, the European Central Bank got in touch with special administrators who run the bank, said… Read More ›
Italy’s antitrust regulator launches probe into 5 amazon businesses
Italy’s antitrust body has launched a probe into Amazon Services Europe, Amazon Europe Core, Amazon EU, Amazon Italia Services and Amazon Italia Logistica. On Tuesday, in a significant development, Italy’s antitrust authority disclosed it has begun a probe into five… Read More ›
No certainty that Italy will join China’s “Belt and Road” vanity project
The European Union and the United States have raised concerns on China’s “Belt and Road” venture. On Monday, Italy’s Junior Minister Michele Geraci stated, reports that Italy will join China’s giant “Belt and Road” initiative only after satisfying itself of… Read More ›
Stopping work on high speed France-Italy rail line would cost Rome $3.36 billion
The 5-Star Movement, a coalition partner of Italy’s ruling party is fiercely opposed to the rail link. On Friday, Italy’s junior minister for infrastructure Armando Siri told Corriere della Sera, an Italian news daily that if work on the high-speed… Read More ›
Intesa Sanpaolo eyeing to sell $11 billion in impaired loans
Intesa Sanpaolo is Italy’s biggest retail bank. On Thursday, as per a source familiar with the matter at hand stated, Intesa Sanpaolo, Italy’s biggest retail bank, is holding talks with a unit of U.S. fund Davidson Kempner for selling $11… Read More ›
Italy commences discussions over GACS scheme renewal
Although risk premiums for the GACS scheme are pricey for the Italian government, but given its size of 100 billion euros, the Italian government is likely to be hard pressed on ways to significantly trim it no matter how complicated… Read More ›
Cost benefit analysis to strengthen Italy’s hand for a high-speed link between France-Italy
Given the political dynamics in Italy, the commission’s CBA could prove useful in deciding whether to complete the high-speed rail link between the two EU nations. On Monday, in an interview with Itlian news daily Il Corriere della Sera, Massimo… Read More ›