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European Union rules Italian bank rescue legal in blow to antitrust watchdog
Tue, Mar 19, 2019
After the dispute with Brussels over the rescue of Tercas, Italian authorities intervened to help four other small banks in 2015 and then saved larger Banca Monte dei Paschi di Siena and two smaller north-eastern Italian banks in 2017.
German Chancellor Angela Merkel tells Italy: euro zone rules must frame economic discussions
Mon, May 28, 2018
Commenting on the situation in Italy, the most heavily indebted country in the euro zone after Greece, Merkel said: "We should talk with every government but we have principles within the euro area and of course there will be difficult questions." Asked whether she was concerned by the situation in Italy, Merkel said during a conference in Berlin: "Look, when there were elections in Greece and Alexis Tsipras was made premier, there were many questions on the table."
Asian markets regain some ground as trade war fears moderate
Tue, Mar 06, 2018
Asian share regained some ground on Tuesday after U.S. President Donald Trump faced growing pressure from political allies to pull back from proposed steel and aluminum tariffs, easing investor worries about an imminent trade war.
India to leapfrog Italy to become 10th largest advertising market globally in 2017
Fri, Jun 16, 2017
While Italy has been the 10th largest ad market globally till 2016, India is expected to leapfrog it to move into the top 10 global ad markets.
India leads the growth in consumer sentiment around the world
Wed, May 31, 2017
One of the reasons for the consumer sentiment and the purchase of premium products is the e-commerce boom in India.
Italian court bans Uber cabs
Sat, Apr 08, 2017
If Uber does not comply it could face a fine of 10,000 euros for each day it remains in defiance of the court.
Apple grabs 31.3% phone sales in US, Android on the decline
Thu, Jan 12, 2017
Apple`s iPhone 7, iPhone 7 Plus and iPhone 6s were the three most popular smartphones in the US at the beginning of the three-month holiday period last year, making a combined share of 31.3%, media reported.
Iran capitalises on OPEC oil cut to sell millions of barrels: Sources
Fri, Jan 06, 2017
Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalising on an OPEC output cut deal from which it is exempted to regain market share and court new buyers, according to industry sources and data.
Italy's BMPS bank to go with private sector-led rescue
Mon, Dec 12, 2016
Italy`s troubled Banca Monte dei Paschi di Siena (BMPS) bank on Sunday announced it would go ahead with plans to seek a private sector-led rescue, narrowly avoiding the need to seek a government bailout.
Renzi to resign after referendum rout, leaving Italy in limbo
Tue, Dec 06, 2016
Italian Prime Minister Matteo Renzi announced on Monday that he would resign after suffering a resounding defeat in a referendum over constitutional reform, leaving the euro zone`s third-largest economy in political limbo.
Support for economic system 'under threat', says BoE's Mark Carney
Tue, Dec 06, 2016
Bank of England (BoE) governor Mark Carney on Monday warned the public was losing faith in the current economic system, urging economists to acknowledge those who have lost out from globalisation.
Asian stocks recover after Italy-fuelled sell-off
Tue, Dec 06, 2016
Asian stocks rallied while the euro held up and high-yielding currencies rebounded as investors rediscovered their desire for risk assets after the previous day`s losses fuelled by Italian uncertainty.
Indian equity indices open in red, after Italy votes 'No' on reform
Mon, Dec 05, 2016
The key Indian equity indices on Monday opened in the red following global concerns. The 30-scrip Sensitive Index (Sensex), was trading 47.06 points or 0.18 per cent lower soon after opening.
Euro skids, shares hit after Italy votes ''no'' on reform
Mon, Dec 05, 2016
The euro fell to a 20-month low on Monday and investors fled riskier assets after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilise the country`s shaky banking system.
RBI policy, macro data, global cues to dictate market trend this week
Sun, Dec 04, 2016
Outcome of the Reserve Bank of India's (RBI) monetary policy review, macroeconomic data and major global events would set the market tone this week, say experts.
Dollar steadies with bonds, oil anxious about OPEC
Tue, Nov 29, 2016
The US dollar took a breather on Tuesday as global bonds steadied from their recent rout, while equities flatlined as political risk resurfaced in Europe ahead of a referendum in Italy this weekend.
EU says Italy at risk of breaking budget rules
Wed, Nov 16, 2016
The European Commission said Wednesday that draft budgets from Italy and seven other eurozone countries risk breaking EU rules, setting up a row with Prime Minister Matteo Renzi ahead of a crucial referendum.
McDonald's sues Florence for $20 million over site refusal
Tue, Nov 08, 2016
Hard on the heels of stoking anger over plans to open a restaurant in the Vatican, McDonald's has filed a $20-million lawsuit against Florence for blocking a proposed outlet in the city's most revered square.
SUVs clock nearly 23% of global sales in 2015
Thu, Sep 08, 2016
Sports utility vehicles (SUVs) segment has become the fastest growing automotive vehicle in 2015 by clocking nearly 23% of light vehicle sales globally, according to a latest report.
Lamborghini sees worldwide sales doubling by 2019 after SUV launch
Wed, Aug 24, 2016
Luxury automaker Lamborghini expects to at least double production to 7,000 vehicles a year by 2019 once it rolls out a new sports utility vehicle (SUV), but it will not lose its focus on making sports cars, Chief Executive Officer Stefano Domenicali said on Tuesday.