CashNews.co (Reuters) -The Italian Treasury on Friday denied drafting an emergency decree to counter UniCredit’s takeover bid for smaller rival Banco BPM after the Financial Times reported Rome was considering this option. On Monday, UniCredit announced an unsolicited 10 billion euro ($10.6 billion) takeover offer for BPM, which the target bank has since rejected. It […]
CashNews.co MILAN (Reuters) -French digital payments company Worldline on Friday said its services were returning to normal after gas roadworks accidentally damaged its network connection to its data centres in Italy, causing disruptions for customers. The issues occurred amid the busy Black Friday shopping season, leading Italian business group Fipe-Confcommercio to express “strong concern”. Worldline’s […]
CashNews.co Published : 4 hours agoon 29/11/2024 MILAN (Reuters) – French digital payments company Worldline on Friday said gas roadworks accidentally damaged its network connection to its data centres in Italy, disrupting services for customers that have yet to be resolved. The disruption occurred amid the busy Black Friday shopping season. Worldline said in a […]
CashNews.co By Giuseppe Fonte, Elvira Pollina and Elisa Anzolin ROME/MILAN (Reuters) – Italy will postpone until next year the sale of up to a 14% stake in postal service Poste Italiane which was originally expected by early December, three people familiar with the matter told Reuters on Friday. State-controlled Poste said last month the approval […]
CashNews.co MILAN (AP) — Thousands of teachers, health care workers, trash collectors and others walked off their jobs across Italy on Friday to protest a decline in spending power, persistently low salaries and government policies they say have weakened public services. Italy’s most powerful trade unions called the eight-hour strike and mobilized marches in cities […]
CashNews.co STORY: Italy’s UniCredit on Monday (November 25) launched a surprise $11 billion all-share offer for rival Banco BPM. That’s while it pursues a contentious deal for Germany’s Commerzbank. The proposal offers 0.5% premium for Banco BPM shareholders, valuing shares at 6.67 euros each. It’s not the first time UniCredit has set its sights on […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European politicians pay lip service to the need to consolidate the continent’s fragmented banking sector. Faced with actual or potential bids — mostly emanating from ambitious Italian lender UniCredit — their instincts run in […]
CashNews.co Published : 4 hours agoon 27/11/2024 BRUSSELS (Reuters) – The European Commission said on Tuesday it had given a positive, preliminary assessment to Italy’s latest request for aid payments from the European Union, seen as key to boosting the sluggish performance of the euro zone’s third largest economy. “Today, the Commission has endorsed a […]
CashNews.co Published : 9 hours agoon 26/11/2024 By Angelo Amante and Giuseppe Fonte ROME (Reuters) – Italy’s co-ruling League party said on Tuesday it was drawing up a bill to boost politicians’ powers to name senior central bank policymakers, reforming the current system by which appointments are largely made mainly internally. “Parliamentary involvement is imperative […]
CashNews.co BRUSSELS (Reuters) – The European Commission said on Tuesday it had given a positive, preliminary assessment to Italy’s latest request for aid payments from the European Union, seen as key to boosting the sluggish performance of the euro zone’s third largest economy. “Today, the Commission has endorsed a positive preliminary assessment of Italy’s sixth […]