CashNews.co By Gavin Jones ROME (Reuters) – Italian business and consumer confidence both dropped unexpectedly in October, data showed on Friday, with a multi-year low in sentiment among companies casting a shadow over growth prospects for the euro zone’s third-largest economy. National statistics institute ISTAT’s composite business morale index, combining surveys of the manufacturing, retail, […]
CashNews.co The startups get 1-to-1 pitching sessions with investors, amongst others. Singapore and Italy have kicked off the Global Startup Program Demo Day at the Marina Bay Cruise Centre. The Italian Trade Agency (ITA) organized the event in collaboration with Singaporean pre-seed investor Tenity Singapore. This is the third time that Singapore is participating in […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. An Italian tomato sauce magnate has urged Brussels to protect farmers from the “unfair” competition posed by cheap paste made in China’s Xinjiang region and restore the “dignity” of Italy’s staple red fruit. Francesco […]
CashNews.co Italian insurance and finance group SACE announced on October 24 that it had signed an MoU with the State Capital Investment Corporation (SCIC). SACE and SCIC have signed an MoU to strengthen cooperation between Italy and Vietnam. Source: SACE The signing took place during a Vietnamese delegation’s visit to Italy led by Nguyen Canh […]
CashNews.co MILAN (Reuters) – Italian energy contractor Saipem on Wednesday raised its full-year guidance and confirmed its plan to resume dividend payments next year, after beating expectations for third-quarter results. The group reported adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of 340 million euros ($366 million) between July and September, above an analyst […]
CashNews.co Prime Minister Giorgia Meloni is set to get a boost to her national budget thanks to the country’s financial sector. Italy’s tax inflows will be uplifted by €4 billion ($4.3 billion) in the next two years mostly through the postponement of tax deductions on banks, according to a government budget document obtained by Bloomberg. […]
CashNews.co (Reuters) – The European Central Bank should evaluate any deal between Italian lender UniCredit and Germany’s Commerzbank purely based on the solidity of the resulting bank rather than national interests, ECB policymaker and Governor of the Bank of Italy Fabio Panetta said on Wednesday. UniCredit is pressing for a tie-up with Commerzbank that has […]
CashNews.co Telecom Italia said Italy’s finance police had carried out searches on Wednesday morning in the office of one of its managers as part of an investigation into alleged corruption between individuals. The group added it was working with investigators and to determine whether the company had been damaged as a result of the alleged […]
CashNews.co (Bloomberg) — France and Italy will fail to bring their budget deficits down to the European Union’s 3%-of-output ceiling even by 2029, according to projections from the International Monetary Fund. Most Read from Bloomberg Gross debt in both countries will keep rising every year on that horizon as a result, Washington-based officials predicted in […]
CashNews.co ROME (Reuters) – Italian banks will temporarily face higher taxes on profits as the government intends to force lenders to spread tax deductions stemming from past losses for up to four years, Rome’s 2025 budget showed on Wednesday. The move is expected to result in a contribution from banks to Italy’s strained state finances […]