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Italian Prime Minister Matteo Renzi

Thousands march through Rome against Renzi's labor reform

Tens of thousands of workers marched through the center of Rome on Saturday against Prime Minister Matteo Renzi's reform of the labor market, headed by a popular union chief who is seen by many as a possible future leader of Italy's left.

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Apple Inc.

Italy prosecutors wrap up tax probe into Apple

Italian prosecutors have wrapped up an investigation into allegations U.S. tech giant Apple (AAPL.O) failed to pay corporate taxes to the tune of 879 million euros ($964 million), two sources said on Monday.

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China National Chemical Corporation

ChemChina to buy Italian tire maker Pirelli in $7.7 billion deal

China National Chemical Corp (ChemChina) is to buy Pirelli (PECI.MI), the world's fifth-largest tire maker, in a 7.1 billion euro ($7.7 billion) deal that will place one of the symbols of Italy's manufacturing industry in Chinese hands.

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China

U.S. urges allies to think twice before joining China-led bank

The United States has urged countries to think twice before signing up to a new China-led Asian development bank that Washington sees as a rival to the World Bank, after Germany, France and Italy followed Britain in saying they would join.

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World Bank

Defying U.S., European allies say they'll join China-led bank

Germany, France and Italy said on Tuesday they had agreed to join a new China-led Asian investment bank after close ally Britain defied U.S. pressure to become a founder member of a venture seen in Washington as a rival to the World Bank.

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Berlin

No more Blue Banana, Europe's industrial heart moves east

Once depicted as a "Blue Banana" stretching from Manchester to Milan, Europe's industrial heartland has moved eastwards just as its political center of gravity has shifted to Germany.

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Greek Prime Minister Alexis Tsipras (R) and Yanis Varoufakis

Greece's Varoufakis says QE to fuel unsustainable equity rally

The European Central Bank's bond purchases will create an unsustainable stock market rally and are unlikely to boost euro zone investments, Greek Finance Minister Yanis Varoufakis warned on Saturday.

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Job Fair

For investors, a new game plan after U.S. jobs report

A blowout jobs report has changed the calculus for investors for what the Federal Reserve might do in coming months, resetting expectations for how markets might behave if the U.S. economy continues to strengthen even as global growth lags.

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Greek Finance Minister Yanis Varoufakis and German Finance Minister Wolfgang Schaeuble (L)

Isolated Greece wants no more bailout money with strings

Greece's new leftist-led government, isolated in the euro zone and under pressure from the European Central Bank, said on Friday it wanted no more bailout money with strings attached from the European Union and International Monetary Fund.

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National Bank of Greece

Greek banks hit after ECB snub, Athens rejects 'blackmail'

Greek borrowing costs leapt and bank shares were hit hard on Thursday after the European Central Bank abruptly pulled the plug on its funding for the country's financial sector in what Athens labelled an act of coercion.

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Greece Flag

Greek PM Tsipras freezes privatisations, markets tumble

Leftist Greek Prime Minister Alexis Tsipras threw down an open challenge to international creditors on Wednesday by halting privatisation plans agreed under the country's bailout deal, prompting a third day of heavy losses on financial markets.

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Mario Draghi

Italy cheers ECB bond buying plan, sees big boost to economy

The European Central Bank's bond buying program will give a decisive boost to Italy's stagnant economy, business lobby Confindustria said on Saturday, while the Bank of Italy said it would make it easier to pass reforms.

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European Central Bank

Looking to the ECB to move the dial

After a head-spinning bout of volatility, next week will be dominated by one question: Will the European Central Bank take the ultimate policy leap or pull its punches?

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E.ON SE

E.ON sells most of Italian business to Czech-based EPH

Germany's largest utility E.ON AG has agreed to sell its Italian gas- and coal-fired power plants to Czech energy company EPH, ridding itself of unwanted assets from an acquisition spree in 2007.

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Factory workers

Unemployment at record low in Germany, record high in Italy

Germany's unemployment rate dropped to a record low of 6.5 percent in December while Italy's pushed up to a new high of 13.4 percent, underscoring the vast differences within the struggling euro zone economy.

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