The International Monetary said Italy would need to make supply-side reforms to boost its growth.
Alitalia, an almost bankrupt Italian firm, had received a lifeline last Friday after the company's board approved a capital increase, reported Reuters.
After its review under the Global Financial Stability Report study, Italy, Spain and Portugal stand to be financially distressed because of their exposure to possible loan defaults from corporations.
New Italian PM Enrico Letta seeks to block the intent of Air France-KLM to increase its shareholdings in Alitalia.
Vodafone Group Plc would appoint Aldo Bisio to be the company's new chief executive for Vodafone's Italian unit.
Telecom Italia, a company considered strategic in the Italian political spectrum, is undergoing a change in leadership.
Buoni del Tesoro Poliennali is the local name for bonds in Italy, which are still in demand.
Engineering officials said MS Costa Concordia was successfully freed from rocks after it was aground 20 months ago.
The Philippines' Department of Finance announced that it had begun to accept development proposals under the Philippines-Italy Debt for Development Swap Program.
Italy' economy minister assures the market that Italy has no policy to oppose foreign bids for domestic enterprises.
EU Competition Commissioner Jaoquin Almunia said that it would discuss a state bailout for Italian bank Monte dei Paschi di Siena with the country's Economy Minister on Saturday.
An Italian newspaper reported that the Italian government preferred the merger of Telecom Italia with Spain's Telefonica than have Naguid Sawiris acquire a stake in the firm.
Telecom Italia's chairman Franco Bernabe said that price was unsustainable and an alliance was likely to happen.
Salvatore Ferragamo SpA and Tod's SpA were expected to pursue growth through deals with LVMH and Gucci-owner Kering SA.
The absence of clear labor policies would prompt Fiat to move the production of Alfa Romeo outside of Italy.
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