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Prime Minister Enrico Letta of Italy

Italy needs supply-side reforms to fuel growth- IMF

The International Monetary said Italy would need to make supply-side reforms to boost its growth.

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Alitalia

Near-bankrupt Alitalia gets lifeline from investors

Alitalia, an almost bankrupt Italian firm, had received a lifeline last Friday after the company's board approved a capital increase, reported Reuters.

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IMF

IMF warns of banking defaults in three EU countries

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.

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Alitalia

New Italian PM seeks aid of state owned railway for investment in Alitalia

New Italian PM Enrico Letta seeks to block the intent of Air France-KLM to increase its shareholdings in Alitalia.

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Vodafone

Vodafone Italy to name new CEO

Vodafone Group Plc would appoint Aldo Bisio to be the company's new chief executive for Vodafone's Italian unit.

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Telecom Italia

Telecom Italia CEO issue reflection of Italian political upheavals

Telecom Italia, a company considered strategic in the Italian political spectrum, is undergoing a change in leadership.

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Italy

Demand for BTP bonds still remain high

Buoni del Tesoro Poliennali is the local name for bonds in Italy, which are still in demand.

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Costa Concordia

MS Costa Concordia successfully freed from rocks

Engineering officials said MS Costa Concordia was successfully freed from rocks after it was aground 20 months ago.

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Philippines

Philippine regulator accepts development project proposals under Italy's development program

The Philippines' Department of Finance announced that it had begun to accept development proposals under the Philippines-Italy Debt for Development Swap Program.

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Fabrizio Saccomanni

Italy assures public no opposition to foreign takeovers

Italy' economy minister assures the market that Italy has no policy to oppose foreign bids for domestic enterprises.

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Almunia

Source: EU Competition Commissioner to discuss Monte Paschi bailout with Italian minister

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.

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Naguib Sawiris

Italian government prefers Telefonica than Sawiris for Telecom Italia- newspaper

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.

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Telecom Italia

Telecom Italia chairman says price war is unsustainable

Telecom Italia's chairman Franco Bernabe said that price was unsustainable and an alliance was likely to happen.

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Salvatore Ferragamo SpA

Ferragamo considered as luxury target after US$2.6 billion Loro Piana deal

Salvatore Ferragamo SpA and Tod's SpA were expected to pursue growth through deals with LVMH and Gucci-owner Kering SA.

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Fiat Alfa Romeo

CEO says Fiat might move Alfa Romeo production out of Italy

The absence of clear labor policies would prompt Fiat to move the production of Alfa Romeo outside of Italy.

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