Italy
Draghi Asks Italian Banks to Reduce Dividends to Boost Their Capital Bank of Italy Governor Mario Draghi
asked the country’s banks to cut back on dividends and use their
earnings to shore up capital.
Europe Stocks Gain a Second Week as Greek Concerns Ease; Volkswagen Climbs European stocks rose for a second
week, sending the Stoxx Europe 600 Index to the highest level in
more than seven weeks, as concern eased that Greece will fail to
contain the region’s biggest budget deficit.
Marchionne Breaks With Hiring Strategy to Pick Soave for U.S. Fiat Return Sergio Marchionne’s hiring of
former Volkswagen AG executive Laura Soave to reintroduce the
Fiat brand in the U.S. breaks with the Chrysler Group LLC chief
executive officer’s strategy of promoting from within.
European Union Ministers Said to Discuss EU Bonds to Fund Any Greek Rescue European Union finance ministers
will discuss next week whether any Greek bailout should be
funded by EU bonds guaranteed by euro region governments, said
three people briefed on preparations for March 15-16 meetings.
Generali, Azimut May Buy Stakes of Under 2 Percent in Prysmian, Sole Says Assicurazioni Generali SpA may buy
a stake of less than 2 percent in Italian cable maker Prysmian
SpA, Il Sole 24 Ore reported, without saying where it go the
information.
Eni Plans to Return Refining to Profit in 2012, Raise Dividend From 2011 Eni SpA, Italy’s largest oil and
gas company, expects refining to return to profit from 2012
after boosting sales and efficiency. It forecast dividend growth
from 2011.
Italy Equity Preview: Azimut, Enel, Generali, Intesa, Bulgari, EEMS Italia The following companies may be
active in Italian trading. Stock symbols are in parentheses and
share prices are from the previous close.
Tremonti Tells Retailers Tax-System Overhaul May Come in Two, Three Years Italian Finance Minister Giulio
Tremonti said the government will overhaul its tax system in two
to three years, not sooner because of the country’s debt.
Italian Spending Won't Regain Pre-Slump Levels Until 2015, Retailers Say Consumer spending in Italy will
take as many as five years to return to the level enjoyed before
the economy entered the worst recession since World War II,
retailers lobby Confcommercio said.
ECB's Nowotny Sees `Debt Spiral' Threat Unless Governments Reduce Deficits European Central Bank council
member Ewald Nowotny said that some euro-region governments may
face a “debt spiral” if they don’t starting cutting their
budget deficits next year.
Vatican to Drop Statute of Limitations for Priests Accused of Molestation The Vatican’s chief prosecutor will
remove the statute of limitations for priests accused of child
molestation and said today it was “false and calumnious” to
accuse Pope Benedict XVI of a cover-up.
British Airways Chief Walsh Says He Won't Let Union `Ruin' the Airline British Airways Plc will not ground
its fleet because of strike threats and the Unite labor union
will not be allowed to "ruin" the company, Chief Executive Willie
Walsh wrote in the Daily Mail today.
Malaysian Opposition Leader Anwar Targets Ruling Party Stronghold in Johor Malaysia’s opposition leader Anwar
Ibrahim said he is targeting the ruling party stronghold of
Johor along with Sabah and Sarawak to boost support for his
three-party coalition before a general election that he expects
may come next year.
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