If the European Central Bank really wants to kick-start the euro zone economy, it should ensure the bloc's banks are up to the task of lending.
Tags: Italy
E.ON, Macquarie in exclusive talks over Spanish ops
Germany's top utility E.ON SE (EONGn.DE) has entered exclusive talks to sell its Spanish activities to Australian infrastructure investor Macquarie Group Ltd (MQG.AX), four sources familiar with the matter told Reuters on Wednesday.
ECB warned euro zone inflation, growth to be lower than expected
A large group of professional forecasters cut their outlook for euro zone inflation and growth, underlining a trend that could prompt the European Central Bank to take more policy action to kick-start the region's flagging economy.
Monte Paschi unions say EU pushing for merger
Labor unions at Italy's Monte dei Paschi di Siena (BMPS.MI) on Thursday urged the Italian government to resist what they said was pressure from the European Union for the bank to merge with another group.
Italy's Enel targets $3.8 billion with Endesa flotation
Italian utility Enel (ENEI.MI) could raise 3.1 billion euros ($3.8 billion) with the flotation of up to 22 percent of its Spanish subsidiary Endesa (ELE.MC) on the stock market, according to the prospectus lodged with regulators on Thursday.
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Rome's opera house has sacked nearly 200 members of its permanent orchestra and chorus as Italy's worst economic crisis for decades chokes state spending on the arts.
Facing rumors that he could face pressure to quit, Italian Prime Minister Matteo Renzi hit back on Sunday against criticism from business leaders and dared his opponents to challenge him in parliament.
Agreeing on the best way to end mobile roaming charges in Europe is proving a difficult task among EU member states who are keen to deliver on their commitment to consumers but unsure of how to go about it.
Global Cash Access Holdings Inc (GCA.N), which provides cash services to casinos, said it would buy slot machine maker Multimedia Games Holding Co Inc (MGAM.O) for about $1.2 billion to strengthen its gaming business.
French media company Vivendi (VIV.PA) picked Telefonica (TEF.MC) for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia (TLIT.MI).
Paris-l’hospital, France-based car rental startup Drivy secured $8.3 million (€6 million) in a new funding round with Index Ventures and Alven Capital as lead investors to fuel its expansion in Europe.
DollarPhotoClub announced yesterday their plans to move into 13 new markets like Italy and Poland with over 11,000 subscribers.
Milan, Italy-based mobile app development platform AppsBuilder bagged $1.5 million in a funding round from United Ventures to consolidate its businesses in the UK and the US.
American rap superstar Kanye West is buying 10 Burger King outlets across the UK, France, and Italy for an undisclosed amount as a wedding present for fiancee Kim Kardashian.
