Some say the Euro is overvalued while others claim it is not. The founders of the Euro had dreamt of a superpower currency that can go head to head with the US dollar, to free Europe from US economic dependence.
Tags: Italy
Aeroflot rules out financial aid for Alitalia
State-controlled Russian airline Aeroflot told Reuters the company will neither buy nor financially aid Italian airline Alitalia despite being repeatedly named by Italian officials as a potential backer.
Generali buys minority stake in Generali Asia for EUR40 million
Italian life and non-life insurance company Generali bought a 40% stake in Generali Asia for EUR40 million. Generali Asia is a joint venture of Generali and Banca della Svizzera Italiana in Switzerland.
Apple to be investigated for tax fraud by state of Italy - source
Apple Inc was not a stranger to claims by foreign governments who insisted that the Cupertino, California-based company had used specific accounting practices in order to avoid paying hefty taxes.
Telecom Italia is selling off assets to raise funds
The assets it owns in Argentina as well as towers in Italy and Brazil are but some of the assets seeking Telecom Italia seeks to unload.
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The five year ban on holding public office for Silvio Berlusconi was upheld but reduced from five years to two years.
The International Monetary said Italy would need to make supply-side reforms to boost its growth. Italy's growth has been hampered with high debt, an unstable government, red tape and low 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. Local savers for the special BTP Italia sovereign bond continue to demand for the bond, showing appetite remains high and robust.
Engineering officials said MS Costa Concordia was successfully freed from rocks after it was aground 20 months ago.
