Italy
Italian Stocks Gain; Bulgari, Credem, Exor, Fiat, Safilo, UniCredit Move Italy’s benchmark FTSE MIB Index
gained 282.83, or 1.3 percent, to 22,205.28 in Milan. The gauge
fell 1.4 percent this week.
Almunia Named as EU's Competition Commissioner, Barnier to Oversee Finance Jose Barroso picked Spain’s Joaquin
Almunia to be the European Union’s antitrust chief and France’s
Michel Barnier to lead a push for tougher bank regulation on a
new team that will manage the EU’s $15 trillion economy as it
emerges from the recession.
UniCredit Says Bank's Dubai World Exposure Is `Not Material, Not Relevant' UniCredit SpA’s “exposure” to Dubai
World, the government investment company with $59 billion of
liabilities, is “not material and therefore not relevant,”
Italy’s biggest bank said in an e-mailed statement today.
Italy to Spend $596 Million to Support Fiat's Termini Imerese Car Factory Italy is setting aside 400 million
euros ($596 million) to sustain production at Fiat SpA’s car
factory at Termini Imerese, Industry Minister Claudio Scajola
said in a letter published in daily Il Giornale.
European Stocks Rise as Dubai Concern Eases; RBS, Volkswagen Lead Rebound European stocks advanced, rebounding
from the biggest drop in seven months for the Dow Jones Stoxx
600 Index, as concern over Dubai’s attempt to delay its debt
payments abated.
Italy's Antitrust Regulator Opens Probe of Banks, Cash Card Group Bancomat Italy’s Antitrust opened a probe
into the country’s banking association and managers of Italy’s
cash card network, or Bancomat, to examine their fees, it said
in a statement on its Web site today.
European Economic Confidence Climbs to Highest Level Since Lehman Collapse European confidence in the economic
outlook improved in November to the highest since the collapse
of Lehman Brothers Holdings Inc., suggesting the recovery in the
16-member euro region is gathering strength.
Mariella Burani Doesn't Rule Out Seeking Court Protection From Creditors Mariella Burani Fashion Group SpA
said in a statement late yesterday that it doesn’t rule out the
possibility of seeking protection from creditors.
Dubai Shows Limits of Government Bailouts for Markets, Roubini's Das Says The worldwide decline in equities
spurred by Dubai’s efforts to reschedule its debt is a sign that
government spending alone won’t be enough to protect financial
markets, according to Arnab Das of Roubini Global Economics.
Greenhouse-Gas Pledges by China, U.S. May Drive Climate Deal in Copenhagen Pledges by China and the U.S. to set
numerical targets for their greenhouse-gas emissions through
2020 may reignite stalled progress for a global climate
agreement at negotiations next month in Copenhagen.
Italy Is `Very Likely' to Boost Afghan Troop Levels, Defense Minister Says Italy will probably reinforce its
military presence in Afghanistan, Defense Minister Ignazio La
Russa said, as the U.S. presses its allies for more troops to
combat the Taliban.
Vatican Silence on Abuse Cases Is `Regrettable,' Dublin Bishop Walsh Says The Vatican’s failure to cooperate
with a panel investigating the sexual abuse of children by
priests in Ireland is “very regrettable,” said an auxiliary
Roman Catholic bishop of Dublin, Eamonn Walsh.
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