Italy
Intesa Posts Fourth-Quarter Profit on Gains From Asset Sales, Shares Fall Shares in Intesa Sanpaolo SpA fell
after Italy’s second-largest bank posted a fourth-quarter profit
based on one-time asset sales of more than half a billion euros.
Italian Benchmark Stocks Fall in Milan; Atlantia, Eni, Saipem Are Active Italy’s benchmark FTSE MIB Index
dropped 97.85, or 0.4 percent, to 22,687.30 in Milan, up 0.5
percent this week.
Enel to Seek Banks This Month to Advise on Green Power IPO, CEO Conti Says Enel SpA plans to seek banks this
month to advise on the initial public offering of its renewable
energy unit, likely to be Europe’s largest since 2007.
Italy Passes $400 Million Incentive Package for Appliances, Motor Scooters Italy approved incentives worth 300
million euros ($407 million) that will benefit makers of energy-
efficient appliances and low-polluting scooters as well as
Internet providers, Industry Minister Claudio Scajola said.
European Stocks Decline as India Raises Rates; Miners Drop, Lloyds Gains European stocks declined after
India’s central bank unexpectedly lifted interest rates,
increasing speculation that withdrawal of economic stimulus
measures may hamper global growth.
Italian Advertisers Forecast Spending May Increase 3% as Economy Rebounds Italy’s Advertisers’ Association,
or UPA, forecast ad sales in the country will rise between 2
percent and 3 percent this year as the economy emerges from
recession, President Lorenzo Sassoli de Bianchi said.
Allianz, Corio May Buy Italy's Biggest Mall Porta di Roma for $582 Million Allianz SE and Corio NV are in
talks to acquire Italy’s largest shopping center for about 430
million euros ($582 million), according to three people with
knowledge of the transaction.
Sarkozy Opposes IMF Loan to Greece, Widening Rift With Germany Over Rescue President Nicolas Sarkozy opposes
Germany’s push for an International Monetary Fund loan to
Greece, pitting the euro area’s biggest members against one
another over a rescue plan.
UniCredit Is Seeking to Join Russia's New Post Bank, Kommersant Reports UniCredit SpA and six other banks
applied to help Russia create a bank based on its postal
system, Kommersant reported, citing unidentified people
familiar with the matter.
Bank of Moscow, Russian Standard Bank, Nomos Bank, Home
Credit & Finance Bank and Rus-Bank also applied to be the
partner of VEB, Russia’s development bank, in the project, the
Moscow-based newspaper said today.
British Airways Flight Attendants Strike in Bid to Halt Pay, Staffing Cuts British Airways Plc’s 12,000 cabin
crew began a three-day strike to force Chief Executive Officer
Willie Walsh to drop cuts to pay and staffing levels.
Berlusconi, Facing Fresh Probe, Says Magistrates Are Threat to Democracy Italian Prime Minister Silvio
Berlusconi said that judges and prosecutors are a threat to
democracy after a probe alleging he abused his office and
threatened a public official was made public earlier this week.
German Government Split on Greece Aid as Merkel Opposes Schaeuble on IMF The German government is split over
aid for Greece, with Chancellor Angela Merkel leaving the door
open to an International Monetary Fund solution against the
wishes of her own finance minister.
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