Italy Industrial Production Falls Most In 4 Months

Italy’s industrial production decreased at the fastest pace in four months in November and the fall was worse than expected, preliminary data from the statistical office ISTAT showed on Friday. Industrial production fell a seasonally adjusted 1.6 percent in November, after a 0.1 percent drop in October. Economists had expected a 0.3 percent decline. The latest decrease was the biggest […]

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Eurozone Manufacturing Growth Weakest Since Early 2016

Eurozone manufacturing expanded at the weakest pace since early 2016 in December as new orders fell for a third month and business confidence eroded to a six-year low, results of the survey by IHS Markit confirmed on Wednesday. The final Eurozone Manufacturing Purchasing Managers’ Index, or PMI, was 51.4, unchanged from the flash, but lower than November’s 51.8. A PMI […]

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Italy’s Populists Pass Budget After Weeks of Market Turmoil

Italy’s populist government won final parliamentary approval for its 2019 budget, barely meeting a year-end deadline after limiting discussion of the spending plans in the wake of a weeks-long clash with the European Union. Lawmakers in the lower house voted 313 in favor and 70 against the budget, which had already been approved by the Senate. The approval came on […]

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With Fed expected to slow rate hikes, markets raise stakes for Europe's next move 

With the Fed’s rate hiking expectations recently tamped down, markets turn their focus Thursday to the European Central Bank, which is expected to reaffirm the end of its easy money, asset buying program. But with worries about Italy’s budget, the violent reaction to austerity in France, and the seemingly unanswerable questions about the U.K.’s exit from the EU, investors will […]

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Italy lowers deficit in revised budget to avoid EU sanctions

European Commission President Jean-Claude Juncker, right, greets Italian Prime Minister Giuseppe Conte prior to a meeting at EU headquarters in Brussels, Wednesday, Dec. 12, 2018. (Francisco Seco) Italy lowered its proposed deficit to just over 2 percent of GDP in a revised budget submitted Wednesday to the EU Commission in a bid to avoid costly sanctions. Continue Reading Below Premier […]

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UPDATE 2-Italian bonds, stocks rally hard on report Rome to suggest 2 pct deficit target

(Updates prices) By Dhara Ranasinghe and Danilo Masoni LONDON/MILAN, Dec 12 (Reuters) – Italian government bonds, stocks and the euro rallied on Wednesday after a report that Italy is to propose a budget deficit target of 2 percent – well below the previous target of 2.4 percent. According to a report from Bloomberg News, Italian Prime Minister Giuseppe Conte is […]

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Surging in the polls, Italy's Salvini stages mass Rome rally

ROME (Reuters) – Italian Deputy Prime Minister Matteo Salvini filled one of Rome’s main squares with tens of thousands of flag-waving supporters on Saturday in a rally that underscored the growing predominance of his rightist League party. Locked in battle with Brussels over the government’s budget plans, Salvini told the cheering crowds he would honor promises to boost state spending, […]

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Italy is in a honeymoon period that will end in 2-3 months, former prime minister warns

At the same time, the opposition parties, including the liberal Partido Democratico, have struggled to fight rising populist sentiment. taly has the second highest debt pile in Europe and one of the largest in the world at 130 percent of debt to gross domestic product (GDP). The anti-establishment government in Rome is going through a “honeymoon” phase, with rising popularity, […]

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Italy: Business leaders engage in rare govt policy protest

Some 3,000 Italian business leaders from mainly small and medium-sized firms protested Monday in the northern city of Turin to pressure the government to invest in infrastructure and come up with clear plans for promoting economic growth. The protest organized by Italian business lobby Confindustria and 11 smaller groups also was meant to push the government to reach a deal […]

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