S&P; cuts ratings of 15 Italian banks
August 4th, 2012 - 3:22 pm ICT by IANS
New York, Aug 4 (IANS) Standard & Poor's Ratings Services has cut the ratings for 15 Italian banks, citing a potentially deeper and more prolonged recession in Italy than originally ... Read more...
Posted in Business |
Italy’s public debt rises to record high
July 17th, 2012 - 3:13 pm ICT by IANS
Rome, July 17 (IANS) Italy's public debt hit a record high in May despite Rome's recent efforts to ease the overstretched finances, showed a central bank report.The national debt stood ... Read more...
Posted in Uncategorized |
High inflation smothers salaries in Italy
April 25th, 2012 - 4:23 pm ICT by IANS
Rome, April 25 (IANS/AKI) Salaries in Italy have touched their lowest in real terms in almost 17 years, according to fresh data.Real incomes in March rose 1.2 percent over a ... Read more...
Posted in Business |
`Italy’s economy to grow again in 2013′
April 19th, 2012 - 1:20 pm ICT by IANS
Rome, April 19 (IANS) Italian Prime Minister Mario Monti has said the country's economy will contract by 1.2 percent this year before returning to modest growth in 2013."Stimulating growth within ... Read more...
Posted in Business |
Unemployment hits 8-year high in Italy
March 2nd, 2012 - 5:04 pm ICT by IANS
Rome, March 2 (IANS/AKI) Italian unemployment in January rose to an eight-year high of 9.2 percent as the euro zone's third-biggest economy implements economic and labour reforms amid a recession.January ... Read more...
Posted in Business |
Italian economy contracts in Q3
December 22nd, 2011 - 1:39 pm ICT by IANS
Rome, Dec 22 (IANS) Italy's GDP in the third quarter of 2011 dropped by 0.2 percent from the second quarter, marking the first contraction for almost two years, said the ... Read more...
Posted in Business |
Cost-cutting measures fall short: Italy’s central bank chief
October 13th, 2011 - 11:57 am ICT by IANS
Rome, Oct 13 (IANS/AKI) Italy's recent efforts to put its public finances on a healthier footing are falling short, according to the head of the Bank of Italy, Mario Draghi."The ... Read more...
Posted in Business |
Berlusconi skips tax fraud hearing
September 27th, 2011 - 12:34 am ICT by IANS
Milan, Sep 26 (IANS/AKI) Silvio Berlusconi's tax fraud trial involving his media empire was adjourned Monday till Oct 5 after the Italian prime minister and several defence witnesses skipped the ... Read more...
Posted in Uncategorized |
One in four Italians face poverty due to recession
May 24th, 2011 - 11:37 am ICT by IANS
Rome, May 24 (IANS/AKI) One in four Italians currently face poverty as a result of the global financial crisis and their country's chronically low growth, the national statistics institute Isat ... Read more...
Posted in Business |
Italian industrial output falls for second consecutive month
December 18th, 2010 - 12:23 pm ICT by IANS
Rome, Dec 18 (IANS/AKI) Italy's industrial output fell in October for the second consecutive month, signalling that the country's export-led economy is having difficulty emerging from last year's deep recession. Production fell ... Read more...
Posted in Business |
Employment crisis likely to worsen in Italy
September 16th, 2010 - 9:16 pm ICT by IANS
Rome, Sep 16 (IANS/AKI) The Italian economy, Europe's fourth largest, may shed 30,000 jobs between June and the end of December this year, a report has said.
The job losses would add to ... Read more...
Posted in Business |
Italy’s unemployment rate drops
August 31st, 2010 - 9:32 pm ICT by IANS
Luxembourg, Aug 31 (IANS/AKI) Italy's unemployment rate fell to 8.4 percent in July as the country's fragile economic recovery picked up steam, European statistics agency EUROSTAT said Tuesday.
The rate of unemployment in ... Read more...
Posted in Business |
Fake goods cost Italian economy $23 bn a year
July 8th, 2010 - 6:19 pm ICT by IANS
Rome, July 8 (IANS/AKI) Counterfeiting of Italian luxury merchandise like Gucci bags cost Italy's economy over 18 billion euros ($22 billion) a year in lost revenue, said the leader of Italy's largest ... Read more...
Posted in Business |
Italy’s economy to grow by 0.5 percent
April 22nd, 2010 - 9:47 am ICT by IANS
Rome, April 22 (IANS/AKI) Italy's economy is expected to grow 0.5 percent this year, down from the previous forecast of 0.7 percent, ratings agency Standard & Poor's has said.
The predicted growth would ... Read more...
Posted in Business |
McDonalds all set to introduce the McItaly burgers
February 10th, 2010 - 9:48 pm ICT by Aishwarya Bhatt
Rome, Feb 10 (THAINDIAN NEWS) McDonalds is all set to introduce the McItaly burgers. There are 2 varieties of these Italian burgers, which are on sale for at least 7 weeks. ... Read more...
Posted in World News |
Italian economy grows for first time in over a year
November 16th, 2009 - 4:35 pm ICT by IANS
Rome, Nov 16 (IANS/AKI) Italy exited recession in the third quarter of the year when its gross domestic product rose 0.6 percent, according to a preliminary estimate released by the central statistics ... Read more...
Posted in Business |
G7 ministers pledge to stimulate recovery of global economy
February 15th, 2009 - 2:21 am ICT by IANS
Rome, Feb 15 (DPA) Finance ministers and central bankers from the Group of Seven (G7) most-industrialized nations ended talks Saturday with a pledge to re-establish confidence in the stricken global financial system ... Read more...
Posted in World |