Monthly Archive - March 2010
March 31, 2010
The coalition of Italian Prime Minister Silvio Berlusconi has made strong gains from the centre-left in regional polls. Mr Berlusconi's alliance won six of the 13 regions where voting took place, final results show. It previously controlled only two. The gains came despite a series of recent personal and political scandals involving ...
March 30, 2010
Ever since media magnate Silvio Berlusconi stepped onto the Italian political scene almost 16 years ago, experts have been predicting his imminent demise. The two-day regional elections, which started on Sunday, March 28, are no different. The leader is down in the polls and the votes garnered by his People's Freedom ...
March 29, 2010
THE regional elections in Italy on March 28th and 29th will, as Silvio Berlusconi has himself said, be of national importance—a big test of the prime minister’s popularity after a troubled 2009. On March 20th he called his supporters to a big rally in Rome, but the turnout was disappointing. ...
March 26, 2010
Italy is "totally in favour" of EU help for Greece, Prime Minister Silvio Berlusconi told Reuters on Sunday, in the latest sign of divisions within the euro zone over what to do about the Greek debt crisis. "We are absolutely in favour," Berlusconi said, when asked whether Italy thought that the ...
March 25, 2010
ST. PETERS, Mo. -- MEMC Electronics Materials Inc. said Thursday that its solar power subsidiary SunEdison has received final approval from the Italian government to build Europe's largest solar power plant near Rovigo in northeastern Italy. The 72-megawatt plant is to begin generating power in the second half of the year ...
March 24, 2010
Italian developer and agent VFI Overseas Property is hoping to target buyers in the US and China as part of its international office expansion. The Calabria-based company plans to open an office in New York through an alliance with a top-ten US real estate firm and is looking for partners to ...
March 23, 2010
The European Commission warned Italy on Wednesday it may miss its target of cutting its budget deficit to 3 percent of GDP by 2012 due to over-optimistic economic assumptions and a lack of specific austerity measures. In a report on the finances of 14 member states, the Commission urged Italy to ...
March 22, 2010
Alessandro Profumo, chief executive of UniCredit, said he was confident he would get board backing for a reorganisation of the Italian bank's domestic operations in spite of opposition from some of its largest shareholders. Speaking a day after the reorganisation received tentative backing from shareholders, Mr Profumo said the plan, which ...
March 19, 2010
Bank of Italy Governor Mario Draghi has sent a letter to Italy's banks urging them to direct profits towards strengthening their capital base rather than distributing dividends. In the letter, sent on Friday and obtained by Reuters on Saturday, Mr Draghi, who is also president of the Financial Stability Board, told ...
March 18, 2010
Russians and other European buyer groups have filled the hole left by Brits retreating from the Italian market, according to agents exhibiting at La Dolce Vita in London last weekend. Exhibitors claimed they were at the Italian lifestyle and property exhibition to test whether the British market was returning, but few ...
