Category Archives: Italy

Britain and Italy Speak about EU Reforms

Both Britain and Italy recently said, on Tuesday, that they agree that there needs to be a reform in the EU to protect the rights of the bloc’s non-euro zone members. They also want to promote business and tackle migration crisis issues. Before the referendum that is due by the end of 2017, Britain is…

UK Threatens Action Against the Financial Transaction Tax

The UK is turning its anger towards the EU as the EU is implementing a financial transaction tax. Chancellor George Osborne has threatened new legal action after his pre-emptive challenge was rejected last week. As Osborne said at a meeting of EU finance ministers on Tuesday, “It’s not a tax on bankers, it’s a tax…

New PassPort Web Portal

Northern Trust just came out with a new web portal for its PassPort which “provides an intuitive experience that eases collaboration and data integration across Northern Trust’s global operating platform for asset servicing and asset management.”  According to global head of product management for Corporate & Institutional Services at the company Paul d’Ouville, this tool…

EIB Crisis

The European Investment Bank (EIB) will be giving around half of the crisis loans money to Eastern European small- and medium-sized companies.  The EIB has stepped up during the financial crisis to “provide financial stability” throughout Europe.  This was also part of a directive that came from EU economy ministers a few years ago to…

Aid to Italian Power Demand from Western Balkans

Various Italian companies are considering moving into the electricity sector following the development of a transmission infrastructure linking the Western Balkans to the country.  The idea is to establish power generation facilities in markets which can potentially build more electricity capacity and send power back to Italy.  This seems to be the main source of…

Autoworkers Union In Italy Strikes Fiat

A national strike against the Fiat Auto manufacturer was held by the autoworker’s union. The union protested being excluded from the worker–management contract negotiations. Recently, Fiat made a contract with more moderate unions to improve productivity in the Mirafiori factory. The engineering division of the left wing labor union, CGIL, organized the one day strike…

News on Italian Stocks

UNICREDIT UniCredit’s up and coming European division, Bank Austria, announced that it has chosen a chairman and chief financial officer. He was chosen from the group during a reshuffle of executive management. FIAT Fiat and Chrysler CEO, Mr. Sergio Marchionne, said that in the coming Fiat – Chrysler JV, Fiat will maintain ownership of the…

Fiat Seeking to Expand

Fiat has recently signed a new contract with employees at the fiat plant in Turin. According to Sergio Marchionne, the CEO of Fiat, he will now examin investing in two more car factories in other parts of Italy. Accoding to the CEO, The Melfo and Cassino Factories definitely need a lot of investments to improve…

Fiat CEO Claims: We May Buy Over Half Of Chrysler This Year

A Fiat unit that produces construction and farming equipment is now trading independently from Fiat’s automotive unit on the Italian Stock exchange in Milan. In 2009, Fiat purchased 20 percent of Chrysler stocks. In return, Chrysler received and Fiat’s management expertise and small-car and clean-engine technology. With this purchase, Fiat is moving towards being a…

EU Concern Over Chinese Technological Acquisitions

A senior European official proposed the establishment of an EU watchdog to defend strategic sectors against Chinese takeovers. Antonio Tajani, a European Industry Commissioner, said that Chinese companies are able to acquire many more European companies that have Key technologies in vital sectors. Tajani suggested that Europe make “an authority tasked with examining foreign investments…