Italy is set to sign a new contract to sell four gas
turbines to Azerbaijan, its industry minister said on Saturday
ahead of his visit to the Asian country that is one of Rome's
most important energy partners.
(*) Italy will fully cut its dependence on Russian gas by
the end of this year, Italy's Industry Minister Adolfo Urso said
on Monday in an interview with daily Il Messaggero.
DEBT
The European Central Bank (ECB) must avoid pushing real
interest rates too high, given the level of private and public
debt in the euro area, ECB Governing Council Member Ignazio
Visco told Warwick Economics Summit on Saturday.
Asked how far interest rates could rise, the Bank of Italy's
governor replied: "We don't know".
TRANSPORT
Unions at Italian airline ITA Airways on Friday threatened
to call a strike after the company delayed signing off on a deal
over salaries at the state-owned company, and urged the
government to intervene on the issue.
Union sources said the strike might take the form of a
four-hour stoppage on Feb. 28.
COMPANIES
INTESA SANPAOLO Intesa Sanpaolo Private Banking targets a revenue growth of
between 3.5% and 4% in 2023, with inflows also up about 4%, CEO
Tommaso Corcos told Bloomberg in an interview, adding the group
was "scouting for companies with between 8 billion euros and 12
billion of assets under management in Switzerland, where we are
focusing on offshore clients."
UNCREDIT Jayne-Anne Gadhia, founder of money managing application
Snoop and former Virgin Money chief executive, has stepped down
from the board of UniCredit with immediate effect, the Italian
bank said on Friday.
TELECOM ITALIA The Italian government may invest up to 2 billion euros
($2.14 billion) and buy a 20% stake in the phone group’s network
unit to retain oversight over the asset, Il Sole 24 Ore reported
on Saturday adding that a decision has not been taken yet.
(*) SAIPEM The Italian energy group has signed two credit lines for a
total of 860 million euros with a pool of leading national and
international banks, it said on Monday.
(*) JUVENTUS A first-half goal by midfielder Adrien Rabiot earned
Juventus a 1-0 home win over Fiorentina in Serie A on Sunday,
stretching the visitors' winless run to five games
(*) LAZIO Goals by defender Davide Zappacosta and forward Rasmus
Hojlund earned Atalanta a 2-0 win at Lazio in Serie A on
Saturday as they overtook the hosts in the table to break into
the top four.
DIARY
Italy, second of two-day regional elections in Lazio and
Lombardy.
Rome, Chamber of Deputies continues review of 'Migration
Flows Decree' (1600 GMT).
Rome, government convenes trade unions and employers'
association on pensions.
Milan, Industry Minister Adolfo Urso delivers welcome
address at immersive exhibition "Useful Beauty" (1730 GMT).
brackets: 20 biggest gainers (in percentage)............ 20 biggest losers (in percentage)............. FTSE IT allshare index FTSE Mib index........ FTSE Allstars index... FTSE Mid Cap index.... Block trades.......... Stories on Italy...... For pan-European market data and news, click on codes in
brackets: European Equities speed guide................... FTSEurofirst 300 index.............................. DJ STOXX index...................................... Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurofirst 300 sectors................... Top 25 European pct gainers....................... Top 25 European pct losers........................ Main stock markets: Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt market stories CAC-40................. Paris market stories... World Indices..................................... Reuters survey of world bourse outlook......... Western European IPO diary.......................... European Asset Allocation........................ Reuters News at a Glance: Equities............... Main currency report:............................... ($1 = 0.9368 euros)
