MILAN (Reuters) – Italy’s six-month debt costs fell to a record low at an auction on Friday as investors expected prime minister-designate Enrico Letta to bring together rival parties and quickly form a government.
Analysts also said expectations of an interest rate cut in the euro zone and the current hunt for returns were also helping to drive down Italian borrowing costs.
Sarasin ranks #Stockholm as No.1 for real estate investment based on factors that include economy, demographic, environment. #Milan is 132
I realise that I have almost stopped using the print press as a reference point for daily #news. There is too little, too late. #digital
To win trust among #Italians, the new government should eliminate some of the many privileges and perks associated with Italian politics.
MILAN, April 22 (Reuters) – Hutchison Whampoa is
targeting Telecom Italia’s mobile business and would
not oppose a spin-off of its fixed-line network, thus removing a
major political hurdle to a deal, a source familiar with the
matter told Reuters.
Italy’s biggest phone operator and the Hong Kong-based
conglomerate are in preliminary contacts over a possible tie-up
that would see Hutchison owning 29.9 percent of Telecom Italia
after selling its 3 Italia mobile business to the group and
buying out some other shareholders.