MILAN, Aug 2 (Reuters) – A group of Chinese investors will
pay 55 million euros ($67 million) for a 15 percent stake in
Inter Milan, becoming the second-biggest shareholder of the
Italian premier league football club, sources close to the
The deal will give the 104-year-old club a new stadium to be
built by China Railway Construction Corp, the main
partner in the first such investment from mainland China in a
major foreign sports team.
MILAN, Aug 2 (Reuters) – Generali’s net profit
beat expectations on the back of a strong performance by its key
life insurance division even as a deadly earthquake in Northern
Italy took its toll on the company’s general insurance business.
Unveiling its first set of results under new Chief Executive
Mario Greco, Generali said its net profit had seen a “strong
progression” in the second quarter.
MILAN, Aug 1 (Reuters) – Italy’s Fiat Industrial
beat forecasts with a 19 percent rise in second-quarter trading
profit to 631 million euros ($777 million) helped by a solid
performance at its U.S. farm equipment unit CNH and cost
cuts at truck maker Iveco.
Analysts polled by the group had forecast trading profit for
Fiat Industrial, which was spun off from car maker Fiat
last year, of 575 million euros.