Silvia's Feed
Oct 1, 2012

Output not stockpiles key to cap food cost-EU aid chief

MILAN (Reuters) – Building strategic agricultural stocks to curb market volatility, as proposed by France, would not be the most effective way to tame food prices, EU Development Commissioner Andris Piebalgs said on Monday.

He said what was needed instead was an increase in food production in the world’s poorest countries, which remain vulnerable to the threat of a new food crisis despite the recent easing in grain prices from record highs hit this summer.

Sep 17, 2012

Italian editor defends topless Kate Middleton photos

MILAN (Reuters) – The editor of an Italian gossip magazine that ran pictures of Prince William’s wife sunbathing topless defended his decision on Monday, saying they were harmless and that the terrace where she was relaxing was visible from a street.

In an interview with Reuters, Alfonso Signorini, editor of Chi, also accused the British media of double standards for not publishing the photographs.

Sep 17, 2012

Italian editor defends topless Kate photos

MILAN (Reuters) – The editor of an Italian gossip magazine that ran pictures of Prince William’s wife sunbathing topless defended his decision on Monday, saying they were harmless and that the terrace where she was relaxing was visible from a street.

In an interview with Reuters, Alfonso Signorini, editor of Chi, also accused the British media of double standards for not publishing the photographs.

Sep 17, 2012

Interview: Italian editor defends topless Kate photos

MILAN (Reuters) – The editor of an Italian gossip magazine that ran pictures of Prince William’s wife sunbathing topless defended his decision on Monday, saying they were harmless and that the terrace where she was relaxing was visible from a street.

In an interview with Reuters, Alfonso Signorini, editor of Chi, also accused the British media of double standards for not publishing the photographs.

Sep 17, 2012

Smaller euro banks fear ECB scrutiny

FRANKFURT/MILAN, Sept 17 (Reuters) – Savings bank Sparkasse
Bad Sachsa, run by 46 staff in a small spa town at the foot of
the picturesque Harz mountain range in western Germany, will
next year come under the supervision of Europe’s central bank
and it is worried.

It will be one of the smallest of 6,000 banks policed by the
European Central Bank (ECB) under ground-breaking European Union
plans for a banking union unveiled last week.

Sep 13, 2012

ECB pledge pushes Italy yields down at auction

MILAN, Sept 13 (Reuters) – Italian three-year borrowing
costs fell to their lowest in almost two years at an auction on
Thursday, adding to signs the euro zone’s debt crisis has been
tempered by bold action by the European Central Bank.

The Treasury also paid lower yields to sell its first 15
year bond in more than a year, indicating longer-term borrowing
was also benefitting from the ECB’s plan for buying bonds issued
by the governments struggling most with high debt.

Sep 12, 2012

Italy one-year yields back in safe territory at auction

MILAN (Reuters) – Italy’s one-year borrowing costs dropped to their lowest since March on Wednesday, a more than one percent drop since a month ago showing how the European Central Bank’s pledge to enter bond markets has made Rome’s debt a safer bet for investors.

A ruling by Germany’s top court backing the euro zone’s new rescue fund – and allowing the ECB to act should it be asked by a government – added to positive market sentiment and drove Italy’s cost of borrowing another few basis points lower in the hour before the auction.

Sep 7, 2012

Venice credits roll, U.S., Korean films in awards race

VENICE (Reuters) – The credits are about to roll on this year’s Venice film festival, and the world’s oldest cinema showcase pits Hollywood’s finest against up-and-coming American talent and movies by directors from South Korea, France and beyond.

The 11-day stretch of screenings, parties and interviews on the Lido waterfront ends on Saturday with the awards ceremony where the Golden Lion for best picture is handed out.

Aug 3, 2012

Intesa bad loans spike as Italy recession bites

MILAN, Aug 3 (Reuters) – Intesa Sanpaolo, Italy’s
biggest retail bank, reported a sharp rise in provisions for
risky loans in the second quarter and falling net profit as the
Italian economy plunged deeper into recession.

The lender set aside 2.1 billion euros ($2.55 billion) in
the first half of 2012, up 37 percent from the first half of
2011, as risky loans rose by 20 percent.

Jun 27, 2012

Overhaul at Italy’s oldest bank looks to new investors

SIENA, Italy, June 27 (Reuters) – Banca Monte dei Paschi di
Siena laid out a painful restructuring plan on
Wednesday, a day after the world’s oldest bank was forced to
take state aid, and said it would be looking to new investors in
seeking to raise up to 1 billion euros ($1.25 billion)in new
equity capital over the next five years.

Monte dei Paschi is the first Italian bank to have to resort
to state aid since 2010 as the euro zone crisis deepens, with
the bank hit hard by its 25 billion-euro exposure to Italian
government bonds, which is proportionally higher than that of
its domestic peers.