Archive

Archive for the ‘Italian economy’ Category

Italy’s Eni says no to sanctions against Libya

March 16, 2011 Leave a comment
By Guy Dinmore in Rome and Joshua Chaffin in Brussels, Published: March 16 2011

Eni, Italy’s state-controlled energy company, has urged Europe not to extend sanctions against Libya to include its oil and gas assets, warning that such steps would be “shooting ourselves in the foot”. Read more…

Advertisements

Italy puts Libya bank under special administration

March 14, 2011 Leave a comment

By Guy Dinmore in Rome, Published: March 14 2011

Italy has imposed controls on Libya’s Banca UBAE, but the Rome-based bank – which handles payments for Libya’s oil and gas exports – was told it would be allowed to continue “normal” operations. Read more…

Eni CEO defends decision to stay in Libya

March 9, 2011 Leave a comment
By Guy Dinmore in Rome, Published: March 9 2011

The lights are still on in Libya thanks to continued gas production there by Eni, Italy’s state-controlled energy company, according to its chief executive.

In spite of the turmoil in Libya and the evacuation of many of Eni’s expatriate workers, Eni – led by Paolo Scaroni – has continued to work with the National Oil Company to produce oil and gas, although at considerably reduced levels.

Read more…

Shares leap in Italian telecoms firm with Libyan holding

March 7, 2011 Leave a comment

By Giulia Segreti and Guy Dinmore in Rome, Published: March 7 2011

Retelit, a small Italian telecommunications company, jumped on the Milan stock exchange on Monday amid reports that the Italian government would freeze a 14.8 per cent shareholding controlled by one of Muammer Gaddafi’s sons. Read more…

Rome sits at hub of former colony’s web

March 3, 2011 Leave a comment
By Guy Dinmore in Rome, published: March 3 2011

Italian finance ministry officials just have to lift their gaze from their computers to be reminded of the complex web they face as they try to unravel Libya’s assets in Europe as a first step towards imposing possible sanctions. Read more…

Italy poised to freeze Libyan shareholdings

March 1, 2011 Leave a comment

By Guy Dinmore and Giulia Segreti in Rome and Joshua Chaffin in Brussels, published: March 1 2011

Libyan shareholdings in Italian companies worth billions of euros could be frozen by Rome as Silvio Berlusconi makes what diplomats describe as a tardy break with Muammer Gaddafi’s regime. Read more…

Boardrooms restless over Berlusconi’s legal woes

February 16, 2011 Leave a comment
By Rachel Sanderson in Milan and Guy Dinmore in Rome, published: February 16 2011