Banca Monte dei Paschi di Siena SpA’s shares fluctuated in Milan trading after its biggest shareholder overruled Chairman Alessandro Profumo to delay a 3 billion-euro ($4.1 billion) stock sale until at least May.
Banca Monte dei Paschi di Siena SpA, the bailed-out Italian bank, will delay a 3 billion-euro ($4.1 billion) stock sale until at least May from the first quarter after its biggest shareholder demanded a postponement.
Italy’s wine output may jump 8.4 percent after grape harvests in Piedmont, Emilia-Romagna and Sicily recovered from drought last year, researcher Istituto di Servizi per il Mercato Agricolo e Alimentara forecast.
Until June I had never ordered a bottle of lambrusco in Italy. With memories of those sweet, fizzy, soda-like imports of the 1970s like Riunite Lambrusco (“Riunite on ice -- so nice!”), I had no interest in revisiting such wines, even in Emilia-Romagna, where lambrusco is made. (For the record, Riunite, now about $6 a bottle, still sells a million cases a year in the U.S., more than any other import.)
A virulent strain of bird flu was found on three farms in Italy, spurring authorities to kill poultry and restrict movement of some animals to stem the spread of the disease in the country’s first outbreak since 2000.
Thousands of survivors of the earthquake in the Italian region of Emilia Romagna sought relief in tent cities as rescue workers surveyed the damage from the trembler that killed seven and injured dozens more.