Italy

Italy News

• Shell Bid Starts Race for African Gas Fields Bigger Than Norway’s: Energy

  Updated 14 minutes ago

  Royal Dutch Shell Plc’s $1.6 billion bid for Cove Energy Plc starts a race to develop natural-gas fields off Mozambique’s Indian Ocean coast that may hold more gas than Norway’s entire reserves.

• German Business Sentiment May Reach Seven-Month High in February

  Updated 2 hours, 9 minutes ago

  German business confidence probably rose to the highest in seven months in February as progress in taming Europe’s debt crisis tempered the risk of a recession.

• Greek Bailout Leaves Europe on Road to Disaster: Clive Crook

  Updated 1 hour, 42 minutes ago

  If Europe’s new plan for Greece succeeds, nobody will be more surprised than the politicians who designed it. At best, the arrangement is a holding action, one that fails yet again to deal with the much larger confidence crisis facing the euro area.

• Everything Everywhere to Become First U.K. Carrier to Offer 4G

  Updated 1 hour, 7 minutes ago

  Deutsche Telekom AG and France Telecom SA’s British mobile-phone venture plans to begin a fourth-generation high-speed mobile Internet service at the end of this year, the first operator to announce a U.K. rollout.

• Casino Guichard, Fondiaria-SAI, LVMH: Europe Equity Preview

  Updated 1 hour, 6 minutes ago

  Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.

• German Bonds Advance as Euro-Area Services Contract; Italian Debt Declines

  German bunds advanced for the first time in a week after European reports showed services and manufacturing unexpectedly contracted this month, boosting demand for the region’s safest securities.

• Mediobanca Second-Quarter Profit Falls on Higher Writedowns

  Mediobanca SpA, Italy’s biggest publicly traded investment bank, said second-quarter profit fell 95 percent, hurt by writedowns of Greek bonds and its stake in RCS MediaGroup SpA.

• EU Announces Members, Mandate of Group to Assess Bank Structure

  The European Commission published the members and remit of a group of experts that will examine whether banks should build internal firewalls to protect taxpayers and customers when failure of one part of a lender threatens to cascade throughout the company.

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  Petrus Vies With Ausone as Wine Sales Move to California

  The most expensive Pomerol producers Chateau Petrus and Le Pin are competing with Bordeaux first- growth Chateau Lafite-Rothschild, Saint-Emilion estate Chateau Ausone and top Burgundies at sales worth as much as $11 million.

• BP Says Shah Deniz to Choose Pipeline to Europe Next Year

  BP Plc and its partners in a Caspian Sea gas field plan to make a final decision on an export route to Europe by the middle of 2013.

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