Rome Business News

Faces Tricky Decision in Weaning Banks Off Easy Credit Published: December 2, 2009 Unease in debt markets, continuing balance sheet problems at banks and the strength of the euro are just some of the issues complicating the European Central Bank’s...

Italy's unemployment rate rose to 8 percent in October, the highest rate recorded in five years...The minister for economic development, Claudio Scajola, said that Italy's jobless rate was far better than the EU average and many other countries. "The economic...

Cadbury is already facing a hostile £9.8 billion bid from Dairylea maker Kraft, although Hershey said two weeks ago it was considering its options. The company has now lined up loans from JP Morgan and Bank of America to fund...

Agriculture Minister Suswono said that Indonesia would import cows that weighed not more than 350 kg each so that they could be raised in the country first before being slaughtered. "So far, Indonesia has been importing cows weighing more than...

Mastro fundraising from "Friends & Family" investors violated state law, state Department of Financial Institutions said today...Mastro misled so-called "Friends & Family" investors from whom he raised money to buy and develop property, the state Department of Financial Institutions said...

Leading shares have begun the week brightly, as continuing weakness in the dollar has given a boost to metal prices, and thus the mining sector...Still with commodity companies, Heritage Oil has continued its recent strong run, up 8.5p to 516p...

GDF Suez SA is looking at opportunities to take part in Italy's nuclear comeback as the French company aims to become one of the main energy players in the country, Chief Executive Gerard Mestrallet said Wednesday. "We are looking carefully...

The sheets of dead and living organic matter, known as marine mucilages, resemble blobs from science fiction stories and comprise microscopic organic matter joined together, The National Geographic reports. Only some of the animals are visible to the human eye,...

The 350 job losses are part of a reorganisation plan aimed at returning the group to profitability in 2011. Versace, which also wants to streamline production and review its store network, will implement the measures by the middle of next...