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(ANSA) - Palermo, December 5 - Former Cosa Nostra Mafia "boss of bosses" Totò Riina issued further threats against Palermo deputy prosecutor Nino Di Matteo from prison, according to an intercepted conversation with another jailed mobster released Thursday. Reports in mid-November caused a sensation by quoting a prison guard as saying that Riina shouted for the death of justice officials, including Di Matteo, from his prison cell during hearings into an alleged deal between mobsters and the Italian government. Now, intercepts of a conversation with another mob figure in prison with Riina...
(ANSA) - Rome, December 5 - Consumer spending continued to weaken in October compared with the same time last year, suggesting fearful shoppers are keeping their wallets closed, Italy's leading retailers organization said Thursday. Confcommercio said that sales fell by 2.1% year over year, although they rose very slightly compared with September. As well, the three-month moving average, which is adjusted for seasonal factors, also suggested a slight strengthening, the group said. That hints at a possible end to the worst recession Italy has endured in 20 years, according to Confcommercio...
(ANSA) - Brussels, December 5 - Almost 30% of the Italian population was at risk of slipping into poverty last year as a result of the economic crisis, the European Union's statistical agency said Thursday. According to Eurostat, 29.9% of Italians were at risk last year, an increase from the 28.2% at risk in 2011 and the 25.3% who were considered vulnerable in 2008, when the crisis that has shaken Europe began. Further, the agency said that 14.5% of Italians were not only at risk but were "severely materially deprived" compared with the lowest levels of only 1.3% in the same position in...
(ANSA) - Rome, December 5 - Low turnover combined with a large number of retiring workers meant Italy's total number of public employees sank 4% in 2012, Italian statistics agency Istat revealed in its social report on Thursday. The ranks of public employees has diminished by 130,000 people, passing from 3.23 million to 3.1 million. Social-security contributions for the sector fell by 4.78 billion, or 8.2%.
(ANSA) - Rome, December 5 - Moody's warned Italy's insurance companies on Thursday for holding too many State bonds. "They have a significant concentration risk in sovereign bonds and the quality of their assets are dependent, to a large extent, on the quality of Italian sovereign credit," said the ratings agency. More than 50% of Italian insurers' assets - at around 240 billion euros as of September 30 - are invested in sovereign debt, Moody's noted.
(ANSA) - Rome, December 4 - Italian MPs on Wednesday called on India to speedily resolve the case of two Italian marines who were extradited earlier this year over the deaths of two Indian fishermen. Foreign Ministry Secretary-General Michele Valensise handed Indian Ambassador Basant Kumar Gupta a document unanimously approved by the Lower House, in which MPs asked Indian authorities to find in the marines' favor. Investigators from India's National Investigation Agency (NIA) are in the final days of their probe into Massimiliano Latorre and Salvatore Girone, who are charged with opening...
Spread closes steady on 234
Wednesday, December 04TH, 2013 by admin
(ANSA) - Rome, December 4 - The spread between Italian 10-year bonds and their AAA-rated German equivalents, the premium investors pay to hold Italian paper, closed steady Wednesday on 234 points with a 4.15% yield. The Milan bourse closed 0.2% down as European markets had a third straight day of losses amid worries the United States may start easing stimulus policies. London was 0.34% down, Frankfurt 0.90%, Paris 0.57%, Madrid 0.67% and Athens 0.75% down.
(ANSA) - Viareggio, December 4 - Italian finance police on Wednesday charged a man with aggravated fraud for allegedly swindling the national pension fund out of 63,140 euros in eight years. The 39-year-old suspect allegedly cashed his late mother's 600-euro monthly disability checks since her death in 2005. An order to seize up to 65,000 euros' worth of the man's assets and real estate has been issued.
(ANSA) - Brussels, December 4 - The European Commission on Wednesday approved the sale of Ansaldo Energia to state-owned Italian Strategic Fund (FSI), saying the deal did not pose a threat to competition. Defence giant Finmeccanica, former co-owner of the energy company, closed the sale to the state-run fund several weeks ago. There had been rumours that a South Korean company was interested in purchasing the energy company, but the FSI came forward amid concerns about Italy losing a firm in such a strategic industry.
(ANSA) - Vatican City, December 4 - It is "not a lie" that the faithful will rise again as Christ did, Pope Francis told 30,000 people at his general audience Wednesday. "This is not a lie, it's true, we believe that Jesus is alive. Do you believe?," he said. "He is risen! And because He is risen, we too shall rise. "Jesus is waiting for us".