Italy is working on an Alitalia rescue plan that would see the state taking a stake of around 15 percent in the carrier along with separate investments by state-owned firms such as Ferrovie dello Stato and a foreign player, Il Sole 24 Ore said on...
Italy is working on an extension of as much as six months to a Dec. 15 deadline for Alitalia to repay a 900 million euro (US$1 billion) loan meant to keep the airline afloat while it searches for a buyer, a government source said on Saturday.
The euro will withstand the latest political turmoil in Italy and any short-term spill will be limited, but it may be another six months before the dominant dollar trade is swept aside, according to a Reuters poll of currency strategists.
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