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U.S. judge suspends Blackstone lawsuit against Italy’s RCS over Milan HQ

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MILAN (Reuters) – A New York judge has put on hold a lawsuit by U.S. private equity firm Blackstone Group LP against Italian publisher RCS Mediagroup over the disputed sale of real estate assets, pending the outcome of an arbitration in Italy. FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at Read More

U.S. judge suspends Blackstone’s lawsuit against Italian media group: sources

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MILAN (Reuters) – A New York judge has suspended a lawsuit brought by U.S. private equity fund Blackstone against Italian publisher RCS Mediagroup over the disputed sale of real estate assets, two sources close to the matter said on Wednesday. FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post Read More

Timeline: BT bosses in spotlight in Italian accounting scandal

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MILAN (Reuters) – A criminal investigation into accounting fraud inside British Telecom’s Italian unit has uncovered more evidence of what prosecutors say was the involvement of senior executives in artificially inflating the division’s financial performance. British Telecom (BT)’s headquarters is seen in central London, Britain May 10, 2018. REUTERS/Hannah McKay Here is a timeline of Read More

Exclusive: British Telecom’s Italian job had London roots, say investigators

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MILAN (Reuters) – A criminal investigation into accounting fraud inside British Telecom’s Italian unit has uncovered more evidence of what prosecutors say was the involvement of senior executives in artificially inflating the division’s financial performance. FILE PHOTO: A BT (British Telecom) company logo is pictured on the side of a convention centre in Liverpool northern Read More

Will the Benettons use Alitalia to fly in from the cold?

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MILAN/ROME (Reuters) – Italian transport group Atlantia could join a rescue of loss-making flag carrier Alitalia to try to win favor with the government and secure the future of its own domestic business following a deadly bridge collapse last year, sources said. FILE PHOTO: An Alitalia Airbus A320-200 airplane comes in to land at Fiumicino Read More

‘No deaths – no irony?’ French satirical mag ‘hypocritical’ for cartoon on Notre Dame fire

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Controversial satirical magazine Charlie Hebdo was slammed after it ran a cartoon depicting the Notre Dame de Paris fire. Critics said it was surprisingly tame compared to the many times it joked about deadly disasters abroad. The latest cover shows a grinning French President Emmanuel Macron whose head is shaped like the facade of the Read More

Italy’s UniCredit to pay $1.3 billion to settle U.S. sanctions probe

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(Reuters) – Italy’s top bank UniCredit SpA and two subsidiaries have agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and other countries, U.S. authorities said on Monday. FILE PHOTO: Unicredit bank logo is seen in the old city centre of Siena, Italy June 29, 2017. Read More

UniCredit Group to pay $1.3 billion, German unit to plead guilty in U.S. sanctions resolution

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FILE PHOTO: Unicredit bank logo is seen in the old city centre of Siena, Italy June 29, 2017. REUTERS/Stefano Rellandini/File Photo (Reuters) – UniCredit Group, Italy’s biggest bank by assets, has agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and other countries, U.S. authorities said Read More

Nidec ASI to supply VFDS for $25.5 billion Arctic Lng 2 project

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4/12/2019 Photo: Nidec Arctic LNG 2 project. MILAN — Nidec ASI, head of the Nidec Industrial Solutions business platform belonging to the Nidec Group, signed last month with Siemens Gas and Power, a multi-million euro contract, for the supply of Variable Frequency Drives Systems (VFDS) and Motors for the Arctic LNG 2 project which will Read More

Italy’s UniCredit says among banks accused of running bond cartel

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MILAN (Reuters) – Italy’s biggest lender UniCredit said it is among a group of banks accused of running a cartel in trading euro zone government bonds between 2007 and 2012, years when financial crises dragged down banks and several European countries. FILE PHOTO: Unicredit bank logo is seen in the old city centre of Siena, Read More