Tag: Italy

• Tuesday, February 14th 2012 - 20:57 UTC

  S&P and Fitch downgrade Spain’s top banks: Santander and BBVA

  

  Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA were among 15 Spain-based financial firms downgraded by Standard & Poor's after the credit-ratings company reduced the nation's grade last month.

• Saturday, February 4th 2012 - 19:42 UTC

  Captain Schettino’s lover admits she was in the Concordia bridge when the crash

  

  The Moldovan blonde spotted with the captain of the shipwrecked Costa Concordia, Francesco Schettino, on the night of the disaster, has told Italian investigators she is in love with him.

• Saturday, January 28th 2012 - 10:11 UTC

  Fitch downgrades Italy and Spain ratings; Milan police raid agencies offices

  

  The credit ratings of Italy, Spain and three other Euro-area countries were cut by Fitch Ratings, which said the five nations lack financing flexibility in the face of the regional debt crisis.

• Wednesday, January 25th 2012 - 21:02 UTC

  Tapes confirm Costa Concordia told by managers to steam close to the shore when the accident

  

  The captain of the doomed Italian liner Costa Concordia said he was told by managers to take his ship close in to shore on the night it ran aground and capsized, according to bugged conversations leaked in Italian newspapers.

• Monday, January 23rd 2012 - 15:23 UTC

  Costa Concordia captain claims he was ordered to make the fatal ‘salute’ display

  

  The operators of the Costa Concordia faced questions over their share of the blame for the shipwreck, as divers recovered another body from the stricken liner, bringing the known death toll to 13.

• Sunday, January 22nd 2012 - 05:29 UTC

  EU shipping safety review to take full account of Costa Concordia sinking

  

  A review of EU passenger ship safety rules is being stepped up following the Costa Concordia shipwreck off the Italian coast. Europe’s transport Commissioner Siim Kallas announced Friday that the review, which began in 2010, must take full account of the circumstances surrounding the sinking of the cruise vessel Costa Concordia in shallow water a week ago.

• Monday, January 16th 2012 - 02:39 UTC

  Cruise industry and insurers fear consequences of the Costa Concordia grounding

  

  The timing of Carnival Corp.’s Costa Concordia cruise ship’s grounding off the coast of Italy, at the start of the northern hemisphere peak booking season, may exacerbate the company’s losses.

• Sunday, January 15th 2012 - 01:00 UTC

  Cruise captain arrested; 50 to 70 people still missing says Italian Coast Guard

  

  The Italian captain of the cruise ship that ran aground -- killing three persons and injuring 20 more -- was arrested late Saturday and is being investigated for manslaughter and abandoning ship, said a local prosecutor in Grosetto, Italy.

• Saturday, November 19th 2011 - 05:51 UTC

  Monti ensures support for techno cabinet, tells Italians not to blame others for the crisis

  

  Italian Prime Minister Mario Monti on Friday won a final parliamentary confidence vote granting full power to his new government after pledging to spur growth and reduce debt in the euro-region’s third-largest economy.

• Thursday, November 17th 2011 - 22:15 UTC

  Italian cabinet receives ample Senate confidence vote; Monti outlines program

  

  New Italian PM Mario Monti's government of technocrats passed its first test, winning a vote of confidence in the senate late Thursday. As expected, the government won the vote in the upper house of parliament easily, by 281 votes to 25.