City Milan Financial News

Andreas Brehme, who scored from the penalty spot to seal victory for West Germany against Argentina in the 1990 World Cup final, died overnight into Tuesday at the age of 63, his former club Bayern Munich said. «FC Bayern is deeply shocked by the sudden death of Andreas Brehme,» the club said in a statement. «We will always keep Andreas Brehme in our hearts. As a world champion and as a very special person.»

By Francesca Landini

MILAN (Reuters) — Lancia on Wednesday revealed its new Ypsilon compact car, the first of three new models promised by the premium brand as part of a multi-year relaunch plan under which it will again sell vehicles outside its Italian home market.

Shares of Tod's SpA (TDPAY) surged more than 17% in Milan after the founding family of the luxury shoemaker reportedly joined forces with L Catterton, a private equity firm, in a renewed effort to take it private.

MILAN — MILAN (AP) — Milan Fashion Week took a peek into the next cold weather season with transforming twins at Dsquared2, the introduction of womenswear at Billionaire and the runway debut of luxury streetwear brand Stone Island.

LONDON (Reuters) — Anheuser-Busch InBev will be an official sponsor for three Olympic Games starting with the Paris 2024 summer event this year, the brewer said on Friday, naming its alcohol-free Corona Cero as the official beer of the Games.

An Italian company that makes a popular Christmas cake says it acted in “absolute good faith” when it offered a special edition with the logo of an Italian influencer that has landed both under investigation by prosecutors

Hedge fund Eisler Capital isn't just trying to attract new portfolio managers by paying existing employees $200k when they find someone new, it's also trying to keep existing staff onside. To this end, it's promoted its most valued persons to partner.

Forbes' annual billionaire list always draws attention, and this year, the spotlight is on 19-year-old Clemente Del Vecchio, the youngest billionaire on the prestigious list. Clemente inherited a substantial fortune from his father, the late Italian billionaire Leonardo Del Vecchio, former chairman of EssilorLuxottica, the world's leading eyeglasses firm.

By Koh Gui Qing and Danilo Masoni

China continues to battle its property demons while it is Italy's turn to be in the eye of the ratings agencies. Here is your week-ahead primer from Lewis Krauskopf in New York, Kevin Buckland in Tokyo, Danilo Masoni in Milan and Alun John and Dhara Ranasinghe in London. 1/ INFLATION WATCH A slew of Federal Reserve policymakers including boss Jerome Powell say they are still not sure that rates are high enough to finish the battle with inflation. Traders, anticipating roughly three quarter-point Fed rate cuts next year, will now turn their attention to Tuesday's inflation data to confirm their view on the outlook. The October consumer price index is expected to have climbed 0.1% on a monthly basis, according to a Reuters poll. September's CPI rose 0.4% on a surprise surge in rental costs, but also showed a moderation in underlying inflation pressures. A sharper cooling could fan the peak rate talk, fuelled by October's employment report, which pointed to an easing in labor markets. A federal government shutdown meanwhile looms if lawmakers in Washington are unable to pass a measure to at least temporarily fund operations before a Nov.

Goldman Sachs promoted some new managing directors on Friday. In a reminder that Goldman Sachs isn't just an investment bank and trading business nowadays, fewer than half (47%) of the 608 lucky new MDs work in the banking and markets business. Another 25% are Goldman's new preferred places of asset and wealth management. The remainder are dotted across Goldman's remaining divisions.

MILAN (Reuters) — Farm and construction equipment maker CNH Industrial (NYSE:CNHI) said on Tuesday it had approved a new share buyback program worth up to $1 billion as part of its plan to pursue single-listing in New York.

By Bianca Flowers and Alessandro Parodi

By Lucy Raitano

Milan has become a mecca for the wealthy, but the downside of that shift is starting to show. 

Active Tradesreceived a TU Overall Score of 4.82 and emerged as ranked 95 on the list. This 22-year-old CFD and Forex broker aims at traders from the United Kingdom, Europe, the Commonwealth of Independent States (CIS), Asia, and South America. At the moment, the company is headquartered in London, having additional offices in Milan, Sofia, and Nassau.

Ganpati Visarjan: The Ganesh mandals in Mumbai began the processions to immerse the Lord Ganesha idols on Thursday as the 10 days of colorful festivities come to an end. The crowds have gathered at various points of the city and to minimize the problems for commuters, the Mumbai Traffic Police is releasing advisories informing about the blocked roads and the alternative routes. In its latest advisory, Mumbai Traffic Police informed about no entry from D.

More curvy models than ever showed up on Milan runways this season, due mostly to a single show by Brazilian designer Karoline Vitto, while designers of color showed their work at collateral events meant to promote diversity in the backrooms of Italian...

MILAN — The Milan fashion world has become a designer carousel. Powerhouse Gucci and Swiss luxury brand Bally both introduced designers this season, while Tod's bade their creative director farewell and Moschino is in an interim phase.

MILAN — Rain forced more than one fashion house to scramble for indoor locations in Milan and fashionistas to find a way to move about the gridlocked Italian city on Friday without the threat of a drenching.