Italy Financial News

The dollar extended a decline, with a gauge of greenback strength hitting its lowest level since August, amid speculation the Federal Reserve is nearing the end of its rate-hike cycle.

olive oil are now being sold for as much as 14.5 euros ($15.77) in some supermarkets. This has led retailers to place security tags on olive oil bottles, alongside items like spirits, cosmetics, and appliances to prevent shop-lilting and thefts, according to a Reuters report. The price of olive oil has risen by 150% over the past two years, mainly due to a scorching drought in south Europe, which is a major producer.

The local boss of Japanese gas giant Inpex says Australia’s deteriorating policy climate for gas threatens future investments to support the $US45 billion ($69.5 billion) Ichthys LNG project in Darwin.

By Andreas Rinke

By Anna Koper

As the final weeks of 2023 approach, it’s fair to say that one of the most dominant trends and drivers of crypto companies’ strategies over the past months can be summed up in a single word: licenses. 

Martin Scorsese, the legendary American movie director, celebrates his 81st birthday today. Scorsese is widely regarded as one of the foremost film directors of all time with stellar movies like “Goodfellas,” “Cape Fear,” “Raging Bull” and many more.

Italian culinary heritage and the safeguarding of public health. Once these suggestions are implemented, violators of the ban could face fines reaching up to €60,000 (£53,000). Francesco Lollobrigida, the head of the newly named ministry overseeing agriculture and food sovereignty, highlighted the significance of Italy's rich food legacy while the agricultural lobby has lauded this decision.

The second edition of ‘Lollapalooza India’ will be taking place in Mumbai on January 27 and 28 2024. Just like the first edition, ‘Lollapalooza India 2024’ will be held at the iconic Mahalaxmi Race Course, Mumbai.

Investing.com — European stock markets are expected to open higher Friday, looking to end a volatile week on a positive note ahead of the final release of eurozone inflation data for October.

China’s President Xi Jinping a “dictator". The video of Joe Biden calling Xi Jinping a “dictator" surfaced a day after Joe Biden met his Chinese counterpart Xi on the sidelines of the Asia-Pacific Economic Cooperation (APEC). Anthony Blinken, 61, visibly grimaced and was seen fiddling with his hands when Joe Biden said Xi “is a dictator in the sense that he is the guy who runs the country that is a communist country … based on a form of government different than ours" at a press conference.

After two acquisitions so far this year, AlTi Global Inc., the giant registered investment advisor that targets wealthy clients, continues to see potential mergers and acquisition targets on the horizon.

By Timothy Gardner

Hong Kong-founded institutional cryptocurrency asset custodian Hex Trust has been given the green light to offer virtual asset custodial services to institutional clients and investors in Dubai.

NEW DELHI : Italy’s Enel Group is looking to sell its entire renewable energy business in India and has hired HSBC for the transaction, two people aware of the development said. The proposed deal may have an equity value of around $300 million, the people said. The portfolio of Enel Green Power India comprises 760 megawatts (MW) of operational wind and solar power assets and a development pipeline of 2 gigawatts (GW).

By Ankika Biswas and Amruta Khandekar

1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, making it the second most expensive car ever sold at auction, Sotheby's said. The bright red roadster had been the property of an American collector for the past 38 years, and its auction price was surpassed only by that of a Mercedes 300 SLR Uhlenhaut Coupe that went for 135 million euros in 2022, the auction house said. That would be $144 million at today's exchange rate. The 250 GTO went on sale Monday evening after a few minutes of bidding in the auction room, but at a price lower than the more than $60 million expected by RM Sotheby's, the luxury car subsidiary of the auction house. Sotheby's did not identify the winning bidder. Dating from 1962, this legendary Scuderia sports car — chassis 3765, four-liter engine developing 390 horsepower — had finished second in a 1,000 km endurance race on the German Nurburgring circuit, as well as in the legendary 24 Hours of Le Mans, where the team had to withdraw due to engine failure, according to RM Sotheby's. After several years of competition on the Italian mainland and in Sicily, the car was sold and exported to the US in the late 1960s. Restored and modified, the 250 GTO changed American owners several times before ending up in the hands of an Ohio «dedicated collector» in 1985, who sold it on Monday. «This stunning GTO offers its next caretaker further touring and vintage racing enjoyment, or display at major concours d'elegance and marque gatherings worldwide,» Sotheby's said. The Mercedes 300 SLR Uhlenhaut Coupe that fetched 135 million euros in 2022 was one of only two examples of the sport car.

MILAN (Reuters) — Luxury sportscar maker Ferrari (NYSE:RACE) said on Monday it would hire 250 people in the first six months of next year and announced progammes for workers including a new share ownership plan and an enhanced bonus scheme.

ROME (Reuters) — Itay can still achieve economic growth of 0.7% this year despite an expected weak fourth quarter, the country's central bank said on Monday.

Forty-eight countries across six continents have committed to a new tax transparency standard starting in 2027 to fight crypto-related tax evasion.

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.