Giuseppe Fonte

Fitto, 55, has been the minister in charge of Italy’s sluggish efforts to spend EU COVID-19 recovery funds, and meet reform targets tied to the money.

By Giuseppe Fonte ROME (Reuters) - Italy will not present its new budget plan until next month, missing the European Union's September

ROME (Reuters) – BlackRock, the world’s biggest asset manager, has secured Italian government approval to hold a stake of more than 3% in defence and aerospace group Leonardo, a government document showed on Monday.

Italy intends to change part of a contested law on corporate governance rules that has triggered criticism from asset managers and financial companies, Economy Minister Giancarlo Giorgetti said on Tuesday.

Italy's influential parliamentary committee on security will hold a round of hearings on data storage following a major breach at the country's biggest bank Intesa Sanpaolo , people familiar with the matter told Reuters on Tuesday.

Italy is struggling to find a "strategic" buyer for its stake in lender Monte dei Paschi di Siena before a year-end deadline, leaving it with little alternative but to turn to the market and broaden a fragmented shareholder base, two sources close to the sale process said.

In a speech at a banking conference in Rome, Italy’s central bank governor said euro zone monetary conditions remain restrictive and need to be eased further.

ROME (Reuters) – Italy’s economy minister on Thursday defended his decision to raise taxes on cryptocurrency capital gains as part of next year’s budget, despite pressure from some lawmakers in his own party to backtrack.

The Treasury set a growth target of 1% this year and 1.2% in 2025 in its multi-year budget plan unveiled in September.

Italy has begun to pave the way for a third big banking group in the country by selling a chunk of state-owned Monte dei Paschi di Siena (MPS) to rival Banco BPM and the fund manager partner of both lenders.