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Italy - Factors to watch on January 30
Italy - Factors to watch on January 30
About this update from Saipem S.p.a.
The following factors could affect Italian markets on Friday.Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).For a complete list of diary events in Italy please click on .ECONOMYISTAT releases Q4 GDP flash data (0900 GMT); December unemployment rate flash data (1000 GMT); December producer prices data (1100 GMT).COMPANIES(*) PIRELLI MIL:PIRC The tyremaker's Chinese shareholder Sinochem SSE:600500 is not in favour of transferring its 34.1% stake in a blind trust to solve the group's governance issues, a source close to the matter told Reuters. The person added that Sinochem still sees the option of ringfencing Pirelli's US operations, limiting the Chinese investors voting rights and board representation, as a solution, but this has been rejected by majority shareholder Camfin. (*) STELLANTIS MIL:STLAM The automaker is using an AI robot called Dexory V2 in four of its plants - including Detroit's Sterling Heights - to make production more efficient, daily MF reported on Friday. California officials are meeting Detroit automakers this week to discuss the next phase of greenhouse gas regulations for cars and trucks, the state's top air regulator said on Thursday .(*) ENI MIL:ENI The administration of President Donald Trump lifted some sanctions on Venezuela’s oil industry on Thursday to make it easier for U.S. companies to sell its crude oil, and said more restrictions on the country would be lifted soon. The authorizes U.S. companies to buy, sell, transport, store and refine Venezuelan crude oil, but does not lift existing U.S. sanctions on production.Oil producers Chevron, Repsol and ENI, refiner Reliance Industries, and some U.S. oil service providers had sought licenses in recent weeks to expand output or exports from the OPEC member.MEDIOBANCA MIL:MBFrancesco Grosoli, CEO of the Italian bank's Compagnie Monégasque de Banque (CMB), will become head of Mediobanca's private banking business, a source close to the matter said on Thursday, as part of a push to give the division a broader international reach.(*) MONTE DEI PASCHI MIL:BMPS The Tuscan lender's outgoing board, along with headhunters Korn Ferry, are expected to have a first, long list of 20-25 candidates for the new board by mid-February, daily MF reported on Friday, adding that an almost final slate was expected at the end of Febru...