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Italy - Factors to watch on November 13
Italy - Factors to watch on November 13
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The following factors could affect Italian markets on Thursday.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 .POLITICSItaly is working to adopt a tax on low-value postal packages from non-European countries, politicians said, as part of measures to protect its fashion industry from low-cost foreign imports mostly from China.The European Union needs to adopt "strong and fast" rules against the invasion of cheap and unregulated products, Economy Minister Giancarlo Giorgetti said on Wednesday.Italy will gradually increase its defence budget once out of a European Union excessive deficit procedure, its defence minister said on Wednesday, as the country prepares to comply with higher NATO spending targets.DEBTTreasury sells up to 8 billion euros in four BTP bonds. Subscriptions close at 1000 GMT.COMPANIESASSICURAZIONI GENERALI MIL:G(*) Italy's biggest insurer on Thursday reported double-digit profit growth for the first nine months, helped by its non-life business amid lower natural catastrophe claims.Post results conference call at 1100 GMT.Generali said on Wednesday it had appointed the head of its insurance business Giulio Terzariol as group deputy chief executive, weeks after investors critical of CEO Philippe Donnet boosted their influence at Generali.UNICREDIT MIL:UCGThe Italian bank has drawn a line under its failed acquisition of Banco BPM, CEO Andrea Orcel said on Wednesday, adding investors should "not read too much" into its latest legal challenge against government-set terms for the offer. UniCredit's accord with Europe's biggest fund manager Amundi EURONEXT:AMUN to oversee assets of the bank's clients can extend past its 2027 expiry only if the benefits are mutual, Chief Executive Andrea Orcel said on Wednesday.POSTE ITALIANE MIL:PST(*) The Italian postal service group reported an 8.5% rise in third-quarter operating profit, beating analyst expectations thanks to strong performance in its financial services business, the state-backed financial conglomerate said on Thursday.Post results conference call at 0930 GMT.(*) The group is expected to soon begin a gradual acquisition of a stake of up to 49% in payment services company PagoPA, daily la Repubblica reported.(*) BANCA MONTE DEI PASCHI DI SIENA MIL:BMPSThe Italian len...