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Italy - Factors to watch on September 24
Italy - Factors to watch on September 24
About this update from Saipem S.p.a.
The following factors could affect Italian markets on Wednesday.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 will recognise a Palestinian state only if all Israeli hostages are released and the Hamas militant group is excluded from any government role, Italian Prime Minister Giorgia Meloni said on Tuesday.CENTRAL BANKSThe European Central Bank eyes 2029 as a realistic timeline for launching a digital euro, essentially an online payment wallet backed by the central bank, ECB board member Piero Cipollone said on Tuesday.DEBTItaly's Treasury said on Tuesday it would sell up to 8.75 billion euros in bonds at a September 26 auction. The Treasury will sell on Wednesday up to 5 billion euros over 3 BTP bonds. Subscriptions close at 0900 GMT.COMPANIES BANKS The Italian banking sector has made "stratospheric profits" over the last five years and must make a contribution to state finances, Economy Minister Giancarlo Giorgetti said at a regional election rally on Tuesday. ASSICURAZIONI GENERALI MIL:G A board meeting is expected on Wednesday. MONTE DEI PASCHI DI SIENA MIL:BMPS The bank's leading shareholder Francesco Gaetano Caltagirone holds 12.26% of the Tuscan lender, with voting rights capped at 9.99% pending European Central Bank approval of his request to cross the 10% ownership threshold, a bourse filing showed on Tuesday. STELLANTIS MIL:STLAM A group representing nearly all major automakers asked the Trump administration on Tuesday to rollback aggressive vehicle emissions limits that seek to force the industry to build a rising number of electric vehicles.SAIPEM MIL:SPM Exxon Mobil, Brazilian state-run Petrobras and oil services provider TechnipFMC petitioned Brazilian antitrust regulator Cade to intervene in a merger between energy contractors Subsea7 and Saipem, public documents seen by Reuters show.(*) SAIPEM MIL:SPM, WEBUILD MIL:WBDItaly's largest construction company Webuild and energy contractor Saipem have expressed interest in acquiring Pizzarotti, an Italian construction company with banks debts for a total of arounf 1.8 billion euros, daily MF reported on Wednesday. MFE-MEDIAFOREUROPE, RAI WAY MIL:RWAY Shareholders of Italian broadcasting tower operators Rai Way and EI Towers are set to extend discussions ...