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State guarantee to lift Italy bad loan prices 15-20 pct - source

MILAN, Jan 29- Italian banks, seeking to sell off bad loans without taking a damaging hit to their finances, will get a price 15-20 percent higher than they might have otherwise thanks to a state guarantee, a source close to the matter said. The Italian government is keen to help its banks offload an estimated 201 billion euros of bad loans racked up during a long...
Source: Reuters
Forex moves boost Ferragamo's 2015 sales despite Asia weakness

MILAN, Jan 28- Italian luxury goods group Salvatore Ferragamo reported a 7.4 percent rise in 2015 revenues as favourable currency moves helped to offset weakness in its biggest market, Asia, as well as in North America. Last year's revenues at the Florentine shoemaker totalled 1.43 billion euros, broadly in line with analysts' average forecast of 1.41 billion...
Source: Reuters
UPDATE 1-Monte Paschi 'does not need capital increase' - chairman

MILAN, Jan 22- Banca Monte dei Paschi di Siena does not need a cash call and has a very strong liquidity position, the Italian bank's chairman was quoted as saying in a newspaper interview on Friday, as the bank brought forward the date for its results. Shares in Monte dei Paschi and other Italian banks plunged earlier this week on concerns over bad loans amounting to...
Source: Reuters
UPDATE 3-Italy's banks rebound; government seeks swift solution to bad loans

*Rome hopes for rapid Brussels deal on bad loans. MILAN, Jan 21- Italian banking shares surged on Thursday following a week of plunging prices, with Rome seeking a swift solution to the sector's bad loan woes and the European Central Bank sending a soothing message to anxious investors. "The situation is much less serious than the market thinks," Italian Prime...
Source: Reuters | By: Crispian Balmer
UPDATE 3-Some Monte Paschi customers withdraw savings as bank's stock sinks

MILAN, Jan 20- Some Monte dei Paschi customers have been pulling savings out of the Italian bank, its chief executive said on Wednesday, as it faces a crisis over a mountain of bad loans that has halved its market value this year. CEO Fabrizio Viola did not say how much money savers had withdrawn, or when the outflow began, though he said the fall in deposits was "limited"...
Source: Reuters | By: Francesca Landini and Stefano Bernabei
UPDATE 1-Italians and Dutch demand ever more home loans

*Requests for loans modest in France and Germany. FRANKFURT, Jan 19- Home buyers in Italy and the Netherlands are demanding ever more credit to take advantage of record low borrowing costs as they bet that property prices will rise further, according to the European Central Bank. The data showed a particularly strong increase in home loans in Italy and the...
Source: Reuters | By: John O'Donnell
This cycle's gold output has peaked, say miners

Gold output has peaked in this commodities cycle, according to mining industry leaders and analysts, the Financial Times reports.
Source: Financial Times | By: James Wilson
UPDATE 1-Fiat Chrysler shares hit by report of U.S. lawsuit

MILAN, Jan 14- Fiat Chrysler Automobiles shares fell by nearly 10 percent in Milan on Thursday following a media report that said two dealerships had filed a lawsuit accusing it of inflating U.S. sales, adding to the legal woes hitting the sector. Website Automotive News said the two Chicago dealerships allege FCA offered money to dealers to report unsold...
Source: Reuters