ITALY’S 5 STARS LIKELY TO POSTPONE ONLINE PARTY VOTING ON DRAGHI’S GOVERNMENT, INCREASING HIS CHANCES OF SUCCESS IN RALLYING LARGE MAJORITY- SOURCES
By Silvia Marchetti ROME (MaceNews) – Italy’s 5 Stars Movement will likely postpone a key online vote on whether to back Mario Draghi’s new government until there are more details of a shared ruling program among political parties, according to sources. The online voting, initially scheduled for Wednesday and Thursday, could be delayed until after […]
ITALY: DRAGHI APPEARS HEADED TOWARD WIDE MAJORITY BUT FACES CHALLENGE TO SET JOINT AGENDA, ASSEMBLE ‘MIXED’ GOVERNMENT
By Silvia Marchetti ROME (MaceNews) – Former European Central Bank chief Mario Draghi will likely have a broad majority to form a new government following support from his usual opponents but he faces a big challenge to define a shared program and set up a technocrat-political cabinet, according to political sources. Draghi received statements of […]
ITALY: DRAGHI TASKED WITH FORMING UNITY GOVERNMENT; ‘CONFIDENT’ PARTIES WILL JOIN
By Silvia Marchetti ROME (MaceNews) – Former European Central Bank chief Mario Draghi was handed on Wednesday the mandate to form a new government by Italy’s head of state Sergio Mattarella and put an end to Italy’s political crisis. “It’s a difficult moment. There’s a dramatic health crisis, which requires adequate responses in defeating the […]
ITALY’S POLITICAL CRISIS DEEPENS; CONTE’S FUTURE ON LINE AS HEAD OF STATE BUYS MORE TIME
By Silvia Marchetti ROME (MaceNews) – Italy’s head of state Sergio Mattarella handed to lower house leader Roberto Fico an ‘explorative’ mandate to evaluate whether the current ruling coalition has a stable enough majority to keep on governing. Mattarella was obliged to take the step following the failure of two days of party talks at […]
ITALY FACES UPHILL ROAD FOR A ‘THIRD’ CONTE GOVERNMENT; MAJORITY STILL WEAK – SOURCES
By Silvia Marchetti ROME (MaceNews) – Ruling coalition parties are confident there will likely be a ‘third’ government ruled by outgoing premier Giuseppe Conte who resigned Monday but they warn that forming a new, stable majority able to put an end to Italy’s ongoing political crisis and avoid the risk of an early vote will […]
IMF’S WORLD ECONOMIC OUTLOOK: WORLD GROWTH REVISED +0.3 TO 5.5%
WASHINGTON (MaceNews) – The International Monetary Fund’s January update to its World Economic Outlook Tuesday saw world growth revised up 0.3 to 5.5%, fueled by a vaccine-propelled recovery. Last year’s performance benefited from a stronger than previously seen second half and it was revised up 0.9 to a contraction of 3.5%. U.S. growth was revised […]
ECB’S LAGARDE: ASSET BUYING AS LIKELY TO EXCEED CURRENT ALLOCATION AS TO FALL SHORT
— ECB President Denies New Language Toward PEPP Programme Reflects More Hawkish Attitude By Laurie Laird LONDON (MaceNews) – ECB warnings that it may not expend all of its emergency bond buying do not represent a more hawkish outlook toward the eurozone recovery, according to Europe’s top central banker. The rate-setting Governing Council raised eyebrows […]
IFO: GERMAN BUSINESS CONFIDENCE DECLINES IN JANUARY ON CORONA
By Marco Babic ZURICH (MaceNews) – German business conditions started the year off on a negative note as the second wave of the COVID-19 pandemic pushed both current conditions and business expectations lower, the Munich-based Ifo Institute said in a report Monday. Ifo’s Business Climate Index for January fell to 90.1 in January from a […]
ECB SITS ON ITS HANDS. SAYS DECEMBER FORECASTS HOLD DESPITE LOCKDOWN
By Laurie Laird LONDON (MaceNews) – The European Central Bank left all policy instruments on hold at its latest rate-setting meeting, stressing the ECB’s most recent economic projections envisioned the risk of the strong Covid containment measures currently in place through much of Europe. Forecasts published in December “were predicated on lockdowns lasting through”the first […]
BoA GLOBAL FUND MANAGER SURVEY: INVESTORS SEE STRONGER GROWTH IN 2021 AS WORLD RECOVERS FROM VIRUS
–Investors Eye Higher Stock Prices, Steeper Yield Curve, Rising Inflation by Vicki Schmelzer NEW YORK (MaceNews) – Global investors at the start of 2021 anticipated stronger growth in the months ahead as the world recovers from COVID-19, according to the findings of BofA Global Research’s monthly fund manager survey, released Wednesday. In line with […]