Italian center-left leader Matteo Renzi took office on Saturday as his country’s youngest prime minister, facing pressure to show immediate results after he forced out his predecessor over the slow pace of economic reforms. The 39-year-old Renzi has named a low-profile list of ministers with a mix of politicians and […]
Tag: Italy
Fiat shares jump on Chrysler merger deal
Fiat’s $4.35 billion deal to gain full control of Chrysler Group LLC sent its shares to a near 2-1/2-year high on Thursday, despite doubts over whether the Italian carmaker could use the merger to cut losses in Europe. Investors welcomed the deal struck by Chief Executive Sergio Marchionne, under which […]
