AGP Executive Report
Last update: 3 hours agoBanking & Tax: Intesa’s chief warned that Italian banks may cut sovereign-debt holdings amid a tax dispute; extending ecobonus credits over 10 years was also criticized as debt management. Energy: Enel’s nine-month profit rose 6%, though results in Italy declined. The IMF says any new relief for high energy costs must be offset. Calabria approved a 9 MW wind project paired with battery storage. Investment: Poste Italiane reported a record nine-month profit and launched a €600 million digital-infrastructure co-investment fund; TIM plans to expand services through synergies with Poste. Industry: CNH plans to sell a 70% stake in its construction-equipment business. Industrial output rose 1.2% in September, but a weak third quarter and prolonged manufacturing headwinds cloud the recovery. Economic Outlook: Italy raised its 2026 growth forecast but lowered its outlook for 2027; the EU approved fiscal flexibility for Rome.
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