{"id":72083,"date":"2014-07-09T10:53:04","date_gmt":"2014-07-09T08:53:04","guid":{"rendered":"https:\/\/www.aspeninstitute.it\/pin\/week-june-27-july-4\/"},"modified":"2014-07-09T10:53:04","modified_gmt":"2014-07-09T08:53:04","slug":"week-june-27-july-4","status":"publish","type":"pin","link":"https:\/\/www.aspeninstitute.it\/en\/pin\/week-june-27-july-4\/","title":{"rendered":"The week of June 27- July 4"},"content":{"rendered":"

Fineco, Rottapharm and Sisal: a rise in market prices<\/strong> \u2013 A trading debut shoots prices up (New York Times,<\/em> 2  –  FinecoBank Shares Rise in Trading Debut in Italy<\/a>) after a demand for shares that amounted to three times the offer (Reuters, <\/em>June <\/em>27  – IPO of UniCredit unit Fineco three times subscribed \u2013 sources<\/a>). Fineco<\/strong>, Unicredit\u2019s online bank was quoted on the Milan stock exchange and the 600 million euro operation (New York Times<\/em>, June <\/em>27 – UniCredit\u2019s Online Unit Raises at Least $916 Million in I.P.O.<\/a>) was widely covered by the foreign press and news agencies (Bloomberg, June <\/em>27 – UniCredit Sells First Shares in Online Broker<\/a>) as well as starting the start of a series of sales on the Milan market. There have been other offerings, by the pharmaceutical firm Rottapharm <\/strong>(July 1  su New York Times, <\/em>July 1 – Rottapharm, an Italian Drug Maker, Sets Price Range for I.P.O.<\/a>; and Reuters,<\/em> – Italy’s Rottapharm sets IPO price range at 7.25-9 euros\/shr<\/a>) and the gaming group Sisal<\/strong> (Reuters, <\/em>1\u00b0 – Italy’s Sisal sets IPO price range at 6.3-7.7 euros\/shr<\/a>).<\/p>\n

However, Italian businesses were in the spotlight even outside the Milan exchange. According to Le Figaro,<\/em> Andrea Bonomi<\/strong> has joined the positioning for control of Club Med with a bid that ends in September (Reuters, <\/em>June <\/em>30 – Italy’s Bonomi sees bid for Club Med ending early Sept<\/a>), while the French tourist operator\u2019s price has shot up (Bloomberg Businessweek, <\/em>July 1 – Club Med Surges to Five-Year High on $1.1 Billion Bonomi Bid<\/a>).<\/p>\n

Investments in Italy and abroad<\/strong> \u2013 On the other hand, investment flows to and from Italy continue. The cost of Italy\u2019s debt has dropped substantially (Bloomberg Businessweek, <\/em>June <\/em>27 – Italy Borrowing Costs Drop to Record at Zero-Coupon Debt Sale<\/a>) while Etihad is on the brink of entering Alitalia<\/strong> (The Hindu, <\/em>June <\/em>27 – Etihad agrees to acquire 49% of Alitalia; deal soon<\/a>). The agreement will allow the Emirate company to complete its global presence (Bloomberg Businessweek, <\/em>June <\/em>27 – With Alitalia, Etihad Adds to Its Global Stable of Airlines<\/a>). In addition, foreign investors seemed attracted by the public real estate agency\u2019s offering of historical properties (Wall Street Journal, <\/em>July 1 – Italy Encounters a Chilly Market for Pieces of History<\/a>), and the Financial Times<\/em> reported on the managerial success in the world of SMIs. Dallara<\/strong>, explained the British paper, has based its top level technological success on innovation and knowledge (July 2 – Dallara Automobili: knowledge company<\/a>).<\/p>\n

Meanwhile, Reuters<\/em>, reported on an Italian investment abroad: Amplifon<\/strong> is showing interest in its French rival Audika (27 – Italy’s Amplifon looking at French rival Audika<\/a>), and La Vanguardia<\/em> ran a blog post about the 100 years of activity of the Italian Chamber of Commerce in Barcelona<\/strong>, a presence that started with the Catalan port and grew with the close ties between the city and Italy (June <\/em>29 – Cien a\u00f1os de italianidad<\/a>).<\/p>\n

Culture and food<\/strong> \u2013 As always, the foreign press wrote about Italian culture, life and style. One of the major stories was the restoration of the Trevi Fountain, <\/strong>sponsored by Fendi<\/strong> (July 1  in The Times<\/em> – Rome\u2019s Trevi fountain gets fashion facelift with \u00a32m Fendi makeover<\/a>* and El Pais<\/em> – Arrancan las obras de restauraci\u00f3n de la Fontana de Trevi<\/a>). The Spanish paper also reviewed Bob Rondelli<\/strong>\u2019s latest record and its Mediterranean voluptuousness (June 2<\/em>9 – Voluptuosidad mediterr\u00e1nea<\/a>), and there were other reports on Italian cooking and the benefits of the Mediterranean diet (June 2<\/em>9 – Voluptuosidad mediterr\u00e1nea<\/a>). The Sunday Times<\/em> ran a piece on the recipes of Italian chef in London, Giorgio Locatelli<\/strong> (June <\/em>29 – The Classic: Giorgio Locatelli’s linguine with sardine and wild fennel<\/a>), and El Mundo<\/em> reported the new proposals of Costa<\/strong> for culinary cruises  (El Mundo, <\/em>June  <\/em>27 – Crucero gourmet a la italiana<\/a>). Finally, the New York Times<\/em> traveled to Italy with suggestions about where to dine gluten-free (June <\/em>29 Gluten-Free Dining in Italy<\/a>).<\/p>\n

 <\/p>\n

* marked articles viewable online upon payment or registration<\/p>\n","protected":false},"excerpt":{"rendered":"

Fineco, Rottapharm and Sisal: a rise in market prices<\/strong> \u2013 A trading debut shoots prices up (New York Times,<\/em> 2  –  FinecoBank Shares Rise in Trading Debut in Italy<\/a>) after a demand for shares that amounted to three times the offer (Reuters, <\/em>June <\/em>27  – IPO of UniCredit unit<\/p>\n","protected":false},"author":2357,"featured_media":0,"template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"freetags":[],"tipologiapin":[2375],"tag_tecnica":[],"temi_aspen":[],"attivita_internaz_in_essere":[],"attivita_internaz_concluse":[],"studi_e_ricerche":[],"class_list":["post-72083","pin","type-pin","status-publish","hentry","tipologiapin-foreign-press-italys-success-stories"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/pin\/72083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/pin"}],"about":[{"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/types\/pin"}],"author":[{"embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/users\/2357"}],"version-history":[{"count":0,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/pin\/72083\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/media?parent=72083"}],"wp:term":[{"taxonomy":"freetags","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/freetags?post=72083"},{"taxonomy":"tipologiapin","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/tipologiapin?post=72083"},{"taxonomy":"tag_tecnica","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/tag_tecnica?post=72083"},{"taxonomy":"temi_aspen","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/temi_aspen?post=72083"},{"taxonomy":"attivita_internaz_in_essere","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/attivita_internaz_in_essere?post=72083"},{"taxonomy":"attivita_internaz_concluse","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/attivita_internaz_concluse?post=72083"},{"taxonomy":"studi_e_ricerche","embeddable":true,"href":"https:\/\/www.aspeninstitute.it\/en\/wp-json\/wp\/v2\/studi_e_ricerche?post=72083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}