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Rome in the crosshairs as Draghi sharpens ECB's monetary scissors

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We don’t know if the rumors are true that Italy's PM checks Italian-German bond yield spreads several times a day are true. But as the ECB ends stimulus and Rome refuses to budge on its budget, he might want to start. Reported by Deutsche Welle 3 hours ago.

Italy's Salvini says wants budget deal with EU "but on our terms"

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Deputy Prime Minister Matteo Salvini said on Thursday he wanted a deal with the European Commission over Italy's budget but gave no suggestion he was willing to compromise to find one. Reported by Reuters India 3 hours ago.

Global Acute Kidney Injury (AKI) Epidemiology Forecast Report 2016-2027: Total Incident Population in 7MM Found to be 1,516,635 in 2016 - ResearchAndMarkets.com

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Global Acute Kidney Injury (AKI) Epidemiology Forecast Report 2016-2027: Total Incident Population in 7MM Found to be 1,516,635 in 2016 - ResearchAndMarkets.com DUBLIN--(BUSINESS WIRE)--The "Acute Kidney Injury (AKI) - Epidemiology Forecast" report has been added to ResearchAndMarkets.com's offering. Total incident population of Acute Kidney Injury (AKI) in 7 major markets was found to be 1,516,635 in 2016. Acute Kidney Injury (AKI) - Epidemiology Forecast to 2027' report delivers an in-depth understanding of the disease, historical & forecasted epidemiology of Acute Kidney Injury in the United States, EU5 (Germany, Spain, Italy, France and United Reported by Business Wire 4 hours ago.

FIFA president slams chaos and 'absurdity' of Italy's lower leagues

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FIFA president slams chaos and 'absurdity' of Italy's lower leagues FIFA president Gianni Infantino labelled the chaos in Italy's lower divisions an 'absurdity.' Reported by MailOnline 3 hours ago.

Desirée Mariottini killing: Migrants held in Italy over girl's death

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Desirée Mariottini killing: Migrants held in Italy over girl's death Symbol copyright AFP Symbol caption The sufferer’s frame was once present in a squat within the San Lorenzo house of Rome identified for drug trafficking 3 migrants from Senegal and Nigeria were arrested via police investigating the rape and killing of a woman whose dying has been seized upon via the populist proper. The frame … Reported by The News Articles 3 hours ago.

Maika Monroe Debuts 'Hot Summer Nights' Solo at Rome Film Fest 2018!

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Maika Monroe strikes a pose on the red carpet while attending the premiere of her latest film Hot Summer Nights during the 2018 Rome Film Fest at the Auditorium Parco Della Musica on Wednesday (October 24) in Rome, Italy. The 25-year-old actress rocked a Valentino gown paired with Bulgari jewels and Brian Atwood shoes. Hot [...] Reported by Just Jared 1 hour ago.

Gold fails to stay above $1230 as Wall Street rebounds

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· *Risk-on mood weighs on traditional safe-havens.*
· *Nasdaq Composite adds more than 2% on Thursday.*
· *US Dollar Index surges to its highest level in more than two months.*

The XAU/USD pair, once again, failed to preserve its bullish momentum above the $1230 mark on Thursday and turned negative in the NA session as the improving market sentiment made it difficult for the precious metal to find demand. As of writing, the pair was losing $5, or 0.4%, on the day at $1229.

Strong gains witnessed in Microsoft's shares on the back of upbeat Q3 earnings figures, the technology sector rebounded on Monday and helped the Nasdaq Composite Index add nearly 3% during the first half of the session. Additionally, the Dow Jones Industrial Average and the S&P 500 indexes were last seen up 1.5% and 1.7%, respectively.

On the other hand, with today's ECB meeting reminding investors of the diverging monetary policies between the Fed and other major central banks, the US Dollar Index extended its march north and touched its highest level since mid-August at 96.68 to reveal a broadly stronger greenback. At the moment, the index is up 0.25% on a daily basis at 96.62. Furthermore, the upbeat data from the U.S. provided an additional boost to the dollar.

· *US: Orders for durable goods in Sep. increased 0.8% to $262.1 billion.*
· *US: Pending home sales rise 0.5% in September following August's 1.9% decline.*

Commenting on the market reaction to today's ECB meeting, "With the US growing almost twice as fast as the EU, the Fed two years into rate normalization which the ECB has no plans to begin, and Italy and Brexit chipping away at European unity, the euro is set up for a fourth-quarter swoon," FXStreet Senior Analyst Joseph Trevisani said.

*Technical levels to consider*

The pair could encounter the first support at $1222 (Oct. 24 low) ahead of $1215 (Oct. 12 low) and $1205 (50-DMA). On the upside, resistances align at $1235 (Oct. 24 high), $1240 (Oct. 24 high) and $1248 (Jul. 12 high).  Reported by FXstreet.com 2 hours ago.

Juventus president ‘very calm’ over Ronaldo rape accusation

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TURIN, Italy (AP) — Juventus president Andrea Agnelli is standing by Cristiano Ronaldo as the soccer superstar faces an accusation of rape in the United States. Speaking at a club shareholders meeting, Agnelli says “when there are problems I tend to look people in the eyes, ask them the questions directly and them judge them […] Reported by Seattle Times 1 hour ago.

Pacific Shore Stones Showcases Material in Austin 2018 Parade of Homes

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Material from Pacific Shore Stones is featured in two homes at the 63rd Annual Parade of Homes at Travisso in Leander

AUSTIN, Texas (PRWEB) October 25, 2018

Pacific Shore Stones is pleased to announce their participation in the 63rd Annual Parade of Homes in Austin. The Parade of Homes features luxury homes from leading custom builders at Travisso in Leander. The Parade opened this past weekend and runs through Sunday, November 4. Materials including marble, quartzite, Neolith and quartz from Pacific Shore Stones are featured in the kitchens of the homes by Aluxa Custom Homes and Glazier Homes.

In the Aluxa Custom Home, three different materials from Pacific Shore Stones were selected for the open-plan kitchen: Calacatta Paonazzo marble, Calacatta Gold marble, and Neolith Calacatta Gold (a man-made sintered surface). The interior designer was Melissa Clement Designs, with installation by Hector Bravo from Premier Granite Solutions. The realtors selling the house are Jarah Bergmann and Tina Domino. The hilltop transitional home features sky views in every room, and is designed for comfort, entertainment and functional living. The lot was selected for its topography and privacy, allowing for an expansive outdoor experience at all three of its levels.

In the Glazier Home, Bianco Superiore quartzite and Calacatta Santorini Pacshore Quartz from Pacific Shore Stones were chosen for the kitchen countertops and island which were fabricated by Annie Doyle and Ruben Castillo at Phoenix Stone and Laminate. The one-story Scandinavian Farmhouse is a one-of-a-kind entertainer’s paradise. The house was intentionally designed to make the most of the rare views only available in the Texas Hill Country. Jared Glazier, of Glazier Homes, won Best Kitchen for the house, a 2018 Excellence Award presented by The Home Builders Association (HBA) of Greater Austin.

Also featured in the Parade of Homes this year are homes by Hill Country Artisan and Vogel Builders. The Hill Country Artisan home features Caesarstone quartz on its kitchen countertops, which is available from Pacific Shore Stones. The Parade of Homes runs from October 19 through November 4. The event provides the public an opportunity to learn about the latest trends in architectural, interior design and landscaping. For more information about products from Pacific Shore Stones, visit https://pacificshorestones.com/#products

About Pacific Shore Stones

Pacific Shore Stones is a leading importer of natural stone, quartz and premium surfaces. Established in 2004, the company offers a wide selection of granite, marble, travertine, quartzite, onyx, limestone, soapstone, quartz and sintered surfaces. Pacific Shore Stones has developed joint ventures with quarries across the world, built on strong relationships, providing access to the finest blocks. The company owners regularly visit quarries in places such as Brazil, Italy, Spain, India and Turkey, enabling them to keep up with new trends and to purchase unique stones.

The company distributes high quality, hand-selected surfaces through multiple company-owned distribution centers across the U.S. Each center has a large inventory of over 120 colors plus knowledgeable staff delivering expertise and first class customer service.

Headquartered in Austin, Texas, the company has distribution centers in Arroyo Grande, Bakersfield, Birmingham, Charleston, Fresno, Greenville, Irvine, Little Rock, Los Angeles, Modesto, Oklahoma City, Olive Branch, Oxnard, San Antonio, Springdale and Tulsa. Reported by PRWeb 2 hours ago.

Nada's Italy Joins American Heart Association In Community Outreach Event With Trilogy Lake Norman

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The AHA Joins A 55+ Active Lifestyle Community And Italy Tour Company To Raise Awareness About Heart Health Through An Event That Celebrates Life on Nov. 3rd

CHARLOTTE, N.C. (PRWEB) October 25, 2018

Exclusive Italy travel specialist, Nada's Italy will put a different spin on its annual traveler appreciation event, focusing on wellness and heart health: two things that Italians are great ambassadors of. This year the celebration will be hosted by Trilogy Lake Norman, a luxury 55+ active lifestyle community, and joining the venue is The American Heart Association. This Italian-themed event is to inspire attendees to engage in a healthy lifestyle, the essential key to being able to explore the world and live life to the fullest, all concepts that are strongly promoted by Trilogy Lake Norman, Nada's Italy, and the AHA alike.

Nada's Italy was started by Italian-born Nada Vergili, an expat from Florence who moved to the USA and developed the business in 2004 with a strong passion for sharing her culture with the American public. She coined an intriguing slogan "Tours for people who don't go on tours.", catering to active adult travelers wanting to experience Italy in a more intimate, stress-free, relaxed way, without the high-paced structured schedules of large-scale tours. As many of Nada's clients are in the retirement age, partnering with active lifestyle communities to educate residents on the benefits of traveling at all stages of life seemed like a natural fit. The AHA shares in that vision, as their corporate mission is "to be a relentless force for a world of longer, healthier lives."

Trilogy®, a division of Shea Homes®, offers full-service, resort-style communities where sporting activities, social events, live concerts, classes, culinary experiences, and affinity clubs encourage residents to have fun every day and connect with those around them. In the beginning of 2018, Trilogy® brought Nada's Italy as a preferred partner into its exclusive nationwide travel program Explore 360, dedicated to those who never stop learning and exploring.

Nada's intention for this special event is to join like-minded individuals under one roof and share a taste of the Italian way of life, while raising awareness about the importance of prevention and taking care of one's heart. Nada's Italy will donate a portion of profits from the night to The American Heart Association. Nada invites those with a passion for philanthropy and travel to join her for this momentous occasion. The event is on Saturday, November 3rd from 3pm - 6pm and is free to attend.

6844 Shoal Creek Dr. Denver, NC 28037 Reported by PRWeb 2 hours ago.

Italy fines Apple and Samsung for slowing down older phones

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Italy fines Apple and Samsung for slowing down older phones The Italian anti-trust company has fined Apple and Samsung substantial quantities of cash for deliberately slowing down older telephones with device updates — and added a 2d effective for Apple. The submit Italy fines Apple and Samsung for slowing down older telephones seemed first on Virtual Tendencies. Reported by The News Articles 2 hours ago.

Juventus president 'very calm' over Ronaldo rape accusation

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TURIN, Italy (AP) — Juventus president Andrea Agnelli is standing by Cristiano Ronaldo as the soccer superstar faces an accusation of rape in the United States.Speaking at a club shareholders meeting, Agnelli says "when there are... Reported by New Zealand Herald 2 hours ago.

Italy Will Not Change 'Even Comma' in Draft Budget Rejected by EU - Deputy PM

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Reported by RIA Nov. 2 hours ago.

Napoli not selling Allan

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According to reports in Italy, Napoli aren’t interested in selling Allan. The club’s president Aurelio Di Laurentiis made the revelation, and also stated that he feels like the midfielder is worth around €90 million. The 27 year old is currently under contract with the club until at least 2023, and he only seems to be getting […]

The post Napoli not selling Allan appeared first on Soccer News. Reported by SoccerNews.com 57 minutes ago.

EUR/GBP: bulls march forward, eye 0.89 the figure and key resistance

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· *EUR/GBP bulls remain in control, extending the bullish reversal from the 0.8720s as sterling takes a knock across the board while the dollar digs its heels in on a solid footing of the 96 **handle** and trades at its highest since August.*
· *ECB leaves its policy rate unchanged and reduced monthly QE purchases to $15 billion until the end of the year -  Draghi recognized economic weakness, eurozone fragility, but expecting the underlying inflation to pick up towards the end of the year. *
· *"GBP is subject to more intense pressure running into year-end as the time for achieving a workable Brexit deal is now running very short," analysts at Scotiabank.*

EUR/GBP has been in a steady rising channel for the month of October, correcting the late summertime sell-off from a pip or so from the 0.91 handle, currently capped by the Weekly 21-SMA at 0.8878, having scored a high on Thursday in early NY of 0.8883.

The pair is fulled by continued Brexit angst, even though it seems that PM May has perhaps done enough to fend off a leadership challenge, for now. The saga goes on and some are even speculating that a proposed extension to the transition period under May's leadership and subsequent of weak negotiations will drag on forever, well almost forever - warning of a “long-running” multi-year transition. Also, the risks of a no deal seem still very much realistic - UK Brexit Secretary Dominic Raab said today that the risk of no deal is real if the EU engages in an intransigent approach.

· *Draghi speech: Still confident that good common sense solution will be found for Brexit*

"We continue to feel that the GBP is subject to more intense pressure running into year-end as the time for achieving a workable Brexit deal is now running very short," analysts at Scotiabank argued.

*ECB left monetary policy unchanged but warns of risks*

Meanwhile, the ECB left monetary policy unchanged at its meeting today, as widely expected but the euro dropped on the back of Draghi's negative affirmation surrounding the risks imposed by Italy and that the monetary union was fragile, despite still expecting that underlying inflation will rise, and for the most part sticking to script. "We expect the ECB will underscore that asset purchases will end in Dec but the characterization of the economic outlook (which the president has said is “broadly balanced”) amid rising challenges may shape market expectations regarding when interest rates may rise (we assume H2 2019)," analysts at Scotiabank explained.



"With the US growing almost twice as fast as the EU, the Fed two years into rate normalization which the ECB has no plans to begin, and Italy and Brexit chipping away at European unity, the euro is set up for a fourth quarter swoon," 

- Joseph Trevisani, Senior Analyst at FXStreet.



*EUR/GBP levels*

EUR/GBP bulls continue their quest for a test of the 55-DMA and key resistance line up at 0.8903/02 which guard the August highs at 0.91 the figure. On the wide, we have the 0.9161 Fibonacci resistance before 0.9291 as the 2009-2018 downtrend line. On the flipside, bears need to get back below the 0.8723 Fibonacci retracement which is guarding the 8700/.8697 June low. 
  Reported by FXstreet.com 1 hour ago.

ECB sticks to stimulus exit, downplaying 'bunch of uncertainties'

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The European Central Bank stuck to plans on Thursday to claw back unprecedented stimulus, even as the growth outlook continues to darken and political turmoil in Italy looms large over the currency bloc. Reported by Reuters India 47 minutes ago.

Italy's Savona: ECB should indicate solutions to problems in banking system

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Italy's European Affairs Minister Paolo Savona recently crossed the wires arguing that banks could be put in a difficult situation if Italy - Germany bond yield spread rises and nobody intervenes. "The ECH should indicate solutions to problems in the banking system, potentially intervene if there is a crisis," Savona further added, as reported by LiveSquawk.

  Reported by FXstreet.com 53 minutes ago.

IGY Marinas Completes $25 Million Dollar Redevelopment of Maximo Marina, St. Petersburg, FL

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Maximo Marina continues to be the largest covered boat slip marina in Florida, boasting covered wet slips for vessels up to 100 feet in length.

ST. PETERSBURG, Fla. (PRWEB) October 25, 2018

IGY Marinas, announced today the $25 million renovation at Maximo Marina in St. Petersburg, Florida is complete. IGY has overseen all aspects of design, redevelopment and operations of the marina since 2015, on behalf of the owner, Bixby Bridge Capital, a private real estate investor and lender. The marina was completely redeveloped over the last 18 months, with ORION Construction serving as the general contractor for the project. The marina continues to be the largest covered boat slip marina in Florida, boasting covered wet slips for vessels up to 100 feet in length.

“This was a complex project from a design, permitting and execution standpoint. The marina was over 50 years old and IGY took great care to ensure that this marina was redesigned to be responsive to the market and the evolving sizes of vessels both for today and for the next 50 years. IGY worked with us to ensure that all the critical customer touchpoints were addressed and that the uniqueness of the marina was maintained, all while making sound cost-benefit recommendations. IGY was able to institute a phasing plan that allowed a portion of the marina to stay open throughout construction which was very important to our customers. We are very pleased that IGY and ORION were able to deliver this project on time and under budget,” said Steven Fass, a principal at Bixby.

Maximo Marina’s transformation now provides world-class amenities such as floating concrete docks, state of the art fuel dock, covered slips for vessels up to 100 feet, boat lifts for vessels up to 36 feet (24K lbs.), complimentary Wi-Fi on gigabit enabled fiber network around the marina basin, renovated support facilities, and the opening of Getaway Maximo Restaurant (the largest restaurant opening in south St. Petersburg in more than a decade).

With all major phases of construction complete, Maximo Marina has the ability to welcome more than 200 vessels in wet slips, 142, of which, are covered and 58 equipped with boat lifts. The facility can also accommodate an additional 88 vessels within inside storage racks and another 200 vessels in outside dry storage racks. The covered boat lift slips are a product offering that enhances our existing dry stack marina product because customers can use their boats on their own schedules, independent of the lift-well hours of operation, while still having a protecting environment for the boat. “It’s a very unique product,” says general manager Lee Hicks. Maximo Marina also features a full-service facility offering haul outs for vessels up to 50 tons giving it the ability to service any and all boats in the marina.

IGY Marinas is well known in the industry as a leading marina operator. A lesser known fact is that IGY Marinas also features an in-house development and construction services team that has undertaken marina projects all over the world. This combination of development and operating experience positions IGY Marinas at the leading edge of the marina management industry. “We are pleased to have the opportunity to work with Bixby and provide third-party development and operational management services on this very unique project. Boaters are seeking innovative marina amenities and services combined with added-value destination offerings and we were pleased that the marina owners called on us to help them achieve their goal,” said Tom Mukamal, CEO of IGY Marinas.

The Maximo Marina redevelopment is a critical component to the revitalization of the Skyway Marina District, one of five special commercial districts in the City of St. Petersburg – the marina is open with plans to participate in the block party celebrating the fifth anniversary of the Skyway Marina District on October 6th .

About Maximo Marina

Billed as the largest marina on Florida’s West coast with over 200 slips in a protected harbor Maximo Marina has been offering clients calm waters, safe berthing, and easy access to the Intracoastal Waterway since 1960. Managed under the IGY flag, the marina boasts award-winning service for which the company is known, as well as the ability to host yachts in excess of 100 feet (30 meters) in length. With a 200’ wide direct channel to open waters the marina provides unparalleled freedom to explore routes along the Great Loop, star gaze afloat Lake Okeechobee, or take a shortcut across the Florida Peninsula. Conveniently situated in the heart of the St. Petersburg-Tampa area, Maximo Marina’s location offers an array of shopping, dining, and entertainment options. Guests can enjoy two of the top 10 beaches in the United States as stated by TripAdvisor, and popular attractions such as Busch Gardens Tampa Bay and the world-renown Dali Museum, which houses the largest collection of Salvador Dali art in the Western hemisphere. The marina is also just a short ride away from the Tampa International Airport.
http://www.igy-maximomarina.com/

About IGY Marinas

Based in Fort Lauderdale, FL, IGY Marinas is one of the largest international marina company in the world and a leading point of contact for vessels in the western hemisphere. The company’s network includes 17 marinas operating in 10 countries, United States, Mexico, Costa Rica, Panama, Colombia, Turks & Caicos, St. Maarten, St. Lucia, France, and Italy; more than 9,000 unique vessels serviced annually and approximately 100,000 customers each year. With more than 3,000 slips under management, IGY Marinas caters to a variety of markets, including megayacht, sportfish, cruise, and sail. With more than 400 purpose built slips accommodating vessels between 80’ (24m) to 800’ (243m), IGY’s marinas serve as leading destination ports for some of the world’s largest yachts - servicing more than 1,500 superyachts per year.

Additionally, IGY Marinas boasts one of the world’s leading large-vessel support networks, the IGY Anchor Club Strategic Partners, which encompasses an array of services from provisioning to crew training, along with health and maritime travel. IGY Marinas also hosts top international sailing, fishing and nautical-related events, making its marinas highly sought‐after maritime activity destinations. With a passion for giving back on a global scale, the company supports its marinas twice a year as part of its “Inspire Giving through You” philanthropic initiative. http://www.igymarinas.com Reported by PRWeb 14 minutes ago.

Breaking News: US GDP beats with 3.5%, USD looks strong

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The US economy grew by 3.5%, above 3.3% expected. The PCE Prices component rose by 1.6% and so did the Core PCE. The Deflator advanced by 1.4%. 

Personal consumption is up by 4% against 3.3% projected. Final sales are up 3.1% after 4.3% beforehand. 

The greenback is marginally higher in the immediate aftermath. It had already made big gains ahead of the release.

-- more to come --

-Follow our live coverage of the US GDP release and the impact on currencies-

The US was expected to report annualized GDP growth of 3.3% in the Q3 2018, slower than 4.2% in Q2, which was the highest in four years. 

The US Dollar and the Japanese Yen were marching forward ahead of the publication amid the sell-off in stock markets. Concerns about the Brexit impasse, the clash between Italy and the European Commission, the Fed's hawkish policy, and tariffs all weigh on equities and investors are flocking into safe-haven assets.

** Reported by FXstreet.com 6 hours ago.

Behind the Clash Over Italy’s Budget, a Fear of Populism

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The European Union fended off the challenge of Greek debt, but doing so with the Italian budget crisis could be much harder. Reported by NYTimes.com 6 hours ago.
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