Dec 31 (OPTA) - The World Rankings on Dec 16 Rnk Prv Total 1. (1) Brooks Koepka (US) 426.37 2. (2) Justin Rose (England) 475.77 3. (3) Dustin Johnson (US) 379.50 4. (4) Justin Thomas (US) 394.30 5. (5) Bryson DeChambeau (US) 368.40 6. (6) Jon Rahm (Spain) 335.66 7. (7) Francesco Molinari (Italy) 309.98 8. (8) Rory McIlroy (Northern Ire
Reported by Reuters India 15 minutes ago.
World Rankings
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Travelers who spend the most abroad
Travelers hailing from these 10 countries spend the most while traveling abroad. Among them are Italy, Russia and Canada.
Reported by USATODAY.com 29 minutes ago.
Reported by USATODAY.com 29 minutes ago.
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Davis Cup: Asian Games gold medalist Divij Sharan returns, Sriram Balaji dropped for Italy tie
Asian Games gold medalist Divij Sharan is set to play only his second-ever Davis Cup tie and first since 2012 after being included in the Indian team for the World Group Qualifier rubber against Italy, scheduled for February 1-2 in Kolkata.
Reported by DNA 25 minutes ago.
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Venice to charge all visitors to access historic center
VENICE, Italy (AP) — The mayor of Venice says Italy's new budget law will allow the lagoon city to charge all visitors for accessing the historic center, not just those spending the night. Mayor Luigi Brugnaro announced on Twitter late Sunday that the tax will be extended to include anyone arriving in the city to "allow us to manage the city better and to keep it clean," and "allow Venetians to live with more decorum." The city council will determine the tax amount and collection mode. Some 25 million people visit Venice each year, with about one-fifth spending at least one night in the historic center. Overnight visitors are currently charged a small tax per night.
Reported by SeattlePI.com 1 day ago.
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Venice to charge day-trippers for access to city center
A measure in Italy's 2019 budget law will allow the local government in Venice to charge day-trippers for access to the city's historic center as a way to help defray the considerable costs of maintaining a popular tourist destination built on water, the mayor said.
Reported by FOXNews.com 22 hours ago.
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There will be a rally in the financial markets in 2019 - Natixis
Analysts at Natixis, point out that the deterioration seen in financial markets in the US and the Eurozone is compatible with a recession scenario and not with a cyclical slowdown scenario. They believe that the right scenario for 2019 is one of a cyclical slowdown and they consider that once investors turn to the mentioned scenario, risk premia in all financial markets will fall sharply and the markets will rally.
*Key Quotes: *
“We look at financial markets in the United States and the euro zone. Their very depressed level currently is compatible with the assumption of a recession in 2019. However, we believe there will be a cyclical slowdown and not a recession.”
“This is first due to the fact that financial markets are overestimating the risks (Brexit, trade war, Italy, declining liquidity, leverage), and also the fact that financial markets believe that some countries (Italy) may pull out of the euro, which is impossible.”
“Is also due to the fact that financial markets fail to take into account a number of factors supporting activity (low interest rates, expansionary fiscal policies, lack of inflation, rising corporate profitability, solidity of companies' financial situation).”
“Once investors switch from a crisis scenario to a cyclical slowdown scenario, there will be rally in financial markets with a major decline in all risk premia.”
“The deterioration in the euro-zone markets is due to the return of expectations of a break-up of the euro; we have to keep in mind that the huge size of the euro-zone countries’ gross external debt, mainly in euros, makes an exit from the euro impossible.
“The trade war between the United States and China will perhaps not take place, and if it takes place, it will have a very limited impact on the economies.”
“Yet we believe there will be a cyclical slowdown, a soft landing, and not a recession in the United States and the euro zone.”
Reported by FXstreet.com 22 hours ago.
*Key Quotes: *
“We look at financial markets in the United States and the euro zone. Their very depressed level currently is compatible with the assumption of a recession in 2019. However, we believe there will be a cyclical slowdown and not a recession.”
“This is first due to the fact that financial markets are overestimating the risks (Brexit, trade war, Italy, declining liquidity, leverage), and also the fact that financial markets believe that some countries (Italy) may pull out of the euro, which is impossible.”
“Is also due to the fact that financial markets fail to take into account a number of factors supporting activity (low interest rates, expansionary fiscal policies, lack of inflation, rising corporate profitability, solidity of companies' financial situation).”
“Once investors switch from a crisis scenario to a cyclical slowdown scenario, there will be rally in financial markets with a major decline in all risk premia.”
“The deterioration in the euro-zone markets is due to the return of expectations of a break-up of the euro; we have to keep in mind that the huge size of the euro-zone countries’ gross external debt, mainly in euros, makes an exit from the euro impossible.
“The trade war between the United States and China will perhaps not take place, and if it takes place, it will have a very limited impact on the economies.”
“Yet we believe there will be a cyclical slowdown, a soft landing, and not a recession in the United States and the euro zone.”
Reported by FXstreet.com 22 hours ago.
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Italy’s 5-Stars thin parliamentary ranks with 4 expulsions
MILAN (AP) — Italy’s 5-Star Movement has expelled four lawmakers from the party, including a former Coast Guard commander who once attracted publicity for ordering the captain of a sinking cruise ship to get back on board. The party, a partner in Italy’s coalition government, is known for its hard-line treatment of members caught veering […]
Reported by Seattle Times 20 hours ago.
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Rejected By Italy, Thousands Of Migrants From Africa Risk The Alps To Reach France
This year alone, some 5,000 migrants have attempted to cross from northern Italy into France, according to local municipalities and aid groups. Some have perished along the way. Many are sent back.
Reported by NPR 4 hours ago.
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LIVE SCORES: All the goals as they go in
Follow games in the UK, Spain, Italy, Germany, France and beyond with Goal's extensive match coverage!
Reported by Goal.com 2 hours ago.
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Italy's Uffizi demands return of Nazi-looted painting
Italy's Uffizi Galleries called on Germany on Tuesday to return a still-life painting by the Dutch master Jan van Huysum, which was looted by retreating Nazi troops in World War Two.
Reported by Reuters 48 minutes ago.
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Venice to charge day-trippers up to €10 for access to city
A measure in Italy's 2019 budget law will allow the local government in Venice to charge day-trippers for access to the city's historic centre as a way to help defray the considerable costs of maintaining a popular tourist destination built on water, the mayor said. The measure allows the city authorities from July to charge tourists a landing fee of between 2.5 and 10 euros ($2.9-11.5) depending on the season. The charge covers all visitors, whether they are staying overnight or not. That means it will apply to day-trippers such as the thousands of cruise ship passengers who currently escape the existing tax charged by hotels and the owners of rented properties for those staying overnight. Some 600 cruise ships stop at Venice every year, helping drive complaints that the city is being swamped by the millions of tourists who visit each year.
Reported by France 24 13 minutes ago.
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Italian ban on plastic cotton buds comes into effect
At the stroke of midnight on Tuesday, Italy said goodbye to cotton buds, as the New Year ushered in the country's latest push to eliminate single-use plastic products.
Reported by euronews 13 minutes ago.
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PHOTOS: The world rings in the New Year
It rained on the crowds in New York's Time Square on New Year's Eve. In Denver, Colorado party goers braved single digit temperatures. New Years swims and plunges into icy water ushered in the 2019 in Szigliget, Hungary an Rome, Italy. There was increased security celebrations in Paris, France but many came out to watch the fireworks over the Arc de Triomphe. Fireworks also exploded over the Sydney Harbour in Australia, in Yogyakarta, Indonesia and in in the southern Iraqi city of Basra. Bands played music in the streets of London. From Toronto to Brazil people from around the world rang in the 2019 with traditions and festivities.
Reported by Denver Post 14 hours ago.
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EUR/USD continuing to spiral around 1.1450 heading into 2019
· *Wednesday brings Markit **PMIs** to open the Fiber's new year.*
· *With early January volumes still constrained, market action remains a little wonky.*
· *Friday brings 2019's first US NFP figures, which could see Greenback traders on the sidelines until then.*
EUR/USD heads into 2019's first European market session struggling to hold onto 1.1450 as Wednesday sees the US Dollar take a leg up, with broader market sentiment twisting towards the downside, though thin market volumes and restrained trading outside of the Pacific sector is seeing the Fiber still buried deeply within familiar levels.
Wednesday brings a fresh round of Markit PMIs for the EU, with Germany's Markit PMI dropping at 08:55 GMT, followed closely by the broad EU PMI at 09:00 GMT, and both indicators are expected to hold steady at their previous readings (51.5 and 51.4, respectively), though political discourse within Europe remains tense as the European Commission juggles overblown government budgets from Italy and France, while also trying to keep a close hand on the runaway Brexit scenario with January set to test investors' confidence with critical events slated for the coming weeks.
*EUR/USD Levels to watch*
Post-holiday market volumes continue to lend themselves to twitchy price action, and as noted by FXStreet's own Valeria Bednarik:
Trading will continue to be erratic these days, with things falling back to normal the next one. Meanwhile, the EUR/USD pair offers a bullish stance short-term pressuring the 1.1460/80 resistance area. In the 4 hours chart, the 20 SMA provides an immediate support around 1.1425, advancing above the larger ones, which also present bullish slopes. Technical indicators in the mentioned chart hold into positive ground, with the RSI gaining upward traction, somehow supporting additional gains ahead.
Support levels: 1.1425 1.1390 1.1355
Resistance levels: 1.1485 1.1525 1.1560 Reported by FXstreet.com 10 hours ago.
· *With early January volumes still constrained, market action remains a little wonky.*
· *Friday brings 2019's first US NFP figures, which could see Greenback traders on the sidelines until then.*
EUR/USD heads into 2019's first European market session struggling to hold onto 1.1450 as Wednesday sees the US Dollar take a leg up, with broader market sentiment twisting towards the downside, though thin market volumes and restrained trading outside of the Pacific sector is seeing the Fiber still buried deeply within familiar levels.
Wednesday brings a fresh round of Markit PMIs for the EU, with Germany's Markit PMI dropping at 08:55 GMT, followed closely by the broad EU PMI at 09:00 GMT, and both indicators are expected to hold steady at their previous readings (51.5 and 51.4, respectively), though political discourse within Europe remains tense as the European Commission juggles overblown government budgets from Italy and France, while also trying to keep a close hand on the runaway Brexit scenario with January set to test investors' confidence with critical events slated for the coming weeks.
*EUR/USD Levels to watch*
Post-holiday market volumes continue to lend themselves to twitchy price action, and as noted by FXStreet's own Valeria Bednarik:
Trading will continue to be erratic these days, with things falling back to normal the next one. Meanwhile, the EUR/USD pair offers a bullish stance short-term pressuring the 1.1460/80 resistance area. In the 4 hours chart, the 20 SMA provides an immediate support around 1.1425, advancing above the larger ones, which also present bullish slopes. Technical indicators in the mentioned chart hold into positive ground, with the RSI gaining upward traction, somehow supporting additional gains ahead.
Support levels: 1.1425 1.1390 1.1355
Resistance levels: 1.1485 1.1525 1.1560 Reported by FXstreet.com 10 hours ago.
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Italy Markit Manufacturing PMI above expectations (48.6) in December: Actual (49.2)
Reported by FXstreet.com 6 hours ago.
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Italy: Budget pushed through parliament - Rabobank
Analysts at Rabobank point out that Italian government, on the verge of 2019, pushed its budget through parliament, a move that drew criticism from President Mattarella.
*Key Quotes*
“In a widely watched televised speech, he warned that the “lack of debate” in the run-up to meeting the 31 December deadline implied that close scrutiny of the measures was warranted in future. Mattarella was clearly playing his countervailing power act, by noting that the “high public debt penalizes the state and citizens [...]” and that “Italy has chosen to invest and live its own future in the European dimension”. The wisdom of the 77-year old head of state may well be crucial this year as renewed tensions between the Italian government and Brussels are still very much possible.”
“The upcoming elections for European parliament, which may signal a further shift towards the extremes of the political spectrum and/or nationalist parties, could embolden the Italian government in driving through its populist agenda.” Reported by FXstreet.com 5 hours ago.
*Key Quotes*
“In a widely watched televised speech, he warned that the “lack of debate” in the run-up to meeting the 31 December deadline implied that close scrutiny of the measures was warranted in future. Mattarella was clearly playing his countervailing power act, by noting that the “high public debt penalizes the state and citizens [...]” and that “Italy has chosen to invest and live its own future in the European dimension”. The wisdom of the 77-year old head of state may well be crucial this year as renewed tensions between the Italian government and Brussels are still very much possible.”
“The upcoming elections for European parliament, which may signal a further shift towards the extremes of the political spectrum and/or nationalist parties, could embolden the Italian government in driving through its populist agenda.” Reported by FXstreet.com 5 hours ago.
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Uffizi asks to Germany to return painting stolen by Nazis
MILAN (AP) — The director of the Uffizi Gallery in Florence is urging Germany to return a Dutch masterpiece stolen by Nazi troops during World War II. Eike Schmidt said in a New Year's appeal on Tuesday that the still-life "Vase of Flowers" by Dutch artist Jan van Huysum is in the hands of a German family who hasn't returned it despite numerous appeals. Instead, intermediaries for the family have demanded payment for its return to Italy. Schmidt said "the painting is already the inalienable property of the Italian State, and thus cannot be 'bought.'" The oil on canvas had been hanging as part of the Pitti Palace collection in Florence from 1824 until the outbreak of World War II.
Reported by SeattlePI.com 3 hours ago.
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Administrators called in for troubled Italian bank
MILAN (AP) — The European Central Bank has appointed temporary administrators for Italian bank Carige in a bid to save the troubled lender. Wednesday’s move followed the resignation of the board majority after a failed capital-raising exercise. Italy’s market regulator has suspended trading in the bank’s shares. The bank based in Genoa failed to win […]
Reported by Seattle Times 2 hours ago.
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Bertone name revived for electric supercar project
One of Italy's oldest design houses, Stile Bertone, succumbed to bankruptcy in 2014, with the last of the company's assets put up for sale last November. Included among the assets were the rights to the use of the Bertone name, which were acquired by French engineering firm AKKA Technologies and licensed to Italy's Flymove, a mobility company...
Reported by MotorAuthority 49 minutes ago.
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Europe off the beaten path: Discover the continent's remote attractions
Hidden gems for tourists in Italy, Portugal, Ireland and more.
Reported by Newsday 1 day ago.
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