Parmalat probe leads to more arrests

Italian police have arrested former Bank of America executive Luca Sala as part of a probe into food group Parmalat's spectacular collapse.

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Parmalat sells US bakery

Stricken Italian firm Parmalat, still being investigated for fraud, has sold its loss-making North American Bakery Group to private equity firm Catterton Partners, reports Chris Mercer.

Citigroup fights back in Parmalat affair

Citigroup, the world's largest financial services group, hits back at the €14 billion debt-ridden Italian dairy group Parmalat, igniting a legal challenge against the administrators on Friday.

Italian water market far from saturation point

Italy is western Europe’s biggest bottled water market, with both the highest overall volumes and the largest per capita intake. But despite this flood of water, the market is far from reaching saturation as Italians turn increasingly to bottled water...