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Quake hits Italian island, one dead, 25 injured

An earthquake of magnitude 4.0 hit the tourist-packed Italian island of Ischia, off the coast of Naples, on Monday night, killing at least one person and injuring some 25 others as buildings collapsed, officials said.

Brazil to sell Eletrobras control in boldest privatization yet

Brazil on Monday floated a proposal to cede control of the country's biggest power utility, Eletrobras, in the boldest privatization yet by a government struggling to close a record budget deficit, sending Eletrobras' shares soaring in after-market trading.

DIARY-Top Economic Events to Nov 2

Political and general news ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- TUESDAY, AUGUST 22 LISBON – ECB Board member Vitor Constancio participates at a lunch session, "Inequality and the Distributional Impact of Macroeconomic Policies", of the 32nd annual congress of the European Economic Association (EEA) in Lisbon, Portugal - 1200 GMT.

Quake hits Italian island, one dead, 25 injured

An earthquake of magnitude 4.0 hit the tourist-packed Italian island of Ischia, off the coast of Naples, on Monday night, killing at least one person and injuring some 25 others as buildings collapsed, officials said.