New answers tagged rxvt
For pasting text, in urxvt/rxvt-unicode you can use middle button to paste PRIMARY selection and Alt/Meta + middle button to paste CLIPBOARD. For copying, just marking the text in the terminal copies it to the PRIMARY selection. Some work is needed for copying to the CLIPBOARD selection though. I combined the information from the Archlinux page you linked ...
I'm adding this answer because the others are out of date. Emacs 24.5 does correctly display italic faces in terminals. This is emacs 24.5 running in a terminal (emacs -nw). The terminal is uxvrt and the setup in my .Xdefaults is: URxvt*termName: rxvt-unicode-256color URxvt.font: xft:DejaVu Sans Mono:size=9
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