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  • Italian Defense Group Faces Fallout From India Crisis Thursday, 14 Feb 2013 | 11:43 PM ET
    Giuseppe Orsi, chief executive officer of Finmeccanica SpA, left, and general manager Alessandro Pansa

    The new head of Italian defense group Finmeccanica has inherited a corruption crisis over a $750 million helicopter deal with India that risks hurting the company's business.

  • European Shares Post Worst Daily Fall for a Month Wednesday, 30 Jan 2013 | 10:11 AM ET

    European shares suffered their biggest daily drop this month after gloomy earnings and weak U.S. economic data hit sentiment on Wednesday and left some positioning for further falls in the near-term.

  • Cheap Energy Luring Manufacturing Back to the US Saturday, 26 Jan 2013 | 3:20 AM ET
    FILE -- A  May 28, 2008 file photo shows the Dow Chemical Co. industrial site is seen in Midland, Mich.  Dow Chemical Co.‘s second-quarter net income fell 34 percent as weaker demand led to lower prices, the company reported Thursday July 26, 2012.   (AP Photo/Steven Simpkins, file)

    Corporate chieftains gathered in Davos, Switzerland this week see reason to be optimistic that the shale boom can re-industrialize the US economy and drive not only U.S. but also global growth.

  • Euro Is Probably Overvalued: Eni Chair     Friday, 25 Jan 2013 | 11:50 AM ET

    It is difficult to export and compete with the U.S. due to the high euro/dollar exchange rate, which should be around parity, says Giuseppe Recchi, chairman of Italy's Eni.

  • Eni to Invest $8 Billion to Boost Libya Production Monday, 17 Dec 2012 | 3:17 AM ET

    Italy's Eni plans to invest $8 billion in Libya over the next 10 years to develop its upstream business as it moves to strengthen its grip as the leading international oil and gas producer in the country.

  • Shale Gas Will Transform US Economy: Eni Chairman Friday, 14 Dec 2012 | 5:13 PM ET
    ENI

    The boom in U.S. natural gas production is changing industry dynamics in Europe and Asia, chairman of Italy's Eni, Giuseppe Recchi, told CNBC's "Closing Bell" on Friday.

  • FACTBOX-UK utilities' latest tariff changes Friday, 12 Oct 2012 | 11:50 AM ET

    LONDON, Oct 12- Britain's' Big Six' energy suppliers, which control 99 percent of the market, are expected to increase energy tariffs this winter following a rise in underlying wholesale prices, network costs and mandatory government schemes to reduce carbon emissions and help disadvantaged households.

  • Europe Power-Spot up, curve near 2012 lows Friday, 12 Oct 2012 | 10:30 AM ET

    In France, workers at E.ON coal-fired plants were striking again on Friday, having started selected actions on Monday in a dispute over site closures and job losses. Monday baseload in France was up by 12.25 euros at 58.50 euros a megawatt hour.

  • FRANKFURT/ VIENNA, Oct 12- Austrian energy group Verbund AG is in talks regarding its business in Turkey and is exploring a range of options from scaling back to expanding, it said on Friday.

  • Verbund says in strategic talks about Turkey ops Friday, 12 Oct 2012 | 6:56 AM ET

    FRANKFURT, Oct 12- Austrian energy group Verbund. is in strategic talks regarding its business in Turkey, it said on Friday. Sources close to the deal had told Reuters in August that Germany's biggest power company, E.ON, was in talks to expand in Turkey by buying a stake in energy firm Enerjisa from Verbund.

  • PARIS, Oct 12- French striking workers halted production at German power group E.ON' s four coal-fired power plants in France on Friday, cutting about 3,000 MW in output capacity, a trade union representative said.

  • Italy - Factors to watch on Oct. 12 Friday, 12 Oct 2012 | 12:00 AM ET

    The governor of Lombardy refused to resign over a widening graft scandal on Thursday but said he would appoint a new government for Italy's wealthiest and most populous region, adding to political disarray six months from general elections.

  • PensionDanmark invests in infrastructure to boost returns Thursday, 11 Oct 2012 | 11:00 AM ET

    COPENHAGEN, Oct 11- PensionDanmark became the latest manager of retirement funds to branch out in the hunt for higher returns, saying it would invest 1.6 billion euros in energy infrastructure in Europe and the United States.

  • Germany eyes cap for support for wind power, biomass Thursday, 11 Oct 2012 | 9:34 AM ET

    BERLIN, Oct 11- Germany's environment minister outlined plans on Thursday to limit support for wind energy and biomass generation following a similar cap imposed on the photovoltaic sector, as part of a proposed reform of renewable energy policy.

  • Europe Power-Ample wind, French nuclear drag spot down Thursday, 11 Oct 2012 | 12:45 AM ET

    *More wind electricity output in Germany, France. *Unions stopped E.ON' s French thermal power plants. ,while Germany's equivalent spot contract also fell 6.85 euros to 45.15 euros per MWh.

  • MILAN, Oct 11- Consumption of refined oil products in Italy fell 14.8 percent year-on-year in September to around 5.3 million tonnes, driven by weaker demand for new cars and auto fuel, industry group Unione Petrolifera said on Thursday.

  • *Charge to rise to 5.3 cents from 3.6 cents- source. BERLIN, Oct 10- Germany's surcharge for renewable energy will rise by almost half next year, a government source told Reuters on Wednesday, intensifying the burden for consumers from the country's shift away from nuclear power.

  • ENI CEO says mulling not renewing take-or-pay contracts Wednesday, 10 Oct 2012 | 9:17 AM ET

    ROME, Oct 10- Italian oil and gas group ENI. is considering not renewing so-called "take-or-pay" contracts and is discussing the issue with Italian authorities, Chief Executive Paolo Scaroni said on Wednesday.

  • *Charge to rise to 5.3 cents from 3.6 cents- source. BERLIN, Oct 10- Germany's surcharge for renewable energy will rise by 47 percent next year, a government source told Reuters on Wednesday, putting pressure on consumers, who will bear the brunt of costs of the country's energy shift away from nuclear power.

  • BERLIN, Oct 10- Germany's surcharge for renewable energy will rise to 5.3 cents per kilowatt hour in 2013 from 3.6 cents, a government source told Reuters on Wednesday. The increase reflects the fact that increasing amounts of electricity are generated from renewable sources and that this power is bought from producers at guaranteed prices above market rates.