European shares closed lower on Monday, after news of an unexpected slowdown in China sparked a commodities sell-off.» Read More
*Exor sells 15 pct stake in SGS for total 2 bln euros. *Exor wants to keep 30 pct Fiat stake in any share issue. The sale is part of plans by Exor Chief Investment Officer Shahriar Tadjbakhsh to boost the value of Exor's 8.3 billion euro investment portfolio, by concentrating on large stakes in companies such as Fiat with a global reach.
PARIS/ FRANKFURT, June 2- With better insulation, triple glazing and frugal boilers, new houses can cut energy use by up to 90 percent, which is good news for consumers but bad for utilities that vie with energy services firms for their efficiency euros.
--Clyde Russell is a Reuters market analyst. BRISBANE, May 28- It seems that virtually everybody involved in Australia's liquefied natural gas boom is convinced that it's coming to a sticky end and the country risks losing out on a second phase of investment worth more than $100 billion.
KUWAIT, May 26- Kuwaiti lawmakers have called for the scrapping of a contract to build a gas-fired power and seawater treatment plant, a newspaper said, putting pressure on an important project in the Gulf state's development plan.
KUWAIT, May 15- A ruling by Kuwait's top court next month could end a period of relative political stability, jeopardising government plans to push ahead with long-delayed economic projects.
*Nokia down as loses market share. *GDF Suez drops on stake sale. LONDON, May 14- European shares steadied near five-year highs on Tuesday after early losses, with charts pointing to further upside and improving U.S. economic fundamentals lifting the outlook for many European companies.
*Stake sales in GDF, Jeronimo Martins weigh. French utility GDF Suez fell 3.2 percent after Groupe Bruxelles Lambert said it launched the sale 2.7 percent of the capital in the company. Jeronimo Martins dropped 5.3 percent after a subsidiary of Heerema Group said on Monday it was selling a stake of up to 5 percent in the Portuguese retailer.
*Thin trading volumes as UK market closed. PARIS, May 6- European stocks stayed within touching distance of multi-year highs in thin trading on Monday, bolstered by stimulus measures from central banks that could drive further gains even as the economy struggles.
*Low volumes as UK market closed for public holiday. Trading volumes were thin with the UK stock market, Europe's largest, closed due to a national holiday. "Now that the index crossed above its 2013 high, the mood is definitely bullish," said Guillaume Dumans, co-ahead of 2 Bremans, a Paris- based research firm using behavioral finance to monitor investor sentiment.
ANKARA, May 3- Japan's Mitsubishi Heavy Industries Ltd and Itochu Corporation, with France's GDF Suez, will build Turkey's second nuclear power plant at an estimated cost of $22 billion under an agreement signed on Friday.
ANKARA, May 2- Turkey's energy minister confirmed on Thursday that the government has picked a Japanese-French consortium to build the country's second nuclear power plant, a project expected to cost an estimated $22 billion.
TOURNEMIRE, France, April 23- A long slow retreat from nuclear power in France or indecision over policy could be very risky as skilled staff retire and young people reject careers with an uncertain future, the state-funded atomic safety research institute said.
*Eurozone utilities market cap down 312 bln euros since 2008. PARIS, March 8- Every new solar panel installed on European rooftops chips away at power utilities' centralised production model.
*Morocco hopes to export energy to Europe. RABAT, March 6- In a couple of years, rows of gleaming solar panels are expected to stretch across the desert outside Morocco's southern city of Ouarzazate, part of the country's plans to meet its energy deficit with power from the sun and wind.
*Italy worries could cause March pullback. LONDON, Feb 28- European shares rose on Thursday, with utility and media stocks among the top gainers, as fresh signs of central bank support enabled equities to recoup earlier losses caused by Italy's political deadlock.
*China's first move into European nuclear seen possible in UK. LONDON, Feb 27- China could be on the cusp of one of its most sensitive European investments as costly plans for new nuclear reactors in Britain open the door to Chinese state-run firms.
*Repsol to cut debt by more than half to 2.2 billion euros. MADRID/ LONDON, Feb 26- Repsol has sold a set of liquefied natural gas assets to Royal Dutch/Shell for $4.4 billion cash, more than halving the Spanish oil company's heavy debt and extending the Anglo-Dutch group's dominant position in LNG.
*Repsol to cut debt by more than half to 2.2 billion euros. MADRID, Feb 26- Repsol has sold liquefied natural gas assets to Royal Dutch Shell for $4.4 billion in cash in a deal that will cut the Spanish oil major's net debt by more than half and ease concerns over its credit ratings.
*Britain carbon price floor starts in April. BRUSSELS/ LONDON, Feb 13- Europe's failure to raise carbon prices enough to spur green energy use means more nations are expected to follow the example of Britain and take action on their own.
*Causeway to be built by Hyundai for $2.6 billion. KUWAIT, Feb 13- Freight trucks trundle down the dusty, potholed roads of Kuwait's busiest port, running into traffic jams as they emerge into the surrounding streets.