Eni, Repsol confirm record Venezuela gas discovery Houston Chronicle | MILAN - The Italian oil company Eni and Spain's Repsol on Friday said tests have confirmed that their natural gas discovery offshore Venezuela is the largest ever in the country. | Repsol first announced the find a few weeks ago during a visit to Spain by Venezuelan President Hugo Chavez. | The di...
Barclays talks on 135 BMPS Italy branches-sources The Guardian * Barclays offering 4 million euros per branch -source * BMPS firm seeking 5 million per branch- Il Sole * Barclays looking at other bank outlets - source By Steve Slater and Nigel Tutt LONDON/MILAN, Oct 15 (Reuters) - Britain's Barclays is in talks to buy 135 Italian branches from Banca Monte dei P...
Parmalat appeals BofA, auditor lawsuit dismissals The Guardian * Parmalat appeals to U.S. 2nd Circuit Court of Appeals * Defendants accused of fraud NEW YORK, Oct 21 (Reuters) - Parmalat SpA has appealed the dismissal of its lawsuits accusing Bank of America Corp and auditor Grant Thornton LLP of fraud in the It...
GE lands $400 million order from major gas project The Guardian By Scott Malone BOSTON, Oct 21 (Reuters) - General Electric Co has received a $400 million order to supply equipment to the world's biggest new liquefied natural gas development, being built by Chevron Corp in Australia. The biggest U.S. conglomerate...
Fiat Reports Third Straight Quarterly Loss The New York Times | Filed at 1:43 p.m. ET | MILAN (AP) -- Fiat CEO Sergio Marchionne declared ''the worst has passed'' Wednesday after the Italian automaker reported an unexpected, small third-quarter profit on Wednesday. | Fiat Group SpA's net profit still plunged 95...
Fiat CEO sees higher 2010 profit in changed industry The Guardian * CEO sees profit rising 50 pct in 2010 if subsidies stay * Says economic crisis has permanently changed industry * Says the worst of market downturn has passed * Fiat, Chrysler may change volumes in different segments By Jo Winterbottom MILAN, Oct 2...
Italy fears euro could hit $1.60, hurting exports The Guardian ROME, Oct 21 (Reuters) - The euro's appreciation above $1.50 is already "bad news" for Italy's exports and there are expectations it could rise to $1.60, the government official responsible for trade said on Wednesday. Speaking after the euro-dollar ...
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ECB set to hold rates, caution on economy The Guardian * Rate decision 1145 GMT Thursday, news conference 1230 GMT * All analysts in Reuters poll expect rates on hold * Likely to say rates appropriate, economic recovery tenuous By Saka...
Leaning on Berlin The New York Times | The G-20 nations, led by the United States, are claiming that, because Germany has an export surplus, it is not doing enough for global recovery. What’s behind this bogus c...
Italian court throws out Berlusconi immunity The Star | ROME (Reuters) - Italy's top court ruled on Wednesday that a law granting Prime Minister Silvio Berlusconi immunity from prosecution violates the constitution, in a verdict that ...
L'Espresso newspaper sales up on Berlusconi coverage The Guardian * 9-month net profit 1.2 million euros, down 97.2 percent * Does not see significant changes to results for the rest of year * Shares down 4.7 percent (Recasts, add analyst comments, background) By Danilo Masoni MILAN, Oct 21 (Reuters) - Italian publ...
Automaker Fiat's profit drops 95 pct in 3Q Philadelphia Daily News | COLLEEN BARRY | The Associated Press | MILAN - Italian automaker Fiat Group SpA saw profits plunge in the third quarter as falling sales of trucks and farm equipment outweighed a boost in car sales from cash-for-clunkers programs. | Fiat made net p...
Automaker Fiat sees 3Q earns down 95 percent Philadelphia Daily News | COLLEEN BARRY | The Associated Press | MILAN - Italian automaker Fiat Group SpA saw profits plunge in the third quarter as falling sales of trucks and farm equipment outweighed a boost in car sales from cash-for-clunkers programs. | Fiat made net p...
Record 1 billion go hungry, says UN The Times Of India NAIROBI: Parents in some of Africa's poorest countries are cutting back on school, clothes and basic medical care just to give their children a meal once a day, experts say. Still, it is not enough. | A record 1 billion people worldwide are hungry and a new report says the number will increase if governments do not spend more on agriculture. Accord...
