BRUSSELS (Reuters) – The European Union said on Tuesday it was lifting its freeze on financial support to Burundi, noting a more open political climate and the return of refugees in the central African country under new President Evariste Ndayishimiye. The decision, which opens the way for the bloc to restart financing to Burundi’s state …
MILAN (Reuters) -Iveco Group said on Tuesday it expected a gradual recovery from supply chain challenges in the first half of 2022 but margins would be hit, after heavy constraints in the fourth quarter led the truckmaker to post a negative cash flow in 2021. The truck, bus and engine maker completed a spin-off process …
Iveco shares fall as truckmaker sees slow supply chain recovery Read More »
(Reuters) – Global Infrastructure Partners (GIP) is in discussions to raise $25 billion for a new flagship fund, Bloomberg News reported on Tuesday, citing people familiar with the matter. The firm is separately targeting $5 billion for a core fund to invest in lower-return, income-producing assets that may include toll roads and bridges, the report …
GIP eyes raising $25 billion for infrastructure fund – Bloomberg News Read More »
(Reuters) – U.S. liquefied natural gas (LNG) company Venture Global LNG received permission on Tuesday from federal energy regulators to commission the fourth liquefaction block at the company’s Calcasieu Pass LNG export plant in Louisiana. A tanker, the Yiannis, arrived on Monday near Calcasieu and could be first vessel to pick up a cargo from …
Venture Global gets OK on 4th LNG block at Louisiana Calcasieu plant Read More »
By Oksana Kobzeva and Olesya Astakhova MOSCOW (Reuters) – Russian gas giant Gazprom may tap a field hit by U.S. sanctions off the Pacific island of Sakhalin to provide China with gas under a recently signed deal, sources and analysts said on Tuesday. Russia, already Beijing’s No. 3 gas supplier, has been strengthening ties with …
Russia may use field hit by U.S. sanctions for gas exports to China Read More »
ATHENS (Reuters) – The European Union’s lending arm, the European Investment Bank (EIB), provided a record financing of almost 5 billion euros ($5.70 billion) last year to help Greece shift to clean energy and support its businesses hit by the COVID-19 pandemic, officials said on Tuesday. The amount has doubled compared to 2020 to equal …
ΕΙΒ supports Greece with record 5 billion euro financing in 2021 Read More »
By Liz Hampton DENVER (Reuters) – As U.S. oil rises toward $100 a barrel, producers in some high-cost shale basins are buying properties and adding rigs and frack crews in places that fell silent when prices crashed early in the pandemic two years ago. Benchmark U.S. prices last week topped $93 a barrel, up around …
As oil nears $100 a barrel, U.S. drillers get busy in costly shale basins Read More »
By Maytaal Angel LONDON (Reuters) – Traders are planning to deliver thousands of tonnes of robusta coffee from Asia to the ICE futures exchange in Europe for the first time in more than three years – a move likely to take the heat out of benchmark coffee prices that are near 10-year peaks. The coffee …
Exclusive-Traders ship Asian coffee to ICE exchange as shipping logjam eases Read More »
PARIS (Reuters) – French President Emmanuel Macron will announce later this week the number of new nuclear reactors France will build and how the country will pay for it, his finance minister said. Macron said in November that France would build its first new nuclear reactors in decades to reduce its dependence on foreign countries …
France’s Macron to detail nuclear energy roadmap this week -minister Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – France, facing a presidential election in weeks, has halted moves to clear an EU trade deal with Mexico which would allow in 20,000 tonnes of beef imports and wants to make it tougher to access the bloc’s markets, diplomats say. The European Union’s second largest economy runs a consistent …
With elections looming, France reins in open EU trade policy Read More »
