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China signs $9 bln British nuclear deal in return for own project

By Karolin Schaps LONDON/PARIS, Oct 21 (Reuters) – China has agreed to invest 6 billion pounds ($9 billion) in EDF’s Hinkley Point nuclear project, Britain’s first new nuclear plant in a generation, in...

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Oil prices edge higher but glut swells storage capacity

By Karolin Schaps LONDON (Reuters) – Oil edged higher on Monday as investors prepared for a week of important economic indicators, but prices remained range-bound on indications that the world’s stored...

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UK utilities face shake-up as customers turn to local suppliers

By Karolin Schaps LONDON, Oct 26 (Reuters) – A fast-growing group of small energy suppliers is eating away at the market share of the big six firms that dominate the business in Britain as customers,...

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BP shrinks further to weather extended oil slump

By Karolin Schaps LONDON, Oct 27 (Reuters) – BP announced on Tuesday a third round of spending cuts and more asset sales in the coming years to tackle an extended period of low oil prices after...

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Saipem plans 3.5 bln euro rights issue as Eni steps back

By Karolin Schaps LONDON/MILAN, Oct 28 (Reuters) – Italian oil contractor Saipem is asking investors to pump in fresh capital equivalent to its current market value to help it to weather the oil...

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Shell profits slump after weak oil forces Alaska, Canada write-offs

By Karolin Schaps LONDON, Oct 29 (Reuters) – Royal Dutch Shell on Thursday reported a sharp drop in third-quarter profits on the back of low oil prices and a hefty $8.2 billion charge which included...

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Oil industry slipping into the red as outlook dims

By Karolin Schaps LONDON (Reuters) – The oil sector is gradually slipping into the red after years of fat profits as the slump in oil prices and a grim outlook bite deeper. The world’s top oil...

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BG raises 2015 production guidance as profit slides

By Karolin Schaps LONDON, Oct 30 (Reuters) – Britain’s third-biggest energy company BG Group raised its 2015 production guidance for the second time this year as it posted a sharp fall in third-quarter...

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Oil slides on Chinese demand concerns, record Russian output

By Karolin Schaps LONDON, Nov 2 (Reuters) – Oil prices fell on Monday as weak Chinese economic data fuelled concerns about demand slowing in one of the world’s largest oil-consuming nations, while...

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Lufthansa counts cost of cabin crew strike

FRANKFURT (Reuters) – German airline Lufthansa (LHAG.DE: Quote, Profile, Research, Stock Buzz) said on Monday it was losing at least 10 million euros ($10.8 million) a day from the longest strike in...

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