archiveOILG

Banking

Bolivia’s Arce open to EU lithium tie-ups to rev battery metal output

Bolivia's President Luis Arce addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Sept 20 (Reuters) - Bolivia is open to tie-ups with European and other global companies for lithium exploration and extraction provided they adhere to the country’s conditions, president Luis Arce said on Wednesday."We are open to any company that wants to come to Bolivia, but the conditions are clear," Arce told Reuters in an interview, adding that his country wants to participate...
Pension

Peak China gloom or geopolitical quagmire?

LONDON, Sept 13 (Reuters) - Whether China has become "uninvestable" or not, avoidance of the world's second-largest economy suggests the economic and political risks there have simply become too hard to assess.U.S. Commerce Secretary Gina Raimondo's trip to China last month had promised some economic and trade detente between the two superpowers now at loggerheads. But it was quickly defined by her comment that more and more U.S. firms see China as "uninvestable" amid spying, fines, raids and other risks.While bricks-and-mortar investment, supply-chain exposure and stock listings have been under...
Investing

Saudi Arabia considering investing in ‘Made in Italy’ fund

Italian Prime Minister Giorgia Meloni and Polish Prime Minister Mateusz Morawiecki hold a joint press conference in Warsaw, Poland, July 5, 2023, REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsEnergy projects focal point of agreementSaudis could invest in 'Made in Italy' fundPM has sought closer ties with Gulf countriesMILAN, Sept 4 (Reuters) - Italy and Saudi Arabia are in talks about a potential Saudi investment in Rome's new strategic fund, Italy's Industry Minister Adolfo Urso said on Monday, as the two signed a deal to forge closer economic relations, particularly in energy.The...
Funds

Italian gas group Snam seeks to tap EU green energy funds

MILAN, July 27 (Reuters) - Italy's state-controlled gas grid operator Snam (SRG.MI) said on Thursday it expected to get a financial support for some of its projects from the European Union's REPowerEU green energy scheme.The Italian government, which is struggling to spend 191.5 billion euros ($210.59 billion) of EU post-COVID funds by 2026, wants to shift some of that money to REPowerEU projects.According to a document released by the government, Rome could spend in total 19 billion euros ($21 billion) under the REPowerEU, with more than 400 million euros earmarked...
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