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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...
Banking

European shares post worst week in three months, Siemens Energy slumps

Siemens Energy weighs on German stocksGSK jumps on settling first Zantac cancer U.S. lawsuitEuro zone business growth stalls in June - flash PMISTOXX 600 off 0.3%, Germany's DAX down 1.0%June 23 (Reuters) - European shares dipped on Friday at the end of a central bank policy-packed week that reinforced views that interest rates could stay higher for longer, while shares of Siemens Energy plunged as it withdrew its annual profit outlook.The STOXX 600 (.STOXX) index closed 0.3% lower after data showed euro zone business growth stalled this month as the...
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