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UPDATE 1-Italy's Eni makes mega gas discovery off Egyptian coast

(Adds details, background) ROME/MILAN, Aug 30 (Reuters) - Italian energy group Eni said on Sunday it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast, predicting the find could help meet Egypt's gas needs for decades to come. "According to the well and geophysical data available, the field could hold a potential of 30 trillion cubic feet of lean ...
Source: Reuters
UPDATE 1-Nokia agrees on "Shanghai Bell" joint venture with China Huaxin

(Adds CEO, analyst comments) HELSINKI, Aug 28 (Reuters) - Finnish telecom equipment maker Nokia said it had agreed to create a Chinese joint venture with Huaxin in a move that could pave the way for China's approval for Nokia's proposed takeover of Alcatel-Lucent . The joint venture, to be named Nokia Shanghai Bell, will be built upon a similar, long-time joint venture between France's ...
Source: Reuters
EU: Greece must stick with reforms post-election

The European Commission urged Greece to stick to commitments it has made to reform its economy as Prime Minister Alexis Tsipras called a snap election within hours of new EU bailout cash arriving in Athens. "It is crucial that Greece maintains its commitments to the euro zone," said Dutch Finance Minister Jeroen Dijsselbloem, who as chair of his euro zone peers, led talks on a new 86 ...
Source: Reuters
Déjà vu: Is Germany about to scupper Greek bailout?

With the ink not even dry on the third bailout for Greece, Germany is already grumbling about the deal, raising fears that Berlin is about to put the boot in the latest financial rescue - although the German government told CNBC that it was not rejecting the bailout. Although the technical details of a third bailout were agreed between Greece and its lenders earlier this week, national ...
Source: CNBC.com | By: Holly Ellyatt
Germany criticizes Greek bailout agreement

Germany criticised an outline deal between Athens and its bailout monitors as insufficient, upsetting eurozone attempts to smooth the way to a new Euro85bn rescue for Greece . Germany's finance ministry outlined its objections in a paper circulated to its eurozone counterparts just hours before the Greek parliament was due to debate on Wednesday the painful austerity and reform package that ...
Source: Financial Times | By: Stefan Wagstyl
German Finance Ministry says Berlin does not reject Greek bailout

BERLIN, Aug 12 (Reuters) - Germany's Finance Ministry said on Wednesday it had raised questions about a memorandum of understanding (MOU) agreed between Greece and its international lenders but that Berlin was not rejecting the bailout plan for Athens. "We have formulated questions. These are part of the examination process, which is not yet finished," a ministry spokesman said, adding that ...
Source: Reuters
German FinMin paper says Greek MoU lacks clarity on policy

BERLIN, Aug 12 (Reuters) - Germany's Finance Ministry has criticised a memorandum of understanding (MOU) agreed between Greece and its international lenders as showing "no full clarity on the direction of policies". In a two-page paper entitled "preliminary check of MoU" that was sent to officials in Brussels on Wednesday, the ministry describes Greek reform plans on debt sustainability and ...
Source: Reuters
Greece agrees steps to tackle banks' bad loans

* Greece's lenders want strategy to tackle bad loans * Stricter screening to deter strategic defaulters * Plans for more judges for insolvency cases ATHENS, Aug 12 (Reuters) - Greece will take steps to tackle the mountain of bad loans weighing on its banks as part of its deal with international creditors, a draft of the agreement obtained by Reuters showed on Wednesday. Under a European ...
Source: Reuters
Germany says Greek MOU goes in "right direction"

BERLIN, Aug 12 (Reuters) - The German government welcomed an agreement on reforms between Greece and its international lenders as a "substantial result" but said it must study the deal further before deciding whether it was ripe for approval by the German parliament. "If you consider where we've come over the past months in this discussion this is a substantial result," said Steffen Seibert, ...
Source: Reuters
Greek MOU foresees rapid sale of ports, grid operator, airports

BERLIN, Aug 12 (Reuters) - Greece will move rapidly to privatise its ports, regional airports and its power grid operator under a memorandum of understanding (MOU) agreed with its international lenders. According to the 29-page MOU, a copy of which was obtained by Reuters, Greek privatisation proceeds, excluding bank shares, are expected to total 6.4 billion euros between 2015 and 2017. The ...
Source: Reuters