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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
Italy's Eni finds 'supergiant' natural gas field off Egypt

ROME (AP) - The Italian energy company Eni SpA announced Sunday it has discovered a "supergiant" natural gas field off Egypt, describing it as the "largest-ever" found in the Mediterranean Sea. The news came a day after Eni CEO Claudio Descalzi met in Cairo with Egyptian President Abdel-Fattah el-Sissi, the Egyptian leader's office said. Eni said the discovery - made in its Zohr prospect "in ...
Source: The Associated Press
Italian energy giant Eni says it's found the largest-ever gas field in Mediterranean off Egypt

ROME(AP) - Italian energy giant Eni says it's found the largest-ever gas field in Mediterranean offEgypt.Media Link
Source: The Associated Press
Italy's Eni makes mega gas discovery off Egyptian coast

ROME, 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 that 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 gas in place," Eni said in a ...
Source: Reuters
How IMF's Greek misadventure is changing the fund

Many of the top brass of the International Monetary Fund always had concerns about the plans to bail out Greece. That much was clear as far back as May 9, 2010, when the IMF's 24 directors gathered in Washington to sign-off on the fund's participation in the first, 110-billion-euro ($125 billion) rescue alongside European institutions. A Reuters examination of previously unreported IMF board ...
Source: Reuters
UPDATE 1-Big labor sees organizing boon for autos, warehouses, more from U.S. ruling

ruling@ (Adds analyst on potential presidential veto) Aug 28 (Reuters) - U.S. union leaders said on Friday that a landmark U.S. labor board ruling on companies' obligations toward contract and franchise workers would help them organize manufacturers and e-commerce companies as well as fast food chains. On Thursday the National Labor Relations Board (NLRB) ruled the owner of a California ...
Source: Reuters | By: Nathan Layne and Mica Rosenberg
Big labor sees organizing boon for autos, warehouses, more from U.S. ruling

Aug 28 (Reuters) - U.S. union leaders said on Friday that a landmark U.S. labor board ruling on companies' obligations toward contract and franchise workers would help them organize manufacturers and e-commerce companies as well as fast food chains. On Thursday the National Labor Relations Board (NLRB) ruled the owner of a California recycling plant was a "joint employer" with the contractor ...
Source: Reuters | By: Nathan Layne and Mica Rosenberg
Smart car pins hopes on new pint-size model

If timing is everything, the Smart car brand needs to reset its clock. The maker of one of the world's smallest vehicles is launching an all-new version of its pint-sized fortwo model at a time when cheap gas has American motorists buying pickups, SUVs and crossover-utility vehicles in record numbers. Demand for downsized products like the Mini Cooper and Fiat 500 have been tumbling at ...
Source: CNBC.com | By: Paul A. Eisenstein
SPECIAL REPORT-How the IMF's Greek misadventure is changing the fund

* 2010 meeting changed rule on loans to problem countries * IMF always believed Greece's debt was unsustainable * Strauss-Kahn was allegedly on way to push for debt relief when arrested * Some IMF insiders now want to scrap 2010 rule change WASHINGTON/ATHENS, Aug 28 (Reuters) - Many of the top brass of the International Monetary Fund always had concerns about the plans to bail out Greece. That ...
Source: Reuters | By: Lesley Wroughton, Howard Schneider and Dina Kyriakidou
Bad news for Chanel, Gucci as China's boom times end

One of Hong Kong's busiest shopping streets winds past the Times Square center, under slick signs for brands like Mont Blanc (Euronext Paris: MLCMB-FR), Cartier (: ECR-V), Gucci (: GUCG) and Burberry (London Stock Exchange: BRBY-GB). But inside the towering luxury mall, the hum of the crowds below fades into the quiet of rows of mostly empty boutiques. A sales attendant greeted a few people ...
Source: The New York Times | By: Hiroko Tabuchi and Amie Tsang