- Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc , the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.
FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.
Eni, Rosneft strengthen cooperation through logistics deal
MILAN (Reuters) - Italy's gas and oil major Eni (ENI.MI) and Rosneft signed a strategic agreement to develop trading and logistics opportunities, Eni said on Saturday.
"The aim of the agreement is to develop synergies between the companies' respective logistic infrastructure networks, extracting additional value from their own equity crude portfolios and refined products production," Eni said in a statement.
Rosneft is Russia's largest oil producer. Eni is one of the largest buyers of Urals crude in the world through its trading and shipping arm and the largest for the Italian refinery system.
This agreement contributes to securing market access to Rosneft production, Eni said.
Eni Trading and Shipping employs 530 in its offices in London, Rome, Milan, Houston, Brussels, Amsterdam and Singapore.
(Reporting By Lisa Jucca)
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