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Exclusive: Algeria's Sonatrach in talks to begin offshore drilling - source


ALGIERS Algeria's Sonatrach wants to start offshore oil drilling and has begun discussions with U.S. operators Exxon Mobil Corp and Anadarko as well as Italy's Eni , a source at the state energy company told Reuters on Sunday.


Italy economy minister denies report suggesting he could resign 26 Feb 2017

MILAN Italian Economy Minister Pier Carlo Padoan denied a report in La Stampa newspaper on Sunday which said he threatened to resign if effective reforms and planned privatisations are not carried out.


Italian financial mega-deal off as Intesa ditches Generali plan 24 Feb 2017

MILAN Italy's biggest retail bank Intesa Sanpaolo abandoned plans to join forces with the country's largest insurer Assicurazioni Generali on Friday, saying a tie-up would not create value for its shareholders.


Italian ruling party leadership vote rules out summer election 24 Feb 2017

ROME Italy's ruling Democratic Party (PD) will hold its leadership contest on April 30, the centre-left group announced on Friday, a decision that effectively rules out any snap national election in June.


Italy probes Vivendi's Bollore for alleged market abuse 24 Feb 2017

MILAN Italian prosecutors are investigating French tycoon Vincent Bollore for alleged market manipulation when the company he chairs, Vivendi , bought a stake in Italian broadcaster Mediaset , a source said on Friday.


Aide plays down reports Italy's Renzi wants June elections 24 Feb 2017

ROME A close ally of former Italian prime minister Matteo Renzi on Friday dismissed media reports that Renzi plans to try to bring down the government and push for an election by June.


Leicester sack Ranieri nine months after stunning triumph 23 Feb 2017

Premier League champions Leicester City sacked Italian manager Claudio Ranieri on Thursday, nine months after he clinched one of soccer's most remarkable triumphs but with the team now hovering above the relegation zone.


Saipem stays glum on year ahead 23 Feb 2017

MILAN Italian oil services group Saipem does not see any recovery for the industry this year in spite of higher crude prices, with oil companies continuing to delay projects.


Vivendi sees rebound this year after plunge in 2016 core operating profit 23 Feb 2017

PARIS France's Vivendi said it expects Canal Plus' turnaround efforts to bear fruit in 2017, after the pay-TV unit's French channels lost thousands of subscribers last year, resulting in a sharp fall in the media group's profits.

Portugal extraditing ex-CIA officer on condition of new trial - lawyer 23 Feb 2017

LISBON Portugal is likely to extradite former CIA officer Sabrina de Sousa next week to Italy, where she was convicted in absentia for the kidnapping of an Egyptian cleric, on condition she is retried, her lawyer said on Thursday.


Juncker to offer EU "pathways" to post-Brexit unity

BRUSSELS European Union chief executive Jean-Claude Juncker will propose to national leaders next month a handful of options for shoring up unity once Britain launches a withdrawal that some fear could trigger a further unravelling of the bloc.