Energy

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UPDATE 1-Mexico preparing for low oil prices; crude output fall- finance minister

LONDON, March 4 - Falling oil production remains the most important risk to Mexico's economy this year and may force the government to tighten spending further into 2016, Mexican Finance Minister Luis Videgaray said on Tuesday.

Bonds, Regulatory News 10:31am GMT

Tesco says former BP executive to join board as non-exec

LONDON, March 4 - Tesco, Britain's biggest retailer, has beefed-up its board with the appointment of Byron Grote, a former BP chief finance officer, as a non-executive director from May 1.

10:31am GMT

Abu Dhabi, Japanese firms in $300 mln steel pipe venture

ABU DHABI, March 4 - Abu Dhabi's General Holding Corp (Senaat) and a Japanese consortium are jointly investing 1.1 billion dirhams ($300 million) in a steel pipe manufacturing facility, seeking to meet demand in the Middle East's energy and construction sector.

10:20am GMT

EDF down 2.6 pct on Areva alliance concerns

PARIS, March 4 - Shares in France's EDF fell 2.6 percent on Wednesday on worries that the state-controlled utility might be called upon to inject capital in loss-making state nuclear group Areva, dealers said.

10:13am GMT

German energy cooperative plans legal action over UK nuclear plan

BERLIN, March 4 - A German energy cooperative will take legal action against the European Commission for approving state aid for a 16 billion pound ($25 billion) nuclear power plant in Britain, it said on Wednesday, arguing it threatens to distort competition.

10:04am GMT
Energy
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