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RPT-Shale gas, energy costs vex EU leaders
Reuters* Energy trade deficit is 400 billion euros * Shale gas complicated in EU, could weaken Russian position * Single energy market should improve cross-border flows By Barbara Lewis BRUSSELS, May 21 (Reuters) - European leaders will discuss plans to...Tags: Russia, Politics, Energy Saving, E.ON AG, Trade Balance
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China's Li offers to help end Pakistan energy crisis
ReutersISLAMABAD (Reuters) - China and Pakistan should make cooperation on power generation a priority, Chinese Premier Li Keqiang said, as Islamabad seeks to end an energy crisis that triggers power cuts of up to 20 hours a day, bringing the economy to a near...Tags: China, Unrest, Conflicts and War, Nawaz Sharif, India, Beijing (China)
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WRAPUP 2-Bernanke offers no hint of pullback in Fed stimulus
ReutersBy Pedro da Costa and Alister Bull WASHINGTON, May 22 (Reuters) - The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben...Tags: Central Bank, Inflation and Deflation, Finance, Ben Bernanke, Money and Monetary Policy
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Bernanke touts benefits of Fed easing, no hint of pullback
ReutersBy Pedro da Costa and Alister Bull WASHINGTON, May 22 (Reuters) - The Federal Reserve's monetary stimulus is helping the U.S. economy recover, and the central bank needs to see further signs of traction before taking its foot off the gas, central bank...Tags: Central Bank, Inflation and Deflation, Federal Reserve, U.S. Congress, Unemployment Benefits
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Manipulation probe draws attention to oil firms' trading desks
Reuters* Disclosure levels at oil majors lags those of secretive traders * Risk appetite bigger at top Wall Street banks * Pressure for stricter oversight rises both in US, EU By Dmitry Zhdannikov and Claire Milhench LONDON, May 22 (Reuters) - Europe's...Tags: Politics, Finance, Global Energy Incorporated, International Organizations, European Union
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Ill. Senate overrides Quinn veto of smart grid rate hike
Tribune reportersRejecting Gov. Pat Quinn's plea to not increase power rates to help improve some of the state's electrical grid, the Illinois senate voted to override his veto of a bill that bulks up the revenue Commonwealth Edison will receive as it modernizes the...Tags: Sales, Energy Saving, Politics, Consumers, Mike Frerichs
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Europe oil probe seeks market abuse evidence in 2010-2013
ReutersLONDON (Reuters) - The European Commission is asking oil traders across the continent to provide evidence of market abuse to determine whether companies sought to manipulate prices reported to leading price-setting agency Platts. Authorities last week...Tags: Environmental Issues, McGraw-Hill Incorporated, Biofuels, Royal Dutch Shell Plc, Petroleum Industry
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U.S. Senators urge swaps watchdog to rein in oil majors
ReutersBy Douwe Miedema WASHINGTON, May 20 (Reuters) - Large energy companies look set to slip through the maze of new rules for derivatives trading, a group of U.S. senators said, urging regulators to tighten oversight to cover all the market. As of this...Tags: Politics, Royal Dutch Shell Plc, Lobbying, Citigroup Incorporated, Petroleum Industry
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Some in Wheaton to choose new electric supplier
As ComEd, a major electricity provider, is expected to lower its rates in June, it may be a confusing market for residents, citizen advocates warn, as it will get harder to judge who truly has the best offers. About 1,000 or so Wheaton residents will...Tags: Environmental Issues, Justice System, Energy Saving, Crime, Law and Justice, Judges
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Norwalk Harbor Power Plant Shutting Down June 1
The Hartford CourantThe owner of the oil power plant at Norwalk Harbor said Tuesday that it will be closing the facility June 1 since prices in the region's energy market have been too low to justify keeping it open. NRG, a power generation supplier headquartered in...Tags: U.S. Environmental Protection Agency, Energy Saving, Science and Technology, Environmental Issues, Standards
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POLL-Could be up to 5 years before BOJ can embark on exit strategy
ReutersBy Stanley White and Izumi Nakagawa TOKYO, May 22 (Reuters) - The Bank of Japan may end up pursuing its massive monetary easing for up to five years before achieving inflation levels conducive to unwinding its aggressive stimulus, a Reuters poll of BOJ...Tags: Japan, China, Politics, Central Bank, Inflation and Deflation
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ANALYSIS-German households pay for lower industrial power prices
Reuters* German wholesale power is cheaper than in France, Netherlands * Cheaper industrial power paid for by soaring household bills * Ways sought to rein in household bill explosion By Henning Gloystein and Vera Eckert LONDON/FRANKFURT, May 21 (Reuters)...Tags: Energy Saving, Politics, Waste Management and Pollution Control, Siemens, Germany
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May 21, 2013
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