Fiat kick-starts stalled Italy investment plans
News from Reuters:

TURIN | Tue Oct 30, 2012 5:10pm EDT

TURIN Oct 30 (Reuters) – Italian carmaker Fiat told trade unions Tuesday it will resume a stalled investment plan for its five idled Italian factories, beginning with a new SUV made at its Melfi plant at the end of 2013, a union leader said after the meeting.

Union leaders said they were satisfied with the meeting. The automaker had come under fierce criticism in Italy for its decision to put billions of euros in spending on hold, and push back the launch of planned best-selling new car models like the Fiat Punto.

“The company confirmed that investment will resume at all Italian plants,” Fiat said.

Earlier on Tuesday, Fiat released a revised 2013-2014 plan that cut sales targets and pledged to increase spending to focus on the carmaker’s higher-margin brands. The plan calls for three new car models to be built in Italy next year, and six new models in Italy in 2014.

Fiat said in a statement after the meeting that conditions in Europe show “no sign of improvement.” It non…………… continues on Reuters

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UPDATE 1-Gazprom raises investment to $ 31 bln
News from Reuters:

Tue Oct 30, 2012 11:32am EDT

* Investment programme increased by one quarter

* Yamal pipeline to get more investment

* Shares down more than 2 percent (Adds details, share price)

MOSCOW, Oct 30 (Reuters) – Gazprom, Russia’s top gas producer, has increased its investment programme by a quarter as it embarks on ambitious projects to tap the Arctic Yamal peninsula and increase exports to Asia.

The company, which some analysts have criticised for what they see as excessive spending, traditionally increases its capital expenditure forecast several times during the course of a year.

Gazprom on Tuesday increased this year’s investment programme by 198 billion roubles to 974.65 billion roubles ($ 30.98 billion). Capital investments will total 890 billion roubles.

Gazprom has started to develop the huge Bovanenkovo oilfield in Yamal, located hundreds of kilometres north of its traditional West Siberian deposits, which has become increasingly depleted.

From Bovanenkov…………… continues on Reuters

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