UPDATE 1-EU executive demands new powers in gas crises
* EU executive to make new proposals on handling gas crises
* Draft says Commission to coordinate gas supplies
* States to share daily reports on economy and supply/demand
(Adds background, quote)
By Pete Harrison
BRUSSELS, June 17 (Reuters) - European Union countries should hand the European Commission powers to coordinate gas flows in the 27-member bloc in the event of a gas crisis, according to a draft Commission report.
The proposal is the EU's main policy response to the supply disruption that occurred in January following a pricing dispute between Russia and transit country Ukraine.
Tension between Moscow and Kiev has mounted in recent weeks and many energy experts forecast a repeat in coming months. [ID:nLH168706] Continued...
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage




India
US
UK










