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UPDATE 2-Canada to spend billions more on infrastructure as growth lags

* Canada will set up infrastructure bank

(Adds economist quotes, details, reaction)

TransCanada reports quarterly loss, selling U.S. Northeast Power unit

CALGARY, Alberta, Nov 1 (Reuters) - TransCanada Corp
, Canada's No. 2 pipeline operator, on Tuesday reported
a quarterly loss because of an after-tax goodwill impairment
charge related to its U.S. Northeast Power business.

UPDATE 4-Colonial may open key U.S. gasoline line by Saturday after fatal blast

* Gasoline prices off highs as Colonial does not expect long
outage

Noble Energy posts smaller loss due to lower costs

Nov 1 (Reuters) - Oil and gas producer Noble Energy Inc
posted a smaller third-quarter loss as lower expenses
helped offset the impact of weak oil prices.

UPDATE 1-Devon Energy's third-quarter profit beats estimates

Nov 1 (Reuters) - U.S. oil producer Devon Energy Corp
reported a better-than-expected quarterly profit as cost
savings cushioned the impact of weak oil prices.

Devon Energy posts first profit in eight quarters

Nov 1 (Reuters) - U.S. oil producer Devon Energy Corp
posted its first net profit in eight quarters as cost
savings cushioned the impact of weak oil prices.

Work Begins on Tajikistan's 3,600-MW Rogun Hydroelectric Plant

Work has officially begun on what Tajik officials say will be the world's tallest dam, following a ceremony that included president Emomali Rahmon over the weekend.

Canada to increase infrastructure spending as growth lags

OTTAWA, Nov 1 (Reuters) - Canada will ramp up its spending
on infrastructure projects by an extra C$81 billion ($60.49
billion) over the next 12 years in a bid to revitalize an
economy struggling with sub-par growth, Finance Minister Bill
Morneau said on Tuesday.

Drought-hit Mozambique signs first major solar power deal

NAIROBI, Nov 1 (Thomson Reuters Foundation) -
D rought-stricken Mozambique will start building its first large
scale solar plant in early 2017, after Scatec Solar, which owns
several such plants in Africa, signed an $80 million deal to
sell electricity to the state-owned energy company for 25 years.

Petrobras likely to get credit for oil-for-shares transfer -regulator

RIO DE JANEIRO, Nov 1 (Reuters) - The revision of a massive
exploration contract between Brazil's government and Petrobras
will be based on the price of oil at the end of 2014, likely
leaving the state-run oil company with a credit, the oil and gas
regulator ANP said on Tuesday.

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