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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.

Jailed ex-Brazil Congress leader may not get to tell all

CURITIBA, Brazil, Nov 1 (Reuters) - He was already among the
most reviled politicians in Brazil and now he is among the most
feared.

UPDATE 1-Brazil's Petrobras seeks to end Schahin contract -paper

BRASILIA, Nov 1 (Reuters) - Brazil's state-run oil company
Petrobras is seeking to stop renting a drillship from
engineering conglomerate Grupo Schahin, in a potential blow to
Schahin's restructuring plan, newspaper Folha de S. Paulo
reported on Tuesday.

Britain's FTSE pulled lower as StanChart and BP drop

* Precious metals miners lead

(Adds detail and updates with closing prices)

UPDATE 2-Colonial says main gasoline line could open by Saturday

Nov 1 (Reuters) - Colonial Pipeline Co's main gasoline line,
a crucial supply source for the U.S. East Coast, will be shut
for at least several days, the company said on Tuesday, after an
explosion and fire in Alabama killed one worker and injured five
others.

UPDATE 1-Italian prosecutor holds talks in Egypt over probe into student's killing

CAIRO, Nov 1 (Reuters) - Italian and Egyptian prosecutors
discussed Egypt's investigation into the killing of an Italian
student on Tuesday and called the talks "positive", after months
of rising tension as Rome complained about a lack of cooperation
from Cairo.

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