Energy Update

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NEW YORK, Sept 15 (Reuters) - A federal appeals court on
Thursday rejected Chesapeake Energy Corp's effort to
avoid having to pay $438.7 million, including interest, to
investors in a bond dispute.

* Apr-Aug trade deficit down to $34.7 bln vs $58.4 bln a
year ago

LONDON, Sept 15 (Reuters) - Jailed former Nigerian state
governor James Ibori's convictions remain valid despite evidence
a British police officer took bribes during the investigation of
his case, Britain's state prosecution agency said on Thursday.

LAUNCESTON, Australia, Sept 15 (Reuters) - When government
policies are driven by populist politics, it is almost certain
to lead to poor outcomes and a low standard of debate, as shown
by the current conundrum in Australia's natural gas sector.

LONDON, Sept 15 (Reuters) - India's gasoline consumption is
growing rapidly as millions of additional households buy motor
cars and especially motorcycles as a status symbol amid growing
prosperity.

BUENOS AIRES, Sept 14 (Reuters) - German engineering group
Siemens plans to help create projects worth up to 5
billion euros ($5.6 billion) in Argentina after agreeing to
intensify cooperation with Buenos Aires, it said on Thursday.

* UK ends weeks of uncertainty, smoothes Chinese, French
ties

Sept 15 (Reuters) - Walmart Canada will stop accepting Visa
Inc cards at its 16 stores in the province of Manitoba
starting on Oct. 24, a spokesman said on Wednesday, raising the
stakes in a high-profile fee dispute.

* Returning supplies from Libya, Nigeria temper gains

(Recasts with Libya, Nigeria)

FRANKFURT/LONDON, Sept 14 (Reuters) - At least three leading
chemical companies are set to vie for BP's stake in
Chinese petrochemicals joint venture SECCO which could fetch
more than $2 billion, sources close to the process said.

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