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UPDATE 1-India's Idea Cellular denies report on merger talks with Vodafone

MUMBAI, Aug 23 (Reuters) - India's No. 3 mobile phone
carrier, Idea Cellular, strongly denied a news report
on Tuesday that it was in exploratory talks about a merger with
larger rival Vodafone India.

Cobalt International says Angola oil block stake sale terminated

Aug 23 (Reuters) - Cobalt International Energy Inc
said the proposed $1.75 billion sale of a 40 percent stake in
two offshore oil blocks in Angola to the state oil company was
terminated as it did not get the necessary approvals from the
country's government.

UPDATE 1-China's Henan province cuts loans to overcapacity sectors by almost $1 bln

* CBRC in Henan encouraging banks to restructure firms'
debts

China refiners, petrochemical companies to propose CO2 benchmarking plan

BEIJING, Aug 23 (Reuters) - China's oil refining,
petrochemical and chemical companies will propose a plan to
benchmark their carbon dioxide (CO2) emissions as the first step
toward setting up an emissions market for the sector, the
group's industry association said on Tuesday.

UPDATE 3-VW, suppliers settle dispute after marathon talks

* VW needs to trim Golf output on falling demand -analyst

(Recasts with agreement)

UPDATE 3-Oil slips below $49 as rising supply trumps hopes for producer action

* U.S. crude inventories seen lower in weekly report

(Previous SINGAPORE, updates prices, adds quote para 4)

Volkswagen says production to resume as deal struck with suppliers

HAMBURG, Aug 23 (Reuters) - Volkswagen said on
Tuesday that the two auto parts suppliers with which it has been
at loggerheads over a contract dispute had agreed to start
delivering parts again and that the affected plants would
gradually resume production.

Volkswagen, suppliers reach agreement -Hannoversche Allgemeine

FRANKFURT, Aug 23 (Reuters) - Volkswagen and two
auto parts suppliers have reached an agreement in a contract
dispute that has forced the carmaker to halt some production,
German daily Hannoversche Allgemeine said on its website on
Tuesday, citing no sources.

UPDATE 1-China says to further pave way for private investors in infrastructure projects

* China wants clear, predictable environment for private
investors

China planning body pledges 'clear' market environment for private investors

BEIJING, Aug 23 (Reuters) - China's top economic planning
agency, saying there are many opportunities for private
investors in infrastructure projects, pledged to introduce
measures to ensure they can compete fairly with state companies.

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