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UPDATE 1-Austria's Verbund raises outlook, announces job cuts

VIENNA, July 18 (Reuters) - Austrian hydropower producer
Verbund on Monday raised its outlook for the year
based on cost savings and favourable developments in the
electricity business but said it planned to cut costs further
and scale back dividend payments.

The future of US fracking and finding who gets the final say

Fracking helped unleash a flood of new US oil and gas production, but it also brought a question: who, or what federal agency, has the power to regulate it?

UPDATE 1-China's cabinet unveils steps to bolster investment

* To allow financial institutions to hold stakes in firms

(Adds details)

Bank of America profit falls 19.4 pct as provisions rise

July 18 (Reuters) - Bank of America Corp, the
second-largest U.S. bank by assets, reported a 19.4 percent fall
in quarterly profit on Monday as it set aside more money to
cover potential bad loans and earned less on its loans.

UPDATE 1-Bangladesh issues first fuel oil tender, seeks 160,000 T

DHAKA, July 18 (Reuters) - Bangladesh Petroleum Corp (BPC)
has issued its first tender to buy fuel oil as part of a move
away from direct-term deals with fuel products suppliers in a
bid to achieve cheaper rates.

UPDATE 2-Oil prices largely unchanged as market shrugs off Turkey coup bid

* Headwinds growing for oil demand growth -Morgan Stanley

(Updates prices)

RPT-FACTBOX-Turkey's huge and rising role in world trade of oil, gas, grains

July 17 (Reuters) - A failed Turkish military coup attempt
briefly closed the Bosphorus Strait to shipping traffic on
Saturday, reminding the world of Turkey's huge and growing
importance as a transit route for commodities between Russia,
Central Asia and Europe.

COMMODITIES-Gold falls, oil firm as markets shrug off Turkey coup bid

* Crude little changed, Turkey coup bid unlikely to hit
supply

U.S. oil companies closer to balancing capital investment with operating cash flow

(Mon, 18 Jul 2016) Although the crude oil price decline since 2014 has led to significant reductions in operating cash flow for U.S. oil companies, their immediate financial situations are improving. As oil companies' spending falls and crude oil prices increase, the need for oil companies to find external sources of funding may decline, which could reduce financial strain in the coming quarters.

COLUMN-Iron ore volatility masks positive shift in fundamentals: Russell

LAUNCESTON, Australia, July 18 (Reuters) - Iron ore's wild
price gyrations this year may be masking a small, but
significant, shift in the underlying fundamentals for the
steel-making ingredient.

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