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S.Korea c.bank says raw material prices mainly to blame for low inflation

SEOUL, July 14 (Reuters) - South Korea's central bank said
on Thursday that inflation has failed to approach the its 2
percent inflation target mainly due to the fall in global raw
material prices, in addition to a delayed economic recovery at
home.

UPDATE 3-Brazil's Temer ally is new lower house speaker, eyes reforms

BRASILIA, July 13 (Reuters) - Brazil's lower house of
Congress elected an ally of interim President Michel Temer as
its new speaker late on Wednesday, marking a victory for a
government racing to approve unpopular economic reforms.

Ranking shows rich nations not leading way to end poverty, inequality

NEW YORK, July 14 (Thomson Reuters Foundation) - Most of the
world's richest countries failed to earn top marks on their
progress toward reaching the United Nations' goals to end
poverty and inequality, with only Germany and the United Kingdom
in the top ten, according to a list published on Thursday.

Australia shares rise for 5th day, NZ stocks near record high

SYDNEY/WELLINGTON, July 14 (Reuters) - Australian shares
edged higher on Thursday, buoyed by positive job data, while New
Zealand's market extended recent gains, hovering close to record
highs.

Strikes cut off Papua New Guinea as tension builds before no-confidence vote

SYDNEY, July 14 (Reuters) - Aviation, maritime and public
transport workers in Papua New Guinea went on strike on Thursday
before a no-confidence vote in Prime Minister Peter O'Neill, who
has refused to resign over corruption allegations.

UPDATE 1-Oil rises after big losses, glut concerns likely to persist

* Surging crude stocks pushed floating storage to 7-yr highs
-IEA

UPDATE 1-Woodside taps into big oil find off Senegal for near-term growth

* Woodside has been short of opportunities for growth

(Adds comment, share prices)

India's coal shift a double whammy for Indonesian exporters

NEW DELHI/JAKARTA, July 14 (Reuters) - For many coal miners
in Indonesia's resource-dependent economy, a surprise shift in
India's coal industry - from big importer to potential exporter
- could not have come at a worse time.

Woodside awards integrated EPC contract to OneSubsea

OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction contract totaling approximately $300m from Woodside Energy.

CORRECTED-Woodside to buy ConocoPhillips' Senegal holdings for $350 mln

MELBOURNE, July 14 (Reuters) - Australia's Woodside
Petroleum has agreed to buy ConocoPhillips'
deepwater stakes off Senegal, including one of the world's most
promising recent oil finds, for $350 million.

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