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European Union reaches outline deal to stem flow of conflict minerals

BRUSSELS, June 15 (Reuters) - The European Union on
Wednesday agreed an outline deal on a law to clean up the
commodities supply chain, so importers will have to carry out
checks to stem the use of gold and other metals from conflict
zones, European politicians said.

UPDATE 1-Devon sells Texas land to Pioneer, undisclosed buyer for $858 mln

HOUSTON, June 15 (Reuters) - U.S. shale oil producer Devon
Energy Corp said on Wednesday it would sell Texas
acreage to Pioneer Natural Resources Co and an
undisclosed buyer for $858 million, as the pace of asset sales
picks up on recovering oil prices.

UPDATE 1-Uruguay announces oil hedging plan with World Bank

MONTEVIDEO, June 15 (Reuters) - Uruguay's government said on
Wednesday it would hedge against oil prices rising above $55 a
barrel to avoid exposing the country to volatile swings in the
commodity's price.

UPDATE 1-Exxon asks U.S. court to throw out subpoena in climate change inquiry

HOUSTON, June 15 (Reuters) - Exxon Mobil Corp asked
a federal court on Wednesday to throw out a subpoena that would
force the oil company to hand over decades of documents as part
of a wide-ranging inquiry into whether it misled investors about
climate change risks.

Uruguay announces oil hedging plan with World Bank

MONTEVIDEO, June 15 (Reuters) - Uruguay's government said on
Wednesday it would hedge 6 million barrels of oil for payout if
the price of crude rises above $55 per barrel as it tries to
limit exposure to volatile petroleum prices.

UPDATE 4-Nigeria to abandon fixed exchange rate in favour of open market trading

* Central bank official calls it a "managed float"

(Adds naira predications, central bank official, details)

India's IOC to raise diesel prices by 2.3 pct from Thursday

NEW DELHI, June 15 (Reuters) - Indian Oil Corp (IOC)
will raise the price of diesel by 2.3 percent from
Thursday and that of gasoline by 0.08 percent, reflecting
changes in global fuel prices, the company said in a statement.

UPDATE 2-Croatia Deputy PM resigns, seeks new parliamentary majority

ZAGREB, June 15 (Reuters) - Croatian Deputy Prime Minister
Tomislav Karamarko resigned on Wednesday and said his HDZ party,
the biggest in the ruling centre-right coalition, aimed to form
a new government after a scheduled vote of no-confidence set for
Thursday.

Foreign investment in Latin America could fall up to 8 pct in 2016 -U.N.

SANTIAGO, June 15 (Reuters) - Foreign direct investment in
Latin America fell 9.1 percent last year and could drop as much
as 8 percent in 2016, the United Nations' Latin American arm
said in a report on Wednesday.

Canadian Natural sharply raises cash flow forecast for 2016

June 15 (Reuters) - Oil producer Canadian Natural Resources
Ltd sharply raised its cash-flow forecast for the year
as it gains from a rally in crude oil prices.

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