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UPDATE 2-South Africa's Eskom says low tariff increase could hurt operations

* Analyst sees risk of power cuts later this year (Adds Eskom CEO, analyst, impact on GDP, details)

Turkey closes media outlets seized from Gulen-linked owner

ISTANBUL, March 1 (Reuters) - Turkish authorities have shut down media businesses seized last year from Koza Ipek Holding, a conglomerate linked to a U.S.-based preacher accused of plotting against President Tayyip Erdogan, according to an exchange filing.

Frontline says resolving Iran oil shipping insurance issues still months away

OSLO, March 1 (Reuters) - Frontline, one of the world's largest independent tanker firms, says securing insurance for cargoes carrying oil from Iran is likely to take another two to three months, potentially limiting Iran's ability to quickly ramp up oil exports.

Scotiabank posts higher quarterly profit

March 1 (Reuters) - Bank of Nova Scotia, Canada's third-largest bank, reported a 5.1 percent rise in quarterly profit, helped by growth in its international banking business.

Analysis: Australian wheat exports still challenging

Australian wheat exporters have, on paper, still been losing money this harvest in spite of a welcomed reform to the allocation system for shipping slots implemented last year, according to spot transaction data collected by Platts.

UPDATE 1-Malaysia's Petronas to cut about 1,000 positions after strategic review

* Co announces executive reshuffle; to take effect from Apr 1

Petronas to cut under 1,000 positions after strategic review

KUALA LUMPUR, March 1 (Reuters) - Malaysia's Petronas announced on Tuesday that the state-owned oil and gas company will see redundancies of under 1,000 positions and leadership changes after a strategic review of its business model.

UK to send troops to Tunisia to help stop IS crossing Libyan border

LONDON, March 1 (Reuters) - Britain is to send troops to Tunisia to help prevent Islamic State fighters from moving into the country from Libya, the British defence minister has said.

UPDATE 1-Glencore lifts asset sales target as 2015 profit falls 32 pct

LONDON, March 1 (Reuters) - Miner and commodity trader Glencore, seeking to reduce its debt, increased its target for asset sales on Tuesday after posting an expected slide in 2015 profit and $5.8 billion in charges after a rout on commodity markets.

Glencore takes $5.8 bln of charges, 2015 profit down 32 pct

LONDON, March 1 (Reuters) - Miner and commodity trader Glencore reported $5.8 billion of charges on Tuesday, mostly due to impairments following a slide in commodity prices, and a 32 percent fall in 2015 core profit.

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