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UPDATE 2-Argentina, major creditors near $5 billion debt deal -lawyer

NEW YORK, Feb 24 (Reuters) - Major creditors suing Argentina over defaulted bonds have agreed to the economic terms of an agreement to resolve the long-running litigation but need more time to complete the $5 billion deal, a lawyer for the investors said Wednesday.

UPDATE 1-Eni steals march on East African LNG rivals with Mozambique plant approval

MILAN, Feb 24 (Reuters) - Italy's Eni said on Wednesday it has won approval from the Mozambique government to build its planned Coral floating liquefied natural gas plant.

Earthquake in Malaysia near 165-MW Sultan Mahmud hydroelectric facility

Published reports indicate the 165-MW Sultan Mahmud hydroelectric facility located on the Kenyir River in the interior district of Hulu Terengganu, Malaysia, suffered no damage after a 2.7 magnitude earthquake was recorded 10 km below the surface of its catchment, Kenyir Lake, at 9:25 p.m. local time on Feb. 23.  

UPDATE 1-Shell to shutter key unit after U.S. boss steps down

* Shell to close unconventional resources division (Adds background on scrapped projects)

Qatar and Kuwait join Gulf allies to urge against Lebanon travel

RIYADH, Feb 24 (Reuters) - Kuwait and Qatar on Wednesday followed the example of Saudi Arabia, the United Arab Emirates and Bahrain in urging their citizens to avoid travel to Lebanon for safety reasons, their state news agencies reported.

REUTERS BUSINESS NEWS SCHEDULE AT 1600 GMT/11 AM ET

LONDON - Shares fall sharply as oil prices drop after Saudi Arabia effectively rules out output cuts by major producers, lifting investor appetite for low-risk assets such as the Japanese yen and gold.

Signs grow of new Western urgency to stop Islamic State in Libya

WADI BEY, Libya, Feb 24 (Reuters) - An hour's drive from the Libyan city of Sirte, a few dozen troops man outposts along a desert road. They are hoping the West will soon be giving them more help to fight a common enemy: Islamic State.

Kerry says South Sudan leaders risk sanctions if peace deal fails

WASHINGTON, Feb 24 (Reuters) - U.S.

UPDATE 1-U.S. crude stocks at record high, first gasoline draw since Nov. - EIA

NEW YORK, Feb 24 (Reuters) - U.S. crude oil stocks rose to a second consecutive record high last week as refinery utilization fell, while gasoline inventories fell for the first time since November, data from the Energy Information Administration showed on Wednesday.

Argentine holdout creditors have $5 bln deal to settle debt dispute-lawyer

NEW YORK, Feb 24 (Reuters) - Creditors fighting Argentina in U.S.

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