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UPDATE 2-Oil inches down, weak China trade data drags

* China exports fall 11.2 pct in Jan, imports tumble 18.8 pct

CORRECTED-Australia, NZ shares bounce on miners and takeover rally

SYDNEY/WELLINGTON, Feb 15 (Reuters) - Australian shares rallied 0.8 percent, pulling away from earlier 2-1/2-year lows on Monday as a Wall Street bounce brought relief to hard-hit resource companies and helped stocks recoup some of last week's heavy losses.

China crude oil imports fall in January from record high

BEIJING, Feb 15 (Reuters) - China's crude oil imports fell 20 percent in January from record high volumes the previous month to their lowest level since October, official customs data showed on Monday.

AIRSHOW-Airlines reject criticism of fares after oil price drop

SINGAPORE, Feb 15 (Reuters) - Global airlines countered allegations of profiteering from low oil prices on Monday after renewed criticism that air fares have failed to come down in line with tumbling fuel costs.

UPDATE 1-China Jan iron ore imports rise on year ago, steel exports fall

* Copper imports up 5.3 percent in Jan (Adds detail, background)

UPDATE 2-Judge who could replace Scalia worked on controversial cases for business

WASHINGTON, Feb 14 (Reuters) - One possible contender to replace Justice Antonin Scalia on the U.S. Supreme Court is an Indian-American appeals court judge, Sri Srinivasan, who has pro-business credentials and a stellar resume.

China Jan iron ore imports rise 4.6 pct y/y - customs

BEIJING, Feb 15 (Reuters) - China imported 82.19 million tonnes of iron ore in January, up 4.6 percent from the same period of last year, customs data showed on Monday.

UPDATE 1-S.Korea's Jan Iran crude oil imports triple from year before

* Highest since Jan 2012, but still below pre-sanction levels

RPT-Noble Group's LNG traders leaving to join Glencore - sources

SINGAPORE/LONDON, Feb 14 (Reuters) - Three liquefied natural gas (LNG) traders at Asia's biggest commodity trade house, Noble Group Ltd, including two co-heads of the team, are leaving to join rival trader Glencore, sources familiar with the matter told Reuters.

Brent edges down, pares Friday's jump of over 10 pct

TOKYO, Feb 15 (Reuters) - Brent and U.S. crude futures edged down on Monday, paring gains from a more than 10-percent jump at the end of last week that came amid renewed talk that OPEC might finally agree to cut production to reduce a world glut.

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