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Shell pursues transition plan after sealing $53 bln BG deal

LONDON, Feb 15 (Reuters) - Royal Dutch Shell on Monday sealed the $53 billion (36 billion pounds) acquisition of British rival BG Group to form the world's top liquefied natural gas company, even as slumping oil prices cast a shadow on the upcoming years of transition.

Russia: Better Iran-Saudi Arabia ties would help oil prices - RIA

MOSCOW, Feb 15 (Reuters) - Russia wants to see improved relations between Iran and Saudi Arabia at a time when joint action is needed to influence global oil prices, the RIA news agency on Monday quoted Zamir Kabulov, a senior official at Russia's Foreign Ministry, as saying.

Malaysia faces spike in risks as central bank chief retires, gas markets tank

SINGAPORE, Feb 15 (Reuters) - After grappling with a sliding currency and a slowing economy, Malaysian policy makers may have to cope with heightened risks from April - the departure of the country's respected central bank governor and a further slump in the price of gas exports.

COLUMN-Rio Tinto's iron ore hope at odds with foresight claim: Russell

LAUNCESTON, Australia, Feb 15 (Reuters) - - "We don't run our business on hope, we run it with foresight and focus." These are Rio Tinto Chief Executive Sam Walsh's words, but he's only half right.

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.

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