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UPDATE 2-South Sudan president re-appoints rival under peace deal

JUBA, Feb 11 (Reuters) - South Sudan's President Salva Kiir has re-appointed his rival Riek Machar as vice president, a decree said on Thursday, the culmination of a deal to try to end months of civil war in the world's newest nation.

Iran, Brazil in talks on investment in Brazil refineries -source

BRASILIA, Feb 11 (Reuters) - Iran and Brazil are in talks about a possible Iranian investment in troubled refinery projects controlled by Brazilian state-led oil company Petroleo Brasileiro SA, a Brazilian government source told Reuters on Thursday.

REFILE-UPDATE 1-Russia raises spectre of permanent or "world war" if Syria talks fail

MUNICH, Feb 11 (Reuters) - Russian Prime Minister Dmitry Medvedev raised the spectre of a permanent or a world war if powers failed to negotiate an end to the conflict in Syria and warned against any ground operations by U.S. and Arab forces.

U.S. sanctions three for Islamic State activities

WASHINGTON, Feb 11 (Reuters) - The U.S. Treasury blacklisted three people on Thursday for working for Islamic State, including one it said was a senior oil official and another it said had recruited Gulf nationals for the militant group as early as March 2014.

UPDATE 1-Kremlin critic Navalny files lawsuit against Putin

MOSCOW, Feb 11 (Reuters) - Russian anti-corruption campaigner and opposition figure Alexei Navalny said on Thursday he had filed a lawsuit against Vladimir Putin after a company in which the Russian leader's son-in-law is a shareholder received $1.75 billion in state support.

Mexico's Alfa sees 3 pct fall in revenue in 2016

MEXICO CITY, Feb 11 (Reuters) - Mexican industrial conglomerate Alfa said on Thursday it sees a 3 percent fall in revenue this year compared to 2015.

Saipem counting the cost of going solo in low oil price world

MILAN, Feb 11 (Reuters) - A plunge in oil prices and little sign of recovery anytime soon have left Italian oil contractor Saipem ill-prepared to cope with life independent from former parent Eni, even after a 3.5 billion euro ($4 billion) fundraising.

Russia raises spectre of "world war" if nations fail to negotiate over Syria

MUNICH, Feb 11 (Reuters) - Russian Prime Minister Dmitry Medvedev said all powers must sit at the negotiating table to forge an end to the war in Syria "instead of unleashing a new world war".

Blackstone aims new fund at troubled offshore drilling market

NEW YORK, Feb 11 (Reuters) - Blackstone Group has launched a fund to finance the troubled offshore drilling and services sector, the U.S. private equity firm said on Thursday, anticipating a buyer's market as low oil prices set the stage for restructuring and consolidation.

Russia presses on with plans for Urals crude futures, improving pricing

LONDON, Feb 11 (Reuters) - The Russian government has taken another step towards launching futures for its flagship Urals crude oil blend in an attempt to promote the grade and narrow the pricing gap with global benchmark Brent, according to a government document.

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