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Philippines' foreign minister resigns over health issues

MANILA, Feb 8 (Reuters) - Philippine President Benigno Aquino on Monday accepted the resignation of foreign minister Albert del Rosario, who helped spearhead the country's vigorous challenge to China's territorial claims in the South China Sea.

UPDATE 2-Diamond Offshore's profit beats on lower costs; div scrapped

* Contract drilling costs, excluding depreciation, fall 29 pct

Ask Hunker Harry: Good weather news is bad news for US steel

What may be great news about winter for wide swaths of America is likely bad news for the price of ferrous scrap.

RPT-COLUMN-India's fading oil product exports contrast with China's boom: Russell

LAUNCESTON, Australia, Feb 8 (Reuters) - - One of the dominant themes in Asia's oil products markets is the rise of Chinese fuel exports, so much so that the decline in shipments from India barely gets mentioned.

COLUMN-Emerging markets hit by commodities, credit and currencies: Kemp

LONDON, Feb 8 (Reuters) - The global economy is being hit by a slowdown in growth, large swings in exchange rates and tumbling commodity prices.

Iran considers stakes in refineries in other countries - Shana

DUBAI, Feb 8 (Reuters) - Iran holds a stake in a refinery project in Malaysia and is considering taking stakes in projects in five other countries, the managing director of the National Iranian Oil Engineering and Construction Company (NIOEC) was quoted as saying on Monday.

Diamond Offshore swings to quarterly loss; dividend scrapped

Feb 8 (Reuters) - Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, suspended its dividend after swinging to a quarterly loss as it wrote down the value of nine drilling units by nearly half a billion dollars.

Asia Naphtha-Bangladesh naphtha tender gets lowest bid since Nov 2014

DHAKA, Feb 8 (Reuters) - Bangladesh Petroleum Corp (BPC) will sell 170,000 barrels of naphtha to Japanese trading firm Itochu at a discount of $1.19 to Singapore quotes, the lowest price since November 2014.

UPDATE 1-RWE npower says to reduce UK household gas prices by 5.2 pct

LONDON, Feb 8 (Reuters) - RWE's British unit npower plans to reduce domestic gas prices by an average of 5.2 percent from March 28, the company said on Monday.

Anglo American's CEO sees no reversal of commodities price slump soon

CAPE TOWN, Feb 8 (Reuters) - Anglo American's chief executive said on Monday the mining industry had itself to blame for oversupply in the market and cannot rely on a reversal of the commodities price slump anytime soon.

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