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Islamist groups in Syria talks on individual basis - Russia

ABU DHABI, Feb 2 (Reuters) - Two Syrian opposition Islamist groups will participate in Syria talks in Geneva on an individual basis, but this does not mean they are legitimate and not terrorists, Russian Foreign Minister Sergei Lavrov said on Tuesday.

Foreign investors welcome to take part in Russian privatisation - Kremlin

MOSCOW, Feb 2 (Reuters) - Foreign investors are welcome to take part in Russian privatisation, Kremlin spokesman Dmitry Peskov told reporters on Tuesday.

UPDATE 6-Oil slips towards $33 as hopes for production cut fade

* U.S.

China Bluestar's newly appointed CEO to focus on growth, profitability

BEIJING, Feb 2 (Reuters) - The new chief executive of China National Bluestar said he was conducting a review of its operations that could include divestments in a bid to boost growth and competitiveness at the unit of state-owned China National Chemical Corporation (ChemChina).

BUZZ-Tullow Oil: Nomura cuts PT, remains bearish

** Tullow Oil down c.4 pct, one of the top FTSE midcap losers after Nomura cuts PT to 150p from 185p; reiterates "reduce" rating

UPDATE 2-BP reports worst annual loss in over 20 years, cuts more jobs

* BP reports 2015 loss of $6.5 bln, to cut 3,000 more jobs (Updates throughout, adds shares)

Russia proposes raising state firms' dividend payout ratio to 50 pct

MOSCOW, Feb 2 (Reuters) - Russia's budget may get an extra 110 billion roubles ($1.41 billion) in dividends from state companies this year if the payout ratio is raised to 50 percent of profits, Olga Dergunova, the head of Russia's state property agency, said on Tuesday.

NWR unit wants to lay off half of employees over two years-Czech TV

PRAGUE, Feb 2 (Reuters) - Czech hard coal miner New World Resources' (NWR) OKD unit wants to lay off half of its employees within two years as part of a restructuring, Czech Television reported on Tuesday, citing Chief Executive Dale Ekmark.

UPDATE 1-Azeri central bank revokes licence from Texnikabank

BAKU, Feb 2 (Reuters) - Azerbaijan's central bank said on Tuesday it had revoked the banking licence of Texnikabank, one of the oil-rich nation's 10 largest lenders by assets, and imposed temporary administration.

A new global oil deal could draw lessons from 1998

LONDON, Feb 2 (Reuters) - After a year of secret diplomacy and hushed-up private talks around the world, OPEC's mighty Saudi Arabia and rival Venezuela were persuaded to cut a deal by non-OPEC Mexico which overcame mutual acrimony and led to a much-needed rise in oil prices.

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