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UPDATE 1-Tesco 'seriously breached' industry code, watchdog says

LONDON, Jan 26 (Reuters) - Tesco, Britain's biggest supermarket group, "seriously breached" a legally binding code to protect suppliers in order to prop up its own finances as it battled an industry slowdown, the country's grocery watchdog ruled on Tuesday.

Kazakh sovereign fund prepares for weaker oil, tenge

ASTANA, Jan 26 (Reuters) - Kazakh sovereign welfare fund Samruk-Kazyna expects the country's tenge currency to weaken further this year alongside oil prices, its chief financial officer told Reuters on Tuesday.

Boosting economy is way to beat extremism -Iran president

ROME, Jan 26 (Reuters) - Iran wants to become a major exporting nation following the lifting of international sanctions, Iranian President Hassan Rouhani said on Tuesday, adding that economic growth was crucial to defeating extremism in the Middle East.

UPDATE 1-Russia beats Saudis as top China crude supplier for 4th month in 2015

BEIJING, Jan 26 (Reuters) - Russia beat out Saudi Arabia as China's top crude oil supplier for the fourth month in 2015 in December due to robust demand from independent Chinese refiners that prefer shipments from the Far East over high-sulphur barrels from the Middle East.

UPDATE 1-Kuwait sees tough 2016, oil at $40-60 to 2020 - OPEC governor

KUWAIT, Jan 26 (Reuters) - Kuwait's OPEC governor said on Tuesday that this year would be tough, with oil prices seen recovering only after 2016 but remaining between $40 and $60 a barrel until 2020.

UPDATE 1-China oil demand to grow 4.3 percent in 2016 -CNPC research

* CNPC also says natural gas use to rise 7.3 pct to 205 bcm (Adds detail, context)

Standard & Poor's downgrades Asia-Pacific energy firms as oil prices tumble

SINGAPORE, Jan 25 (Reuters) - Rating agency Standard and Poor's (S&P) on Tuesday downgraded several oil and gas companies in the Asia-Pacific region as a lower oil price forecast undermines the sector's revenue and credit outlook.

MIDEAST STOCKS-Saudi, Egypt fall as oil, global bourses decline

DUBAI, Jan 26 (Reuters) - Bourses in Saudi Arabia and Egypt fell in early trade on Tuesday as investors cashed out following a resumption in declines of global stocks and worries over further weakness in oil markets.

UPDATE 1-Poland likely to scrap $3 bln Airbus helicopter deal - report

WARSAW, Jan 26 (Reuters) - Poland's $3 billion army helicopter deal with Airbus is "very likely" to be cancelled, the deputy defence minister said on Tuesday, signalling one of Warsaw's key military programmes, speeded up in response to the Ukraine crisis, may face delays.

Russia's Lavrov: Ukraine is unreliable as gas transit route to Europe

MOSCOW, Jan 26 (Reuters) - Russian Foreign Minister Sergei Lavrov said on Tuesday Ukraine was unreliable as a transit route for exporting Russian gas to Europe. (Reporting by Vladimir Soldatkin and Andrew Osborn; Writing by Jack Stubbs; Editing by Maria Kiselyova)

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