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Spain's Rajoy says has not talked to Socialists on gov't formation

MADRID, Jan 18 (Reuters) - Spain's acting Prime Minister Mariano Rajoy said he has not talked to the traditional opposition, the Socialists, on possible pacts to form a government after the inconclusive election in December as they have not wanted to talk to him.

Oil rout favours Rio Tinto over BHP, at least for now

MELBOURNE, Jan 18 (Reuters) - In the decimated mining sector, Anglo-Australian Rio Tinto is set to be the last man standing for investors as sliding commodities prices force its peers to slash dividends, in a reversal of fortunes against arch rival BHP Billiton.

Japan to retain sovereign insurance to ship Iranian oil-sources

TOKYO, Jan 18 (Reuters) - Japanese buyers of Iranian crude will have to keep using special sovereign shipping insurance to import oil for the foreseeable future, despite the lifting of sanctions against Tehran, industry and government sources said on Monday.

Iran's Rouhani to visit Italy, France next week, first Europe trip after sanctions lifted

ROME, Jan 18 (Reuters) - Iranian President Hassan Rouhani will visit Italy and France next week on his first trip to Europe since the lifting of sanctions against his country, a diplomatic source said on Monday.

UPDATE 1-Iran says new US sanctions illegitimate

DUBAI, Jan 18 (Reuters) - Iran on Monday said new U.S. curbs on the Islamic Republic's ballistic missile programme were illegitimate, vowing to continue developing its conventional military deterrent.

UPDATE 1-Amec Foster Wheeler says CEO Brikho steps down

Jan 18 (Reuters) - Oil and gas services company Amec Foster Wheeler Plc said chief executive Samir Brikho is stepping down, and appointed chief financial officer Ian McHoul as his interim replacement.

Amec Foster Wheeler says CEO Brikho steps down

Jan 18 (Reuters) - Oil and gas services company Amec Foster Wheeler Plc said chief executive Samir Brikho is stepping down, and appointed chief financial officer Ian McHoul as his interim replacement.

Iran says new U.S. sanctions illegitimate, points to Washington's arms sales

DUBAI, Jan 18 (Reuters) - Iran said on Monday new U.S. sanctions imposed on the Islamic Republic's ballistic missile programme were illegitimate because of Washington's arms sales in the Middle East.

To get big results for energy in the US Congress, start small

There are hundreds of groups of US legislators huddled around special interests in the Congress, including several dozen organized around energy-related issues.

China ban on new coal mines barely scratches the surface of tackling capacity

BEIJING, Jan 18 (Reuters) - China's decision to stop approving new coal mines for three years has been applauded by green groups, but the move is likely to make barely a dent on the world's biggest coal industry given its vast existing production capacity.

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