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Iraq's Kurdistan region takes small step towards economic reform

ERBIL, Iraq, Dec 23 (Reuters) - The government of Iraq's Kurdistan region has unveiled spending cuts in a tentative step towards tackling an economic crisis that officials say poses a greater threat than Islamic State.

UPDATE 1-Canada's economy stalls in October in weak start to Q4

OTTAWA, Dec 23 (Reuters) - Canadian economic growth stalled in October, struggling soon after emerging from recession, as a rebound in the oil and gas sector was offset by declines in manufacturing and retail activity, data from Statistics Canada showed on Wednesday.

U.S. core capital goods orders fall in November

WASHINGTON, Dec 23 (Reuters) - A gauge of U.S. business investment plans fell in November and the prior month's increase was revised sharply lower as the drag on manufacturing from a strong dollar and spending cuts in the energy sector showed little sign of abating.

UPDATE 2-Saudi king: govt to diversify income and raise efficiency

* Saudi seen announcing it ran big deficit this year (Recasts and adds quotes, details, background)

France's Total eyes fuel stations in Angola, signs MOU

LUANDA, Dec 23 (Reuters) - France's Total has signed an memorandum of understanding with Angola's Sonangol, a first step to opening fuel stations in the southern African nation, Total told Reuters on Wednesday.

China sets CO2 reporting standards ahead of market launch

BEIJING, Dec 23 (Reuters) - China issued national standards for industrial firms to report their greenhouse gas emissions as part of the country's plan to launch a national carbon market in 2017.

COLUMN-U.S. freight stalls as firms try to cut unwanted stocks: Kemp

LONDON, Dec 23 (Reuters) - Traffic on the U.S. rail network continues to weaken in a sign of the slowdown spreading across the industrial economy and efforts by firms to reverse the unplanned build up of inventories throughout the supply chain.

UPDATE 1-China to cut on-grid power tariffs for thermal power

BEIJING, Dec 23 (Reuters) - China said on Wednesday it would cut on-grid prices for thermal electricity by 0.03 yuan per kilowatt-hour, the second cut since April 2015, in a move that tracks the downward trend in coal prices.

China to cut on-grid tariffs for thermal power

BEIJING, Dec 23 (Reuters) - China will cut the on-grid wholesale prices for thermal electricity in the new year, the central government said on Wednesday.

UPDATE 1-Thai Bangchak to invest at least $277 mln next year

BANGKOK, Dec 23 (Reuters) - Thai oil refiner Bangchak Petroleum Pcl said on Wednesday it planned to invest at least 10 billion baht ($277.55 million) next year, including in renewable energy and petroleum exploration and production.

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