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National Oilwell Varco to cut another 900 Norwegian jobs

OSLO, Dec 7 (Reuters) - U.S. oilfield equipment maker National Oilwell Varco Inc will cut its Norwegian workforce by another 900 people after low oil prices resulted in fewer orders, the company said on Monday.

Despite low oil prices, Gates looks to Gulf in anti-poverty campaign

ABU DHABI, Dec 7 (Reuters) - Low oil prices and tight budgets in the Gulf are making it harder to raise money for a fund tackling poverty in the Muslim world, but a growing culture of philanthropy may draw in wealthy regional donors, billionaire campaigner Bill Gates said.

Iron ore shipments to China from Port Hedland rise 3 pct in Nov-port

SYDNEY, Dec 7 - Monthly iron ore shipments to China through Australia's Port Hedland rose 3 percent in November amid a sharp weakening in prices for the raw material used in steel production, port data released on Monday showed.

BP says not affected by Azerbaijan oil platform accident

BAKU, Dec 7 (Reuters) - British oil company BP said on Monday its operations in Azerbaijan were not affected by a deadly accident at one of the platforms in the Caspian Sea operated by Azeri state energy company SOCAR.

Fire sweeps through slum in India's Mumbai, residents feared trapped

MUMBAI, Dec 7 (Reuters) - A warehouse fire swept through a slum in the Indian city of Mumbai on Monday after triggering a series of gas cylinder explosions, fire brigade and police officials said.

UPDATE 1-Britain's Meggitt says to outperform weak parts market in 2016

LONDON, Dec 7 (Reuters) - Meggitt, a supplier of wheels, brakes and electronic systems to planemakers, said it would grow underlying revenue in the low to single digits next year, outperforming a weak market that prompted it to warn on this year's profit in October.

Entire U.S. forward crude curve falls below $60 as OPEC keeps oil taps open

* WTI forwards for Dec 2024 delivery fall below $60 per barrel

UPDATE 1-Fluor to buy Stork of the Netherlands for $755 million

AMSTERDAM, Dec 7 (Reuters) - Fluor Corporation said on Monday it would buy Dutch engineering and construction firm Stork from its private equity owner Arle Capital, for $755 million.

Glencore to cut more Australia coal output as price sinks

SYDNEY, Dec 7 (Reuters) - Commodities group Glencore said it will idle its loss-making Collinsville colliery in Australia for three weeks starting later this month and will restrict production next year as thermal coal prices deteriorate.

China's Sichuan Shengda Group says unable to pay bond investors on time

SHANGHAI, Dec 7 (Reuters) - Chinese coal miner and pig iron producer Sichuan Shengda Group Ltd said on Monday that it has not been able to make full payments on time to bond holders.

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