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RPT-COLUMN-China carbon trading not all bad news for commodities: Russell

LAUNCESTON, Australia, Sept 28 (Reuters) - - China's planned national cap-and-trade carbon emissions system may at first appear to be yet another bearish factor for commodity demand in the world's largest consumer of natural resources.

UPDATE 1-Halliburton, Baker Hughes plan more divestitures for deal approval

Sept 28 (Reuters) - Oil services provider Halliburton Co and Baker Hughes Inc will sell additional businesses in connection with Halliburton's pending acquisition of its smaller rival, the companies said in a joint statement.

India to pay $700 mln to Iran in outstanding oil dues this week

NEW DELHI, Sept 28 (Reuters) - India will make a $700 million oil payment to Iran on Wednesday, sources said, the first release of such funds after the July deal that sets the roadmap for the lifting of sanctions aimed at Tehran's nuclear activities.

Poland's PGE does not rule out including hard coal mines in group

WARSAW, Sept 28 (Reuters) - Poland's largest utility PGE is open to the possibility of including restructured hard coal mines in its group, PGE's Chief Executive Officer Marek Woszczyk said on Monday.

European shares led lower by Glencore, VW

LONDON, Sept 28 (Reuters) - European shares fell on Monday, with miner Glencore seeing nearly a quarter of its value wiped out by debt concerns and carmaker Volkswagen , which has been hit by an emissions data scandal, extending losses.

No easy fixes as Russia's budgetary troubles mount

MOSCOW, Sept 28 (Reuters) - The oil price collapse and Ukraine sanctions have punched a hole in Russia's finances, but the government is fudging its response so far because the solutions could hurt President Vladimir Putin's popularity.

Energy Transfer to buy rival pipeline company Williams Cos

Sept 28 (Reuters) - Pipeline company Energy Transfer Equity LP said it would buy Williams Cos Inc in a cash-and-stock deal valued at about $37.7 billion, including debt.

Halliburton, Baker Hughes to divest more businesses for deal approval

Sept 28 (Reuters) - Oil services provider Halliburton Co and Baker Hughes Inc will sell additional businesses in connection with Halliburton's pending acquisition of its smaller rival, the companies said in a joint statement.

Glencore slumps 25 pct as debt fears grow

* Traders concerned there is no "floor" for price (Updates share price data, adds comments, background)

UPDATE 2-Shell pulls the plug on Arctic exploration for now

LONDON, Sept 28 (Reuters) - Oil company Royal Dutch Shell is pulling out of exploration in Arctic waters off Alaska for the foreseeable future and could take a hit of up to $4.1 billion after failing to find enough oil.

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