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Power producer Southern Co to buy AGL Resources for $8 bln

Aug 24 (Reuters) - U.S. power producer Southern Co said it will buy AGL Resources for about $8 billion in cash, creating the second-largest utility company in the country by customers.

UK shares slump to lowest level in over 2-1/2 years

LONDON, Aug 24 (Reuters) - Britain's top share index fell sharply on Monday, with all individual stocks in the red and miners leading the slide on growing fears of a China-led global economic slowdown.

PBF's Delaware City catalytic cracker shut for at least a month -source

NEW YORK, Aug 24 (Reuters) - A key gasoline-making unit at PBF Energy Inc's 182,200-barrel-per-day (bpd) Delaware City, Delaware, refinery is expected to be shut for at least a month - and possibly much longer - following an explosion and fire on Friday, a source familiar with plant operations said on Sunday.

RPT-Junior miners jump into medical marijuana, food service amid slump

TORONTO/VANCOUVER/SYDNEY, Aug 23 (Reuters) - Many of the world's junior miners are laying down their picks and shovels to start new ventures ranging from egg exporting to medical marijuana farming, as they as try to survive a crash in metals prices by shifting away from exploration.

South Africa's state giants hobble economy

JOHANNESBURG, Aug 24 (Reuters) - The state-run corporations that have shaped South Africa's economy and been part of its every day life for nearly a century are mostly in a state of collapse, threatening to crush already weak growth.

Controversial China rig completes drilling well near Vietnam coast

BEIJING, Aug 24 (Reuters) - The Chinese oil rig at the centre of last year's standoff between China and Vietnam over oil exploration in the South China Sea has completed drilling of a well not far from Vietnam's coast, the official Xinhua News Agency said on Monday.

CORRECTED-Anglo American sells two Chilean mines to Audley for $300 million

LONDON, Aug 24 (Reuters) - Anglo American is to sell two Chilean copper mines to investment firm Audley Capital for $300 million, the company said on Monday, as it delevers its balance sheet to help combat a global slump in commodity prices.

UPDATE 1-Britain says Iran sanctions could be lifted next spring

TEHRAN, Aug 24 (Reuters) - British Foreign Secretary Philip Hammond said on Monday he expected sanctions on Iran could start to be lifted as early as Spring next year.

Britain says Iran sanctions could be lifted next spring

TEHRAN, Aug 24 (Reuters) - British Foreign Secretary Philip Hammond said on Monday he expected sanctions on Iran could start to be lifted as early as Spring next year.

Low-energy, healthy homes: Europe's answer to shale gas?

BRUSSELS, Aug 24 (Reuters) - With street names such as Temperance and Hygiene and plenty of green open spaces, the 1920s Bon Air (Good Air) housing estate in a working-class district of Brussels was meant to provide a healthy "garden city" way of life.

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