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U.S. Democrat Hillary Clinton says Arctic drilling 'not worth the risk'

Aug 18 (Reuters) - U.S.

Uganda Signs US$95 Million Agreement to Develop 44.7-MW Muzizi Hydroelectric Project

Germany’s state controlled KFW Development Bank, the French Development Agency (AFD) and the government of Uganda, signed a US$95 million agreement this week to construct the 44.7-MW Muzizi hydroelectric project on the Muzizi River in the district of Kibaale, which borders the Ndaiga and Hoima districts in western Uganda. 

China concerns reduce emerging market appetite to record low - BoA ML survey

LONDON, Aug 18 (Reuters) - Investors have cut their exposure to emerging markets to record low levels and increasingly expect the United States to raise interest rates in September, a survey showed on Tuesday.

COLUMN-Hedge funds aggressively bearish towards U.S. crude: Kemp

LONDON, Aug 18 (Reuters) - A relatively small group of hedge fund managers has placed a record bet on U.S. oil prices declining further in the months ahead.

UPDATE 1-Petrobras chairman votes against stake sale in fuel unit

RIO DE JANEIRO/SAO PAULO, Aug 18 (Reuters) - Petrobras Chairman Murilo Ferreira dissented in a recent vote to sell a stake of at least 25 percent in the Brazilian state- controlled company's BR Distribuidora SA fuel distribution unit to help reduce debt, board meeting minutes showed.

UPDATE 1-Thai PTT to expand oil trading business in South America

* Expects narrower losses from NGV business in H2 (Recasts with trading business, details)

Forget egos, sign peace deal: Uganda tells South Sudan leaders

KAMPALA, Aug 18 (Reuters) - Regional power Uganda told South Sudan's warring factions on Tuesday to put their egos aside and make peace, a day after President Salva Kiir refused to sign a deal to end a 20-month-old conflict.

Wood Group says has cut about 13 pct jobs since Dec

Aug 18 (Reuters) - John Wood Group Plc said it had reduced its headcount by 13 percent since December and saved $40 million in overhead costs in the first half.

Cairn Energy expects to begin Senegal drilling ops in fourth qtr

Aug 18 (Reuters) - Oil explorer Cairn Energy Plc said it expected to start drilling operations at its oilfields in Senegal in the fourth quarter.

Playing Chinese markets is as simple as "follow the leader"

HONG KONG, Aug 18 (Reuters) - Some foreign investors have found a new and simple way to make money from China's dysfunctional stock markets - by dispensing with market research and playing "follow the leader" instead.

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