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UPDATE 1-Oil prices drop on shrinking Japan economy, more US drill rigs

* Obama administration approves crude swap deal with Mexico (Adds U.S. rig count, U.S.

Oil prices pulled down by shrinking Japanese economy

SINGAPORE, Aug 17 (Reuters) - Oil prices fell in early Asian trading on Monday as Japan's economy contracted on the back of falling exports and consumer spending, adding to fears that Asia's biggest economies are starting to slow at the same time.

Fukushima operator's mounting legal woes to fuel nuclear opposition

IWAKI, Japan, Aug 17 (Reuters) - Four and a half years after the Fukushima disaster, and as Japan tentatively restarts nuclear power elsewhere, the legal challenges are mounting for the crippled plant's operator.

MIDEAST DEBT-Saudi money market turmoil shows bank jitters over bond issues

* Some see eventual pressure on FX peg, but CDS show no panic

Hanergy says may post loss after cancelling deals with parent

HONG KONG, Aug 16 (Reuters) - Hanergy Thin Film Power Group Ltd (HTF), under investigation by Hong Kong's share market regulator, said on Sunday it may record a loss for the first half of the year after suspending or terminating a large number of sales to its parent company and affiliates.

UPDATE 1-Libya's oil output 350,000 to 380,000 bpd -new eastern state oil firm chairman

BENGHAZI, Libya/CAIRO, Aug 15 (Reuters) - Libya's oil production is between 350,000 and 380,000 barrels a day, the new chairman of a state oil firm based in eastern Libya said on Saturday.

South Sudan peace deal in balance as leaders gather ahead of deadline

ADDIS ABABA, Aug 15 (Reuters) - East African leaders gathered in the Ethiopian capital on Saturday in a last-ditch effort to convince South Sudan's warring sides to sign a peace deal, ramping up pressure before a Monday deadline to end a 20-month civil war.

Eastern Libyan government appoints new chairman for its state oil firm

BENGHAZI, Libya, Aug 15 (Reuters) - Libya's internationally recognised government has appointed Naji al-Maghrabi as chairman of its state oil firm NOC based in the east of the country, an oil official said on Saturday.

Iran gives UN watchdog information about past nuclear activities

VIENNA, Aug 15 (Reuters) - Iran has given the U.N.

China warns of change of wind spreading toxic substances at blast site

SHANGHAI, Aug 15 (Reuters) - China warned residents near the site of two huge explosions who had taken refuge in a school to evacuate on Saturday when the wind changed direction, and suggested they wear long trousers and face masks.

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