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Euro zone shares rise to outperform weaker UK market

LONDON, Aug 10 (Reuters) - Euro zone stock markets advanced on Monday, as a rise in some major financial shares offset the impact of weaker commodity stocks weighing on the British market.

China hits back at U.S. criticism over South China Sea "restrictions"

BEIJING, Aug 10 (Reuters) - China hit back on Monday at U.S.

Israel’s 340-MW Solar Goal on Hold As Industry Waits for Government Policies

Israel set a goal in October of installing 340 megawatts of solar power. Developers are still waiting for the government to provide the details they need to move forward.
“Development has been a hard grind,” said Jon Cohen, chief executive officer of Arava Power Co. “Everything has gone slow and hard.”

Unlikely Allies in North Carolina Clean-Energy Fight

With North Carolina’s renewable energy mandate under assault from Republican legislators, green groups seeking to save it have found an unlikely ally: the state’s hog industry.
Smithfield Foods Inc. and other companies that raise and slaughter pigs have put aside decades of disagreements and united -- for the moment -- with environmentalists to defend the only state law in the nation that lists swine manure as a renewable resource.

UPDATE 1-Daewoo Shipbuilding announces restructuring after $2.6 bln Q2 loss

* Firm to sell non-core assets, exit from non-essential businesses

UPDATE 1-PwC says Noble Group's accounting practices comply with rules

* PwC says valuation of contracts comply with relevant criteria

CVR Partners to buy Rentech Nitrogen for $533 mln

Aug 10 (Reuters) - Ammonia maker CVR Partners LP said on Monday it would acquire nitrogen fertilizer producer Rentech Nitrogen Partners LP for about $533 million, excluding debt and Rentech's Pasadena plant.

UPDATE 1-Gazprom profit jumps 71 pct on weak rouble, robust prices

MOSCOW, Aug 10 (Reuters) - Russia's largest gas producer Gazprom beat expectations with a 71 percent jump in first-quarter net profit after weakness in the rouble more than compensated for a drop in sales volumes to Europe.

Daewoo Shipbuilding says to sell all non-core assets in restructuring

SEOUL, Aug 10 (Reuters) - South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd said on Monday that it will sell all non-core assets and exit from all non-essential business units as part of a company-wide restructuring effort.

BUZZ-Oil producers, services providers: No respite

** Oil companies and service providers fall heavily as oil prices drop below $49 per barrel

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