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Freeport stock sinks as mining contract uncertainty rattles market

TORONTO, July 24 (Reuters) - Shares of diversified miner and energy producer Freeport-McMoRan sank for a second session Friday, as uncertainty around Indonesian mining contracts added to worries about spending plans, high debt and falling commodity prices.

UPDATE 1-U.S. oil drillers add rigs despite crude price collapse-Baker Hughes

July 24 (Reuters) - U.S. oil producers added 21 oil rigs in the past week, the most in over a year, data showed on Friday, suggesting that drillers were moving more aggressively than expected, just before crude prices' latest dive down.

Crude futures extend losses to session lows on U.S. oil rig rise

NEW YORK, July 24 (Reuters) - Brent and U.S. crude futures extended losses to session lows on Friday after Baker Hughes Inc data showed companies added 21 oil rigs in the United States this week.

U.S. oil drillers add rigs despite crude prices collapse-Baker Hughes

July 24 (Reuters) - U.S. energy firms added 21 oil rigs this week after pulling seven rigs last week, despite a 21 percent collapse in U.S.

UPDATE 3-Canada's Encana lays off 200 employees in July amid oil slump

* Says cut 1,400 jobs since 2013 (Adds analyst, CEO comments; updates shares)

INVESTMENT FOCUS-With metals slumping, investors seek miners that can weather storm

LONDON, July 24 (Reuters) - A slump in metals prices this week and worries over China's growth prospects have heightened investor scrutiny of whether mining companies have the ability to weather the storm ahead.

WRAPUP 1-Iran offers state assets to foreigners in investment drive

VIENNA, July 24 (Reuters) - Iran offered to sell state assets to foreigners, said it would cut the government's role in the economy and pledged a tight monetary policy as it sought to attract billions of dollars of investment from abroad after over a decade of isolation.

UPDATE 1-Petrobras union 24-hour strike fights asset sales, oil bill

RIO DE JANEIRO, July 24 (Reuters) - Brazilian oil workers began a 24-hour strike on Friday in an effort to stop efforts to shrink state-run oil company Petroleo Brasileiro SA, or Petrobras, according to the main union representing the workers.

IMF names eastern central bank governor as its Libya contact

BENGHAZI, Libya/CAIRO, July 24 (Reuters) - The International Monetary Fund said on Friday it has recognised the central bank governor named by Libya's official government as its sole contact and ended ties with a rival bank chief in Tripoli.

Brazil prosecutors set to lay charges against Odebrecht CEO

CURITIBA, Brazil, July 24 (Reuters) - Brazilian prosecutors will present formal charges Friday against the chief executive of Latin America's largest engineering firm and other senior executives detained last month in a landmark investigation meant to show the country's elite are not above the law.

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