Energy Update

Mexican state oil and gas company Petróleos Mexicanos (Pemex) has reached a settlement with Conproca, a joint venture between Siemens and South Korea's SK Engineering & Construction, to pay $295m to resolve a long-standing legal issue.

SYDNEY, July 21 (Reuters) - Australian shares are poised for a steady start on Tuesday, tracking a muted Wall Street, but a plunge in gold and metal prices is likely to weigh on commodities-related shares. Investors will also be on the sidelines ahead of the central bank's minutes of policy meeting due at 1130 a.m. local time (0130 GMT). Local share price index futures rose 0.2 percent overnight, to sit at a near 35-point discount to the underlying S&P/ASX 200 index.

RIO DE JANEIRO, July 20 (Reuters) - Three executives of Brazil's Camargo Correa group were convicted on Monday of money laundering, corruption and other charges, the first construction-industry executives to be sentenced in a giant price fixing and bribery scandal involving state-run oil company Petrobras.

UNITED NATIONS/DUBAI, July 20 (Reuters) - The U.N. Security Council on Monday backed Iran's nuclear agreement with world powers but the Islamic Republic's Revolutionary Guards attacked the resolution, underlining powerful opposition to the deal.