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Oil prices rise on strong Japan, Australia economic data

SINGAPORE, May 20 (Reuters) - Crude oil prices bounced back on Wednesday from steep falls in the previous session as strong Japanese economic growth surprised markets and the business outlook in Australia also seemed to brighten, stoking producer hopes of increased demand.

REFILE-With nuclear deal in sight, Iran drives harder bargain in Indian trade talks

NEW DELHI, May 20 (Reuters) - Iranian trade negotiators have become more assertive with Indian counterparts as hopes rise of international sanctions on Tehran easing later this year, sources said, and Indian companies fear they may lose business as more countries bid for projects.

Global players look for bullish notes as sugar crush continues in Brazil

After New York Sugar Week, the global sugar industry is bracing for yet another surplus. Brazil and India could show production increases, although changes in China and unfavorable weather could lend a more bullish note to markets.

New rules no fix for Indonesia's dollar fixation

JAKARTA, May 20 (Reuters) - As Indonesia prepares to ban domestic use of the dollar to build faith in its own currency, it might succeed in taking the greenback out of local hands, but much of the benefit of the reform will be lost as local heads still calculate in dollars.

Energy explorers bemoan cost of labor disputes in Argentina

BUENOS AIRES, May 19 (Reuters) - Labor disputes are on the rise in Argentina and costing foreign energy companies millions of dollars as they explore the country's vast but barely-tapped Vaca Muerta shale oil and gas field, company officials said.

UPDATE 1-Marathon disappointed Galveston Bay workers reject contract offer

HOUSTON, May 19 (Reuters) - Marathon Petroleum Corp said on Tuesday it was disappointed by the rejection of a contract offer by striking workers at the company's Galveston Bay Refinery in Texas City, Texas.

BRASILIA- CHINA'S LI SAYS FINANCIAL COOPERATION WILL HELP STABILIZE FINANCIAL MARKETS IN CHINA AND BRAZIL AND EMERGING MARKET NATIONS

BRASILIA- CHINA'S LI SAYS FINANCIAL COOPERATION WILL HELP STABILIZE FINANCIAL MARKETS IN CHINA AND BRAZIL AND EMERGING MARKET NATIONS

Brazil's Rousseff announces China investment and trade deals

BRASILIA, May 19 (Reuters) - Brazilian President Dilma Rousseff on Tuesday announced over $53 billion in trade, finance and investment deals with China aimed at help Brazil upgrade its infrastructure and boost a slumping economy.

Shell vows to explore Arctic despite Seattle protests

LONDON, May 19 (Reuters) - Royal Dutch Shell will press on with a campaign to explore the Arctic for oil this summer despite protests in the port city of Seattle, chief executive officer Ben van Beurden said on Tuesday.

UPDATE 1-Duke Energy to convert North Carolina coal plant to natgas

May 19 (Reuters) - Duke Energy Corp, the largest U.S. power company by generation capacity, said it would invest $1.1 billion to retire a coal-powered power plant in North Carolina and build a natural gas plant at the site over four to five years.

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