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Japanese trading houses to cut investments, step up asset sales

TOKYO, May 15 (Reuters) - Japan's big trading houses, stung by large asset writedowns in the wake of the global commodities slump, plan to step up asset sales and wind back investment spending by up to $10 billion over the next three years.

CORRECTED-Oil industry challenges U.S. train safety rules in court -NYT

WASHINGTON, May 12 (Reuters) - A U.S. oil industry group has launched a legal challenge to federal rules aimed at tightening safety standards in oil-by-train transport, the New York Times reported on Tuesday.

UPDATE 1-Duke Energy pleads guilty to environmental crimes in North Carolina

RALEIGH, N.C., May 14 (Reuters) - Duke Energy Corp pleaded guilty on Thursday to environmental crimes over a North Carolina power plant's coal ash spill into a river and management of coal ash basins in the state, U.S.

Apache shareholders approve proxy access proposal

HOUSTON, May 14 (Reuters) - Apache Corp shareholders approved on Thursday a proposal to allow minority shareholders to nominate directors to the board of the company, a leading U.S. shale oil producer.

UPDATE 4-Iran navy fires shots at tanker as tensions rise in Gulf

WASHINGTON/LONDON, May 14 (Reuters) - Iranian naval vessels fired shots at a Singapore-flagged tanker in the Gulf on Thursday, in what appeared to be Iran's latest attempt to settle a legal dispute by force with passing commercial vessels, U.S.

UPDATE 1-Brazil prosecutors say Petrobras scheme moved $2.1 bln in bribes

SAO PAULO, May 14 (Reuters) - Brazilian investigators believe 6.19 billion reais ($2.1 billion) in bribes were moved in a corruption scheme involving state-run oil firm Petroleo Brasileiro SA, prosecutor Deltan Dallagnol said on Thursday.

U.S. green groups sue in challenge to oil train safety rules

WASHINGTON, May 14 (Reuters) - Seven environmental groups filed a lawsuit on Thursday challenging safety rules issued earlier this month for trains carrying oil, arguing the regulations are too weak to protect the public.

UPDATE 2-Striking Marathon Galveston Bay refinery workers to vote on pact

HOUSTON, May 14 (Reuters) - Striking workers at Marathon Petroleum Corp's Galveston Bay, Texas, refinery are scheduled to vote on Monday on a new contract proposal hammered out by a federal mediator, company and union officials said on Thursday.

Colombia says lax safety may have contributed to fatal Drummond coal accident

BOGOTA, May 14 (Reuters) - Colombia's second-biggest coal miner, U.S.-headquartered Drummond, failed to implement adequate health and safety practices prior to an accident in which two workers were killed when a cargo of coal was tipped on them, the Labor Ministry said.

CORRECTED-Duke Energy pleads guilty to environmental crimes in North Carolina

RALEIGH, N.C., May 14 (Reuters) - Duke Energy Corp pleaded guilty on Thursday to environmental crimes over a North Carolina power plant's coal ash spill into a river and management of coal ash basins in the state, U.S. prosecutors said.

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