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UPDATE 3-Anglo may raise Brazil iron ore capacity to 29 mln t/yr by 2018-20

BELO HORIZONTE, BRAZIL, May 11 (Reuters) - Anglo American may increase capacity at its Minas-Rio iron ore mine in Brazil by nearly 10 percent, a move that could cut unit costs at the troubled $13 billion project, the company's Brazil chief executive said on Monday.

Morgan Stanley to sell Global Oil Merchanting business to CCI

May 11 (Reuters) - Morgan Stanley said it would sell its Global Oil Merchanting business to Castleton Commodities International LLC, a privately held U.S. energy merchant, for an undisclosed sum.

UPDATE 1-BP Whiting refinery workers approve pact, end strike -union

HOUSTON, May 11 (Reuters) - Striking workers at BP Plc's Whiting, Indiana, refinery ratified a new four-year contract on Monday, formally ending a three-month work stoppage, said the president of the United Steelworkers local chapter representing the hourly employees.

UPDATE 1-Nigeria, Chad troops should cooperate in Boko Haram fight -Chad's Deby

ABUJA, May 11 (Reuters) - Chad's President Idriss Deby said on Monday in Nigeria's capital Abuja that the fight against Islamist Boko Haram insurgents was being hindered by failure of the two countries' troops to work together.

China's state firms cool on new derivatives power

HONG KONG/BEIJING, May 12 (Reuters) - Chastened by several high-profile calamities in the recent past, many of the state companies China has freed to trade overseas derivatives will be sitting on their hands, put off by the risks or a lack of expertise.

Start now for cheaper carbon-free growth - World Bank - TRFN

BARCELONA, May 11 (Thomson Reuters Foundation) - Countries around the world can move their economies onto a path that cuts net emissions of climate-changing gases to zero at an affordable cost but they should start now, the World Bank said.

Energy debt investors reap gains on oil rise, but risks loom

NEW YORK, May 11 (Reuters) - The rebound in oil prices since mid-March is paying off for holders of corporate bonds of energy companies, and investors are confident that they will outperform Treasuries this year, despite lingering risks.

UPDATE 3-Ghana and Ivory Coast leaders discuss maritime dispute - parties

GENEVA/ACCRA, May 11 (Reuters) - The presidents of Ghana and Ivory Coast on Monday held talks on a maritime dispute hanging over oil projects near their shared border, the two sides said in a joint statement released in Accra.

UPDATE 1-U.S. approves Shell's plan to drill for oil in Arctic

WASHINGTON, May 11 (Reuters) - Royal Dutch Shell's return to oil drilling in the U.S. Arctic for the first time since 2012 took a big step forward on Monday when the Obama administration approved the company's exploration plan.

UPDATE 3-Saudi, Kuwait to shut joint oilfield for maintenance

DUBAI, May 11 (Reuters) - A jointly operated onshore oilfield between Saudi Arabia and Kuwait will shut for maintenance, a move apparently aimed at giving the Gulf OPEC allies more time to solve a long-standing dispute.

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