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Weak euro to help European companies, force U.S. rivals to adapt

LONDON, March 13 (Reuters) - The euro's slide towards parity with the dollar will provide a much-needed boost for European companies this year and force U.S. rivals to adapt their businesses or risk losing market share.

US STOCKS-Energy drags Wall St lower; S&P set to drop for third week

* Indexes down: Dow 1.1 pct, S&P 0.9 pct, Nasdaq 0.7 pct (Updates to mid-morning trading)

REFILE-Russian economy could shrink by 5.8 pct in 2015 in "risk scenario" - c.bank

MOSCOW, March 13 (Reuters) - The Russian economy could contract by up to 5.8 percent this year in a "risk scenario" based on oil prices averaging around $40-$45 per barrel, a central bank monetary policy document published on Friday said.

UPDATE 1-UN resumes Libyan consultations without recognised parliament

SKHIRAT, Morocco, March 13 (Reuters) - The United Nations opened a new round of consultations with Libyan politicians on Friday aimed at ending the country's crisis, but delegates from the internationally recognised parliament were absent.

EU proposes ending duty-free access for three China solar firms

BRUSSELS, March 13 (Reuters) - The European Commission has proposed denying three Chinese solar panel producers duty-free access to European markets because of alleged violations of its conditions, according to two sources familiar with the proposal.

UPDATE 7-Oil slips towards $56 as IEA predicts growing glut

* Talks could bring an end to sanctions on Iran (Updates prices)

Iran yet to receive $7.8 bln for oil sales - Press TV

DUBAI, March 13 (Reuters) - Iran has yet to receive $7.8 billion for crude oil sales made in recent months, government spokesman Mohammad Baqer Nobakht was quoted as saying, as Western sanctions keep Tehran shut out of the global banking system.

Governor of Russia's Sakhalin island charged with bribery

MOSCOW, March 13 (Reuters) - The governor of Russia's oil and natural gas-rich island of Sakhalin in the country's far east has been charged with large-scale bribery involving an energy company, investigators said on Friday.

Italy's Mossi Ghisolfi not up for sale after co-CEO's death

MILAN, March 13 (Reuters) - The owners of Mossi Ghisolfi (M&G) have no plans to sell the Italian chemicals group, Chief Executive Marco Ghisolfi said on Friday, emphasising that there would be no changes after the sudden death of his brother and co-CEO Guido.

Kurdish oil deal with Baghdad unravels as tensions rise

ARBIL/LONDON, March 13 (Reuters) - A four-month-old oil deal between Iraq and the semi-autonomous Kurdistan region is close to unravelling after payments from Baghdad dried up, prompting Arbil to threaten to sue buyers and ramp up independent oil exports.

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