More

• NYMEX-U.S. oil steady below $99 ahead of Fed announcement Tuesday, 18 Jun 2013 | 8:57 PM ET

  PERTH, June 19- U.S. oil prices were steady below $99 on Wednesday as investors waited for the U.S. *NYMEX crude futures for July delivery had risen 6 cents to $98.50 a barrel by 0053 GMT, after climbing to a nine-month high of $98.74 a barrel on Monday. *Brent crude rose 6 cents to $106.08 a barrel.

• UPDATE 1-Brazil mining bill could double royalty to 4 pct Tuesday, 18 Jun 2013 | 11:58 AM ET

  RIO DE JANEIRO, June 18- Brazil, the world's second-largest producer of iron ore, unveiled a long-awaited bill to reform the country's 46- year-old mining code on Tuesday, proposing new royalties of up to 4 percent, double the current rate. President Dilma Rousseff said royalties would be calculated on gross income, rather than net earnings.

• AIRSHOW-Pentagon, contractors take aim at F-35 operating costs Tuesday, 18 Jun 2013 | 9:33 AM ET

  *Pentagon sees estimates coming down after fall review. Lockheed is developing three models of the F-35 for the U.S. military and eight countries that are helping fund its development: Britain, Australia, Canada, Norway, Italy, Turkey, Denmark and the Netherlands.

• ANALYSIS-Swedish banks' "best-in-class" capital may hide risks Tuesday, 18 Jun 2013 | 8:39 AM ET

  *Swedish bank risk-weighted assets at the low end in Europe. STOCKHOLM, June 18- Sweden's big banks could find their reputation for capital strength increasingly under threat due to pressure from regulators who fear they are more vulnerable to risky loans than appears on paper.

• Offshore oil industry experiments with remote control Tuesday, 18 Jun 2013 | 4:14 AM ET

  *BP controlling wells at Valhall offshore field from land. *Norway is testing ground for new method. Unions say the move endangers safety, a top focus of regulators and the industry since BP's Macondo accident in the Gulf of Mexico in 2010, which killed 11 people and resulted in a massive oil spill.

• NYMEX-Oil inches up, but investors cautious ahead of Fed meeting Monday, 17 Jun 2013 | 9:26 PM ET

  *NYMEX crude futures for July delivery had added 21 cents to $97.98 a barrel by 0030 GMT. *Production at Norway's Oseberg field and several adjunct fields in the North Sea was shut early on Monday and it was unclear when it would restart, its operator Statoil said on Monday.

• UPDATE 7-Brent crude oil dips before U.S. Fed meeting Monday, 17 Jun 2013 | 4:11 PM ET

  NEW YORK, June 17- Brent crude oil futures touched a 10- week high close to $107 a barrel on Monday as tensions in the Middle East rose, but prices finished slightly lower on the day after a late sell-off in U.S. gasoline futures. Brent's premium over U.S. crude ended at $7.70, on the narrow end of the $7.50 to $10 range in which it has traded since early May.

• RPT-INVESTMENT FOCUS-"Great Rotation" may have already begun Monday, 17 Jun 2013 | 2:30 AM ET

  LONDON, June 13- Just as a month-long stock market rout seems to have further trashed the concept of a "Great Rotation" from bonds into equities, evidence is emerging that institutional investors may have already begun such a shift.

• UPDATE 2-TeliaSonera eyes fresh start with Vodacom exec as new CEO Sunday, 16 Jun 2013 | 3:52 PM ET

  STOCKHOLM, June 16- Nordic telecom operator TeliaSonera said on Sunday it had picked Johan Dennelind, the current chief executive of South Africa's Vodacom International, as its new CEO.

• AIRSHOW-UPDATE 2-Pratt sees deal for F-35 engines in next 30 days Sunday, 16 Jun 2013 | 1:29 PM ET

  PARIS, June 16- Pratt& Whitney, a unit of United Technologies Corp, expects to reach an agreement with the Pentagon within the next 30 days on a contract for engines to power a sixth batch of F-35 fighter jets, Pratt President David Hess told Reuters.

• Oslo to okay Arctic oil drilling near sea ice, despite risks Friday, 14 Jun 2013 | 12:57 PM ET

  *Norway government seeking to offset production decline. OSLO, June 14- Norway is set to permit offshore oil and gas exploration in Arctic waters vulnerable to sea ice, angering some opposition politicians and environmentalists who say ice sharply raises risks of accidents.

• INVESTMENT FOCUS-"Great Rotation" may have already begun Friday, 14 Jun 2013 | 11:07 AM ET

  LONDON, June 13- Just as a month-long stock market rout seems to have further trashed the concept of a "Great Rotation" from bonds into equities, evidence is emerging that institutional investors may have already begun such a shift.

• Russia challenges consensus rule at heart of U.N. climate talks Friday, 14 Jun 2013 | 7:33 AM ET

  *Russia says U.N. decisions by' consensus' are too vague. *Belarus, Ukraine back Moscow after defeat in Qatar. Seething after they were overruled in a consensus decision at U.N. talks in Qatar last year, Russia, Belarus and Ukraine blocked one strand of two-week climate talks in Bonn ending on Friday, by insisting on clearer rules for decision-making.

• UPDATE 1-Marathon Oil taps Exxon Mobil executive as next CEO Thursday, 13 Jun 2013 | 11:23 AM ET

  June 13- Marathon Oil Corp tapped an Exxon Mobil Corp executive to become its next CEO when Clarence Cazalot retires at the end of the year. Lee Tillman, Exxon Mobil's vice president of engineering, will take the top post at the energy exploration company in January 2014, Marathon Oil said on Thursday.

• INSIGHT-No smoke, plenty of fire fuels e-cigarettes Thursday, 13 Jun 2013 | 7:22 AM ET

  *E-cigarettes sold as less harmful alternative to tobacco. LONDON, June 13- Puffing on slim metal tubes loaded with pale yellow liquid, two London businessmen say they have between their lips a cure for what the U.N. calls "one of the biggest public health threats the world has ever faced".

• UPDATE 1-Britain to regulate e-cigarettes as medicine from 2016 Wednesday, 12 Jun 2013 | 10:04 AM ET

  LONDON, June 12- Britain is to regulate electronic cigarettes as non-prescription medicines from 2016 in an attempt to improve quality, though the country's drugs watchdog said they would still be sold in convenience stores.

• Britain to regulate e-cigarettes as medicine from 2016 Wednesday, 12 Jun 2013 | 8:14 AM ET

  LONDON, June 12- Britain is to regulate electronic cigarettes as non-prescription medicine from 2016 in an attempt to improve quality, though the country's drugs watchdog said they would still be sold in convenience stores.

• S.Korea's Samsung Heavy wins $1.3 bln order from Statoil Tuesday, 11 Jun 2013 | 10:05 PM ET

  SEOUL, June 12- Samsung Heavy Industries Co Ltd said on Wednesday it had won a 1.46 trillion won order to build two large-scale jack-up rigs for Norway's Statoil ASA. The South Korean shipbuilder said in a statement the rigs were expected to be put to use in the North Sea off the coast of Norway. The contract is expected to be completed in October 2016.

• UPDATE 2-Japan's $1 trln public pension cuts govt bond weighting, lifts stocks Friday, 7 Jun 2013 | 8:11 AM ET

  TOKYO, June 7- Japan's public pension fund, the world's largest with a pool of $1.1 trillion, announced on Friday the most significant shift in its asset allocation since 2006 so it can take on greater risk by shifting into stocks and away from Japanese government bonds.

• UPDATE 1-Bangladesh spurns garment industry in budget Thursday, 6 Jun 2013 | 12:29 PM ET

  *Industry had sought $40 million to improve safety standards. DHAKA, June 6- Bangladesh's finance minister promised on Thursday to improve working conditions in the garment industry after a deadly factory collapse, but he spurned calls for new public money to construct safer buildings.