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  • LAUNCESTON, Australia, Dec 4- China's renewing of its oil purchase deals with Iran not only provides a boost to the Islamic Republic's hopes of re-establishing itself in global markets, it also underscores why this week's OPEC meeting is largely irrelevant. This is notwithstanding some apparent tentative signals from top producer Saudi Arabia that it may...

  • *Iran in pre-marketing with PetroChina, CNOOC- traders. Previously OPEC's No.2 exporter, Iran is keen to recoup oil market share lost during U.S. and European Union sanctions over its nuclear program and is aiming to boost oil output by 500,000 barrels per day- equal to about 50 percent of current exports- in early 2016.. Sinopec Corp, Asia's largest refiner, and...

  • ROME, Dec 2- Global oversupply and sliding prices are pushing big natural gas buyers of LNG from India to China to look at reworking long-term agreements in what was for long a producer-controlled market. Banking on a tide of new liquefied natural gas supply from the United States, Australia and Russia hitting markets through 2021, importers are seizing the...

  • Dec 1- Canadian Oil Sands Ltd set a 2016 capital expenditure budget that was 35 percent lower than what it expected to spend this year, becoming the latest North American energy company to further tighten its belt as oil prices slump. Canadian Oil Sands said lower production costs at the Syncrude oil sands project- Canada's largest single-source producer of...

  • Asian equity markets weighed by geopolitical fears Wednesday, 25 Nov 2015 | 1:36 AM ET

    While fresh geopolitical fears after Turkey shot down a Russian warplane sent most Asian equities lower, oil prices and some energy plays saw gains.

  • U.S.-listed Chinese shares fall ahead of MSCI inclusion Wednesday, 11 Nov 2015 | 4:37 PM ET

    NEW YORK, Nov 11- Chinese stocks that trade on U.S.-listed exchanges were mostly lower on Wednesday, even as investors expect indexer MSCI to add some well-known company stocks to its emerging market indexes. Lack of transparency has kept so-called China "A" shares, which trade in mainland China, from MSCI's major world indexes. "U.S. listed Chinese companies are...

  • Where's oil headed? Ask China Friday, 6 Nov 2015 | 9:48 AM ET

    China is known as a major consumer of oil. But it also controls the oil markets in this way, says Steve Kopits.

  • O'Shaughnessy buys 3 global dividend stocks Tuesday, 3 Nov 2015 | 6:00 AM ET
    A GlaxoSmithKline logo sits on a sign outside the company's headquarters in London.

    Jim O'Shaughnessy, member of the "Squawk Box" Portfolio Challenge, believes in three global dividend stocks.

  • Oil fall weighs on Asia markets, but Japan shares rise Wednesday, 28 Oct 2015 | 6:52 AM ET

    Asian markets traded mixed Wednesday, with losses in energy plays counterbalanced by gains in Japan shares on stimulus hopes.

  • Most sectors fell, with energy stocks among the worst casualties, weighed down by Chinese oil giants Sinopec, PetroChina and CNOOC. But shares of major Chinese carriers including Air China, China Eastern and China Southern Airlines jumped on merger expectations. Also bucking the broader trend were shares of China mini-marts operator Wumart Stores Inc, which...

  • RIO DE JANEIRO, Oct 20- Brazil's giant offshore subsalt oil and gas areas will only break even with oil worth $55 a barrel or more, Oswaldo Pedrosa, chief executive of state-owned oil-asset management company Pre-Sal Petroleo SA, said on Tuesday. The $55 a barrel figure is 14 percent higher than the current benchmark Brent crude oil price and 22 percent higher than...

  • SHANGHAI, Oct 13- China and Hong Kong stocks retreated Tuesday morning on profit-taking following strong rebounds over the past sessions, with investors unimpressed by China's September trade data suggesting the economy remains under downward pressure. China's blue-chip CSI300 index fell 0.4 percent, to 3,434.62 points by lunch time, while the Shanghai...

  • Oct 9- Hong Kong stocks rose on Friday, capping their biggest weekly gain in six months on improving risk appetite globally as minutes from Federal Reserve's latest meeting further eroded expectations of a near-term U.S. rate hike. "The chance of a U.S. interest rate rise this year is getting slimmer," said Alex Kwok, chief analyst and head of research at China...

  • TORONTO, Ontario, Oct 8- Canadian Liberal Party leader Justin Trudeau, in a tight race to be the country's next prime minister, said on Thursday his party is open to foreign investment in Bombardier Inc as long as it protects the country's interests. The embattled Canadian plane and train manufacturer, which held unsuccessful talks to sell a majority stake in its...

  • Oct 8- Hong Kong stocks fell on Thursday, led by energy shares, as investors took profits after the benchmark Hang Seng Index rebounded 8 percent over the past week. Investors sold Hong Kong stocks despite strong gains in mainland China markets as they reopened after a week-long holiday, reflecting lingering concerns about China's slowing economy ahead of a...

  • HONG KONG, Oct 7- Hong Kong shares rallied on Wednesday, rising over 3 percent, as financials and energy stocks shone just a day before China markets reopen after the national holidays. Industrial and Commercial Bank of China rose 5 percent, Bank of China surged 4.6 percent, while China Construction Bank climbed 4.5 percent. Energy shares also extended their gains...

  • Energy shares climb, pulling Asia shares higher Wednesday, 7 Oct 2015 | 2:34 AM ET
    A Shell Oil facility in Carson, California

    Energy shares across Asia climbed Wednesday after oil prices surged overnight, helping to pull most Asia markets into positive territory.

  • HONG KONG, Oct 6- Hong Kong shares closed mixed on Tuesday, with the main index down slightly but the Chinese Enterprise index lifted by gains in energy stocks, such as PetroChina. Casino stocks continued their week-long rebound from multi-year lows, with Sands China rising 8.6 percent, Wynn Macau up 7.4 percent, and Galaxy Entertainment climbing 3.9 percent.

  • *China energy giants spent years securing global gas supplies. BEIJING/ MILAN, Oct 2- China's energy giants- after years spent scrambling to secure supplies for the world's third-biggest gas market- are being forced to sell a glut of the fuel to buyers in other countries as soaring demand grinds to a halt. Faced with a wave of new LNG imports, China's Sinopec Corp is in...

  • WINNIPEG, Manitoba, Sept 29- Canada's Liberal and New Democratic parties, vying to replace the governing Conservatives in a tight three-way election race, both say they would clarify rules around foreign corporate takeovers if they win. Canada requires foreign bids for Canadian firms worth C $600 million or more in enterprise value to undergo a review of...