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  • House of Representatives on Friday approved the pipeline, which would carry oil from Canada to refineries on the U.S. Gulf Coast, and the Senate is expected to consider it on Tuesday. The 45 Republicans in the Senate need to find 15 Democrats to join them in voting for the pipeline in order to send the bill to Obama. "It's within a vote or two," Dick Durbin, the...

  • ABUJA, Nov 16- Nigeria will use about half of its $4.11 billion oil savings Excess Crude Account to meet ongoing expenditures, its finance minister said on Sunday. "We are not trying to deplete it. But we might go to tap about half of it or slightly less than half to be able to meet expenditures that are crystallizing at the moment that we need to make, "Ngozi...

  • ABUJA, Nov 16- Nigeria's finance minister has proposed lowering the assumed benchmark oil price for the country's 2015 budget to $73 per barrel from the $78 proposed in September, due to the recent sharp fall in global crude prices. Brent crude prices, the index against which Nigeria's oil is priced, has fallen more than 30 percent since July.

  • *Finance Ministry says 2014 growth will be 2.4 percent. JERUSALEM, Nov 16- Israel's economy contracted for the first time in more than five years in the third quarter, as growth was hit by the effects of a war with Islamist militants in Gaza. "We are talking about a one-time result and will not have a long-term impact," the Finance Ministry said in a statement, noting it...

  • *EU Commission head's investment plan big enough to count. BRUSSELS, Nov 16- New European Commission President Jean-Claude Juncker is preparing a 300 billion euro investment plan he will present as a cornerstone of efforts to revive an ailing economy. "It is significant," said Carsten Brzeski, economist at ING bank in Frankfurt.

  • BUENOS AIRES, Nov 16- Argentina, which defaulted on its debt again in July amidst a decade-long legal battle with a group of U.S. investment funds, welcomed on Sunday the inclusion of a clause in a G20 summit communique aimed at helping sovereign debt restructurings. He barred Argentina from servicing debt owned by the 92.5 percent of investors who accepted...

  • ORLANDO/ WASHINGTON, Nov 16- In recent weeks, hundreds of thousands of U.S. More than 17 million cars have been recalled worldwide, including over 11 million in the United States. Robert Lamoureux, 47, a coordinator for an events production firm in Orlando, heard about exploding airbags on the news weeks ago and confirmed on Honda's website that his 2002 Accord SE...

  • Nov 16- Just how much of Harold Hamm's fortune was amassed through his skill and hard work? That was a key question that Oklahoma divorce judge Howard Haralson had to weigh in his decision last week, when he ordered Hamm, the chief executive officer of Continental Resources- and Oklahoma's richest person- to hand over more than $1 billion in cash and assets to his...

  • NEW YORK, Nov 16- Almost every year for more than a decade, tour group operator Carson Zhang guided a delegation of about two dozen Chinese government officials from Guangdong province's Forestry Administration for a two-week trip through the national parks of California, Tennessee, and Georgia. Along with presentations about forest fires and trail...

  • JERUSALEM, Nov 16- Israel's economy contracted for the first time in more than five years in the third quarter, as growth was hit by the effects of a war with Islamist militants in Gaza. Growth for all of 2014 is projected at 2.2 percent, with Israel's 50- day war in July and August having shaved off about half a percentage point. The Bank of Israel had previously said...

  • DUBAI, Nov 16- Kuwait plans to offer to the public the shares in Kuwaiti joint ventures which U.S. petrochemicals giant Dow Chemical Co plans to sell off, state news agency KUNA quoted a senior Kuwaiti executive as saying. Dow Chemical announced last week that as part of a $7- $8.5 billion divestiture plan, it would reduce its equity positions in all of its Kuwaiti...

  • *Euro crisis prompted 1.20 euro cap on Swiss franc. ZURICH, Nov 16- The Swiss National Bank faces the biggest test of its cap on the franc in two years but may find it easier to defend now than when euro zone breakup fears were rampant and the strategy unproven. The franc rose to its strongest level since September 2012 on Friday, brushing up against the 1.20 euro limit...

  • GERMANY'S MERKEL IN SYDNEY URGES EUROPEANS TO SPEED UP THEIR NEGOTIATIONS WITH U.S.

  • BRISBANE, Australia, Nov 16- Australia's ill-fated attempts to stop G20 world leaders talking about climate change is not just something of an embarrassment for this year's host- it signals a shift in focus for the grouping as Turkey prepares to take control next month. But others, including Turkey, China and the United States, were itching to move beyond the...

  • LONDON, Nov 16- Working out of a shared office near London's Euston station, Michael Kent is part of a revolution that may be driven on by this year's row over alleged currency market manipulation by major banks. Kent's online business, Azimo, and more than 30 others in the United Kingdom are building on the success of firms like Western Union and MoneyGram...

  • *Good weather, bigger harvest lead to glut. NANDI HILLS, Kenya, Nov 16- Emerald-coloured tea bushes blanketing the rolling hills of Nandi County have long provided a livelihood for small-scale farmers, helping make Kenya one of the world's biggest tea exporters. Samuel Busienei, a 72- year-old tea farmer, says he earns 40 percent less for each kilogramme of tea sold...

  • Nov 16- Chemotherapy as a treatment for advanced melanoma could soon become obsolete, researchers said on Sunday, after patients taking an experimental immuno-oncology drug from Bristol-Myers Squibb Co had a much higher survival rate and had other favorable results. Georgina Long, an associate professor at the Melanoma Institute Australia who helped lead...

  • *Russia at crossroads over Ukraine, more sanctions possible. BRISBANE, Australia, Nov 16- Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine. President Barack Obama accused Russia of...

  • FRANKFURT, Nov 16- As large parts of Europe's economy grind almost to a halt, attention will focus this week on the latest assessments of business confidence in the euro zone and Germany, which has just narrowly avoided a recession. While the United States economy has accelerated and China holds a slower but steady course, euro zone countries have remained...

  • *Statoil is test case via exploration in Canada fields. OSLO, Nov 16- Norway's Statoil risks millions of dollars in extra costs in Canada- a test case that could spell problems for other oil firms too as coastal states extend their seabed territories far into resource-rich ocean depths. The rules- articles of the U.N. Convention on the Law of the Sea- have thus far been...