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  • DHAKA/ NEW YORK, July 21- Jupiter. That single word, by a stroke of luck, helped stop the Federal Reserve Bank of New York from paying nearly $1 billion to the cyber-criminals behind a notorious bank heist earlier this year, according to sources familiar with the incident. They were incorrectly formatted at first; they were mainly to individuals; and they were very...

  • *European hopes pinned on Rotterdam project. ROTTERDAM, Netherlands/ GHENT, Belgium, July 19- A scheme to collect millions of tonnes of greenhouse gases and bury them under the North Sea off the coast of Rotterdam is Europe's best hope of showing it can make carbon capture and storage technology work. Rotterdam, Europe's largest port, is the home to the sole survivor...

  • *European hopes pinned on Rotterdam project. ROTTERDAM, Netherlands/ GHENT, Belgium, July 19- A scheme to collect millions of tonnes of greenhouse gases and bury them under the North Sea off the coast of Rotterdam is Europe's best hope of showing it can make carbon capture and storage technology work. Rotterdam, Europe's largest port, is the home to the sole survivor...

  • *European hopes pinned on Rotterdam project. ROTTERDAM, Netherlands/ GHENT, Belgium, July 19- A scheme to collect millions of tonnes of greenhouse gases and bury them under the North Sea off the coast of Rotterdam is Europe's best hope of showing it can make carbon capture and storage technology work. Rotterdam, Europe's largest port, is the home to the sole survivor...

  • *European hopes pinned on Rotterdam project. ROTTERDAM, Netherlands/ GHENT, Belgium, July 19- A scheme to collect millions of tonnes of greenhouse gases and bury them under the North Sea off the coast of Rotterdam is Europe's best hope of showing it can make carbon capture and storage technology work. Rotterdam, Europe's largest port, is the home to the sole survivor...

  • *Saudi Arabia moving out of its peak seasonal demand. LONDON, July 19- Oil prices steadied near $47 a barrel on Tuesday as concerns over a glut of crude and refined fuel outweighed an expected cut in U.S. shale production and a probable further drawdown in U.S. crude inventories. Brent crude slipped 7 cents to $46.89 a barrel as of 1113 GMT, after falling 65 cents, or 1.4...

  • It's a knife edge between optimism and pessimism, "said Ben Le Brun, market analyst at Sydney's OptionsExpress. Brent crude slipped 11 cents to $46.85 a barrel as of 0657 GMT after finishing the previous session down 65 cents, or 1.4 percent. U.S. crude, known as West Texas Intermediate, fell 11 cents to $45.13 a barrel after settling 71 cents, or about 1.6 percent, lower...

  • It's a knife edge between optimism and pessimism, "said Ben Le Brun, market analyst at Sydney's OptionsExpress. Brent crude slipped 13 cents to $46.83 a barrel as of 0349 GMT after finishing the previous session down 65 cents, or 1.4 percent. U.S. crude, known as West Texas Intermediate, fell 14 cents to $45.10 a barrel after settling 71 cents, or about 1.6 percent, lower...

  • LONDON, July 18- This has not been the summer many oil traders had expected after last year's bumper profits. Fuel inventories in the United States, Europe and Asia are brimming despite the height of peak summer driving. At least one vessel, the 90,000 tonne STI Grace has dropped anchor off the chic holiday town of Southwold on England's east coast in what traders...

  • LONDON, July 18- The cost of shipping oil through the Black Sea and Mediterranean fell on Monday after a failed coup in Turkey over the weekend and shipping sources said there were no disruptions through Istanbul's vital Bosphorus Strait. The Bosphorus, which bisects Istanbul, is a chokepoint for oil that handles over three percent of global supply- mainly from...

  • COPENHAGEN, July 18- A record number of around 150 container vessels are expected to be scrapped in 2016 but it will not be enough for an industry battling over capacity, low demand and falling rates, consultancy firm Drewry said. Moller-Maersk, said in February it would scrap more vessels and therefore begin to use four shipyards along India's Alang beaches to...

  • FRANKFURT, July 18- German container line Hapag-Lloyd warned investors that profit would fall in 2016 and signed a binding agreement with Arab peer UASC to form the world's fifth largest shipping company in response to a global industry crisis. "We are able to combine UASC's emerging global presence and young and highly efficient fleet with Hapag-Lloyd's...

  • *Saudi Arabia, Kuwait ahead of Iran in sales to teapots. SINGAPORE/ BEIJING, July 18- An Iranian crude cargo loaded by trading house Trafigura is set to arrive in east China this week, heating up the race among oil suppliers to meet the rise in demand for imports from China's independent refineries, trade sources said. Now, Iran is eyeing the new group of Chinese buyers,...

  • RIYADH, July 17- Saudi Arabia's energy minister said on Sunday the kingdom always reacts to oil market supply and demand and it would continue to monitor crude markets for any developments. Lamprell, Aramco, National Shipping Company of Saudi Arabia and Hyundai Heavy Industries signed a potential partnership agreement relating to the yard earlier this year.

  • *Azeri oil flows by pipeline to Turkey flow normally. *Turkey also important transit route for Black Sea grain. The Bosphorus is one of world's most important chokepoints for the maritime transit of oil with over three percent of global supply- mainly from Russia and the Caspian Sea- passing through the 17- mile waterway that connects the Black Sea to the...

  • US diplomats try to cut South China Sea tensions

    The United States is trying to calm the waters following the international court ruling denying China's claims to the South China Sea.

  • Hague tribunal rules against Beijing's South China Sea claims

    The court determined there is no legal basis for China to claim ownership over roughly 90-percent of the South China Sea.

  • *UK referendum result battered bank shares. LONDON, July 11- Royal Bank of Scotland is facing setbacks over a proposed sale of its Greek ship finance business, with potential suitors backing off, partly because of the British vote to leave the European Union, sources told Reuters. Britain's June 23 vote has raised the risk of recession and earnings downgrades that...

  • *UK referendum result battered bank shares. LONDON, July 11- The Royal Bank of Scotland is facing setbacks over a proposed sale of its Greek ship finance business, with potential suitors backing off, partly due to the British vote to leave the European Union, sources told Reuters. Britain's June 23 vote has raised the risk of recession and earnings downgrades that...

  • BRUSSELS, July 7- EU antitrust regulators accepted on Thursday an offer from Maersk, the world's largest container shipping liner, and 13 competitors to change their pricing practices in order to stave off possible fines. The other 13 firms are No.2 player MSC, No. 3 CMA CGM, Germany's Hapag Lloyd and Hamburg Sud, Taiwan's Evergreen Marine, China Ocean Shipping...