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Iraq turns to US drones to protect oil platforms

Iraq is buying unmanned drones from the United States to help protect its southern oil platforms as the OPEC nation ramps up production after the withdrawal of the last American troops, US and Iraqi officials said on Monday.

Brokerage Mint Partners to start Singapore operations

London-based Mint Partners, which was acquired by interdealer broker BGC Partners Inc in 2010, is expanding into energy brokerage in Asia by starting a middle distillates broking desk next month, industry sources familiar with the matter said.

After control fight, can Casino thrive in Brazil?

After more than a decade of legal maneuvering that culminated in a bitter boardroom fight, France's Casino is finally taking control of Brazil's biggest retailer, Pão de Açúcar.

Turkmens close to gas deal on trans-Afghan pipeline

Turkmenistan plans this week to sign a long-awaited agreement to supply natural gas to Pakistan and India through an ambitious US-backed pipeline that would cross Afghanistan, a source in the Central Asian country's government told Reuters on Monday.

US banking laws unable to stop JPMorgan loss: Boehner

US banking reforms could not have prevented JPMorgan Chase & Co's trading losses, and those involved in the activities that went awry should be held accountable, US House of Representatives Speaker John Boehner said in an interview aired on Sunday.

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Hong Kong shares set for fourth straight loss

Hong Kong shares look set to post a fourth-straight loss on Monday, dragged lower by weakness in Europe's largest bank, HSBC Holdings Plc as investors await details of a pledge by global leaders over the weekend to keep Greece in the euro zone.

Markets regain ground but still edgy over Greece

Markets recovered some ground on Monday after last week's heavy losses, but investors remained wary about the euro zone despite world leaders calling for Greece to stay in the monetary union and for Europe to balance austerity with growth.

US job growth seen accelerating

The US labour market will strengthen significantly next year, with monthly job growth expected to average 200,000, according to a new survey published on Monday.

Chinese buyers default on coal shipments

Chinese traders have defaulted on some thermal coal contracts following a drop in prices over the past month, traders said on Monday, providing more evidence that a slowdown in the world's second-largest economy is hitting the appetite for commodities.

Gold gains on steady euro; Europe concerns stay

Gold inched up on Monday to extend last week's rise, tracking a steady euro after world leaders pledged to combat financial turmoil, although worries about Greece and the euro zone debt crisis continued to feed caution in the financial markets.

World & Africa Companies

Opel CEO to face heat from workers over likely plant closure

The head of General Motors unit Opel will face workers' concerns on Monday over reported plans to shut one of its four German plants as the automaker pulls production of the Astra, its best-selling model, from the country.

Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion

Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing.

Wanda to buy AMC Entertainment for $2.6 billion

China's Dalian Wanda Group agreed to acquire AMC Entertainment for $2.6 billion, becoming the biggest theatre operator in the US by revenue.

General News

At least 20 killed, 60 wounded in Sanaa suicide attack

At least 20 people were killed and more than 60 wounded when a man in soldier's uniform blew himself up at a military parade rehearsal in the Yemeni capital Sanaa on Monday, a police source said.

Militant group claims suicide bombing in Syria

A militant group has claimed responsibility for a suicide bombing in eastern Syria last week that killed nine people and said attacks would continue, in a statement posted on the Internet on Monday.

Romney Super PAC raises less, still tops Democrats

Restore Our Future, an outside "Super PAC" backing Republican presidential hopeful Mitt Romney, raised $3.9 million in April, less than half of its haul in March but still far ahead of its Democratic counterpart working to re-elect President Barack Obama.

Australia's Gillard back on knife-edge numbers

Australian Prime Minister Julia Gillard's grip on power has been weakened over the past month after independent Speaker Peter Slipper stood aside due to a sexual harassment accusation, cutting her ability to command a majority in parliament.

Beirut gun battles leave 2 dead, Syria spillover feared

Street battles in Beirut during the night between groups for and against Syrian President Bashar al-Assad's embattled regime have left two people dead, Lebanon's state-run news agency has said.

Putin to dominate new Russian government

Russian President Vladimir Putin will unveil a government dominated by loyalists on Monday, leaving Prime Minister Dmitry Medvedev limited scope to pursue his reform agenda and entrenching the Kremlin's grip over the economy's commanding heights.

UN nuclear chief in Iran on key mission

The head of the UN nuclear agency has arrived in Tehran on a key mission that could lead to the resumption of probes on whether Iran has secretly worked on a nuclear weapon.

Ruling party headed for 1st round win in Dominican election

Early results from presidential elections in the Dominican Republic show ruling party candidate Danilo Medina headed for victory 12 years after he lost in a landslide to opposition candidate Hipolito Mejia.

NATO to endorse Afghan exit plan, seeks routes out

NATO leaders will endorse plans to hand over combat command in Afghanistan by mid-2013 on Monday and seek practical progress in opening routes to bring an international army of more than 130,000 back home from an unpopular, resource-draining war.

Egypt 'revolution youth' divided ahead of landmark poll

They came out in droves united in their desire to overthrow Hosni Mubarak, but on the eve of Egypt's landmark presidential election, the youth that spearheaded that revolt are divided over how to keep it alive.

Mali coup leader to have status of former head of state

The leader of putschists who ousted Mali's president in March will retain the title of former head of state and all privileges coming with it, interim authorities and the West African ECOWAS bloc have said.

Germany's Schaeuble says Greek euro zone exit preventable

German Finance Minister Wolfgang Schaeuble said Greece's exit from the euro zone could definitely be prevented but that it was up to Greece to abide by its agreements.
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