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  • A firefighting boat works to extinguish a fire aboard the tanker Burgos about seven nautical miles off the coast of the port city of Boca del Rio, Mexico, Saturday, Sept. 24, 2016. The tanker was carrying about 168,000 barrels of gasoline and diesel fuel. Mexico's Navy rescued 31 crew members and no injuries were reported. There were no immediate reports of fuel spills and the cause of the fire was unknown. (AP Photo/Ilse Huesca)

    MEXICO CITY (AP) — Mexico's state-owned oil company says it is working to extinguish a blaze aboard a loaded tanker ship in the Gulf of Mexico.

  • Ecuador's President Rafael Correa gestures as he arrives for a family photo during the 17th Non-Aligned Summit in Porlamar

    Ecuadorean President Rafael Correa said on Saturday he hopes OPEC countries will reach an agreement to stabilize the oil market at the upcoming meeting in Algeria, warning of "serious risks" for the group if they do reach a deal. Members of the Organization of the Petroleum Exporting Countries (OPEC) hold an informal meeting …

  • WARSAW, Poland (AP) — Two miners have been killed and another seriously injured during a cave-in at a copper and silver mine in southwestern Poland, a spokeswoman for the partly state-owned KGHM copper mining corporation said Saturday.

  • Politics to trump central bankers Reuters - Sat, Sep 24, 2016 02:02 BST

    With major central bank policy on hold for now, politics will take centre stage in the coming week as the U.S. presidential election enters a new phase with the first televised debate. Although Fed chief Janet Yellen said on Wednesday the Federal Reserve took decisions independently of politics, policymakers nevertheless …

  • A Canadian review of a proposed Petronas-led liquefied natural gas plant has found the project would have a significant environmental impact that requires major remedial measures, two sources briefed on the report said. The Liberal government of Prime Minister Justin Trudeau has until Oct. 2 to decide whether to approve …

  • Figures on government spending and debt Associated Press - Fri, Sep 23, 2016 22:38 BST

    Figures on government spending and debt in millions of dollars. The government's fiscal year runs Oct. 1 through Sept. 30.

  • The U.S. Commerce Department on Friday said India was dumping welded stainless pressure pipe in the United States at below market value and unfairly subsidizing the products. The duties will become final if the International Trade Commission determines the U.S. industry was being harmed. In 2015, imports of the products …

  • Fed wants to put new limits on banks' commodities activities Associated Press - Fri, Sep 23, 2016 20:44 BST

    WASHINGTON (AP) — The Federal Reserve wants to put new limits on big banks' activities in physical commodities businesses, with an eye to reducing financial risks from volatile trading and transport of sensitive materials.

  • Grain lower, livestock lower Associated Press - Fri, Sep 23, 2016 20:35 BST

    Grain futures were lower Friday on the Chicago Board of Trade. Wheat for Dec. fell .75 cent at $4.0475 a bushel; Dec. corn lost .25 cent to 3.3650 a bushel; Dec. oats was down .25 cent at $1.77 a bushel; ...

  • Nearly every Alaskan gets $1,022 from oil wealth fund Associated Press - Fri, Sep 23, 2016 20:30 BST

    Most every Alaskan will be just over a thousand dollars richer next month. Gov. Bill Walker's office on Friday announced the amount of this year's annual oil wealth check at $1,022. The checks will be ...

  • US rig count up 5 this week to 511 Associated Press - Fri, Sep 23, 2016 20:14 BST

    The number of rigs exploring for oil and natural gas in the U.S. increased by five this week to 511. A year ago, 838 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. ...

  • Pipeline developer buys ranch near North Dakota protest camp Associated Press - Fri, Sep 23, 2016 20:12 BST

    BISMARCK, N.D. (AP) — The company developing the four-state Dakota Access oil pipeline has purchased a portion of a historic North Dakota ranch where a violent protest occurred earlier this month due to what tribal officials said was construction crews destroying burial and cultural sites.

  • Brazil state oil co. Petrobras sells pipeline unit for $5.2B Associated Press - Fri, Sep 23, 2016 19:13 BST

    RIO DE JANEIRO (AP) — The board of Brazilian state-run oil giant Petrobras has approved the sale of a key natural gas pipeline unit to a group of investors led by Toronto-based Brookfield Asset Management.

  • The top 10 songs and albums on the iTunes Store Associated Press - Fri, Sep 23, 2016 19:11 BST

    iTunes' Official Music Charts for the week ending September 22, 2016:

  • Federal Reserve building in Washington

    WASHINGTON/NEW YORK (Reuters) - The Federal Reserve on Friday outlined a plan to limit Wall Street bets on the energy sector by forcing companies like Goldman Sachs and Morgan Stanley to hold more capital against such investments. Under current law, Goldman Sachs Group Inc and Morgan Stanley may invest in energy storage …

  • US Federal Reserve Chair Yellen holds news conference following two-day Federal Open Market Committee meeting in Washington

    With major central bank policy on hold for now, politics will take centre stage in the coming week as the U.S. presidential election enters a new phase with the first televised debate. Although Fed chief Janet Yellen said on Wednesday the Federal Reserve took decisions independently of politics, policymakers nevertheless …

  • US Fed plans tighter rules on bank commodity activities

    Under the new rules unveiled Friday, the investment banks Goldman Sachs and Morgan Stanley would face heightened capital requirements in order to invest in extracting, transporting and storing physical ...

  • Gas flame is seen in the desert near the Khurais oilfield

    DUBAI/LONDON (Reuters) - Saudi Arabia has offered to reduce oil production if rival Iran caps its own output this year, four sources familiar with the discussions told Reuters, as Riyadh tries to strike an elusive OPEC deal to curtail supply and boost prices. The offer, which has yet to be accepted or rejected by Tehran, …

  • Forest Service moves to prevent mining in Methow Valley Associated Press - Fri, Sep 23, 2016 17:20 BST

    The U.S. Forest Service is taking steps to prevent future mining at about 340,000 acres of federal lands in Washington's Methow Valley. Leslie Weldon, deputy chief of the agency's national forest system, ...

  • Restored historic ship returning to once-devastated seaport Associated Press - Fri, Sep 23, 2016 17:13 BST
    In this Sept. 15, 2016 photo, the Wavertree is under restoration at Caddell Dry Dock and Repair Co. in the Staten Island borough of New York. One of the last large sailing ships made of wrought-iron, and the largest still afloat, will again grace a berth of the South Street Seaport Museum when it returns on Sept. 24, after more than a year of restoration. (AP Photo/Mark Lennihan)

    NEW YORK (AP) — After a yearlong renovation, an iron-hulled sailing ship built in 1885 is returning to New York City's seaport district as the centerpiece of a museum that is making a comeback after having the wind knocked out of its sails after Superstorm Sandy.

  • Where are they now? What rogue traders do after prison Associated Press - Fri, Sep 23, 2016 17:03 BST
    Where are they now? What rogue traders do after prison

    Some seek quiet lives away from the media spotlight. Some become activists and others look to make money by selling their story. Rogue traders like Jerome Kerviel, who saw the damages he owes slashed Friday ...

  • Sunoco Logistics, the future operator of the oil pipeline delayed this month after Native American protests in North Dakota, spills crude more often than any of its competitors with more than 200 leaks since 2010, according to a Reuters analysis of government data. The lands of the Standing Rock Sioux Tribe sit a half …

  • Sep 23 (Reuters) - Following are Indonesian prices for crude palm oil (CPO) quoted at an auction by PT KPB Nusantara (formerly known as the state marketing centre) on wednesday . Buyer Volume Price Terms ...

  • Grain mixed, livestock mixed Associated Press - Fri, Sep 23, 2016 15:49 BST

    Grain futures were mixed Friday in early trading on the Chicago Board of Trade. Wheat for December delivery was 2 cents higher at $4.0740 a bushel; December corn was .50 cent higher at $3.3720 bushel; ...

  • Gold heads for best week since July as Fed fears fade Reuters - Fri, Sep 23, 2016 15:43 BST
    Gold bracelets are on display as a woman makes choices at a jewellery showroom in Kolkata

    Gold edged back towards the previous session's two-week highs on Friday and stayed on track for its biggest weekly gain in nearly two months, after the Federal Reserve sounded a cautious note on the pace of interest rate hikes. The Fed signalled an increasingly careful approach to future rate hikes after a policy meeting …

  • Saudi Arabia and other OPEC nations are looking at various scenarios in an effort to find common ground by November to stabilise the oil market, a Gulf OPEC source familiar with Saudi thinking said on Friday. "Our goal is to reach a consensus and look at different scenarios for the production levels of the OPEC countries," …

  • VEGOILS-Palm falls on lower demand, profit-taking Reuters - Fri, Sep 23, 2016 11:50 BST

    * Palm up 3.1 pct this week, best weekly gain in six * Market sees lower production, demand to year-end: trader (Updates latest prices, quote) By Emily Chow KUALA LUMPUR, Sept 23 (Reuters) - Malaysian ...

  • A salesman waits for customers inside a gold jewellery showroom in Mumbai

    BENGALURU/MUMBAI (Reuters) - Asian physical gold demand remained subdued this week ahead of a national holiday in China and amid what is considered an inauspicious period before the festival season begins in October in India. Higher international prices also dampened sentiment after they rose nearly 2 percent this week, …

  • Iraq sets ceiling on oil production before Algeria meeting Associated Press - Fri, Sep 23, 2016 10:30 BST

    Iraq's Oil Minister said his country supports any deal to prop up oil prices in the international market ahead of next week's meeting of oil producers in Algeria, adding that fluctuating prices have badly ...

  • Asian dealers ease back after Fed-fuelled rally AFP - Fri, Sep 23, 2016 09:41 BST
    Asian dealers ease back after Fed-fuelled rally

    Investors in Asia have taken their foot off the pedal after two days of strong gains

  • Anglo American names new finance director Reuters - Fri, Sep 23, 2016 08:56 BST

    LONDON/BENGALURU (Reuters) - Global mining company Anglo American Plc (AAL.L) on Friday named a new finance director with a track record in cost-cutting and debt reduction at Australian iron ore giant Fortescue (FMG.AX). Anglo American has been among the companies hardest hit by a deep commodities slide that last year …

  • BOJ Tankan to show business mood mixed amid strong yen Reuters - Fri, Sep 23, 2016 08:46 BST
    A man holds Japanese 10,000 Yen bank notes in front of a bank in Tokyo

    Japanese manufacturers' mood improved for the first time in five quarters while service sector confidence worsened to the lowest since 2014, a Reuters poll showed, as the effects of a strong yen (JPY=) filtered through the economy. The Bank of Japan's quarterly tankan business sentiment survey will likely show the headline …

  • Lebanese shun pricey, polluted beaches for trips abroad

    Sunseekers relax by the pool at a beach resort in the coastal Lebanese town of Anfeh, north of the capital Beirut

  • SINGAPORE/JAKARTA (Reuters) - Indonesia's removal of taxes on oil and gas explorers is a good first step, but more is needed to lure investment from companies that have cut budgets and laid off staff after a precipitous plunge in prices, industry analysts said on Friday. The Indonesian government is trying to revive its …

  • A police officer stands guard in front of the RBI head office in Mumbai

    India on Thursday picked three economists from the academic world for a new monetary policy committee to set interest rates, as the Reserve Bank of India gets ready for a landmark switch in the way it decides policy. The three are Chetan Ghate, a professor at the Indian Statistical Institute, Pami Dua, a director at the …

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