PetroChina to drop PDVSA as partner in refinery project
SINGAPORE, Jan 31 (Reuters): PetroChina Co plans to drop Petroleos de Venezuela SA (PDVSA) as a partner in a planned $10 billion oil refinery and petrochemical project in southern China, said three sources familiar with the matter this week.The company's decision adds to state-owned PDVSA's woes after the United States...
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Indonesia to challenge EU directive on renewable energy at WTO
JAKARTA, Jan 31 (Reuters): Indonesia intends to challenge an EU directive on renewable energy at the World Trade Organisation (WTO), arguing the plan to curb the use of crops that cause deforestation will unfairly target palm oil, a senior Indonesian official told Reuters.The world's top producer of the oil is...
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Japan Airlines upgrades annual earnings forecast
TOKYO, Jan 31 (AFP): Japan Airlines (JAL) said Thursday it had upgraded its earnings forecast for the fiscal year to March because of lower fuel costs and tax-related profit gains.The Japanese carrier revised its net profit forecast for the year to 138 billion yen ($1.3 billion), an increase on its...
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Cotton ends higher as dollar drops
BEIJING, Jan 31 (Reuters): ICE cotton futures inched higher on Wednesday, as investors eyed developments from trade talks between the United States (US) and China and as a weaker dollar lent further support to the natural fiber.The most active cotton contract on ICE Futures US - the March contract -...
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Oil price steadies after two days of gains
LONDON, Jan 31 (Reuters): Oil prices steadied after two days of gains on Thursday, as lower-than-expected US fuel stock rises and US sanctions on Venezuelan output boosted investor confidence but US-China trade tensions weighed on sentiment.US West Texas Intermediate (WTI) crude futures were down 9.0 cents at $54.14 per barrel...
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