Thursday, February 2, 2017

UPDATE 1-In Congo, Tshisekedi's death undermines chances of 2017 transition

KINSHASA, Feb 2 (Reuters) - The death on Wednesday of

Congo's opposition leader Etienne Tshisekedi leaves opponents of

President Joseph Kabila seriously weakened in their bid to force

Kabila to quit power after he defied constitutional term limits

to stay on last year.

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UPDATE 1-EU set to approve ChemChina's $43 bln bid for Syngenta - sources

BRUSSELS, Feb 2 (Reuters) - ChemChina is set to

secure conditional EU antitrust approval for its $43 billion bid

for Swiss pesticides and seeds group Syngenta, the

largest foreign acquisition by a Chinese company, two people

familiar with the matter said on Thursday.

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Congolese police fire tear gas at protesters in Kinshasa

KINSHASA, Feb 2 (Reuters) - Congolese police fired tear gas

on Thursday at more than 100 anti-government protesters gathered

near the home of late opposition leader Etienne Tshisekedi in

the capital Kinshasa, a Reuters witness said.

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Brazil top court picks newest member to head corruption probes

BRASILIA, Feb 2 (Reuters) - The Supreme Court picked its

newest member on Thursday to take over the investigation of

politicians implicated in Brazil's biggest graft scandal, which

is expected to shake the country's establishment and its

government.

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Sri Lankan shares edge up as investors buy battered blue chips

COLOMBO, Feb 2 (Reuters) - Sri Lankan shares closed slightly

higher on Thursday, snapping two straight sessions of falls, as

investors picked up battered blue chips while net foreign buying

also boosted sentiment.

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COLUMN-Another year, another lead squeeze, but is this one different? Andy Home

LONDON, Feb 2 (Reuters) - Last year zinc was the star

performer among the major base metals traded on the London Metal

Exchange (LME).

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Britain's FTSE flat as sterling strength outweighs M&A and strong miners

LONDON, Feb 2 (Reuters) - Britain's blue-chip FTSE 100

index was flat on Thursday, as a strong sterling offset

gains by consumer products group Reckitt Benckiser

related to a potential acquisition, as well as strong energy and

mining sectors.

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UPDATE 1-Russia's Severstal beats forecasts with 32 pct jump in quarterly earnings

MOSCOW, Feb 2 (Reuters) - Severstal, one of

Russia's largest steelmakers, said on Thursday its

fourth-quarter core earnings jumped 32 percent from a year

earlier to $528 million, benefiting from a rebound in steel

prices and an improving domestic economy.

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British construction grows more slowly, costs soar - PMI

LONDON, Feb 2 (Reuters) - Britain's construction industry

grew last month at the weakest rate since August against a

backdrop of rocketing costs linked to the Brexit vote, but

builders were more upbeat about the year ahead, an industry

survey showed on Thursday.

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UPDATE 1-Glencore sticks with 2017 production targets

LONDON, Feb 2 (Reuters) - Glencore stuck with its

target for broadly higher output in 2017 on Thursday after

reporting falls in copper and zinc which led overall production

lower last year.

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Glencore sticks with 2017 production targets

LONDON, Feb 2 (Reuters) - Mining and trading group

Glencore's full-year output was in line with target, it

said on Thursday, and reiterated its 2017 guidance.

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Wednesday, February 1, 2017

UPDATE 1-Philippines to shut mines, suspend others as clampdown deepens

MANILA, Feb 2 (Reuters) - The Philippines will close down

over 20 mines, mostly nickel producers that account for about

half of output in the world's biggest nickel ore supplier, as a

government campaign to fight environmental degradation deepens.

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UPDATE 1-Japan trading house Mitsubishi hikes profit outlook on strong coal prices

* Comes as coking coal prices remain way above lows from

last year

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After 16 attempts, a cheaper method for carbon capture at work in India

MUMBAI, Feb 2 (Thomson Reuters Foundation) - As students at

the prestigious Indian Institute of Technology in Kharagpur in

eastern India, Aniruddha Sharma and Prateek Bumb had one

obsession: finding a cheaper, more efficient way to capture

carbon emissions to combat climate change.

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UPDATE 1-SK Innovation buys Dow Chemical's ethylene acrylic acid unit for $370 mln

* Includes Dow Chemical's EAA business in U.S., Spain

(Adds company comment)

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NEWSMAKER-Congo's Tshisekedi leaves legacy of democratic struggle, unfulfilled promise

KINSHASA, Feb 2 (Reuters) - The dates below the framed

black-and-white photograph of Etienne Tshisekedi in the

reception hall of the prime minister's offices in Democratic

Republic of Congo's capital, Kinshasa, testify to a fraught and

complicated relationship with power.

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UPDATE 4-Congo's main opposition leader, Etienne Tshisekedi, dies at 84

KINSHASA, Feb 1 (Reuters) - Democratic Republic of Congo's

veteran opposition leader, Etienne Tshisekedi, has died in

Brussels aged 84, his party said on Wednesday.

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Ending years of cuts, miners are exploring again - cautiously

SYDNEY, Feb 2 (Reuters) - After years of cutting budgets and

squeezing existing mines, global mining giants are again

scouting for new deposits: industry analysts say 2017 will see

the first increase in spending on exploration in five years.

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CANADA STOCKS-TSX rises with resources stocks, Cameco slumps

TORONTO, Feb 1 (Reuters) - Canada's main stock index ended

slightly higher on Wednesday, boosted by gains for some miners

and energy companies, while a scrapped contract to supply

uranium pushed Cameco Corp down 11.3 percent.

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Congo's main opposition leader, Etienne Tshisekedi, dies -diplomatic sources

KINSHASA, Feb 1 (Reuters) - Congo's main opposition leader,

Etienne Tshisekedi, one of the country's most important

advocates of democracy, has died in Brussels aged 84, diplomatic

sources said on Wednesday.

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UPDATE 2-Voestalpine says acted legally in communicating Texas plant costs

* Costs for Texas plant increased by around one-third

(Adds comment by financial watchdog, details, background)

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Forestry firm UPM says eyeing next biofuel investment

HELSINKI, Feb 1 (Reuters) - Finnish pulp and paper maker

UPM-Kymmene is planning its next step in wood-based

renewable fuel products after a successful ramp-up at its

initial biofuels plant, the head of UPM's biofuels business said

on Wednesday.

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UPDATE 1-Arconic digs in heels against Elliott as proxy fight begins

NEW YORK, Feb 1 (Reuters) - Arconic Inc Chief

Executive Officer Klaus Kleinfeld, under pressure from hedge

fund Elliott Management, on Wednesday defended the metal maker's

performance since spinning off from aluminum producer Alcoa Corp

.

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WRAPUP 1-U.S. factory activity hits two-year high; private payrolls surge

WASHINGTON, Feb 1 (Reuters) - U.S. factory activity

accelerated to more than a two-year high in January amid

sustained increases in new orders and raw material costs,

pointing to a recovery in manufacturing as domestic demand

strengthens and the drag from low oil prices ebbs.

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Ukraine's steel output rises 8.5 pct in Jan

KIEV, Feb 1 (Reuters) - Ukraine's steel production rose 8.5

percent year-on-year in January to 2.1 million tonnes, local

specialised news agency Uaprom said on Wednesday.

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CANADA STOCKS-TSX rises early as oil boosts energy stocks; Cameco slumps

TORONTO, Feb 1 (Reuters) - Canada's main stock index gained

early on Wednesday as energy stocks jumped with higher oil

prices, while uranium producer Cameco Corp sank after

saying its contract to supply the operator of Japan's wrecked

Fukushima nuclear plant had been scrapped.

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FEATURE-Green startups sprout on shores of polluted Russian lake

IRKUTSK, Russia, Feb 1 (Thomson Reuters Foundation) - Denis

Klimentyev, an eco-entrepreneur in eastern Russia's Irkutsk

region, produces camelina oil, used in cooking, and sells it to

supermarkets as part of a co-operative also supplying herbal

teas and jams made from wild forest fruits.

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Tepco scraps uranium supply contract with Canada's Cameco

Feb 1 (Reuters) - Canadian uranium producer Cameco Corp

said on Wednesday that Tokyo Electric Power (Tepco)

, the operator of Japan's wrecked Fukushima nuclear

plant, had scrapped its uranium supply contract with the

company.

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Royal Mint bullion coin sales surge on wave of political turmoil

LLANTRISANT, Wales, Feb 1 (Reuters) - In a warehouse a dozen

miles to the northwest of Cardiff, the Royal Mint is running its

machines through the night to keep up with demand for one of the

big beneficiaries of the last year's political turmoil - gold

and silver bullion.

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RPT-COLUMN-China iron ore imports off to strong start; support rally: Russell

LAUNCESTON, Australia, Feb 1 (Reuters) - There is

fundamental justification for the strong start to 2017 for iron

ore prices, with imports by top buyer China remaining robust and

showing no signs of easing.

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Japan's Kansai Electric cancels plans to switch oil-fired power station to coal

Feb 1 (Reuters) - Japan's Kansai Electric Power has

cancelled plans to switch a 1,200 megawatt oil-fired power

station to coal as demand for electricity fell amid a push to

cut the country's emissions after it signed up to a global

climate change accord.

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UPDATE 1-Investor Standard Life seeks change at Sports Direct, Volkswagen

LONDON, Feb 1 (Reuters) - Standard Life Investments, the

fund arm of insurer Standard Life, has concerns about

governance at Sports Direct and Volkswagen

and will press for more change at the companies, it said in its

annual governance report on Wednesday.

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RPT-UK corporate pensions headache could worsen in 2017

LONDON, Jan 31 (Reuters) - More UK companies are expected to

adjust capital or cut dividends to fill growing holes in final

salary pension schemes this year.

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Flowering compost urinals adorn smelly corner of Paris

PARIS, Feb 1 (Reuters) - Two compost urinals topped with

miniature gardens have been installed at a notoriously smelly

site in Paris - behind the Gare de Lyon station in the east of

the French capital.

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