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Shell, partners approve $31bn project to speed gas to Asia

Bloomberg Royal Dutch Shell Plc and its four partners have agreed to invest in a multibillion-dollar liquefied natural gas project in western Canada — the largest new one of its kind in years that would carve out the fastest route to Asia for North American gas. LNG Canada — comprised of Shell, Malaysia’s Petroliam Nasional Bhd, Mitsubishi Corp., PetroChina Co. ...

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Crude extends longest quarterly rally in a decade

Bloomberg Oil extended gains in London after the longest quarterly rally in a decade as a slowdown in American drilling added to concern that supply losses around the world will lead to a tight market. Brent crude rose as much as 0.7 percent, after front-month futures climbed for a fifth straight quarter. As concerns over a global crunch due to ...

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Bahrain credit risk falls to 5-month low

Bloomberg Bahrain’s credit risk declined to the lowest level in five months on optimism the nation’s neighbours will soon come to the island-state’s rescue with an aid package. The cost of insuring Bahrain’s debt against default fell 34 basis points last week on relief that Saudi Arabia, the United Arab Emirates and Kuwait were said to be considering a $10 ...

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Battle over the name Macedonia rages after weak vote turnout

Bloomberg The Republic of Macedonia’s leader threatened to call snap elections next month if he fails to win support to change his country’s name after voters backed him in a referendum clouded by low turnout. The conflicted outcome of plebiscite sets the stage for a bruising battle ahead for Prime Minister Zoran Zaev, who’s pushing to settle a 27-year-old row ...

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Nigeria’s Buhari vows to end insurgency as he seeks second term

Bloomberg Nigerian President Muhammadu Buhari promised to end a deadly insurgency by Boko Haram militants, renewing a pledge he made ahead of his 2015 election as he seeks a second term. “There has been a steady improvement in the security situation in the northeast,” Buhari said Monday in a TV broadcast marking Nigeria’s 58th anniversary of independence from British rule. ...

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Abe loses Okinawa poll over US base

Bloomberg An opponent of the construction of a new US Marine base on the southern Japanese island of Okinawa won election as governor, beating a candidate backed by Japanese Prime Minister Shinzo Abe’s ruling coalition. Denny Tamaki—the son of a US serviceman and a Japanese mother—claimed victory over Atsushi Sakima in the closely watched race. Tamaki opposes a government plan ...

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Protesters target rail, roads on Catalan vote anniversary

Bloomberg Separatist campaigners targeted Catalonia’s transportation networks in protests held to mark the anniversary of an illegal independence referendum held a year ago. Protesters blocked the AP-7 highway at Vandellos, a town 140 kilometers (87 miles) south of the regional capital Barcelona, the Catalan Traffic Service said on its Twitter account Monday. The high speed train service from Figueres to ...

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Brexit: May faces Tory fire as Hammond blasts Boris Johnson

Bloomberg Prime Minister Theresa May faces the battle of her political life to retain control of the governing Conservative Party as top Tory politicians undermined her leadership. After arch rival Boris Johnson went for the jugular, Chancellor Philip Hammond swept in to defend her in an increasingly chaotic political scene. May arrived at her party’s annual conference in Birmingham needing ...

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‘Nissan’ drives another nail in Detroit sedan coffin

Bloomberg When Nissan Motor Co.’s redesigned Altima flagship goes on sale this week, it will pound another nail in the coffin of sedans built by companies based in and around Detroit — the city that invented the whole idea of family cars. Fiat Chrysler Automobiles NV stopped building sedans in the US two years ago. Ford Motor Co. plans to ...

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Singapore home prices rise despite curbs

Bloomberg Singapore private home prices are still inching higher —albeit at the slowest pace in five quarters — even after the government imposed additional property curbs to avoid the risk of a sharp correction that could be destabilising to the city-state’s economy. An index tracking private residential prices increased 0.5 percent in the three months ended September 30 compared to ...

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