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Libya’s NOC says wins arbitration on Ras Lanuf refinery

TUNIS / Reuters Libya’s National Oil Corp (NOC) said it had won two international arbitration cases over the 220,000 bpd-capacity Ras Lanuf refinery, and called for the refinery to restart as soon as possible. The NOC said in a statement that the arbitration cases, which date to 2013, had been settled in its favour at the International Chamber of Commerce ...

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China’s central bank changes way it manages Yuan after gains

Bloomberg China’s central bank has made a change to the regime used to manage the yuan, effectively removing a component used by banks to calculate their submissions to the currency’s daily reference rate, according to people familiar with the matter. The People’s Bank of China recently told some lenders that contribute to the rate — known as the fixing — ...

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Spanish investment bank plans London HQ despite Brexit

Bloomberg Spain’s Alantra Partners SA is considering moving its headquarters from Madrid to London in a bet the UK capital will remain the center of European business and finance even after Brexit, according to two people with knowledge of the matter. The investment bank and money manager, which oversees 3.7 billion euros ($4.4 billion) of assets and employs about 350 ...

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