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  Reuters Royal Dutch Shell is considering selling out of its oil fields in Iraq as part of its global $30 billion asset disposal programme, industry sources said. Shell is seeking to slim down its vast oil and gas portfolio following the $54 billion acquisition of BG Group in February, which transformed it into the world’s top liquefied natural gas ...

Reuters Saudi Arabia’s ACWA Power is expected to offer a hefty spread on its planned $1 billion bond offer, partly because of market volatility since the US elections and a narrowing issuance window, bankers and investors said. ACWA, in which Saudi sovereign entities hold a combined 16.3 percent stake, is set to be the first international bond from the kingdom ...

  Reuters Morocco’s Cherifien des Phosphates (OCP), one of the world’s biggest phosphate producers, plans to issue 5 billion dirhams ($495 million) of domestic perpetual bonds, the stock exchange regulator said. State run OCP, a major earner of foreign currency for Morocco, has been increasing output to help offset a slide in prices and aims to produce 47 million tonnes ...

  Bloomberg Tunisia’s prime minister said it’s time the government delivered on the long-ignored demands of protesters whose 2010 revolt swept an autocratic ruler from office and sparked the Arab Spring. Unemployment, pay and inequality were the main drivers of the Jasmine Revolution, and six years later unrest is again festering after previous administrations focused on cementing the nation’s transition ...

  Chiba / AFP The sun is setting on Japan’s clean-energy boom, despite projects like a massive floating solar farm near Tokyo, as the government cuts subsidies and bets on nuclear and coal-fired power, critics say. Workers at the floating power station, one of the world’s biggest, have just finished laying about 50,000 interconnected panels on a vast dam reservoir. ...

  Tokyo / AFP Japan’s factory output ticked up in October, expanding for the third month in a row, government data showed on Wednesday. Industrial production grew 0.1 percent on-month, following a 0.6 percent increase in September. “Activity is now well above the lows reached earlier this year, but there is still a long way to go to reach the ...

  Jakarta / AFP Multinational companies are selling consumer products containing palm oil from Indonesian plantations where workers suffer rights abuses, Amnesty International warned on Wednesday, listing problems including child labour and exposure to toxic chemicals. The edible vegetable oil is a key ingredient in many everyday goods, from biscuits to shampoo and make-up, and growing demand has led to ...

  Seoul / AFP South Korea is to ban sales of some cars made by Porsche, BMW and Nissan, and fine the companies over $5 million as a probe into emissions documentation widens. Seoul began investigating environmentalcertification on imported cars after Volkswagen last year admitted to installing emissions cheating software in some 11 million diesel vehicles worldwide. The so-called defeat ...

  Bloomberg North Korea faces a sharp cut in coal exports under a United Nations Security Council resolution that’s aimed at punishing Kim Jong Un’s regime for a September nuclear test by cutting off his government’s few sources of hard currency. The resolution, a copy of which was obtained by Bloomberg News, would deny Pyongyang at least $700 million a ...

  Brussels / AFP The EU unveiled ambitious plans on Wednesday to boost joint defence spending including on shared assets like drones and helicopters, as concerns grow that President-elect Donald Trump may downgrade the US security commitment. Trump shocked longtime NATO allies in Europe when he suggested on the campaign trail be would think twice about coming to their aid ...