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Denmark’s Dong Energy sees share price jump in market debut

COPENHAGEN, Denmark (AP) — Denmark’s Dong Energy, which focuses on wind power generation, has seen its shares jump on the first day of trading, bringing its market value to 98 billion kroner ($15 billion) — the most of any listed company in the country. Shares in the utility opened at 235 kroner ($36) on the Nasdaq Copenhagen stock market and ...

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Mexico gets first non-Pemex gas station in almost 8 decades

MEXICO CITY (AP) — Mexico’s ubiquitous Pemex gas stations now have competition along the country’s highways and city streets for the first time in nearly eight decades. Two companies have collectively opened three gas stations under their own brands, breaking one of the state-owned petroleum company’s last monopolies. Opening the retail sector to competition was part of energy reforms passed ...

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Kenya power company say monkey caused nationwide blackout

blackout, monkey, Kenya

NAIROBI, Kenya (AP) — Kenya’s power generation company says a monkey caused a three-hour nationwide blackout. The Kenya Electricity Generation Company said in a statement late Tuesday that a monkey climbed onto the roof of the Gitaru Power Station in central Kenya and fell onto a transformer, tripping it. The company said this caused other machines in the station to ...

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Iran says US congressmen can’t visit amid nuclear deal row

Tehran, Iran, nuclear deal

TEHRAN, Iran (AP) — Iran said Tuesday it would not grant visas to three U.S. congressmen opposed to the nuclear deal, calling their request to monitor the accord a “publicity stunt.” The three Republican lawmakers — Reps. Frank LoBiondo of New Jersey, Mike Pompeo of Kansas and Lee Zeldin of New York — all voted against the deal and are ...

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Global stocks surge as Yellen appears to put off rate hike

LONDON (AP) — Global stocks rallied Tuesday after U.S. Federal Reserve Chair Janet Yellen hinted that an interest rate increase next week is unlikely in light of a weak U.S. jobs report and uncertainties surrounding the U.S. and world economies. KEEPING SCORE: In Europe, Germany’s DAX soared 1.9 percent to 10,308 while the CAC-40 was up 1.3 percent at 4,482. ...

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French labor standoff: rail company offers deal to unions

France, airport

PARIS (AP) — With trains canceled across France on the seventh day of a nationwide strike, the SNCF national rail service has offered unions a deal to try to persuade train drivers to go back to work. The main Paris airport and most of the country’s oil refineries were also hit by blockades or strikes Tuesday, part of an extensive ...

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Saudis to create more jobs, cut subsidies in reform plan

Saudi Arabia

DUBAI, United Arab Emirates (AP) — Saudi Arabia on Tuesday unveiled the details of the first phase of an economic overhaul aimed at reducing reliance on oil exports and preparing for the millions of young people who will be seeking jobs and affordable housing in the coming years. The National Transformation Plan (NTP) was approved by the Saudi Cabinet late ...

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Indian PM visits Qatar to talk gas supply, workers’ rights

DUBAI, United Arab Emirates (AP) — India’s Prime Minister Narendra Modi is paying his first official visit to gas-rich Qatar, where he met the Gulf country’s leaders on Sunday to discuss economic ties. Qatar is one of the world’s largest suppliers of liquefied natural gas. Qatari media says it supplies India with more than 85 percent of its gas needs. ...

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Venezuelan oil company PDVSA gives Paraguay deadline to repay debt

ASUNCION, Paraguay (AP) — Venezuela’s state oil company PDVSA has given Paraguay a 10-day deadline to pay a $287 million debt for crudes sales dating back to 2009. Felipe Oddone, communications director for Paraguayan President Horacio Cartes, says his country would, for now, only be able to pay 50 percent of the debt. Oddone said Saturday that the president of ...

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Italian oil company Eni’s CEO meets with Libyan premier

MILAN (AP) — The CEO of Italian oil giant Eni has traveled to Tripoli for the first time since July 2014 to meet with the new head of Libya’s U.N.-backed government. Eni said in a statement that the meeting Saturday between CEO Claudio Descalzi and Libya’s new prime minister, Fayez Serraj, underlines Eni’s commitment to continuing operations in Libya and ...

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