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“Friday will be a tense day in Washington, and for financial markets, as a last-minute compromise is sought.”. Adding to the air of crisis was news that U.S. Defense Secretary Jim Mattis had resigned after Trump announced a withdrawal of all U.S. forces from Syria and sources said a military pullback from Afghanistan was also planned. Oil prices, which slid just over 4 percent on Thursday, tumbled to their lowest since the third quarter of 2017. U.S. crude fell 1 percent to $45.44 a barrel, while Brent fell 2.3 percent to $53.10. [O/R].

Japan’s Nikkei lost 1.1 percent to close at its lowest since mid-September last year, after giving up 5.6 percent this week, Australian stocks slipped 0.7 percent, hovering just above a two-year trough hit earlier in the session, The mood change new york knicks nyk logo cufflinks has triggered a rush out of crowded trades, including massive long positions in U.S, equities and the dollar and short positions in Treasuries, Lipper data on Thursday showed investors pulled nearly $34.6 billion out of stock funds in the latest week and were heading for the biggest month of net withdrawals on record..

MOSCOW/DUBAI (Reuters) - Japan’s Mitsui & Co Ltd (8031.T), Russian sovereign wealth fund RDIF and Saudi Aramco are in talks to buy stakes in Novatek’s (NVTK.MM) Arctic LNG 2 project, with the size of the investments still to be decided, sources familiar with the talks told Reuters. Novatek plans to start producing LNG at Arctic LNG 2 in 2022-2023. The plant, which is expected to cost around $25.5 billion, will have an annual production capacity of 19.8 million tonnes and will be Novatek’s second LNG plant after Yamal LNG.

Novatek owns a 90 percent stake in the project, with France’s Total (TOTF.PA) new york knicks nyk logo cufflinks holding the other 10 percent, Novatek intends to keep a 60 percent stake in Arctic LNG 2, offering 30 percent to other investors, However, under certain conditions Novatek may cut its stake further, although not to below 50 percent in order to keep control over the project, Two sources familiar with the talks said that Mitsui, Saudi Aramco and the Russian Direct Investment Fund are in talks with Novatek over taking stakes in the project, which should bring the Russian gas company closer to its goal of producing as much LNG as Qatar, one of the world’s top LNG suppliers..

“Mitsui, Saudi Aramco and RDIF are interested to buy a stake in Arctic LNG 2 but there is also an interest from South Asia,” one of the sources said. Japan is the world’s top LNG consumer, with Russia among its key LNG suppliers. There are currently two LNG plants operating in Russia: Novatek’s Yamal LNG and Gazprom’s Sakhalin 2 and Moscow has ambitions for more. A third source confirmed Mitsui’s interest in the project. Three other sources familiar with the talks confirmed the interest from Saudi Aramco and RDIF.

“Saudi Aramco is currently holding technical due-diligence, When the commercial talks approach, RDIF will join(in),” one of the three sources familiar with the talks said, While RDIF will invest in the project, its contribution is likely to be less than Aramco’s, the second of the three sources familiar with the talks told Reuters, Talks between Mitsui and Novatek are separate from talks with Saudi Aramco and RDIF, sources said, Each would have a stake in Arctic LNG 2 if their talks new york knicks nyk logo cufflinks succeed, according to the sources..

Saudi Aramco declined to comment and Novatek could not immediately respond to a Reuters request for a comment on Friday. RDIF declined to comment. “We have a general interest in the project and we are exchanging our opinions with parties involved,” a Mitsui spokesman said when asked whether the company planned to invest in the project. This week, Novatek awarded a 2.2 billion euro ($2.51 billion) contract to Italian energy contractor Saipem (SPMI.MI) and Turkish oil and gas services firm Renaissance for the construction of gravity-based structure platforms that will stand on the seabed to support the LNG processing units.

LONDON/WASHINGTON (Reuters) - The European Union’s data watchdog will decide in coming weeks if financial regulators around the world can routinely swap information to keep markets clean without getting tangled up in the EU’s new data protection regime, The EU introduced its General Data Protection Regulation in May to strengthen personal data privacy rights, giving consumers greater control over their personal information, But U.S, finance regulators have warned that the EU’s data rules new york knicks nyk logo cufflinks have started to adversely affect the exchange of cross-border information..



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