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How Hayward's Genel lost its Kurdish oil reserves

LONDON On the last Sunday of February 2016, late in the evening, Genel Energy's Chairman and former BP boss Tony Hayward held an urgent call with the board to break some bad news: the firm's prized oil field was worth much less than they had thought.

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S&P says Japan sales tax hike delay makes 'some sense'

TOKYO Delaying a sales tax increase in Japan scheduled for April next year makes "some sense" because the weak economy means a tax rise is not likely to increase revenue, ratings agency Standard & Poor's said on Tuesday.

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Asia shares firm but set for near two percent monthly loss

SINGAPORE/TOKYO Asian shares recovered from a wobbly start on Tuesday, but remained on track for a monthly loss, while the dollar edged away from recent peaks scaled on expectations the U.S. Federal Reserve will raise interest rates as soon as next month.

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