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  • FRANKFURT, Germany— Europe's top economic authorities warned Thursday of dangers to the region's economy amid slower growth in China, weaker global trade and heightened geopolitical uncertainties. Mario Draghi, the head of the European Central Bank, said it was imperative to act swiftly to help the economy and lift inflation, while the European Union...

  • Oil has fallen from $107 to around $30 in the past 19 months. Furious production by the U.S. and OPEC led to an oversupply. In a recent research note, Goldman Sachs predicted "the path to a rebalanced market will be protracted and arduous."

  • *Israel joined OECD club of affluent market economies in 2010. Israel lobbied hard to join the Organisation for Economic Cooperation and Development, gaining acceptance in 2010 and hoping investors would see it as a natural member of the club of affluent market nations rather than a higher-risk emerging economy. But in its most in-depth look at Israel to date,...

  • Unemployment has steadily improved since peaking at 15.1 percent in 2012, months before Ireland exited dependence on European and International Monetary Fund loans. Ireland faced bankruptcy in 2010 as the cost of rescuing six domestic banks crippled the country's ability to finance itself. The bailout gave Ireland time to restructure banks, repair its...

  • U.S CRUDE FUTURES FALL 5 PERCENT ON WEAK CHINA ECONOMIC DATA AND FADING PROSPECTS OF OPEC PRODUCTION CUTS- TRADERS.

  • Representatives from Greece's European creditors and the International Monetary Fund began talks in Athens with Greek officials. In return for money from the country's third bailout, which was agreed last summer and is worth around 80 billion euros, Greece's left-led government has to meet a series of conditions, from reducing spending to enacting...

  • *China posts weakest manufacturing data since 2012. *OPEC output hits multi-year high of 32.6 mln bpd. SINGAPORE, Feb 1- Oil prices dropped early on Monday after China and South Korea posted surprisingly weak economic data and on worries the prospect of a coordinated production cut by leading crude exporters seemed remote.

  • *OPEC output hits multi-year high of 32.60 million bpd. SINGAPORE, Feb 1- Oil prices fell in early trading on Monday after South Korea posted its weakest export data since 2009 and the prospect of a coordinated production cut by leading crude exporters seemed remote. Also, OPEC- member Iran, which this month was allowed to fully return to markets after years of...

  • WASHINGTON, Jan 29- The International Monetary Fund said on Friday it is leaving the door open to large bailout loans for countries with questionable ability to repay debt, but has revised its rules for such rescues. Last week, the IMF ended the 2010 lending exemption that allowed major bailout loans to Greece, Ireland and Portugal and helped to ease a European...

  • ASTANA, Jan 29- Kazakhstan has no plans to seek International Monetary Fund financing despite a drop in government revenues caused by the oil price crash, National Economy Minister Yerbolat Dosayev said on Friday. "No, we are not and we do not plan any," Dosayev told reporters, when asked if the Central Asian oil exporter could follow the example of Azerbaijan, which...

  • LONDON— The European Union could investigate the 130 million-pound deal for back taxes struck between Britain and Google, after furious opposition lawmakers suggested the Internet company should have paid more. The Scottish National Party asked for such an investigation on Wednesday, with deputy party leader Stewart Hosie arguing that the public was...

  • Oil producer Azerbaijan in talks for international aid Thursday, 28 Jan 2016 | 6:29 AM ET

    BAKU, Azerbaijan— Representatives from the International Monetary Fund and World Bank arrived in Azerbaijan on Thursday to discuss financial support for the oil producing country's ailing economy. "The World Bank and the IMF are in active dialogue with the government of Azerbaijan, discussing both immediate and longer-term measures in response to the...

  • EU unveils new proposals to combat sweet tax deals Thursday, 28 Jan 2016 | 5:59 AM ET

    BRUSSELS— The European Union has unveiled new proposals to combat tax evasion by big companies by trying to end sweet deals between member countries and multinationals. He noted that 50- 70 billion euros are lost annually due to tax evasion. The Commission opened tax probes in 2014 into Apple in Ireland, Starbucks in the Netherlands and Amazon in Luxemburg, and is...

  • DIARY-Top Economic Events to Feb 10 Wednesday, 27 Jan 2016 | 7:01 PM ET

    THURSDAY, JANUARY 28 HELSINKI- OECD to publish its economic survey of recession-hit Finland in a press conference with Finnish finance minister Alexander Stubb- 0830 GMT. BRATISLAVA- National Bank of Slovakia Governor Jozef Makuch participates in economic conference "Economic development of the Slovak economy expected in 2016", with presentation: The...

  • IMF makes another $137m available for bailed-out Cyprus Wednesday, 27 Jan 2016 | 2:26 AM ET

    NICOSIA, Cyprus— The International Monetary Fund says it has made another 126.3 million euros available to Cyprus after completing what it said was its second-to-last review of the Eurozone country's rescue deal. The IMF said Wednesday the amount brings to 1 billion euros its share of disbursements to the 10 billion euro bailout that forced a grab of...

  • World Bank slashes 2016 oil price forecast Tuesday, 26 Jan 2016 | 10:00 AM ET

    WASHINGTON, Jan 26- The World Bank has slashed its forecast for crude oil prices by $14 to $37 per barrel for 2016, it said on Tuesday, amid growing supply and weak demand prospects from emerging markets. In its annual Commodity Markets Outlook, the World Bank lowered its price forecast for 37 of 46 commodities, including oil, saying that weak demand from emerging...

  • COPENHAGEN, Jan 26- Global container ship capacity is expected to increase by 4.6 percent in 2016, the slowest growth rate in more than 25 years, giving some relief to an industry hammered by oversupply, consultancy firm Alphaliner forecast on Tuesday. With the International Monetary Fund expecting world economic growth of 3.4 percent in 2016, that would...

  • CARACAS, Jan 22- Venezuela's opposition said on Friday it would not approve President Nicolas Maduro's "economic emergency" decree in congress as it offered no solutions for the OPEC nation's increasingly disastrous recession. Underlining the grave situation in Venezuela, where a plunge in oil prices has compounded dysfunctional policies, the...

  • PARIS, Jan 22- International Monetary Fund managing director Christine Lagarde launched her campaign for a second term on Friday with ringing endorsements from a host of major economies- and a court case against her looming in her native France. The prime ministers of Britain and France backed her publicly on Thursday. I was honoured to receive from the start of...

  • Davos elites fear weakened European Union Thursday, 21 Jan 2016 | 12:39 PM ET

    DAVOS, Switzerland, Jan 21- Fear of a severe weakening of the European Union is the hot topic in the corridors and executive suites of Davos this year with business leaders and politicians at the World Economic Forum alarmed at closing borders and the risk of a British exit. Now it is the European Union itself that is seen at risk, buffeted by a sea of crises over...