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  • *Oil glut remains as OPEC keeps pumping crude. LONDON, Dec 8- Crude prices steadied not far from seven-year lows on Tuesday as China reported strong commodity imports despite economic weakness, though global oversupply compounded by OPEC's decision to keep output high led analysts to predict further weakness. "But OPEC has lost control of the oil market and...

  • DUBLIN, Dec 8- A British withdrawal from the European Union would hurt Irish exports, economic growth and jobs, while the country's financial sector could be significantly impacted, the Central Bank of Ireland said on Tuesday. Dublin sees the prospect of Britain voting to leave the EU at a promised referendum as a major strategic risk and last month a...

  • *But oil glut remains as OPEC keeps pumping crude. SINGAPORE, Dec 8- Crude prices edged away from nearly 7- year lows on Tuesday as China reported strong commodity imports despite economic weakness, but overall the market remained under pressure due to global oversupply compounded by OPEC's decision to keep output high. "The decision by OPEC members to keep oil...

  • ATHENS, Dec 7- Greek Prime Minister Alexis Tsipras said on Monday the International Monetary Fund was not playing a constructive role in Greece's bailout and should make up its mind whether it wants to stay in the programme. He accused the Washington- based global lender of making unrealistic demands both on Greece for tough reforms and on its euro zone partners...

  • LONDON, Dec 7- A sell-off in euro zone bond yields kicked into reverse on Monday as oil prices tumbled close to 2015 lows and ECB president Mario Draghi said he stood ready to deploy further stimulus to achieve the central bank's inflation target. But an OPEC decision to keep oil output high which sent the price of crude near 2015 lows, combined with a pledge from...

  • *OPEC to continue pumping oil at current rates. The energy index dipped on news that OPEC countries failed to agree on oil production limits, allowing members to continue pumping oil at current rates into a market that is oversupplied. JPMorgan Chase rose 2.3 percent to $67.33 after European antitrust regulators dropped charges against the bank on blocking...

  • *Oil drops after OPEC maintains output despite oversupply. NEW YORK, Dec 4- Stocks on Wall Street jumped on Friday after strong jobs data made it almost certain the Federal Reserve would raise interest rates in two weeks, while a surprise move by major oil exporters to keep pumping near-record output pushed crude prices down. We cleared the last hurdle for a rate...

  • *Average hourly earnings increase 4 cents. *OPEC to continue pumping oil at current rates. The energy index was lower on news that OPEC countries failed to agree on oil production, allowing members to continue pumping oil at current rates into a market that is oversupplied.

  • *OPEC sets output ceiling at 31.5 mln bpd- sources. Only the energy index was weaker after sources said OPEC would maintain its production outlook in an oversupplied market. Oil prices slumped following the OPEC news.

  • MANILA, Dec 3- The Asian Development Bank has raised its 2015 economic growth forecast for China slightly, supporting expectations the world's second largest economy will avert a hard landing this year. The Manila- based lender maintained its growth projections for developing Asia at 5.8 percent in 2015 and 6.0 percent in 2016, a testament to the region's...

  • SINGAPORE, Dec 2- Oil prices fell on Wednesday as an unexpected rise in inventories pulled down U.S. crude contracts, while Brent was weighed down by China's bleak economic outlook and a widespread expectation that OPEC will maintain high production. "The market is a little bit skittish ahead of the OPEC meeting, it is going to be very range-bound between now and...

  • WASHINGTON, Dec 1- International Monetary Fund policymakers stressed the need for further economic reforms in China and saw some operational challenges in adding China's yuan currency to the fund's benchmark currency basket, the IMF said on Tuesday. The IMF's executive board on Monday admitted the yuan, also known as the renminbi, to the Special Drawing...

  • WASHINGTON, Dec 1- International Monetary Fund policymakers stressed the need for further economic reforms in China and saw some operational challenges in adding China's yuan to the Fund's benchmark currency basket, the IMF said on Tuesday. The IMF's executive board on Monday admitted the yuan, also known as the renminbi, to the Special Drawing Rights basket...

  • LONDON, Dec 1- The euro bounced back from a 7-1/ 2- month low on Tuesday, as doubts crept in over whether the European Central Bank will deliver enough to push the euro down further at a meeting on Thursday, and after European economic data beat forecasts. But data showing unemployment in Germany hitting a record low, and euro zone manufacturing growth at a 19- month...

  • SHANGHAI, Dec 1- China's yuan barely moved against the dollar on Tuesday, after the International Monetary Fund admitted the Chinese currency into its global currency basket. While the decision was a victory for Beijing's campaign for more clout on the global economic stage, China's slowdown was more likely to affect currency movements in the short term.

  • BEIJING, Dec 1- China will intervene in the yuan currency market when there are abnormal international payment or capital moves, Deputy Governor of the People's Bank of China Yi Gang said on Tuesday. Yi added that wider two-way fluctuations of the yuan would be normal, and they would be decided by market demand. The International Monetary Fund on Monday admitted...

  • WASHINGTON, Nov 30- The International Monetary Fund on Monday, as expected, admitted China's yuan into its benchmark currency basket in a victory for Beijing's campaign for recognition as a global economic power. The IMF executive board's decision to add the yuan, also known as the renminbi, to the Special Drawing Rights basket alongside the dollar, euro, pound...

  • WASHINGTON, Nov 30- The International Monetary Fund on Monday admitted China's yuan into its benchmark currency basket in a victory for Beijing's campaign for recognition as a global economic power. The IMF's executive board agreed to add the yuan, also known as the renminbi, to its Special Drawing Rights basket alongside the dollar, euro, pound sterling and yen,...

  • WASHINGTON, Nov 30- The International Monetary Fund on Monday admitted China's yuan into its benchmark currency basket in a win for Beijing's campaign for recognition as a global economic power. The IMF's executive board agreed to add the yuan, also known as the renminbi, to its Special Drawing Rights basket alongside the dollar, euro, pound sterling and yen, in a...

  • SHANGHAI, Nov 27- China's onshore yuan opened at its lowest level in almost three months on Friday, as investors braced for the International Monetary Fund's board meeting on Monday that is set to decide on the yuan's inclusion in its reserve basket. The People's Bank of China set the midpoint rate at 6.3915 per dollar prior to market open, weaker than the previous...