Iran will try to persuade Saudi Arabia to cut oil production when ministers from the two OPEC members meet this week, Mehr news agency reported.» Read More
WASHINGTON, July 11- The U.S. Congress will ultimately support an extension of an interim agreement of talks on Iran's nuclear program, lawmakers and congressional aides said, despite calls by Republicans and some Democrats to abandon negotiations and return to tough sanctions to deter Tehran from building a nuclear bomb.
United States again set to lead non- OPEC output growth. *Sees 310,000 bpd decline in demand for OPEC crude. The report by the 12- member OPEC points to ample supplies next year, especially if there is further progress in resolving outages in OPEC countries Libya, Iraq and Iran.
VIENNA, July 10- The U.N. atomic agency said on Thursday it believed nuclear material which Iraq said had fallen into the hands of insurgents was "low grade" and did not pose a significant security risk.
*European shares dip, Wall Street expected to follow. LONDON, July 7- The dollar and world shares were losing steam on Monday as the momentum from last week's strong U.S. jobs data faded and attention began to turn to the fast-approaching earnings season.
WELLINGTON- Reserve Bank of New Zealand Deputy Governor Geoff Bascand delivers a speech on "The evolution of New Zealand's currency." AIX-EN-PROVENCE, France- ECB Executive Board member Benoit Coeure speaks at a conference in Aix-en-Provence on European investments- 0815 GMT.
Erste dropped by 14 percent after the bank, which is the third-biggest lender in emerging Europe, warned that fresh hits from Romania and Hungary would drive it to a record 2014 loss.
AIX-EN-PROVENCE, France- Annual "Davos in Provence" meeting. Speakers:- IMF chief Christine Lagarde, ECB Executive board member Benoit Coeure, Bank of France Governor Christian Noyer and France Finance Minister Michel Sapin.
FRANKFURT- ECB Governing Council meeting, followed by interest rate announcement and a news conference- 1145 GMT. STOCKHOLM- Swedish Central Bank announces interest rate decision. HOBART, Australia- RBA Governor Glenn Stevens addresses the Australian Conference of Economists and the Econometric Society Australasian Meeting in Hobart- 0100 GMT.
WASHINGTON- Federal Reserve Chair Janet Yellen gives Michel Camdessus lecture at an event hosted by the International Monetary Fund in Washington- 1400 GMT. STOCKHOLM- Swedish Central Bank holds Monetary Policy meeting. LONDON- RBA Assistant Governor Guy Debelle gives a speech to the Financial Times Camp Alphaville Conference in London- 1105 GMT.
WASHINGTON- The US-China Business Council will host a conversation with U.S. The Wall Street Journal's Sudeep Reddy will moderate the discussion. LONDON- Bank of England Deputy Governor Ben Broadbent speaks at Adam Smith Institute' Power Lunch'.
*OPEC output back below supply target of 30 million bpd. The slight decline underlines how unrest and outages in the Middle East and Africa are taking their toll on OPEC supply, just as the International Energy Agency is highlighting a greater need for OPEC oil in the rest of the year. 1/ 8 D: nL5N0OU1KF 3/ 8.
ZURICH- Bank for International Settlements releases its annual report. IDAHO, United States- 2014 Montana and Utah Bankers Association meeting. PARIS- 6th International Economic Forum on Latin America and the Caribbean on Beyond the Golden Decade?
FRANKFURT, June 27- The European Central Bank will supervise and run health checks on the Austrian arms of Russia's two largest banks, giving officials in Frankfurt unprecedented control over their activities in Europe.
*Iraq's southern oilfields remain safe- U.N. envoy. LONDON, June 26- Brent crude oil fell on Thursday, as fears about conflict causing export disruption from Iraq, OPEC's second-largest producer, subsided further.
LONDON, June 26- Brent crude oil held steady near $114 a barrel on Thursday, with traders watching developments in Iraq for the possibility of export disruption from OPEC's second-largest producer.
SINGAPORE June 26- Brent crude dropped under $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by the militant insurgency in the country, although worries over the conflict kept a floor under prices.
SINGAPORE June 26- Brent crude fell below $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by the militant insurgency in the country, although worries over the conflict kept a floor under prices.
*Iran drafting incentives for foreign investors. DUBAI, June 25- With the prospect of a diplomatic breakthrough next month bringing an end to Iran's international isolation, officials in Tehran are preparing to roll out the red carpet to foreign firms.
*Iranian officials: looking to resolve HSBC payment issue. LONDON/ ANKARA, June 24- Iran is lobbying to get HSBC to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches of international sanctions, sources familiar with the trades told Reuters.
Austria’s finance minister admitted he could not understand the reasoning behind Standard and Poor's' warning about the country’s banks.