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  • LONDON, Dec 15- The oil price drop will hand tanker markets an unexpected bonus next year, boosting demand for oil storage at sea while distant eastern markets also bargain-hunt fuel and need shipping. Supertanker rates are already close to five-year highs of over $83,000 a day- helped by a drop in shipping fuel bunker prices. Herbjorn Hansson, chairman and chief...

  • UPDATE 11-Oil tumbles towards $62 on supply glut Friday, 12 Dec 2014 | 10:09 AM ET

    LONDON, Dec 12- Oil fell to fresh lows not seen since July 2009 on Friday with Brent crude slipping towards $62 a barrel on concerns over a global supply glut and weak demand. The International Energy Agency said oil prices would likely come under further pressure, cutting its outlook for demand growth in 2015 and predicting that non- OPEC output gains would...

  • *China monthly crude output, refinery data eyed. LONDON, Dec 12- Oil's rout extended on Friday, with Brent crude slipping towards $62 a barrel, its lowest since July 2009, on persistent concerns over a global supply glut and weak demand outlook. Oil prices will likely come under further downward pressure, the International Energy Agency said as it cut its outlook for...

  • *China monthly crude output, refinery data eyed. LONDON, Dec 12- Brent crude oil slipped on Friday to below $63 a barrel, its lowest since July 2009, on persistent concerns over a global supply glut and weak demand outlook. Oil prices will likely come under further downward pressure, the International Energy Agency said as it cut its outlook for demand growth in 2015...

  • *China monthly crude output, refinery data eyed. LONDON, Dec 12- Brent crude oil slipped on Friday to below $63 a barrel, its lowest since July 2009, on persistent concerns over a global supply glut and a sluggish demand outlook. Oil prices will likely come under further downward pressure, the International Energy Agency said as it cut its outlook for demand growth in...

  • DIARY- Top Economic Events to Dec 25 Thursday, 11 Dec 2014 | 7:01 PM ET

    FRANKFURT- Deutsche Bundesbank Vice President Claudia Buch to speak on "May change happen"- 1200 GMT. OSLO- Norges Bank Governor Oystein Olsen and Norges Bank Investment Management Director Yngve Slyngstad hold lectures for the regional network. STOCKHOLM- Sweden's central bank holds monetary policy meeting.

  • *Low oil price, weak growth in Europe hurts outlook. OSLO, Dec 11- Norway's central bank unexpectedly cut interest rates on Thursday and said it could ease policy further because lower oil prices are hurting the economy's growth prospects. The bank lowered its benchmark rate by 25 basis points to 1.25 percent, its lowest since 2009, saying Norway's growth outlook...

  • DIARY- Top Economic Events to Dec 24 Wednesday, 10 Dec 2014 | 7:01 PM ET

    LONDON- Bank of England Governor Mark Carney and Deputy Governor Ben Broadbent will hold a press conference along with Former Federal Reserve Board Governor Kevin Warsh- 1000 GMT. NEW YORK- Bank of Canada Governor Stephen Poloz speaks before the Economic Club of New York- 1245 GMT. HELSINKI- Bank of Finland Governor and ECB council member Erkki Liikanen to hold a...

  • DIARY- Top Economic Events to Dec 19 Friday, 5 Dec 2014 | 7:01 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on economic outlook and monetary policy before the Council for Quality Growth- 1730 GMT. LONDON- Bank of England holds quarterly financial policy committee meeting. BRUSSELS- Meeting of euro zone finance ministers to discuss 2015 draft budgets.

  • DIARY - Top Economic Events to Dec 17 Thursday, 4 Dec 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Bank of Cleveland President Loretta Mester gives a morning keynote before the 2014 Financial Stability Conference hosted by the Federal Reserve Bank of Cleveland and the Office of Financial Research- 1345 GMT. WASHINGTON- U.S. Treasury Office of Financial Research Director Richard Berner gives a luncheon speech before the 2014...

  • More than $150 bln of oil projects face the axe in 2015 Thursday, 4 Dec 2014 | 12:12 PM ET

    *A fifth of projects at risk with oil at $80/ barrel- Rystad. *Some North Sea, Arctic and Gulf of Mexico fields on hold. Now the outlook for onshore and offshore developments- from the Barents Sea to the Gulf or Mexico- looks as uncertain as the price of oil, which has plunged by 40 percent in the last five months to around $70 a barrel.

  • *Telenor, TeliaSonera rally after deal to merge units. *Metro, Adidas sink on worries over exposure to rouble. PARIS/ LONDON, Dec 3- European stocks rose on Wednesday, led by Nordic exchanges after Norway's Telenor and Sweden's TeliaSonera agreed to merge their Danish operations.

  • DIARY -Top economic events to Dec 15 Tuesday, 2 Dec 2014 | 7:01 PM ET

    CHARLOTTE, United States- Federal Reserve Bank of Philadelphia President Charles Plosser speaks on the economic outlook before the Charlotte Economics Club- 1730 GMT. WASHINGTON- Federal Reserve issues the Beige Book of economic condition- 1900 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard and former Federal Reserve vice chair Donald Kohn...

  • DIARY - Top economic Events to Dec 16 Monday, 1 Dec 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Vice Chairman Stanley Fischer speaks at the Wall Street Journal's CEO Council annual meeting- 1315 GMT. LOS ANGELES- Federal Reserve Board Governor Lael Brainard gives welcome and opening remarks before the Economic Growth and Regulatory Paperwork Reduction Act Outreach Meeting in Los Angeles. BRONX, United States- Federal...

  • *Warm stack enquiries have increased- Kim Heng. SINGAPORE, Dec 2- Offshore drillers globally are increasingly considering "warm stacking" their rigs to take them temporarily off the market, as they gear up for a slowdown in the hunt for oil with crude prices sliding to five-year lows. "Six months ago, no one talked about stacking rigs," said Thomas Tan, chief executive...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT /10.30 AM ET Monday, 1 Dec 2014 | 10:43 AM ET

    Asia, Europe, U.S. factory activity slows despite price cuts. LONDON/ SYDNEY/ NEW YORK- Manufacturing growth across Asia, Europe and the U.S. slowed in November as heavy price cutting failed to revive demand, surveys shows, more evidence that a feeble global recovery may be grinding to a halt. LONDON- Oil prices hit five-year lows as slowing factory activity in China...

  • *Statoil spent heavily on exploration that hasn't worked. OSLO, Nov 30- After the failure of its risky exploration strategy this year, Norwegian oil firm Statoil is cutting costs as fast and deep as it can to preserve cash for dividends- and may be jeopardizing future production in doing so, industry insiders say. Statoil took a big gamble by committing major...

  • NEW YORK/ SEATTLE, Nov 19- The chief executive of Norwegian Air Shuttle rejected arguments by U.S. airlines and unions that his efforts to build a low-cost, long-haul airline serving the United States would undermine U.S. wages and working standards. A round-trip flight from New York to London in December costs as little as $483 on Norwegian, compared with $835 on...

  • DIARY - Top economic Events to Dec 2 Tuesday, 18 Nov 2014 | 7:01 PM ET

    NEW YORK- Federal Reserve Bank of New York First Vice President Christine Cumming speaks before the ClearingHouse Annual Conference Payment System Risk Symposium- 1830 GMT. LONDON- Bank of England will release the minutes from its November policy meeting- 0930 GMT. LONDON- Bank of England Deputy Governor Minouche Shafik will be present at the parliament's...

  • ZURICH/ COPENHAGEN, Nov 17- The world's largest maker of hearing aids Sonova posted disappointing first-half profits and a share buyback half the size of what was expected, worrying investors about its strategy of boosting market share by making deep discounts. It also alienated independent shops that were Sonova's traditional outlets and angered its...