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  • *Market beginning to expect OPEC cut, analysts say. LONDON, Nov 21- Brent crude oil rose above $80 a barrel on Friday after China cut interest rates and on speculation that OPEC could agree next week to reduce oil production. The rate cut added to a positive mood among oil traders, many of whom expected an agreement by the Organization of the Petroleum Exporting...

  • *Market beginning to expect OPEC cut, analysts say. LONDON, Nov 21- Brent crude oil rose more than $2 to above $81 a barrel on Friday after China cut interest rates and on speculation that OPEC could agree next week to reduce oil production. The rate cut added to a positive mood among oil traders, many of whom expected an agreement by the Organization of the Petroleum...

  • *Libya and Ecuador also call for lower OPEC output. *Market beginning to expect OPEC cut, analysts say. LONDON, Nov 21- Brent crude oil rose to near $81 a barrel on Friday after China cut interest rates and on speculation that OPEC could agree next week to reduce oil production.

  • *Libya and Ecuador also call for lower OPEC output. *Market beginning to expect OPEC cut, analysts say. LONDON, Nov 21- Brent crude oil rose above $80 a barrel on Friday after China cut interest rates and on speculation OPEC could agree next week to reduce oil production.

  • New bird flu cluster identified in Netherlands Friday, 21 Nov 2014 | 6:12 AM ET

    AMSTERDAM— Dutch authorities Friday said they will slaughter poultry at a cluster of three farms after new cases of bird flu were found in the town of Kamperveen, in the third outbreak in the Netherlands this week. A new infection was detected Friday morning at a chicken farm in Kamperveen, roughly a hundred kilometers away from the previous infections, the...

  • *Libya and Ecuador also call for lower OPEC output. LONDON, Nov 21- Brent crude oil rose towards $80 a barrel on Friday on speculation OPEC could agree output cuts at a meeting next week, with strong U.S. economic data also bolstering prices. Libya and Ecuador have also called for OPEC to cut output.

  • Dutch move 122 tons of gold out of US Friday, 21 Nov 2014 | 3:17 AM ET

    AMSTERDAM— The Dutch Central Bank says it has recently shipped 122.5 tons of gold worth around 4 billion euros from safekeeping in New York back to its headquarters in Amsterdam. In a statement Friday morning the bank said that its 612.5- ton national gold reserve is now divided 31 percent in Amsterdam, 31 percent in New York, 20 percent in Ottawa, Canada and 18...

  • AirAsia to launch Southeast Asian air pass Thursday, 20 Nov 2014 | 5:53 AM ET

    KUALA LUMPUR, Malaysia— Budget carrier AirAsia said Thursday it will launch a regional air pass next year to increase revenue and boost tourism in Southeast Asia, taking competition in low-cost air travel to a more intense level. AirAsia, which has dominated cheap travel in the region for years, faces rising competition from the proliferation of discounts...

  • Shell Nigeria denies it lied to Dutch court Tuesday, 18 Nov 2014 | 12:19 PM ET

    ABUJA, Nigeria— Shell Nigeria denies it lied to a Dutch court in The Hague about oil pollution in the Niger Delta. "We dismiss any suggestion that SPDC has knowingly continued to use a pipeline that is not safe to operate," a spokesperson for the Shell Petroleum Development Company of Nigeria Ltd told The Associated Press on Tuesday. "Shell has repeatedly surpassed...

  • Dutch admit prepping for eurozone breakup in 2012 Tuesday, 18 Nov 2014 | 11:53 AM ET

    AMSTERDAM— Dutch Finance Minister Jeroen Dijsselbloem has acknowledged that the Dutch government drew up plans for what to do if the single European currency had collapsed during the summer of 2012.. In an interview with RTL television on Tuesday, Dijsselbloem said there was a plan to return to the Dutch guilder in a worst case scenario. He said: "There were...

  • Google buys up Dutch wind energy for data center Tuesday, 18 Nov 2014 | 9:23 AM ET

    AMSTERDAM— Google says it will buy the entire output of an 18- turbine, 62- megawatt Dutch wind energy project in the Netherlands to supply power to a major data center it is building. Company officials said Tuesday that Google wants both price certainty and to ensure that the 600 million euro data center in Eemshaven, Netherlands— due to be completed in 2017— will...

  • AMSTERDAM/ LONDON/ PARIS, Nov 17- Bird flu was found on a duck farm in England on Monday days after it was discovered in Dutch chickens, forcing authorities to destroy poultry and restrict exports, although it was not a strain known to be deadly to humans. Health officials said the outbreak may have been brought to Europe by wild birds migrating from Asia where...

  • British, Dutch kill poultry to fight bird flu Monday, 17 Nov 2014 | 4:51 AM ET

    LONDON— Chickens were being killed in the Netherlands, and Britain was preparing to kill ducks, after two cases of bird flu were discovered in Europe— but officials insisted Monday that the risk to public health was very low. The U.K. government food agency said there is no risk to the food chain and British Chief Veterinary Officer Nigel Gibbens told BBC the risk of...

  • Bird flu confirmed at Dutch, UK farms Sunday, 16 Nov 2014 | 8:25 AM ET

    THE HAGUE, Netherlands— The Dutch government on Sunday banned the transport of poultry and eggs throughout the country after confirming an outbreak of bird flu at a chicken farm. The Ministry for Economic Affairs said the outbreak is deadly to poultry and can also be transmitted to humans. Also Sunday, British authorities confirmed a case of bird flu at a duck...

  • Dutch government: Starbucks tax deal is legit Friday, 14 Nov 2014 | 7:03 AM ET

    AMSTERDAM— The Dutch government says it did nothing wrong when it struck a tax deal with Starbucks that the European Union Commission alleges is so favorable to the company it amounts to state aid. The report describes how Starbucks funnels European profits to the Netherlands but pays little tax, using a strategy pre-approved by Dutch tax authorities.

  • *Starbucks says confident will be cleared. BRUSSELS/ LONDON, Nov 14- A tax deal the Netherlands cut with Starbucks Corp may be illegal state aid, European Union regulators said on Friday, part of a crackdown on members attracting investment by helping companies to avoid tax. The European Commission said it suspects the Dutch tax ruling allows Starbucks, the...

  • FRANKFURT, Nov 12- Trading of coal via financial instruments in Europe is likely to jump 30 percent to 3,800 tonnes this year, boosted by demand from producers, commodity traders and hedge funds, according to a report by energy research company Prospex. The biggest trading segment is the Amsterdam- Rotterdam- Antwerp port range, where overseas coal arrives.

  • Dutch to test solar panels on bicycle path Tuesday, 11 Nov 2014 | 9:41 AM ET

    KROMMENIE, Netherlands— A project dubbed "SolaRoad" gets underway in the Netherlands this week, testing roadways as a potential canvas to collect solar energy. The test in the town of Krommenie is slated to run three years and will cost 3 million euros, funded equally by the province of North Holland and a consortium of Dutch companies eager to commercialize solar...

  • Big Oil cutbacks deal supply-chain pain Sunday, 9 Nov 2014 | 3:01 AM ET

    *Fugro stock down over 30 pct since scrapping dividend. LONDON/ PARIS, Nov 9- Belt-tightening by big energy majors faced with plunging oil prices is battering the finances and share prices of their suppliers, as investors reassess the sector's ability to keep gushing cash. Fugro, once seen as a blue-chip on Amsterdam's benchmark index, has had more than 30 percent...

  • Hedge funds under threat from pension fund rethink Friday, 7 Nov 2014 | 7:21 AM ET

    LONDON, Nov 7- Pension schemes are starting to rethink their hedge fund investments in the face of high costs and poor returns, putting at risk the heady pace of capital flows into an industry with nearly $3 trillion of assets. Investors pulled more than $15 billion from hedge funds in the September quarter, industry data showed, ending six quarters of net inflows.