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  • *Brent crude seen averaging $61.60 2015- Reuters survey. The Organization of the Petroleum Exporting Countries is likely to decide at its meeting in Vienna next week to keep its joint production target unchanged at 30 million barrels per day but maintain output above that level, analysts said. "That should keep a lid on prices," Carsten Fritsch, senior oil and...

  • *China nickel premiums firm on prospect ShFE lists global brands. *China easing measures seen supporting demand in H2- analyst. LONDON, May 29- Aluminum slid on Friday on continued worries about heavy output from China swamping the global market and was on track for its biggest monthly decline in over 2-1/ 2 years.

  • UPDATE 4-Oil gains 1 percent on U.S. inventory drop Friday, 29 May 2015 | 4:37 AM ET

    LONDON, May 29- Crude oil prices rose around 1 percent on Friday after U.S. inventories fell for a fourth straight week, although prices were set for a weekly drop on a stronger dollar. July Brent was up 60 cents at $63.18 a barrel by 0820 GMT. Data from the U.S. Energy Information Administration on Thursday showed crude oil inventories fell by 2.8 million barrels last...

  • BERLIN— British Prime Minister David Cameron is pressing his case for a renegotiation of the country's relationship with the European Union with German Chancellor Angela Merkel, on the final stop of his two-day tour of four European capitals. He arrived in Berlin Friday from Warsaw after morning meeting with Polish Prime Minister Ewa Kopacz.

  • *India returned to Iran for imports after hiatus. Imports by Iran's four biggest buyers- China, India, Japan and South Korea- totalled 1.17 million bpd last month, down 4.1 percent on year and the highest since hitting 1.21 million bpd in December, government and tanker-tracking data showed. Iran, the United States, Britain, France, Germany, Russia and China reached a...

  • By Henning Gloystein and Florence Tan. July Brent crude climbed 47 cents to $63.05 a barrel by 0506 GMT but was set drop for a second straight week. Data from the U.S. Energy Information Administration showed on Thursday that crude oil inventories fell by 2.8 million barrels last week, down for the fourth week ahead of Monday's Memorial Day holiday, which...

  • SINGAPORE, May 29- Crude futures rose about 1 percent on Friday after American inventories fell for a fourth straight week although prices are set for a weekly drop on a stronger dollar. July Brent crude climbed 51 cents to $63.09 a barrel by 0259 GMT but is set to post losses for a second straight week. Data from the U.S. Energy Information Administration showed on...

  • NEW YORK, May 28- Visa Inc's public warning to FIFA that it may end its sponsorship if world soccer's governing body does not quickly clean up its act will likely prompt other sponsors to take a tough stance as a major corruption scandal involving FIFA unfolds, brand experts said. After U.S. prosecutors indicted nine FIFA officials and five sports media and...

  • DIARY- Top Economic Events to June 11 Thursday, 28 May 2015 | 8:01 PM ET

    SOFIA- European Central Bank board member Yves Mersch speaks at the Bulgarian Authorities 2015 IMF/World Bank Constituency Meetings- 1100 GMT. BARCELONA, Spain- European Central Bank board member Vitor Constancio speaks at the XXXI Reunion Circulo de Economia- 0730 GMT. HARTFORD, United States- Federal Reserve Bank of Boston President Eric Rosengren speaks...

  • SAN FRANCISCO— Apple has bought a company that makes augmented-reality software, which adds information or images to real-world scenes when viewed through a special headset or even a smartphone camera. Apple, Google, Facebook and Microsoft are all working on augmented- or virtual-reality products. Apple on Thursday confirmed the purchase of Munich- based...

  • UPDATE 2-Greek crisis overshadows G7 growth talks Thursday, 28 May 2015 | 5:36 PM ET

    DRESDEN, Germany, May 28- The head of the International Monetary Fund warned that Greece could fall out of the euro zone as it struggled to sort out its debt stand-off, which is adding to concern about the patchiness of global economic recovery. Greece was not officially on the agenda of the Group of Seven meeting on Thursday in a former palace in the eastern Germany...

  • BRUSSELS, May 28- The European Commission said on Thursday it had asked Paris for more information on a new French law on taxis and chauffeured cars following a complaint from mobile phone taxi-booking service Uber. In November Uber filed a complaint with the Commission against the French law, arguing it favoured regular taxis at Uber's expense and that France...

  • BRUSSELS, May 28- The European Commission said on Thursday it had asked Paris for more information on a new French law on taxis and chauffeured cars following a complaint from mobile phone taxi-booking service Uber. In November Uber filed a complaint with the Commission against the new French taxi law, arguing it favored regular taxis at Uber's expense and that...

  • WASHINGTON/ NEW YORK, May 28- Four more Swiss banks have cut deals with the U.S. Department of Justice to avoid possible prosecution for helping Americans evade taxes, the department said on Thursday. The banks are Societe Generale Private Banking, MediBank AG, LBBW AG, and Scobag Privatbank AG. The banks settled under a voluntary program the Justice Department...

  • Mystery of disappearing holes in Swiss cheese solved Thursday, 28 May 2015 | 11:47 AM ET

    BERLIN— The mystery of Swiss cheese and its disappearing holes has been solved: The milk's too clean. A Swiss agricultural institute discovered that tiny pieces of hey dust are responsible for the famous holes in cheeses like Emmentaler or Appenzeller. As milk matures into cheese these "microscopically small hey particles" help create the holes in the...

  • We're pals now, give us money, Balkan PMs tell the EU Thursday, 28 May 2015 | 11:20 AM ET

    *Balkan premiers eager for joint projects. *Serbia and Kosovo PMs shake hands. The prime ministers of Serbia, Montenegro, Macedonia, Bosnia, Kosovo and Albania, all hoping to join the bloc, said their cooperation should be rewarded with projects like new road and rail links.

  • FRANKFURT, May 28- The EU's top watchdog has challenged the European Central Bank over privately disclosing sensitive plans for money printing to a group of hedge funds, giving them a headstart over investors who found out only the following day. In a letter to ECB President Mario Draghi, the European Union's Ombudsman has now asked for a "detailed account of the...

  • PARIS— A French court has handed a famed photographer a three-year prison sentence on charges of swindling millions of euros from France's richest woman, L'Oreal heiress Liliane Bettencourt, by taking advantage of her weak mental state. The court also ordered the photographer, Francois-Marie Banier, to pay €159 million euros in damages and a 350,000- euro...

  • *Greece expected to make June 5 payment despite threats. The government is talking up chances of an aid-for-reform agreement before a roughly 300 million euro payment falls due on June 5 to the International Monetary Fund, which along with the euro zone funds Greece. Even if Greece did miss an IMF payment, the consequences need not be immediately catastrophic,...

  • *G7 officials discussing Greece on sidelines of talks. *U.S. presses Europe, IMF to show flexibility on Greece. *IMF, EU officials say much work to do for Greece deal.