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  • Argentina charges HSBC with aiding tax evasion Thursday, 27 Nov 2014 | 4:06 PM ET

    BUENOS AIRES, Argentina— Argentina's tax agency charged HSBC bank Thursday with helping more than 4,000 Argentines evade taxes by placing their money in secret Swiss accounts. AFIP said it got its information from France, where HSBC was placed under formal investigation last week for possibly aiding tax evasion. AFIP has charged the local branch of HSBC and...

  • MOSCOW, Nov 27- Russia's most powerful oil official Igor Sechin said in an interview with an Austrian newspaper that oil prices could fall below $60 by mid-way through next year. Sechin, chief executive of Rosneft, Russia's largest oil producer, also said U.S. oil production would fall after 2025 and that an oil market council should be created to monitor prices,...

  • *OPEC leaves oil output unchanged. Nov 27- Brent crude oil plunged as much as $6.50 a barrel on Thursday, and U.S. crude fell by nearly as much, posting the steepest one-day falls since 2011, after OPEC decided against cutting output despite a huge oversupply in world markets. Crude prices have been falling all week as traders and analysts scaled back expectations...

  • MOSCOW, Nov 27- Russia's most powerful oil official Igor Sechin said that oil prices could fall below $60 by mid-way through next year, speaking the same day OPEC met in Vienna and left its output targets unchanged. On Thursday, OPEC decided against production cuts to halt a slide in global oil prices, sending benchmark Brent crude plunging to a fresh four-year low...

  • CARACAS, Nov 27- Venezuela will maintain contact with non- OPEC countries to seek a "fair" global oil price, Foreign Minister Rafael Ramirez said on Thursday, despite OPEC's refusal to cut output as the cash-strapped South American country had aggressively pushed for. Saudi Arabia blocked calls from poorer members of the OPEC oil exporter group for production...

  • *OPEC leaves oil output unchanged. Nov 27- Brent crude oil plunged as much as $6.50 a barrel on Thursday, and U.S. crude dropped by nearly as much, posting their steepest one-day falls since 2011, after OPEC decided against cutting output despite a huge oversupply in world markets. Crude prices have been falling all week as traders and analysts scaled back...

  • CARACAS, Nov 27- Venezuela will maintain contact with non- OPEC countries to seek a "fair" global oil price which it still thinks should be around $100, Foreign Minister Rafael Ramirez said on Thursday.

  • Diplomats make trade deal to cut red tape, poverty Thursday, 27 Nov 2014 | 1:03 PM ET

    GENEVA— After many years of talking, the World Trade Organization pulled off a major deal Thursday that could boost global commerce by $1 trillion annually. After months of stalemate and years of negotiation, a U.S.- India deal this month over food stockpiling by India cleared the way for the agreement. India had insisted on subsidizing grains under a national...

  • PARIS, Nov 27- Warning that Europe risks a "stagnation trap", leading French and German economists proposed reforms and investments to revive growth in the euro zone's two biggest economies, but Berlin swiftly dismissed a key proposal to boost its public investment. Henrik Enderlein, of Germany's Hertie School of Governance, and Jean Pisani-Ferry, head of the...

  • *Saudi's Naimi says OPEC made "great decision". *Venezuela, Algeria wanted OPEC to reduce output. This outcome set the stage for a battle for market share between OPEC and non- OPEC countries, as a boom in U.S. shale oil production and weaker economic growth in China and Europe have already sent crude prices down by about a third since June.

  • MOSCOW, Nov 27- The rouble fell to record lows against the dollar and euro on Thursday after OPEC decided against cutting crude-oil output to boost flagging prices. It had earlier strengthened against both currencies in nervous trade before the OPEC meeting in Vienna, one of the most closely watched in years. Brent crude fell to a four-year low below $73 a barrel...

  • *OPEC leaves oil output unchanged. LONDON, Nov 27- Brent crude oil plunged more than $6 a barrel on Thursday, the sharpest one-day fall since 2011, after OPEC decided not to cut production despite a huge oversupply in world markets. Ministers from the Organization of the Petroleum Exporting Countries had been discussing at their meeting in Vienna whether to...

  • *Oil hits $70 a barrel as OPEC shuns cut. LONDON, Nov 27- Oil hit four-year lows around $70 a barrel on Thursday and commodity currencies were sent tumbling, as OPEC resisted the temptation to cut back production following the more than 30 percent plunge in prices since June. The meeting had lasted over five hours and as the decision emerged both Brent and U.S. crude...

  • WTO finds against Peru in farm duties case Thursday, 27 Nov 2014 | 11:26 AM ET

    GENEVA, Nov 27- A World Trade Organisation dispute panel ruled on Wednesday that Peru was violating global trade rules in imposing additional duties on key agricultural products when their international prices fell below a set floor. The case was brought to the WTO last April by Guatemala, which argued that its exports to Peru had suffered under the measure...

  • VIENNA, Nov 27- OPEC oil producers agreed on Thursday to keep their official joint production target at 30 million barrels per day, the 12- member group said in a statement at the end of their biannual meeting in Vienna. The Organization of the Petroleum Exporting Countries, which met after oil prices had fallen by more than 30 percent in five months, expressed...

  • Germany's DAX extends rally; OPEC sinks energy firms Thursday, 27 Nov 2014 | 10:32 AM ET

    *Energy shares under pressure as OPEC maintains supply. LONDON, Nov 27- European shares rose on Thursday led by the German DAX, which extended its recent sharp rally on the back of encouraging data and expectations of further stimulus measures from the European Central Bank. At the same time weak inflation data raised again the spectre of deflation in the region,...

  • VIENNA— OPEC oil ministers decide to keep present output target of 30 million barrels a day.

  • Rouble weakens as oil ministers indicate no OPEC cut Thursday, 27 Nov 2014 | 10:11 AM ET

    MOSCOW, Nov 27- Russia's rouble weakened on Thursday after the oil ministers of Saudi Arabia and Kuwait said the OPEC oil producers' group had decided not to cut output at a meeting in Vienna.

  • *OPEC leaves oil output unchanged. LONDON, Nov 27- Brent crude oil fell more than $3 to a fresh four-year low under $75 a barrel on Thursday after OPEC decided not to cut production, despite a huge oversupply in world markets. Benchmark Brent futures were down by $2.50 a barrel at $75.25 by 1500 GMT, after hitting a low of $74.36, their lowest since August 2010.

  • *OPEC leaves oil output unchanged. LONDON, Nov 27- Brent crude oil fell more than $3 to a fresh four-year low under $75 a barrel on Thursday after OPEC decided not to cut production, despite a huge oversupply in world markets. Benchmark Brent futures were down by $2.50 a barrel at $75.25 by 1500 GMT, after hitting a low of $74.36, their lowest since August 2010.