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  • *Greece concerns could weigh, analysts say. LONDON, June 19- Oil fell to around $63 a barrel on Friday as concern over Greece and a forecast that U.S. shale oil output would keep growing this year countered signs of a pickup in demand. Greece has been less of a driver for oil than other markets such as equities, but analysts said the situation represented a bearish risk...

  • *Greece concerns could weigh, analysts say. LONDON, June 19- Oil eased below $64 a barrel on Friday as concern over Greece and a forecast that U.S. shale oil output would keep growing this year countered signs of a pickup in demand. Greece has been less of a driver for oil than other markets such as equities, but analysts said the situation represented a bearish risk...

  • *Market intelligence firm Genscape reports Cushing draws. NEW YORK, June 18- Oil prices settled up for a third straight day on Thursday, boosted by a slipping dollar and reports that data showed a draw in crude this week at Cushing, Oklahoma, the delivery point for U.S. crude futures. On Wednesday, the U.S. Energy Information Administration also cited the first weekly...

  • *Market intelligence firm Genscape reports Cushing draws. NEW YORK, June 18- Oil prices rose for a third straight day on Thursday, helped by a weaker dollar and data showing draws this week at the delivery point for U.S. crude futures. Market intelligence firm Genscape reported a draw of about 870,000 barrels at the Cushing, Oklahoma delivery point for crude in the...

  • LONDON, June 18- Oil prices rose on Thursday as a weaker dollar made fuel cheaper for holders of other currencies, and on hopes of a last-minute breakthrough that could keep Greece in the euro zone and help avoid a shock to European economic growth. European finance ministers meet in Luxembourg on Thursday for what could be the last best chance of a political...

  • LONDON, June 18- Oil prices rose on Thursday as a weaker dollar made fuel cheaper for holders of other currencies, and on hopes of a last-minute breakthrough that could keep Greece in the euro zone and help avoid a shock to European economic growth. European finance ministers meet in Luxembourg on Thursday for what could be the last best chance of a political...

  • SEOUL, June 18- Oil prices gained on Thursday, supported by a weakening U.S. dollar, continuing Middle East geopolitical tensions and hopes of progress in talks between Greece and its international creditors. July crude gained 1 cent to $59.93 a barrel as of 0749 GMT after falling 5 cents in the previous session. Brent August crude gained 35 cents to $64.22 a barrel...

  • US stocks open higher, led by health sector gains Thursday, 18 Jun 2015 | 12:01 AM ET

    SEOUL, South Korea— Chinese stocks tumbled while other global stock markets were also lower Thursday after the Federal Reserve cuts its forecast for U.S. economic growth, a move that could delay Fed rate hikes but also suggests reduced American demand for Asia's exports. KEEPING SCORE: Britain's FTSE 100 dipped 0.4 percent to 6,657.67 and Germany's DAX dropped...

  • SEOUL/ HONG KONG, June 17- Any buyer of Tesco's $6 billion South Korea unit will need a strategy to boost returns in a lethargic and saturated market for traditional retailers, likely involving real estate sales and a greater focus on Internet shopping. Britain's Tesco has hired HSBC to advise on a potential sale of its South Korean unit, Homeplus, Reuters reported...

  • Italy's Alitalia agrees to start flights to Mexico Friday, 12 Jun 2015 | 5:47 PM ET

    June 12- Italy's largest airline, Alitalia Linee Aeree Italiane SpA, agreed on Friday to start direct flights between Rome and Mexico City, as part of its plan to expand revenue via long, international flights. "The flight to Mexico City responds to market demands that appear to be of great interest, both in terms of traditional tourism, business tourism and cargo."

  • SINGAPORE, June 12- South Korea's GS Caltex Corp is set to receive a shipment of 2 million barrels of West African crude, dwarfing the country's usual purchases from the region as it looks to diversify supply away from the Middle East. South Korea's second-biggest refiner is due to receive a total of 2 million barrels of crude from Angola and the Republic of Congo...

  • TOKYO, June 11- Asian stocks rose on Thursday, encouraged by gains on Wall Street, while the New Zealand dollar tumbled to a five-year low after the central bank cut interest rates for the first time in four years. Spreadbetters expected a flat to slightly lower open for Britain's FTSE, Germany's DAX and France's CAC. MSCI's broadest index of Asia-Pacific shares...

  • SEOUL, June 11- South Korea's central bank cut its policy rate by 25 basis points to a record-low 1.50 percent on Thursday, as policymakers sought to shield a tottering economy from an outbreak of a deadly respiratory disease. A Bank of Korea media official announced the monetary policy committee's decision to lower the base rate, without elaborating.

  • SEOUL, June 10- A joint South Korean-World Health Organization mission studying an outbreak of Middle East Respiratory Syndrome recommended on Wednesday that schools be reopened, as they were unlikely to spread the disease, just as school boards recommended more be shut. South Korea's Health Ministry said on Wednesday two more people had died from MERS and...

  • WASHINGTON, June 9- The State Department notified Congress on Tuesday that it has approved potential arms deals worth nearly $2.4 billion with South Korea and Lebanon, including three Aegis Shipboard Combat Systems for Seoul and six close air support planes for Beirut. The two separate notifications were to advise Congress of potential sales but do not mean...

  • Falling yen raises specter of "currency war" in Asia Tuesday, 9 Jun 2015 | 5:00 PM ET

    SINGAPORE, June 10- From South Korea to Indonesia and India, monetary authorities are preparing to let their currencies weaken as a falling Japanese yen makes their economies uncompetitive, and drags them into what some policymakers are calling a "currency war." An adviser to India's finance minister said the country's export growth was flailing not just...

  • *U.S. crude settles above $60 a barrel, Brent near $65. NEW YORK, June 9- Prices for crude oil, gasoline and diesel jumped more than 3 percent on Tuesday, as bullish investors ramped up bets across the oil complex for another weekly drop in U.S. stockpiles. U.S. crude inventories likely fell for a sixth straight week in the week ended June 5, data from industry group...

  • *Brent nears $65 a barrel, U.S. crude edges toward $60. U.S. crude inventories likely fell for a sixth straight week in the week ended June 5, data from industry group American Petroleum Institute is expected to show later on Tuesday before official numbers on Wednesday from the government's Energy Information Administration. Brent futures were up $1.88, or 3...

  • *Brent near $65 a barrel, U.S. crude near $60. U.S. crude inventories likely fell for a sixth straight week in the week ended June 5, data from industry group American Petroleum Institute is expected to show later on Tuesday before official numbers on Wednesday from the government's Energy Information Administration. Brent futures were up $2, or 3.2 percent, at...

  • LONDON, June 9- Oil prices rose above $64 a barrel on Tuesday as higher seasonal demand in developed economies and expectations of falling U.S. shale production reduced the impact of a large global supply overhang. Brent for July delivery was up $1.67 at $64.36 a barrel at 1139 GMT, having settled down 62 cents in the previous session. Demand for oil tends to...