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  • *IMF says "major differences" remain with Greece. LONDON, June 11- A European stock market rally fizzled out on Thursday, as lingering uncertainty over Greece's debt problems pushed shares down from peaks reached earlier in the day. However, the Greek stock market had shut before the International Monetary Fund said' major differences' remained with Greece over an...

  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. The euro extended losses after International Monetary Fund spokesman Gerry Rice said "major differences" remained with Greece over an agreement to save the country from bankruptcy. "Oil continues to slip and slide when it gets bad news out of Greece and moves higher when Greek hopes for a deal to avoid a...

  • *IMF says major differences' remain with Greece. *Citrix jumps after investor sends letter. June 11- U.S. stocks came off session highs on Thursday after the International Monetary Fund quit bailout talks with Greece, saying' major differences' remained over an agreement to save the country from bankruptcy.

  • *Greece likely to default on IMF loan end June without deal. *EU president says Greece needs to take decisions. WASHINGTON/ BRUSSELS, June 11- The International Monetary Fund dramatically raised the stakes in Greece's stalled debt talks on Thursday, announcing that its delegation had broken off negotiations in Brussels and flown home because of major...

  • EU says Juncker made "last attempt" at deal with Tsipras Thursday, 11 Jun 2015 | 11:04 AM ET

    BRUSSELS, June 11- European Union officials described talks between EU chief executive Jean-Claude Juncker and Greek Prime Minister Alexis Tsipras which ended earlier on Thursday without agreement as a "last attempt" to reach a debt deal. Asked about concerns for the process raised by the departure of IMF and Greek negotiators from Brussels, an EU diplomat...

  • European shares retreat after IMF comments on Greece Thursday, 11 Jun 2015 | 11:01 AM ET

    LONDON, June 11- Top European shares took a hit on Thursday afternoon after the International Monetary Fund said "major differences" remained with Greece over an agreement to save the country from bankruptcy. Greek markets were closed, with Athens' ATG index having ended the day up 8 percent. But trading is still very schizophrenic, "said CMC analyst Michael Hewson.

  • WASHINGTON, June 11- The International Monetary Fund on Thursday said "major differences" remain with Greece over an agreement to save the country from bankruptcy, in some of the Fund's strongest comments yet on the negotiations. The leaders of Germany and France agreed with Greek Prime Minister Alexis Tsipras on Wednesday that negotiations between Greece...

  • WASHINGTON, June 11- The International Monetary Fund on Thursday said' major differences' remain with Greece over an agreement to save the country from bankruptcy, in some of the Fund's strongest comments yet on the negotiations. "There are major differences between us in most key areas," IMF spokesman Gerry Rice told reporters. He said the IMF's technical team has...

  • Nepal requests IMF loan program -IMF spokesman Thursday, 11 Jun 2015 | 10:33 AM ET

    WASHINGTON, June 11- The International Monetary Fund has received a request for financial assistance from Nepal that could total up to $50 million this year and $124 million overall. A spokesman said on Thursday that a mission will be going to Kathmandu later this month. The funds will help the country recover after a catastrophic earthquake hit April 25.

  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. LONDON, June 11- Oil prices continued to decline on Thursday due to a stronger dollar and a gloomy economic forecast by the World Bank, while a bullish International Energy Agency report on global demand failed to dispel concerns over a supply glut. In its twice-yearly Global Economic Prospects report, the...

  • *EU president says Greece needs to take decisions. *Greece faces default at end June without deal. BRUSSELS, June 11- The European Union bluntly warned Greek Prime Minister Alexis Tsipras on Thursday that time was up and he should stop playing with his cash-strapped country's future and instead take crucial decisions to avoid a devastating default.

  • DUBLIN, June 11- Ryanair is unlikely to agree to sell its 30 percent stake in Irish airline Aer Lingus until after an European Union competition probe that could take months, Chief Executive Michael O'Leary told Reuters on Thursday. British Airways owner International Airlines Group's proposed 1.36 billion euro offer for Aer Lingus was recommended by the...

  • Kazakhstan to join WTO after 20 years of talks Thursday, 11 Jun 2015 | 7:04 AM ET

    GENEVA, June 11- Kazakhstan has completed the negotiations needed to join the World Trade Organization, the Geneva- based trade body said in a statement, and is on track to become the 162nd WTO member by the end of the year. Kazakhstan is part of the Eurasian Economic Union, a regional trade grouping that includes Russia, Armenia, Kyrgyzstan and Belarus and has common...

  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. LONDON, June 11- Oil prices fell on Thursday due to a stronger dollar and a gloomy economic outlook from the World Bank, while a bullish report about global demand from the International Energy Agency failed to dispel concerns about a supply glut. In its twice-yearly Global Economic Prospects report, the...

  • *IEA sees higher 2015 demand growth than OPEC, U.S. govt. *Sees OPEC output staying high, lifts non- OPEC supply view. The Paris- based agency also pointed to "exceptionally high" growth in global supplies, forecasting OPEC crude production would remain near May's multi-year high and boosting its projection of supplies this year from other producers.

  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. LONDON, June 11- Oil prices steadied on Thursday as a bullish report from the International Energy Agency agency balanced a gloomy outlook from the World Bank, which cut its global economic growth forecast. But the market response was cautious after a downbeat assessment by the World Bank, which predicted...

  • UPDATE 1-World oil demand jumps after price slump - IEA Thursday, 11 Jun 2015 | 4:48 AM ET

    *IEA sees higher 2015 demand growth than OPEC, U.S. govt. *Sees OPEC output remaining high, lifts non- OPEC supply view. Prices collapsed from $115 in June 2014 in a decline that deepened after OPEC refused to prop them up and chose instead to defend market share.

  • World oil demand jumps after price slump - IEA Thursday, 11 Jun 2015 | 4:00 AM ET

    Prices collapsed from $115 in June 2014 in a decline that deepened after OPEC refused to prop up prices and chose instead to defend its market share. And the IEA raised its forecast of supply growth from non- OPEC producers this year by 195,000 bpd to 1 million bpd, citing an upward revision to U.S. data and fewer summer maintenance shutdowns in other regions.

  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. SINGAPORE, June 11- Crude oil futures fell on Thursday as the World Bank cut its global economic growth forecast, ending a two-day rally triggered by a sharp U.S. inventory drawdown. In its twice-yearly Global Economic Prospects report, the World Bank predicted the global economy would expand 2.8 percent...

  • Oil prices fall as World Bank cuts economic growth outlook Wednesday, 10 Jun 2015 | 11:09 PM ET

    *World Bank cuts world growth outlook to 2.8 pct from 3 pct. SINGAPORE, June 11- Crude oil futures fell early on Thursday as the World Bank cut its global economic growth forecast, ending a two-day rally triggered by a sharp U.S. inventory drawdown. In its twice-yearly Global Economic Prospects report, the World Bank predicted the global economy would expand 2.8...