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  • *Kuwait says OPEC must keep output steady. LONDON, March 20- Brent crude oil fell towards $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by oversupply worries after Kuwait said OPEC had no choice but to maintain output levels. "Oil has been under pressure following remarks by Kuwait's oil minister and the very slim chance of an...

  • MOSCOW, March 20- Russia described "sanctions rhetoric" as destructive on Friday and said it would do what is in its national interests after European Union leaders kept economic sanctions in place over the Ukraine crisis. In comments to reporters, Kremlin spokesman Dmitry Peskov also accused Kiev of violating the terms of a peace deal for eastern Ukraine that...

  • BEIJING, March 20- China's economy is likely to grow around 7 percent this year and 6.9 percent in 2016 as the government pushes reforms on interest rates and the currency and pursues slower but higher-quality growth, the OECD said on Friday. China can avoid an abrupt slowdown as long as the government ensures an orderly unwinding of economic imbalances, the...

  • *Kuwait says OPEC must keep output steady. SINGAPORE, March 20- Brent crude fell towards $54 a barrel on Friday and was on track for its third weekly loss, hurt by oversupply worries after Kuwait said OPEC had no choice but to maintain output levels. High inventory in the United States, the world's largest oil consumer, also weighed on prices.

  • OECD head: Europe heading for faster recovery Friday, 20 Mar 2015 | 2:05 AM ET

    BEIJING, March 20- Europe is heading towards a faster economic recovery due to low oil prices, low interest rates and a "more competitive" euro currency, the head of the Organisation for Economic Co-operation and Development said in Beijing on Friday.

  • BEIJING, March 20- China's economy is likely to grow around 7 percent this year and 6.9 percent in 2016 as the government pushes forward reforms on interest rates and the currency and pursues slower but higher-quality growth, the OECD said on Friday. China can avoid an abrupt growth slowdown as long as the government ensures an orderly unwinding of economic...

  • *Kuwait says OPEC must keep output steady. *Iraq's southern crude oil export rate up in March. SINGAPORE, March 20- Brent prices rebounded towards $55 a barrel on Friday as the dollar weakened slightly, but gains were limited by supply concerns after Kuwait said OPEC had no choice but to maintain output levels.

  • *Kuwait says OPEC must keep output steady. *Iraq's southern crude oil export rate up in March. SINGAPORE, March 20- Brent prices rebounded towards $55 a barrel on Friday as the dollar weakened, but gains were limited by supply concerns after Kuwait said OPEC had no choice but to maintain output levels.

  • BRUSSELS, March 19- European Union leaders agreed on Thursday that economic sanctions imposed on Russia will stay in place until a Ukraine peace deal is fully implemented, effectively extending them to the end of the year if need be. EU governments were divided on whether to act now to renew economic sanctions on Russia which expire in July or to wait several...

  • CARACAS, March 19- China will lend Venezuela around $10 billion in coming months, half as part of a bilateral financing deal and the other half for the development of oil fields, a senior official at state oil company PDVSA said on Thursday. Fresh funds are a boon for financially squeezed Venezuela and will likely increase market confidence over the OPEC...

  • *Kuwait says OPEC must keep output steady. NEW YORK, March 19- Oil prices tumbled on Thursday as a rebounding dollar and Kuwait's stance that OPEC had no choice but to keep producing in an oversupplied market undercut the previous day's rally. "It's dollar play all over again today," said Phil Flynn, analyst at the Price Futures Group in Chicago.

  • BRUSSELS, March 19- Greece has enough cash to repay a last loan instalment to the International Monetary Fund on schedule on Friday, a government official said in Brussels, where Prime Minister Alexis Tsipras was attending an EU summit. We have the money to pay the IMF on Friday, "the official told Reuters after Deputy Prime Minister Yannis Dragasakis said on a TV...

  • WASHINGTON, March 19- In eight International Monetary Fund programs since independence in 1991, Ukraine has completed just one successfully. Ukraine's finance minister believes the IMF's money is "not forever", but over-optimistic economic assumptions and continued fighting in the east of the country will probably mean Ukraine will end up depending on...

  • JERUSALEM, March 19- The day before Israel's election, with polls showing he could lose, Prime Minister Benjamin Netanyahu declared that the Palestinians would never have a state on his watch. The European Union called on Israel to commit to the two-state goal at a "crucial moment". The United Nations said the only way for Israel to remain democratic was to stick to...

  • *Kuwait says OPEC has no choice but to keep output steady. NEW YORK, March 19- Oil prices fell on Thursday as a rebounding dollar and Kuwait's stance that OPEC had no choice but to keep producing in an oversupplied market undercut a rally from the previous day. "It's dollar play all over again today," said Phil Flynn, analyst at the Price Futures Group in Chicago.

  • EU joins U.S. to try to stop China's new technology rules Thursday, 19 Mar 2015 | 11:47 AM ET

    BRUSSELS, March 19- The European Union on Thursday sharply criticized China's new cyber security rules, joining a global effort to challenge measures that U.S. and EU companies say could force them out of the Chinese market. China's banking regulator has adopted new standards requiring tech products to be "secure and controllable" for use in the financial...

  • *Wall St retreats after Fed-fueled gains, Europe rallies. *Oil falls to $54 after Kuwait says OPEC not likely to cut output. Investors will seek signs of an improving U.S. economy after the Fed removed the word "patient" from its policy statement yet still underscored the need for patience, said Peter Kenny, chief market strategist at Clearpool Group in New York.

  • JERUSALEM, March 19- The day before Israel's election, with polls showing he could lose, Prime Minister Benjamin Netanyahu declared that the Palestinians would never have a state on his watch. The European Union called on Israel to commit to the two-state goal at a "crucial moment." The United Nations said the only way for Israel to remain democratic was to stick to...

  • *Kuwait says OPEC has no choice but to keep output steady. LONDON, March 19- Brent crude oil fell back towards $54 a barrel on Thursday after Kuwait said OPEC had no choice but to keep production steady, refocusing the market on global oversupply. Brent for May delivery was down $1.41 at $54.49 a barrel by 1421 GMT, having hit a low for the session of $54.07 and after...

  • *Kuwait says OPEC has no choice but to keep output steady. LONDON, March 19- Brent crude oil fell back below $55 a barrel on Thursday after Kuwait said OPEC had no choice but to keep production steady, refocusing the market on global oversupply as the dollar recovered from sharp losses in the previous session. Brent for May delivery was down $1.39 at $54.52 a barrel by...