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  • UKRAINE PM YATSENIUK, SPEAKING OF FUTURE IMF AID PACKAGE, SAYS 2016 COULD BE YEAR OF ECONOMIC GROWTH IF "RUSSIAN AGGRESSION" IS HALTED AND INTERNAL REFORMS ARE A SUCCESS.

  • MUMBAI, Feb 12- The United States will "push back very hard" against countries that target weaker exchange rates to gain an unfair trade advantage, Treasury Secretary Jack Lew said on Thursday, driving home concerns he expressed to the Group of 20 this week. He urged Europe to make greater use of fiscal policy to reinforce monetary stimulus to boost growth.

  • SEOUL, Feb 12- U.S. crude futures rose above $49.50 a barrel on Thursday as the Ukraine army suffered some of the heaviest losses in the nine-month war, and Saudi Arabia and Russia's energy giant Gazprom discussed cooperation between OPEC and non- OPEC oil producers. *The leaders of France, Germany, Russia and Ukraine held peace talks in Belarus on Wednesday, while...

  • NEW YORK, Feb 11- Greece has reached an agreement in principle with the European Union to stay in an EU bailout program, CNBC reported on Wednesday, citing an unnamed source.

  • BRUSSELS, Feb 10- One goal for U.N. climate talks is to stop industry fleeing Europe to escape regulatory costs, a Dow Chemical director said on Wednesday, adding there was no need to intervene in the EU carbon market to drive up prices. The European Union has sought to lead efforts to curb greenhouse gas emissions with its Emissions Trading System, the world's...

  • WASHINGTON, Feb 11- The United States on Wednesday launched a legal challenge to Chinese export subsidies supporting billions of dollars of exports across a wide swathe of industries from steel to shrimp. The request for consultations, lodged on Wednesday, is the first step in a World Trade Organization dispute. "We are equally committed to the decisive,...

  • BRUSSELS, Feb 10- One goal for U.N. climate talks is to stop industry fleeing Europe to escape regulatory costs, a Dow Chemical director said on Wednesday, adding there was no need to intervene in the EU carbon market to drive up prices. The European Union has sought to lead efforts to curb greenhouse gas emissions with its Emissions Trading System, the world's...

  • CAIRO, Feb 11- The International Monetary Fund said on Wednesday that Egypt's structural and monetary reforms were starting to produce a turnaround in the economy, which has been hit by persistent turmoil since 2011.. Egypt's current government has since embarked on a series of reforms, and asked the IMF to assess its financial and economic condition in the...

  • CAIRO, Feb 11- The International Monetary Fund said on Wednesday that Egypt's structural and monetary reforms were starting to produce a turnaround in the economy, which has been hit by persistent turmoil since 2011.. However, Egypt has received billions of dollars in aid from Gulf states since ex-army chief Abdel Fattah al-Sisi ousted president Mohamed...

  • UPDATE 1-Greece, OECD agree to work together on reforms Wednesday, 11 Feb 2015 | 6:06 AM ET

    ATHENS, Feb 11- Greece and the OECD agreed on Wednesday to work together on reforms to the Greek economy, but Athens insisted it would not let outsiders decide what policies it should adopt. Speaking ahead of a meeting of euro zone finance ministers in Brussels, where Greece will present a demand for an end to its international bailout and a transition to a new debt...

  • KIEV, Feb 11- Ukraine's Finance Minister Natalia Yaresko said on Wednesday she hoped talks with all holders of Ukrainian sovereign debt would start in early March after a deal is reached with the International Monetary Fund, Interfax news agency quoted her as saying. The Finance Ministry said it had not directly approached Russia to restructure a $3 billion...

  • Chinese economy more sustainable now - China c.bank Tuesday, 10 Feb 2015 | 8:55 PM ET

    BEIJING, Feb 11- China's economy is now more sustainable and domestic consumption is steadily rising, Chinese Central Bank Vice Governor Yi Gang told a G20 meeting of finance officials earlier this week. To stoke growth and bank lending, China's central bank last week reduced the amount of cash that banks have to hold as reserves for the first time in over two...

  • *Igor Sechin says " OPEC has lost its teeth". LONDON, Feb 10- The head of Kremlin-controlled energy giant Rosneft targeted OPEC and the United States on Tuesday as he launched a broadside at the forces behind the oil price crash that has hit Russia's economy hard. Igor Sechin, one of President Vladimir Putin's closest allies, said during a rare visit to London that OPEC...

  • Feb 10- Ratings agencies Fitch and Standard& Poor's warned on the long-term ratings of four Greek banks as uncertainty surrounds Greece getting financial support from the European Central Bank. The European Union aims to clinch an interim debt deal with Greece although there are "low expectations" for a breakthrough at meetings of ministers and EU leaders...

  • Feb 10- Standard& Poor's kept the long-term ratings of four Greek banks on watch with negative implications, saying there was uncertainty over Greece getting support from the European Central Bank. The European Union aims to clinch an interim debt deal with Greece although there are "low expectations" for a breakthrough at meetings of ministers and EU leaders...

  • ISTANBUL, Feb 10- Following are the key points of a communique released by G20 finance officials at the end of a two-day meeting in Istanbul. -Growth in the global economy remains uneven and although the recovery is in progress, it is slow, especially in some advanced economies, notably the euro area and Japan. We continue to urge the United States to ratify the 2010...

  • ISTANBUL, Feb 10- G20 finance officials painted a downbeat picture of the world economy on Tuesday and vowed to use monetary and fiscal policy to boost activity if needed. A communique released at the end of a two-day meeting of finance ministers and central bankers in Istanbul, said: "We will continuously review our monetary and fiscal policy settings and act...

  • TRIPOLI, Feb 10- Libya reopened its oil port of Hariga on Tuesday, ending a strike by guards that threatened to further cut the OPEC country's petroleum production that is already battered by factional fighting over two export terminals. The threat to shut down Hariga port illustrated the fragility of oil shipments from Libya, where two rival governments and...

  • *A transitional period during which Greece and its partners can discuss ways to make Athens' debt viable. It says it will no longer deal with the "troika" of European Commission, European Central Bank and International Monetary Fund inspectors. *Greece wants to scrap about 30 percent of the current bailout's conditions.

  • ISTANBUL, Feb 10- Bank of Canada Governor Stephen Poloz insisted on Tuesday that he has not been talking down the Canadian dollar, saying it has fallen because of economic developments, particularly the collapse in the price of oil. Poloz, who moved over from Export Development Canada in mid-2013, has often spoken of the need for exports to take over as a main...