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  • *Talks could bring an end to sanctions on Iran. LONDON, March 13- Oil fell towards $56 a barrel on Friday after the International Energy Agency said that a global oil glut is building and U.S. oil production shows no signs of slowing. While OPEC output declined in February, global supply was up by 1.3 million barrels per day year on year at 94 million bpd, led by a 1.4...

  • *Talks could bring an end to sanctions on Iran. LONDON, March 13- Oil fell below $57 a barrel on Friday after the International Energy Agency said that a global oil glut is building and U.S. oil production shows no signs of slowing. While OPEC output declined in February, global supply was up by 1.3 million barrels per day year on year at 94 million bpd, led by a 1.4 million...

  • TOKYO, March 13- The president of the World Bank said on Friday he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank, a day after Britain became the first Western nation to embrace the institution. The AIIB was launched in Beijing last year and was seen as a rival to the Western-dominated World and Asian Development Bank.

  • TOKYO, March 13- The president of the World Bank said on Friday he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank, a day after Britain became the first Western nation to embrace the institution. The AIIB was launched in Beijing last year and was seen as a rival to the Western-dominated World and Asian Development Bank.

  • LONDON, March 13- Britain said it has sought to become a founding member of the Asian Infrastructure Investment Bank, making it the first Western nation to embrace the China- backed institution, but the United States reacted frostily to the development. Analysts have said it could challenge the Western-dominated World Bank and Asian Development Bank.

  • UPDATE 1-UK to join China-backed Asian development bank Thursday, 12 Mar 2015 | 10:30 PM ET

    LONDON, March 12- Britain said it will seek to become a founding member of the Asian Infrastructure Investment Bank, a new regional body backed by China that has raised concerns in the United States about governance standards. Analysts have said it could challenge the Western-dominated World Bank and Asian Development Bank in the region.

  • UK to join China-backed Asian development bank Thursday, 12 Mar 2015 | 6:27 PM ET

    LONDON, March 12- Britain said it will seek to become a founding member of the Asian Infrastructure Investment Bank, a new regional body backed by China that has raised concerns in the United States about governance standards. Analysts have said it could challenge the Western-dominated World Bank and Asian Development Bank in the region.

  • UPDATE 1-Greece, OECD, sign cooperation deal on reform Thursday, 12 Mar 2015 | 1:52 PM ET

    PARIS, March 12- Greece is turning to the OECD group of industrialised nations to help reform its economy, but Prime Minister Alexis Tsipras says his country will still have to restructure its debt to overcome its woes. Greece signed an agreement with the Organisation for Economic Co-operation and Development on Thursday aimed at helping Athens carry out a...

  • BRUSSELS, March 12- European Union leaders are unlikely to tighten sanctions on Russia when they meet next week but will haggle over whether they need to act now to prolong economic sanctions on Russia expiring in July, diplomats said on Thursday. With an uneasy ceasefire in place in eastern Ukraine, the 28 EU nations see no pressing case to either impose new...

  • WASHINGTON, March 12- The International Monetary Fund sees the recent increase in the value of the U.S. dollar as being in line with market fundamentals, a spokesman for the institution said on Thursday. IMF spokesman Gerry Rice said the decline in energy prices, the changing growth outlooks for major economies and the diverging paths of monetary policies...

  • WASHINGTON, March 12- The International Monetary Fund sees the recent increase in the value of the U.S. dollar as being in line with market fundamentals, a spokesman for the institution said on Thursday.

  • Brazilian beef exporters weigh WTO case against EU Thursday, 12 Mar 2015 | 10:31 AM ET

    BRASILIA, March 12- Brazilian meat exporters are considering taking the European Union to the World Trade Organization to challenge restrictions on their beef shipments to one of the world's top markets, the head of the country's beef exporters association told Reuters. A new dispute could further harm trade ties frayed by an EU case against Brazil over...

  • KIEV, March 12- Ukrainian Finance Minister Natalia Yaresko said on Thursday that Kiev expects additional tranche of a new four-year International Monetary Fund program of more than $5 billion this year. Yaresko told a press conference that the IMF will review the program in May-June. She added that the U.S. law firm White& Case will be advising Kiev on debt...

  • UKRAINE'S FINANCE MINISTER YARESKO SAYS EXPECTS ADDITIONAL DISBURSEMENT OF MORE THAN $5 BLN FROM IMF THIS YEAR.

  • UKRAINE'S FINANCE MINISTER YARESKO SAYS NEXT IMF REVIEW TO TAKE PLACE IN MAY-JUNE.

  • UKRAINE'S FINANCE MINISTER YARESKO SAYS IMF PROGRAMME WILL ALLOW UKRAINE TO INCREASE RESERVES.

  • UKRAINE'S FINANCE MINISTER YARESKO SAYS $2.2 BLN FROM IMF WILL GO TO C.BANK, $2.8 BLN FOR GOVT NEEDS.

  • UKRAINE'S FINANCE MINISTER YARESKO SAYS KIEV EXPECTS FIRST TRANCHE OF IMF PROGRAMME THURSDAY, FRIDAY.

  • Greece, OECD, sign cooperation deal on reform Thursday, 12 Mar 2015 | 9:21 AM ET

    ATHENS/ PARIS, March 12- Greece and the OECD group of industrialised nations signed on Thursday a cooperation deal aimed at helping the crisis-hit euro zone country carry out reforms, officials said on Thursday. The OECD think tank is not part of the EU/IMF/ECB troika that has saved Greece from bankruptcy but which is widely hated in Greece for imposing...

  • EDINBURGH, March 12- The European Union is expected to make clearing of interest rate swaps mandatory from later this year, the bloc's securities market watchdog said on Thursday. Steven Maijoor, chairman of the European Securities and Markets Authority, told a pensions conference that the watchdog had completed an analysis of the interest rate swaps market...