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  • BUDAPEST, March 6- Hungary will not support any trade agreement between the United States and the European Union that impairs the jurisdiction of Hungarian courts in trade disputes, Prime Minister Viktor Orban told state radio in an interview on Friday. "I cannot support any free trade agreement that removes jurisdiction over disputes from the Hungarian...

  • Gas has become a double-edged sword in the dispute between Ukraine and Russia after Moscow's seizure of Crimea a year ago. Russia needs the European Union as its biggest market, while the EU relies on Russia for roughly a third of its gas, of which some 40 percent is shipped via Ukraine. But EU efforts to follow a winter gas deal with an agreement to guarantee Russia...

  • MINSK, March 5- Belarus wants to ask the International Monetary Fund for a new financing programme, Deputy Finance Minister Maxim Yermolovich said on Thursday. The former Soviet republic's economy has been battered by a plunge in the Russian rouble and the conflict in Ukraine. Belarus received a $3.5 billion standby loan from the IMF in 2009-2010 in the...

  • MINSK, March 5- Belarus wants to ask the International Monetary Fund for a new financing programme, the country's Finance Ministry said on Thursday. An IMF mission is due to arrive in Minsk on Thursday. The ministry also said that it is "technically ready" to issue new Eurobonds.

  • *Iran reiterates opposition to nuclear deal with timelines. NEW YORK, March 4- U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles. U.S. crude settled up $1.01 at $51.53 a barrel,...

  • NEW YORK, March 4- U.S. oil futures rebounded on Wednesday and benchmark Brent pared losses as OPEC member Iran reinforced its opposition to a nuclear deal with timelines, helping the market recover from an earlier price slide tied to big U.S. crude supplies. Brent was down 57 cents at $60.45 a barrel at 2:41 p.m. EST, off the day's low of $59.47.

  • *Ukraine parliament has okayed IMF-backed budget changes. *G7 powers see IMF board approving Ukraine bailout. IMF chief Christine Lagarde cautioned that what she called the "huge distraction" of fighting against pro-Russian rebels in eastern Ukraine complicated the provision of aid, but she was in no doubt that Kiev was now "really determined to reform."

  • World Bank admits botched resettlement policy Wednesday, 4 Mar 2015 | 12:24 PM ET

    World Bank President Jim Yong Kim pledged that "we must and will do better," on a call with reporters, and launched an action plan to address shortcomings. In a recent case, indigenous Anuak people in Ethiopia's Gambella region said the World Bank contributed to the Ethiopian government's "villagization" program that forced about 70,000 people off their land.

  • WASHINGTON, March 4- The United States expects a global deal to cut customs red tape and streamline import procedures to come into force this year, a senior trade official said on Wednesday. Trade Representative for World Trade Organization and Multilateral Affairs, said Washington was "pretty confident" the deal agreed in Bali in 2013 would be up and running by...

  • BERLIN, March 4- Finance ministers from the Group of Seven leading economies praised Ukraine's new draft budget and economic reform package on Wednesday and said it should put the country on track for support from the International Monetary Fund. "This legislation makes significant progress toward implementing the prior actions on a new economic reform...

  • WASHINGTON, March 4- International Monetary Fund chief Christine Lagarde said on Wednesday that an infusion of financial support for Ukraine and its impact largely hinges on how the security crisis over Russia's actions in Ukraine is resolved. In an interview on MSNBC, the International Monetary Fund's managing director said the fighting in eastern...

  • UPDATE 2-Saudi Arabia expects oil price to stabilise Wednesday, 4 Mar 2015 | 8:07 AM ET

    *Circumstances require non- OPEC nations to help balance market. *Says history to prove OPEC made right decision at Nov meeting. Giving a speech in the German capital, Ali al-Naimi also urged non- OPEC producers to help balance the oil market, saying it was not up to Saudi Arabia to subsidize higher-cost producers and that circumstances required non- OPEC to...

  • In a speech, he said his country was committed to helping balance the oil market, but added it was not up to Saudi Arabia, OPEC's top exporter, to subsidize higher-cost producers and that circumstances required non- OPEC nations to cooperate. Prices collapsed from $115 in June due to oversupply, in a decline that deepened after Saudi Arabia and the rest of the...

  • *Fighting escalates in Libya, militants seize oilfield. LONDON, March 4- Brent dipped on Wednesday but held above $60 a barrel, supported by a rise in Saudi crude prices and air strikes and militant raids on oil facilities in Libya. In a move widely seen as showing Saudi Arabia's confidence in a demand recovery, the OPEC kingpin raised official selling prices for its...

  • *Saudi Arabia raises monthly prices for crude sales to U.S., Asia. SINGAPORE, March 4- Brent dipped on Wednesday but held above $60 a barrel, supported by a rise in Saudi crude prices and air strikes on oil facilities in Libya. In a move widely seen as showing Saudi Arabia's confidence about a recovery in demand, the OPEC kingpin raised the official selling prices for...

  • Brent holds above $60 after Saudi price hikes Tuesday, 3 Mar 2015 | 10:10 PM ET

    *Fighting escalates in Libya before UN talks. SINGAPORE, March 4- Brent held above $60 a barrel on Wednesday supported by a hike in Saudi crude prices and strikes on oil facilities in Libya. In a move widely seen as a vote of confidence by Saudi Arabia in demand recovery, the OPEC kingpin raised the official selling prices for its oil deliveries to Asia and the United...

  • Dubai's Emirates says adds $7.6 bln to EU GDP Tuesday, 3 Mar 2015 | 10:34 AM ET

    DUBAI, March 3- Dubai's flagship airline Emirates contributes 6.8 billion euros to the European Union economy, it said on Tuesday, in an apparent response to criticism from rivals that government subsidies give Gulf carriers an unfair advantage. Emirates first flew to Europe in 1987 and since then has grown to 350 passenger flights a week from Europe, its...

  • GREEK FINMIN VAROUFAKIS SAYS THE WORST THING THAT COULD HAPPEN TO GREECE IS AN EXIT FROM THE EURO ZONE.

  • ATHENS, March 2- Greece's government sought to assure its creditors and investors on Monday that it can cover its funding needs this month, including repaying a 1.5 billion euro loan to the International Monetary Fund. Athens is running out of options to fund itself despite striking a deal with the euro zone in February to extend its bailout by four months.

  • LONDON, March 2- Oil dropped more than 1 percent on Monday, with Brent slipping under $62 a barrel, depressed by a stronger dollar and a rise in Libyan crude output. Brent crude hit a low of $61.70 a barrel and was at $61.90 by 1100 GMT, down 68 cents. Disruption to oil supplies from members of the Organization of the Petroleum Exporting Countries has helped support...