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  • LUXEMBOURG, June 12- A compromise deal to give European Union states the option of banning genetically modified crops won approval from EU environment ministers on Thursday, bringing the EU closer to ending years of deadlock over GM cultivation.

  • *Brent hits 3- month high over $112 on Iraq supply worries. LONDON, June 12- Brent crude oil climbed towards $112 a barrel on Thursday on worries that escalating violence in Iraq could disrupt oil supplies from the major OPEC exporter.

  • *UK's Osborne rejects similar EU law, plans to design own. LONDON, June 11- British finance minister George Osborne will reject European Union plans to outlaw currency market manipulation on Thursday and instead set out his own proposals to make rigging exchange rates a criminal offence.

  • *Intel declines to say if it will go to Europe's top court. LUXEMBOURG, June 12- U.S. chipmaker Intel lost on Thursday its challenge against a record 1.06 billion euro European Union fine handed down five years ago, as Europe's second highest court said regulators did not act too harshly.

  • Intel loses court challenge against record fine Thursday, 12 Jun 2014 | 4:59 AM ET
    The Intel logo is displayed outside of the Intel headquarters on January 16, 2014 in Santa Clara, California.

    U.S. chipmaker Intel lost on Thursday its challenge against a record 1.06-billion-euro ($1.44 billion) fine handed down by the European Union.

  • LUXEMBOURG, June 12- U.S. chipmaker Intel lost on Thursday its challenge against a record 1.06- billion-euro fine handed down by European Union antitrust regulators five years ago for blocking rival Advanced Micro Devices.

  • LONDON, June 11- British finance minister George Osborne will reject European Union plans to outlaw currency market manipulation on Thursday and instead set out his own proposals to make rigging exchange rates a criminal offence.

  • *Bank of America shares biggest drag on S&P 500. *World Bank cuts global 2014 outlook. NEW YORK, June 11- U.S. stocks fell on Wednesday, with the Dow breaking a four-day string of record closing highs, following the World Bank's reduction of its global growth forecast.

  • NEW YORK, June 11- U.S. stocks fell on Wednesday, with the Dow and S&P 500 pulling back from recent record highs following the World Bank's reduction of its global growth forecast. The Dow Jones industrial average fell 102.04 points or 0.60 percent, to end unofficially at 16,843.88. The S&P 500 declined 6.90 points or 0.35 percent, to finish unofficially at 1,943.89.

  • *Bank of America shares biggest drag on S&P 500. *World Bank cuts global 2014 outlook. NEW YORK, June 11- U.S. stocks dropped on Wednesday, with the Dow and S&P 500 pulling back from recent record highs, following the World Bank's reduction of its global growth forecast.

  • OECD recommends Canada tighten mortgage insurance further Wednesday, 11 Jun 2014 | 3:05 PM ET

    OTTAWA, June 11- The Organization for Economic Co-operation and Development endorsed the Bank of Canada's accommodative monetary policy on Wednesday but recommended that Canadian authorities tighten mortgage insurance further to promote financial stability. The Bank of Canada has kept its policy rate at 1 percent since September 2010.

  • NEW YORK, June 11- Stocks retreated from recent highs on Wednesday, pressured by a lower World Bank growth forecast and a profit warning from Lufthansa, while crude oil rose on fears of disrupted supply from Iraq.

  • Supply tremors shake OPEC equilibrium Wednesday, 11 Jun 2014 | 10:38 AM ET

    *Iraq fears join Libya and Iran supply uncertainty. VIENNA, June 11- OPEC sailed through a brief, calm meeting on Wednesday- even as oil prices rose to $110 on barrel on concern renewed strife could hit Iraq's output and deepen a supply shortfall from chaotic Libya and sanctions-bound Iran.

  • VIENNA, June 11- OPEC agreed on Wednesday to renew its oil production ceiling of 30 million barrels a day for the second half of this year, in a widely anticipated decision.

  • VIENNA, June 11- OPEC has agreed to renew for the second half of 2014 its oil production ceiling of 30 million barrels a day, Nigeria Oil Minister Diezani Alison-Madueke said at the end of the meeting on Wednesday.

  • WASHINGTON, June 10- The World Bank on Tuesday trimmed its global growth forecast, saying a confluence of events, from the Ukraine crisis to unusually cold weather in the United States, dampened economic expansion in the first half of the year.

  • *OPEC set to leave 30 million bpd output ceiling as is. VIENNA, June 10- An oil price comfortably over $100 a barrel leaves smiling OPEC ministers with an easy task to leave things as they are on output policy at their Wednesday meeting.

  • ATHENS, June 10- Greece needs to improve the efficiency of its public sector dramatically to meet fiscal targets and avoid new austerity measures, the International Monetary Fund said on Tuesday.

  • Who's happy about oil over $100? OPEC, of course Tuesday, 10 Jun 2014 | 9:39 AM ET
    OPEC headquarters in Vienna, Austria.

    Oil sitting comfortably over $100 a barrel leaves OPEC ministers with an easy task to leave output steady at their meeting.

  • CHISINAU/ TBILISI, June 10- Undeterred by the conflict triggered by Ukraine's swing towards Europe, the former Soviet republics of Moldova and Georgia will sign a trade and political pact with the European Union this month with Russia warning both countries against the move.