International Organizations
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BRUSSELS, May 18- Critics ridiculed European Union bureaucrats on Saturday for taking time off fighting the euro zone's debt crisis to impose strict new rules on how restaurants serve olive oil. "If the European Union was logical and properly run, people wouldn't be so anti- Europe.
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*Economic growth rebounding in U.S. and Japan. PARIS, March 28- The United States and Japan are leading a rebound in advanced economies while the euro zone lags, the OECD said on Thursday, warning financial markets may be getting ahead of themselves by banking on a more solid recovery.
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*Economic growth rebounding in U.S. and Japan. PARIS, March 28- The United States and Japan are leading a rebound in advanced economies while the still fragile euro zone needs an interest rate cut to ensure a recovery takes hold, the OECD said on Thursday. We see growth firming in the U.S., we see more growth in Japan thanks to new measures, and we see more growth in Germany. "
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BRUSSELS, March 26- The International Swaps and Derivatives Association may have joined with investment banks to keep exchanges out of the credit derivatives market, European Union regulators said on Tuesday, expanding an investigation into the sector.
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AMSTERDAM, March 26- The European Union hopes to ease the cost of protein used to make pig and poultry feed by lifting a ban on by-products imposed during the mad cow disease outbreak over a decade ago.
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The agreement came hours before a deadline to avert a collapse of the banking system in fraught negotiations between President Nicos Anastasiades and heads of the European Union, the European Central Bank and the International Monetary Fund.
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OTTAWA, March 25- A ministers meeting in December will help decide the fate of the long-stalled Doha round of talks to liberalize world trade, a candidate to head the World Trade Organization said on Monday.
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*EU easing sanctions to encourage reforms in Zimbabwe. BRUSSELS, March 25- The European Union suspended most sanctions on Zimbabwe on Monday after voters there approved a new constitution paving the way for an election to decide whether President Robert Mugabe extends his 33- year rule.
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BRUSSELS, March 25- The European Union said on Monday it would immediately suspend travel bans and asset freezes on most Zimbabwean firms and people on its sanctions list after Zimbabweans approved a new constitution curbing presidential powers.
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BRUSSELS, March 25- The European Union said on Monday it would immediately suspend travel bans and asset freezes on most Zimbabwean firms and people on its sanctions list after Zimbabweans approved a new constitution curbing presidential powers.
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TOKYO/ BRUSSELS, March 25- Japan and the European Union agreed on Monday to launch talks on one of the world's most ambitious trade deals despite opposition from European carmakers, a test of how far both sides are willing to go in their hunt for economic growth.
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TOKYO/ BRUSSELS, March 25- Japan and the European Union launched talks on Monday towards one of the world's most ambitious trade deals, in a test of how far both sides are willing to go in their hunt for economic growth.
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TOKYO/ BRUSSELS, March 25- Japan and the European Union agreed on Monday to launch talks on one of the world's most ambitious trade deals despite opposition from European carmakers, a test of how far both sides are willing to go in their hunt for economic growth.
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*OPEC member Kuwait produced 2.9 mln bpd in March. KUWAIT, March 25- Oil prices at around $100 a barrel are reasonable for both consumers and producers, OPEC heavyweight Saudi Arabia's oil minister said on Monday, again highlighting the top crude exporter's preferred oil price.
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TOKYO, March 25- Japan's Nikkei share average rose 1.7 percent on Monday, recovering most of its declines late last week, as Cyprus and the European Union agreed to a plan to resolve the island's financial crisis. The Nikkei rose 207.93 points to 12,546.46 after dropping 2.4 percent on Friday. The broader Topix gained 0.8 percent on Monday to 1,047.29.
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*IMF urges Belarus to focus on reducing inflation. MINSK, March 25- The International Monetary Fund urged Belarus on Monday to stop cutting interest rates and boosting wages and other spending in pursuit of high growth and focus on curbing inflation and maintaining macroeconomic stability.
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*Cyprus reaches deal for 10 bln euro bailout. TOKYO, March 25- Japan's Nikkei share average rebounded strongly on Monday after a sharp fall at the end of last week, as Cyprus and the European Union agreed to a plan to resolve the island's financial crisis.
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The agreement came hours before a deadline to avert a collapse of the banking system in fraught negotiations between President Nicos Anastasiades and heads of the European Union, the European Central Bank and the International Monetary Fund.
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BRUSSELS, March 25- Cyprus clinched a last-ditch deal with international lenders on Monday for a 10 billion euro bailout that will shut down its second largest bank and inflict heavy losses on uninsured depositors.
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*Cyprus reaches deal for 10 bln euro bailout. TOKYO, March 25- Japan's Nikkei share average rebounded on Monday after a sharp fall at the end of last week, as Cyprus and the European Union agreed to a plan to resolve the island's financial crisis.
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BRUSSELS, March 25- Cyprus, the European Union and the International Monetary Fund have agreed a new plan to try to resolve the island's shattered banks and finance a rescue of the country, EU officials said early on Monday. Deposits below 100,000 euros in Laiki will be transferred to Bank of Cyprus, the country's largest bank.