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  • EU moves ahead with greenhouse gas trading reform Tuesday, 24 Feb 2015 | 12:33 PM ET

    BRUSSELS— European Union lawmakers have backed plans to reform the EU's vast greenhouse gas emissions trading scheme to protect it from fluctuations in the economy. The system sets limits on certain greenhouse gases that factories and power plants can emit and allows companies to trade allowances if they cannot avoid more emissions. Heavy fines are imposed...

  • ATHENS, Feb 24- Greece expects to start discussions immediately with its EU/IMF partners on filling the state's funding gap, a finance ministry official said on Tuesday. Following interest payments this month of about 2 billion euros to private bondholders and official lenders, Greece must repay an International Monetary Fund loan of around 1.6 billion that...

  • LONDON, Feb 24- Support for Britain remaining in the European Union has hit its highest in more than four years, according to a poll published on Tuesday, which coincided with a fall in support for the Eurosceptic UK Independence Party. Pollsters YouGov said 45 percent of people surveyed said they would vote to stay in the EU, compared to 35 percent who would opt to...

  • LONDON, Feb 24- Brent crude oil rose more than $1 to around $60 a barrel on Tuesday after Libya's largest oilfield stopped production. The Sarir oilfield in Libya shut because of a power cut, in a further blow to exports from the OPEC member. Brent for April was up $1.10 at $60.00 a barrel by 1435 GMT, recovering from an earlier low of $58.10.

  • Feb 24- Greece's reform plan is sufficient to continue giving the country aid but is lacking necessary detail, International Monetary Fund Christine Lagarde said on Tuesday. In a letter to Eurogroup President Jeroen Dijsselbloem, Lagarde said the Greek list was comprehensive but "not very specific". "In some areas like combating tax evasion and corruption I am...

  • LONDON, Feb 24- Brent crude oil reversed early losses to trade back above $59 a barrel on Tuesday as Libya's largest oilfield stopped production, and as traders awaited U.S. oil inventory data to see whether it would show another large increase. The Sarir oilfield in Libya shut because of a power cut, in a further blow to exports from the OPEC member.

  • LONDON, Feb 24- Portugal's government debt market is likely to benefit more than any other in the euro zone from the European Central Bank's bond-buying programme that starts next month. While Portugal's total debt is one of the highest in the bloc, having been bailed out by the International Monetary Fund and the European Union during the debt crisis, its stock...

  • BERLIN, Feb 24- Greece has pledged to not roll back any ongoing or completed privatizations and ensure that any efforts to address a "humanitarian crisis" does not hurt its budget, according to a document containing its reform plans seen by Reuters on Tuesday. Athens sent the list of reforms to its European Union and International Monetary Fund creditors late on...

  • BRUSSELS, Feb 24- Greece sent a list of economic reform plans to European institutions and the International Monetary Fund around midnight that was "a valid starting point" for talks over its bailout, a source close to the European Commission said on Tuesday. Greece needed to present its plans as a condition for extending its bailout program for an additional...

  • BRUSSELS, Feb 24- Greece has sent a list of economic reform plans to European institutions and the International Monetary Fund around midnight, a source close to the European Commission said on Tuesday. Greece needed to present its plans as a condition for extending its bailout programme for an additional four months, in a deal struck with euro zone partners on...

  • BRUSSELS, Feb 24- Greece sent a list of economic reform plans to European institutions and the International Monetary Fund around midnight, a source close to the European Commission said on Tuesday. "In the Commission's view, this list is sufficiently comprehensive to be a valid starting point for a successful conclusion of the review," the source said.

  • *Nigeria plans OPEC emergency meeting if selloff doesn't stop- FT. NEW YORK, Feb 23- Crude oil futures fell more than 2 percent on Monday as investors worried about oversupply and a strong dollar, but heating oil futures jumped 5 percent due to operational problems at major U.S. refineries. Crude was down for almost the whole trading session, rising briefly after the...

  • BRUSSELS— The European Union opened an in-depth probe of General Electric's $14.1 billion takeover of the power division of French company Alstom on Monday fearing higher prices and less choice. In international business, the European Commission wields major power since its rejection of a multinational deal has thwarted mergers and takeovers in the past,...

  • NEW YORK, Feb 23- Nigeria will call an extraordinary meeting of OPEC if crude oil prices slip any further, the country's oil minister said in an interview with the Financial Times, in a sign of growing alarm over the impact of oil's collapse on oil-producing economies. As OPEC president, she is responsible for liaising with member countries and the producer...

  • WASHINGTON, Feb 23- The International Monetary Fund on Monday signed off on a three-year, 1.2 billion euro loan program for Serbia to help the eastern European country restore its financial health and reassure investors. The IMF said Serbia plans to treat the funds as precautionary, as it seeks to deal with a ballooning deficit and public debt since the onset of...

  • EU investment bank chief: red tape scaring investors Monday, 23 Feb 2015 | 8:01 AM ET

    BRUSSELS— The head of the European Investment Bank says that private investors are discouraged from putting money into major European Union infrastructure projects because of red tape and lack of budgetary reform. Werner Hoyer said Monday that when he asks potential investors what is scaring them off "they come with regulation, and they come with...

  • The downside of deal keeping Greece in the euro zone Saturday, 21 Feb 2015 | 3:06 PM ET
    The national flag of Greece and the flag of the European Union fly above a government building on January 23, 2015 in Athens.

    The deal made late Friday lifted the threat of bankruptcy hanging over Greece, but also committed it to honor tough fiscal targets.

  • Athens clinched a last-minute deal late on Friday to avoid a banking collapse by accepting a conditional extension of its bailout programme. If the European Commission, the European Central Bank and the International Monetary Fund are satisfied, the Eurogroup is likely to endorse the list in a teleconference without the need for a formal meeting.

  • BRUSSELS, Feb 20- Euro zone finance ministers reached an agreement on Friday to extend heavily indebted Greece's financial rescue by four months, officials on both sides said. An agreement removes the immediate risk of Greece running out of money next month and possibly being forced out of the single currency area. European Union paymaster Germany, Greece's...

  • BERLIN— The World Health Organization said Friday it has approved a quick test for Ebola that will dramatically cut the time it takes to determine— with reasonable accuracy— whether someone is infected with the deadly virus. The ReEBOV Antigen Rapid Test Kit, made by Colorado- based Corgenix, met sufficient quality, safety and performance requirements to allow...