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  • BRUSSELS, Oct 20- The European Union has ended a long-running telecoms row with China, the EU's trade chief said on Monday, dropping a threat to levy punitive tariffs on Chinese telecoms exports and easing tensions between two of the world's top trading powers. As Reuters reported exclusively on Oct. 8, the deal struck between Brussels and Beijing sets out a...

  • EU seeks $1.27 billion in Ebola aid for W. Africa Monday, 20 Oct 2014 | 5:55 AM ET

    LUXEMBOURG— The European Union committed itself Monday to step up efforts toward getting 1 billion euros in aid to fight Ebola in West Africa and rejected the idea of halting direct flights coming from the region. So far, the overall anti-Ebola total for the EU, including EU national contributions, stands at 500 million euros, with Britain contributing 160...

  • *Saudi Arabia, Kuwait stop production at Khafji oilfield. LONDON, Oct 20- Brent crude steadied around $86 a barrel on Monday, holding on to a rally from near four-year lows last week on news of a cut in Saudi- Kuwait oil output. But the news was cited as a positive factor by some traders at a time when crude oil production exceeds demand and ahead of an OPEC meeting on Nov. 27...

  • LONDON, Oct 19- Evaporating inflation and slowing growth have put financial markets into such a spin that they could inflict further damage on the world economy. With the Fed set to turn off its money taps at the end of this month, investors appear to have woken up to poor growth prospects in much of the world, something International Monetary Fund chief Christine...

  • IMF: Market sell-off may have been 'over-reaction' Friday, 17 Oct 2014 | 10:04 AM ET

    PARIS— The head of the International Monetary Fund says market turmoil this week may have been an "over-reaction," as leading economic figures met to discuss Friday the global economy and worries about another recession in Europe. Reforms in France are also on the agenda at Friday's meeting in Paris, in a country crippled by flat growth and high unemployment.

  • *Libya should be exception to any OPEC cut- official. So far, Libya is among a minority in the Organization of the Petroleum Exporting Countries, and the only one of the four African OPEC members, to call for an OPEC cut, adding to signs that such a move is unlikely. "OPEC is facing a challenge to remove the surplus from the market so the price will return to normal levels,"...

  • EU, Singapore conclude investment protection talks Friday, 17 Oct 2014 | 7:43 AM ET

    BRUSSELS, Oct 17- The European Union has concluded talks on a free trade deal with Singapore by adding investor protection clauses, which critics like Germany say give multinationals too much power. German Economy Minister Sigmar Gabriel said last month that Germany rejected investment protection agreements and that it would not sign a trade pact concluded...

  • UNITED NATIONS/ WASHINGTON, Oct 16- A United Nations trust fund seeking nearly $1 billion for rapid, flexible funding of the most urgent needs to fight Ebola in West Africa has received a deposit of just $100,000 nearly a month after it was set up. Since then $365 million has been committed to stop Ebola in Liberia, Sierra Leone and Guinea, which have been hit hardest...

  • Brazil takes Indonesia to WTO over chicken imports Thursday, 16 Oct 2014 | 4:10 PM ET

    GENEVA, Oct 16- Brazil launched a dispute at the World Trade Organization on Thursday to challenge Indonesian restrictions on Brazil's poultry meat exports, the WTO said. Brazil exported frozen chickens and chicken meat worth $7 billion last year, but Indonesia imported almost none and accounted for only $45,000 of Brazil's exports, according to a database of...

  • *OPEC shows no sign of willingness to cut output. U.S. crude was down 80 cents at $80.98 a barrel, after falling below $80 for the first time since June 2012 to a low of $79.78. "And despite us seeing a floor around $80, even this floor might come into danger if we don't have any signal from OPEC any time soon."

  • UNITED NATIONS, Oct 16- A United Nations trust fund, seeking $1 billion to fight Ebola in West Africa, has received a deposit of just $100,000 nearly a month after it was set up to allow for rapid, flexible funding of the most urgent needs on the ground. As of Thursday, $365 million had been committed by at least 28 countries, the African Union, the European Union, the World...

  • EU vows to beef up Ebola exit tests in West Africa Thursday, 16 Oct 2014 | 9:34 AM ET

    BRUSSELS— European Union nations are promising to reinforce passenger screening for Ebola at the airports in the hardest-hit West African nations and coordinate a common approach for the deadly virus at EU entry points. EU health chief Tonio Borg said Thursday the World Health Organization and the EU will look into "conflicting reports" about whether the...

  • *Exxon Mobil says refinery strategic regardless of EU policy. ANTWERP, Belgium, Oct 16- Exxon Mobil is pouring $1 billion into a refinery in the European Union, setting aside concerns ranging from poor margins to EU green energy rules due to be agreed next week that will cut demand for oil. Heavy industry and some nations, such as coal-dependent Poland, have argued...

  • EU pledges support for Greece as markets plunge Thursday, 16 Oct 2014 | 7:55 AM ET

    ATHENS, Greece— The European Union is promising Greece continued financial support, in the hopes of calming market turmoil triggered by concerns over the government's survival and the future of its bailout program. Jyrki Katainen, vice-president of the European Union's executive Commission, said Greece had made "immense progress" since the 240 billion euro...

  • LONDON, Oct 16- How far do oil prices need to fall to curb the investment in shale production and stem the destruction of demand? The two most popular methods for identifying a potential floor are the fiscal breakeven prices for OPEC members and the marginal costs for North American shale producers, but both approaches have severe limitations.

  • *Exxon Mobil says refinery strategic regardless of EU policy. ANTWERP, Belgium, Oct 16- Exxon Mobil is pouring $1 billion into a refinery in the European Union, setting aside concerns ranging from poor margins to EU green energy rules due to be agreed next week that will cut demand for oil. Heavy industry and some nations, such as coal-dependent Poland, have argued...

  • BRUSSELS, Oct 16- European Union authorities could intervene to prevent gas shortages this winter in the event the Ukraine crisis causes disruption to flows from Russia, EU stress tests showed on Thursday. European Energy Commissioner Guenther Oettinger unveiled the results of tests conducted across the EU's 28 member states and 10 neighbouring countries...

  • *EBRD, Ukraine prepare "unprecedented" cooperation plan. KIEV, Oct 16- The International Monetary Fund's mission to Ukraine will determine at the end of October how much additional financial aid Kiev needs, Central Bank Governor Valeria Gontareva said on Thursday. She also said that the European Bank for Reconstruction and Development is preparing an "...

  • *OPEC shows no sign of willingness to cut output. LONDON, Oct 16- Oil fell more than $1 a barrel on Thursday to a four-year low below $83 a barrel as growing concerns over the global economy stretched a four-month rout. "And despite us seeing a floor around $80, even this floor might come into danger if we don't have any signal from OPEC any time soon."

  • KIEV, Oct 16- The International Monetary Fund's mission to Ukraine will determine at the end of October how much additional financial aid Kiev needs, central bank Governor Valeria Gontareva said on Thursday. "The IMF mission which will arrive in late October will determine the demand in real terms," Gontareva said at a news conference. "If the geopolitical risks...