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  • OTTAWA, Feb 5- Canada and the United States have signed a tax-information sharing agreement, officials from the two countries said on Wednesday, months ahead of implementation of a new U.S. law to crack down on offshore tax avoidance.

  • Canada and U.S. sign agreement on tax evasion Wednesday, 5 Feb 2014 | 2:00 PM ET

    OTTAWA, Feb 5- Canada has signed a tax-information sharing agreement with the U.S. Treasury Department ahead of a new U.S. law that will crack down on offshore tax avoidance, senior Canadian finance officials said on Wednesday.

  • *European Union set to improve passenger rights next year. *Rules foresee payout of up to 600 euros for flight delay. The revised rules, which would apply across the 28 countries in the European Union, would require airlines to have staff to inform passengers about their rights, as well as laying out procedures for complaints and reimbursements.

  • *European Union set to improve passenger rights next year. *New rules foresee payout of up to 600 euros for flight delay. The revised rules, which would apply across the 28 countries in the European Union, would require airlines to have staff to inform passengers about their rights, as well as laying out procedures for complaints and reimbursements.

  • UPDATE 2-Google avoids fine with EU antitrust deal Wednesday, 5 Feb 2014 | 10:36 AM ET

    *Google proposal valid in Europe for 5 years. BRUSSELS, Feb 5- Google agreed to make concessions on how it displays competitors' links on its website on Wednesday, in a deal with the European Union regulator that ended a three-year antitrust probe and avoided a fine.

  • EU eyes "radical" steps against cheap Chinese imports Wednesday, 5 Feb 2014 | 10:28 AM ET

    *European firms say China benefits from credits, subsidies. BRUSSELS, Feb 5- The European Parliament pressed the EU's trade chief on Wednesday to build stronger defences against cheap imports from China, saying the European Union needed broad new powers to stand up to the world's second-largest economy.

  • European Union seeks to stem use of conflict minerals Wednesday, 5 Feb 2014 | 8:56 AM ET

    BRUSSELS, Feb 5- The EU's trade chief will present a voluntary scheme in March aimed at stemming the import of minerals from conflict zones and prevent mining them from financing war and strife, EU officials said on Wednesday.

  • Greek yields drop on report EU mulling extending loans Wednesday, 5 Feb 2014 | 8:39 AM ET

    LONDON, Feb 5- Greek bond yields fell sharply on Wednesday after a media report said European Union officials were weighing extending the maturity of loans to Athens to 50 years, which could ease the debt burden on Greece.

  • "Time is on our side", says EU in showdown over Ukraine Wednesday, 5 Feb 2014 | 6:28 AM ET

    *EU sets out its case for drawing in Ukraine, says offer remains. *Message underlines Europe's battle of ideals with Russia. BRUSSELS, Feb 5- If there is a consistent message the European Union has tried to send since Ukraine rejected a trade deal last November in favour of stronger ties with Moscow, it is that it does not want to end up in a tug-of-war with Russia.

  • UPDATE 1-Christmas shopping tumbles in the euro zone Wednesday, 5 Feb 2014 | 6:08 AM ET

    *Retail sales fall 1.0 percent in December yr-on-yr. *Sales also fall 1.6 percent compared to November. *Falling demand raises concerns about deflation.

  • Christmas shopping tumbles in the euro zone Wednesday, 5 Feb 2014 | 5:00 AM ET

    BRUSSELS, Feb 5- The euro zone's Christmas shopping season was a sore disappointment in December as demand for retail goods fell sharply despite expectations of a rise, adding to the risk of deflation for the currency bloc.

  • *Greece, Italy seen as most corrupt. BRUSSELS, Feb 3- Corruption costs Europe 120 billion euros a year, or around one percent of economic output, according to the first ever report on graft in the 28- nation European Union by the executive European Commission. Almost all firms in Greece, Spain and Italy believe it is widespread.

  • *Greece, Italy seen as most corrupt. BRUSSELS, Feb 3- Corruption is a problem for almost half the companies doing business in Europe, a survey by the European Commission said on Monday, and an increasing number of European Union citizens think it is getting worse.

  • *OPEC output rises in January from 2-1/ 2 year low- survey. NEW YORK, Jan 31- Oil prices fell on Friday, with Brent posting its biggest monthly loss in four months, on worries over the outlook for emerging economies and fallout over the U.S.

  • UNITED NATIONS, Jan 31- U.N. Secretary-General Ban Ki- moon on Friday appointed former New York City Mayor Michael Bloomberg as his special envoy for cities and climate change, in a bid to build momentum ahead of a planned U.N. conference in September. Ban is seeking to re-energize the global climate change debate and boost the United Nations' role.

  • *OPEC output rises in January from 2-1/ 2 year low- survey. NEW YORK, Jan 31- Brent oil fell by $1 on Friday, putting it on track for its first monthly loss in four months, under pressure from worries over emerging economies turmoil and weak global stock markets. The spread between the two benchmarks fell below $9 for the first time in nearly 3 months.

  • UNITED NATIONS, Jan 31- U.N. Secretary-General Ban Ki- moon on Friday appointed former New York City Mayor Michael Bloomberg as his special envoy for cities and climate change, in a bid to build momentum ahead of a planned U.N. conference in September.

  • LONDON, Jan 31- OPEC's oil output has risen in January from December's 2-1/ 2- year low, due to a partial recovery in Libyan supply and higher shipments from Iraq and Iran, a Reuters survey found on Friday. The survey illustrates the potential for OPEC supply to rebound in 2014 if Libya, Iraq and Iran sustain higher output.

  • *EU tries to position itself for future transition in Cuba. BRUSSELS/ MADRID, Jan 30- The European Union will agree next month to deepen relations with Cuba in its most significant overture to the communist nation since diplomatic sanctions were lifted in 2008, people close to the matter told Reuters.

  • BRASILIA, Jan 30- Latin America is in a better position now to handle a resurgence in global market turbulence, but policymakers need to stay alert and use sound policies to tackle any spillovers, the International Monetary Fund said on Thursday.

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