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  • *Kiev in dire need of cash to pay gas bills. KIEV, Oct 28- Ukraine is unlikely to receive a second tranche of a $17- billion loan programme from the International Monetary Fund this year as expected, Finance Minister Oleksander Shlapak said on Tuesday, in the latest economic blow to the debt-ridden country. Ukraine, which has been fighting pro-Russian separatists...

  • DUBAI, Oct 27- OPEC is unlikely to lower its oil production ceiling when the group meets in November, a senior Iranian oil official said, in comments that reduced the likelihood of any collective OPEC action to support prices. He also said an emergency OPEC meeting before then, called for by Venezuela, was not necessary. Top OPEC producer Saudi Arabia has been...

  • DUBAI, Oct 27- OPEC is unlikely to reduce its production ceiling when the group meets in November, Iran's oil ministry news agency Shana cited Mohsen Qamsari, director for international affairs of National Iranian Oil Company, as saying on Monday. OPEC meets on Nov. 27 to decide on its output policy amid calls by some members of the producing group to cut output to...

  • DUBAI, Oct 27- Iraq's economy is likely to shrink 2.7 percent this year, the first contraction since the U.S.-led invasion in 2003, after Islamic State militants occupied swathes of the major oil exporter, the International Monetary Fund said on Monday. The al Qaeda offshoot then declared a caliphate in parts of Syria and Iraq and threatened to take Baghdad,...

  • LONDON, Oct 27- Brent crude oil fell towards $85 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abundant supply and lacklustre demand despite a pick-up in global economic growth. The bank said Brent could fall to $80 a barrel in the second quarter of 2015, with U.S. crude dipping as low as $70 while rising production in non- OPEC countries...

  • CARACAS/ HOUSTON, Oct 27- It sounds embarrassing: Venezuela, an OPEC nation with the world's largest oil reserves, is for the first time in its history importing crude. Indeed, oil production is slipping and Venezuela has struggled to invest enough to reverse the trend. However, experts and traders who deal with Venezuela say the imports of Russian and Algerian...

  • LONDON, Oct 27- Brent crude oil fell below $86 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abundant supply and lacklustre demand despite a pick-up in global economic growth. The bank said Brent could fall to $80 a barrel in the second quarter of 2015, with U.S. crude dipping as low as $70 while rising production in non- OPEC countries...

  • DUBAI, Oct 27- Capital outflows from Gulf Arab states have totalled only about $780 million since the U.S. Federal Reserve unveiled its plan to wind down asset purchases in May last year, a small fraction of the money leaving other emerging markets, according to a study by the International Monetary Fund. Combined bond and equity outflows from the six-nation Gulf...

  • Development lenders pledge $8 bln to Horn of Africa Monday, 27 Oct 2014 | 12:00 AM ET

    ADDIS ABABA, Oct 27- Global development lenders, including the World Bank, African Development Bank and European Union, pledged more than $8 billion on Monday to boost economic growth and reduce poverty in eight countries in the Horn of Africa. The region, which includes Kenya, Somalia, Ethiopia, Eritrea, Djibouti, Uganda, Sudan and South Sudan, includes some of the...

  • LAURA, Russia, Oct 24- Russian President Vladimir Putin issued a plea to the European Union and United States on Friday, asking them to help cash-strapped Ukraine raise funds to pay for Russian gas purchases and warning about escalation of the gas crisis. He also said he hoped a deal would be reached next week with Ukraine to end a long-running dispute in which...

  • *Equities fall on confirmed case of Ebola in New York. *Commerzbank cuts price forecast on bearish OPEC signals. LONDON, Oct 24- Brent crude fell below $86 a barrel on Friday on news of strong supply from Middle Eastern OPEC producers and as a confirmed case of Ebola in New York spooked global equities markets.

  • BRUSSELS, Oct 24- European Union finance ministers will hold an emergency meeting to review a disputed adjustment of EU budget contributions after Britain objected to demands for an extra 2.1 billion euro payment this year, EU diplomats said. They said EU presidency Italy agreed to host a special meeting of ministers with the executive European Commission to...

  • SHANGHAI, Oct 24- Australia, Indonesia and South Korea skipped the launch of a China- backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China's $50 billion Asian Infrastructure Investment Bank is seen as a challenge to the World Bank and Asian Development Bank,...

  • BRUSSELS, Oct 24- European Union leaders struck a deal on a new target to cut carbon emissions out to 2030, calling it a new global standard but leaving critics warning that compromises had undermined the fight against climate change. Talks in Brussels stretched into the small hours of Friday as Poland battled to spare its coal industry and other states tweaked...

  • TEXT-Key elements of EU climate deal Thursday, 23 Oct 2014 | 8:17 PM ET

    BRUSSELS, Oct 24- Following are key elements of the deal to curb global warming struck by European Union leaders early on Friday, as given by European Council President Herman Van Rompuy:. -A reduction of at least 40 percent of greenhouse gas emissions by 2030. This figure, which refers to the classic 1990 baseline, is binding. About half of the effort takes place...

  • EU strikes compromise to set new climate target Thursday, 23 Oct 2014 | 7:20 PM ET

    BRUSSELS, Oct 24- European Union leaders struck a deal on a new target to cut carbon emissions out to 2030, calling it a new global standard but leaving critics warning that compromises had undermined the fight against climate change. Talks in Brussels stretched into the small hours of Friday as Poland battled to spare its coal industry and other states tweaked...

  • BRUSSELS, Oct 24- European Union leaders reached a deal early on Friday to cut greenhouse gas emissions by at least 40 percent in 2030 versus 1990 levels, European Council President Herman Van Rompuy said in a Twitter message. EU leaders also agreed two other 2030 targets to increase renewable energy use to 27 percent of the total and to improve their measure of...

  • EUROPEAN UNION REACHES DEAL TO CUT GREENHOUSE GASES BY AT LEAST 40 PERCENT VERSUS 1990 LEVELS- VAN ROMPUY.

  • *Saudi Arabia increases Sept output but cuts market supply. *All eyes on OPEC November meeting. NEW YORK, Oct 23- Brent crude oil jumped nearly 3 percent on Thursday, its most in over four months, after an industry source said Saudi Arabia cut output in September following the summer's tumble in prices.

  • *Poland leads objections, but is not alone. The 28 member states want to set the pace for a global pact to be agreed in Paris next year with industrial powers from Asia, North America and the rest of the world. Conflict between Ukraine and Russia, the EU's biggest energy supplier, has also focused the EU on reducing its reliance on imported fossil fuels by increasing...