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  • BRUSSELS/ LONDON, Nov 20- Britain's relations with the European Union took another knock on Thursday when its legal challenge to a limit on bankers' bonuses was rejected by an adviser to the bloc's top court. Britain, home to the City of London where most of the bankers hit by the cap are based, said the law would push up fixed pay and goes beyond the EU's powers, a...

  • Russia has little to offer in oil price war Thursday, 20 Nov 2014 | 6:53 AM ET

    *Russia needs oil price of $100 to balance budget. MOSCOW, Nov 20- Russia can do little to shore up slumping global prices even if OPEC wants it to. Before next week's meeting of OPEC, Russia has already spoken to group member Venezuela about the need to "coordinate actions in defence" of oil prices and it plans to send a high-ranking delegation to press the message.

  • BRUSSELS/ LONDON, Nov 20- Britain's relations with the European Union took another knock on Thursday when its legal challenge to a limit on bankers' bonuses was rejected by an adviser to the bloc's top court. Britain, home of Europe's largest financial centre, said the law will push up fixed pay and goes beyond the EU's treaty powers, a sensitive subject at a time of...

  • *OPEC will cut production to 30 m bpd target- Libyan official. LONDON, Nov 20- Brent crude oil fell below $78 a barrel on Thursday, as the demand outlook was hit by weak economic data in China and Europe, outweighing support from possible cuts in oil output at an OPEC meeting next week. "We've had disappointing data from China and Europe, and U.S. crude inventories are high,...

  • *Says will raise matter with Saudi Arabia at OPEC. *OPEC meets Nov. 27 in Vienna. Zanganeh said he will talk with top oil exporter Saudi Arabia about market share when OPEC meets next week, IRNA said on Thursday.

  • *Oil minister says Iran will not reduce its market share. *OPEC meets Nov. 27 in Vienna. DUBAI, Nov 20- Iran's oil minister said he will talk with top oil exporter Saudi Arabia about market share when OPEC meets next week in Vienna, as Tehran plans for the possible end of sanctions and unfettered crude exports.

  • *Serbia seeking precautionary loan deal. BELGRADE, Nov 20- Serbia said on Thursday it had reached agreement with the International Monetary Fund on a new loan deal designed to reassure investors after months of uncertainty. Serbia has been seeking a precautionary loan deal to replace a previous arrangement frozen by the lender in early 2012 over broken...

  • *OPEC will cut production to 30 m bpd target- Libyan official. SINGAPORE, Nov 20- Brent crude held above $78 a barrel on Thursday as the market waited for news on possible cuts in oil output ahead of an OPEC meeting next week. According to Samir Kamal, Libya's OPEC governor and head of planning at the Libyan oil ministry, ministers from the oil producers' cartel will...

  • *OPEC will cut production to 30 m bpd target- Libyan official. SINGAPORE, Nov 20- Brent crude held above $78 a barrel on Thursday as the market waited for news on possible cuts in oil output ahead of next week's OPEC meeting. According to Samir Kamal, Libya's OPEC governor and head of planning at the Libyan oil ministry, ministers from the oil producers' cartel will...

  • Brent sticks above $78 a barrel as market waits for OPEC Wednesday, 19 Nov 2014 | 10:50 PM ET

    *OPEC will cut production to 30 m bpd target- Libyan official. SINGAPORE, Nov 20- Brent crude held above $78 a barrel on Thursday as the market waited for news on possible cuts in oil output ahead of next week's OPEC meeting and a private survey showed China's factory output contracting for the first time in six months. According to Samir Kamal, Libya's OPEC governor...

  • Libyan OPEC official indicates output cut on Nov 27. NEW YORK, Nov 19- Oil prices fell for a third straight day on Wednesday, as early gains on talk of a possible OPEC output cut vanished after the Federal Reserve released minutes of last month's policy meeting revealing worries that U.S. inflation could remain below target for "quite some time."

  • *Morgan Stanley analysts expect production cut sooner or later. NEW YORK, Nov 19- Oil prices rose on Wednesday after Libya's representative to OPEC fueled hopes of an output cut, prompting traders to focus on next week's meeting of the producer group and ignore an unexpected surge in U.S. crude inventories. U.S. crude and Brent futures shrugged off the bearish...

  • Ireland cleared to pay IMF loans early after Swedish vote Wednesday, 19 Nov 2014 | 10:41 AM ET

    STOCKHOLM, Nov 19- The Swedish parliament on Wednesday said Ireland may pay back part of its bailout loans early to the International Monetary Fund, giving the final EU approval needed for Dublin to begin repayment. Ireland won agreement from Europe to pay the IMF before it repays aid from the European bailout funds and just needed the new Swedish government to...

  • UPDATE 5-Oil climbs above $79 on speculation OPEC may cut Wednesday, 19 Nov 2014 | 9:26 AM ET

    LONDON, Nov 19- Brent crude oil climbed above $79 a barrel on Wednesday on speculation OPEC may act to stabilize prices that have fallen by almost a third in five months when it meets next week. Some smaller OPEC members want production cuts at the Nov. 27 meeting but Saudi Arabia has so far shown no indication that it will support such a move. Libya's OPEC governor,...

  • UPDATE 4-Oil steadies below $79 as market awaits OPEC Wednesday, 19 Nov 2014 | 6:52 AM ET

    *OPEC appears divided over response to oil price fall. LONDON, Nov 19- Brent crude oil steadied below $79 a barrel on Wednesday as data showed Saudi Arabia increased crude exports in September despite signs of an oversupplied market and producers appeared divided ahead of an OPEC meeting to discuss output. OPEC heavyweight Saudi Arabia has so far shown no...

  • Open up to our beer, EU to tell Japan in trade talks Wednesday, 19 Nov 2014 | 6:14 AM ET

    *EU, Japan seeking broad trade deal by end of 2015. BRUSSELS, Nov 19- Japan needs to open up its beer market to European exports if Tokyo and Brussels are to agree one of the world's biggest free trade deals next year, according to an EU document prepared for the next round of talks in December. Japan and the European Union are seeking to strike a deal at the end of 2015 but...

  • ACCRA, Nov 19- Ghana hopes to seal a provisional agreement with the IMF on financial assistance this week and aims to cut its budget deficit to 6.6 percent of GDP in 2015 from more than 9.6 percent in 2014, a senior official told Reuters ahead of Wednesday's budget. In a measure of the fiscal problems, the government has overshot initial 2014 budget deficit and...

  • On Wednesday oil benchmark Brent was down slightly at around $78.3, softening after a brief rally earlier in the week, with all eyes on an OPEC meeting next week. However, low forex market turnover of $3.6 billion on Tuesday indicated that exporters are not yet selling significant amounts, VTB Capital analyst Maxim Korovin said in a note. Alfa Bank analyst Natalia...

  • UPDATE 3-Oil slips towards $78 as market awaits OPEC Wednesday, 19 Nov 2014 | 3:34 AM ET

    *OPEC appears divided over response to oil price fall. LONDON, Nov 19- Brent crude oil slipped towards $78 a barrel on Wednesday as data showed Saudi Arabia increased crude exports in September despite signs of an oversupplied market and producers appeared divided ahead of an OPEC meeting to discuss output. OPEC heavyweight Saudi Arabia has so far shown no...

  • UPDATE 1-Brent steady below $79 as divisions in OPEC grow Wednesday, 19 Nov 2014 | 1:13 AM ET

    *OPEC divided over response to drop in oil prices. SINGAPORE, Nov 19- Brent crude held steady below $79 a barrel on Wednesday as data showed Saudi Arabia increased crude exports in September despite signs of an oversupplied market and divisions between OPEC members appeared to grow ahead of a meeting next week. "I don't think the market believes it, and even if OPEC...