*OPEC could trim 2015 output to 29.5 mln bpd- Badri. Many OPEC countries need oil prices above $100 a barrel in order to meet their budget needs and analysts say Saudi Arabia, OPEC's biggest producer, could cut production in an effort to support prices. Any production cut by OPEC, due to meet in November, would be the group's first since 2008..» Read More
ATHENS, June 25- President Barack Obama's administration will push the U.S. Congress to enact legislation to give European Union citizens the right to sue in the United States if they think their private data has been released or misused, the U.S attorney general said on Wednesday.
BRUSSELS, June 25- The European Union agreed on Wednesday that Japan had made enough progress towards opening its markets for the two sides to begin a sixth round of free-trade talks next month, despite some concerns over Tokyo's stance on railway procurement.
LONDON, June 25- Britain said on Wednesday it would push the European Union to improve the way it sets financial rules, promising to protect London's role as a global financial sector and demanding better assessments of the impact of new regulations.
LONDON, June 24- Multinational companies will not be given too much power by a trade agreement between the European Union and the United States, the EU's trade chief said on Tuesday, seeking to reassure consumer and environmental groups opposed to the pact.
*OPEC secretary general says no need for emergency meeting. BRUSSELS, June 24- OPEC is ready to pump extra oil in the event of any supply disruptions caused by Iraq and its biggest producer, Saudi Arabia, can ramp up to capacity if needed, oil officials said on Tuesday.
PARIS, June 24- French President Francois Hollande is urging European Union partners to launch joint initiatives to boost growth and investment at a Brussels summit starting Thursday, his office said.
LUXEMBOURG, June 23- The European Union urged Russia on Monday to back President Petro Poroshenko's peace plan for Ukraine but its threat of tougher sanctions if Moscow failed to do so appeared to only have partial support.
LUXEMBOURG, June 23- Britain's Foreign Secretary William Hague warned Russia on Monday that the European Union was ready to impose more sanctions over the crisis in Ukraine if necessary. "A lot of work has gone on on preparing wider sanctions on Russia."
PARIS, June 23- Observing the build-up to this week's European Union summit, which is due to nominate the next president of the executive European Commission and draw up a policy agenda for the next five years, is like watching a slow-motion train wreck.
MOSCOW, June 20- Russia has filed a complaint with the World Trade Organization against the United States for imposing sanctions over the Ukraine crisis, Prime Minister Dmitry Medvedev said on Friday.
ROME, June 20- Italy wants a change in European "mentality" and not looser budget rules, Prime Minister Matteo Renzi said on Friday, adding that he would propose an ambitious agenda for when Rome assumes the rotating European Union presidency next month.
LONDON, June 20- International Monetary Fund directors have tentatively approved plans to allow distressed sovereigns seeking IMF assistance to re-profile debt maturities without changing other contract terms.
WASHINGTON, June 20- The International Monetary Fund should ask private bondholders to hold onto the debt of financially distressed countries for longer, as the global lender seeks to improve its sovereign debt restructuring strategy, IMF economists said on Friday.
MOSCOW, June 20- Russia has filed a complaint with the World Trade Organisation against the United States for imposing sanctions over the Ukraine crisis, Prime Minister Dmitry Medvedev said on Friday.
WASHINGTON, June 20- The United States has information that Russia has prepared more tanks to be sent to Ukraine and has intensified talks with the European Union on possible "scalpel" sanctions against Russia's defense and high-tech industries, a senior U.S. official said.
LUXEMBOURG, June 20- The European Union will review its fiscal rules at the end of this year to see if they can be made simpler and more efficiently used to encourage growth and jobs after years of budget consolidation.
LUXEMBOURG, June 20- The European Union will review its fiscal rules at the end of this year to see if they can be made simpler and tweaked to encourage growth and jobs after years of budget consolidation. The European Commission, which has to complete the review by Dec. 14, can propose changes to the laws in reports sent to EU governments and the European Parliament.
LUXEMBOURG, June 19- The European Union could be flexible about the time members need to fix their budgets if they reform to boost growth, but it must first have proof such efforts are taking place, EU policymakers said on Thursday.
BRUSSELS, June 19- The European Union needs a strong system in the euro zone to handle big banks that get into trouble, the International Monetary Fund said on Thursday, highlighting what many experts see as the weak point of the EU's banking union.
LUXEMBOURG, June 19- The European Union fiscal rules can accommodate efforts to stimulate economic growth, so there is no need to change them, EU finance ministers and policymakers said on Thursday.