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  • BRUSSELS, Oct 21- Ukraine has requested an extra 2 billion euros and EU authorities will consider the loan request together with the International Monetary Fund, a European Commission spokesman said on Tuesday. "The Commission remains very committed to supporting Ukraine in line with earlier commitments," spokesman Simon O'Connor said in an emailed...

  • BRUSSELS, Oct 21- The European Union imposed sanctions on Tuesday on 12 Syrian government ministers, two senior military figures and a United Arab Emirates company it accused of helping supply oil to Syria. The EU imposed similar sanctions on Colonel Mohammed Bilal, a senior officer in the Air Force Intelligence Service of Syria, and Major-General Ghassan...

  • BRUSSELS, Oct 21- European Union antitrust regulators are set to fine JPMorgan, UBS and Credit Suisse collectively over $115 million for rigging Swiss franc LIBOR benchmark interest rates, a person familiar with the matter told Reuters. Royal Bank of Scotland alerted the European Commission to the wrongdoing and so would not be penalized for its own role in the...

  • OSLO, Oct 20- The United States and European Union want the U.N. to stress the low cost of fighting climate change in a draft handbook on the issue that it is compiling, a leaked document showed on Tuesday. The United States wants the handbook to do more to show that the costs of action "will be almost insignificant relative to projected growth," the document showed.

  • GENEVA/ WASHINGTON, Oct 20- The United States faces potential trade sanctions from Canada and Mexico after the World Trade Organization ruled on Monday it had failed to bring its meat labeling regulations fully in line with international fair trading rules. Canada and Mexico called on the United States to repeal the rules and said they were prepared to...

  • *OPEC ministers to meet in Vienna on Nov. 27. CALGARY, Alberta, Oct 20- Brent crude fell on Monday, dropping below $86 a barrel as worries about booming supply and sluggish demand pushed the global oil benchmark back toward last week's four-year low. Oil prices are down more than 25 percent since June on concern about a saturated global oil market and a gloomy economic...

  • *OPEC ministers to meet in Vienna on Nov. 27. CALGARY, Alberta, Oct 20- Brent crude fell below $86 a barrel on Monday as nagging concerns about abundant supply and sluggish demand pushed the global oil benchmark back down toward a four-year low hit last week. Oil prices are down more than 25 percent since June on concern about a saturated global oil market and a gloomy...

  • GENEVA/ WASHINGTON, Oct 20- The United States faces potential trade sanctions from Canada and Mexico after the World Trade Organization ruled on Monday it had failed to bring its meat labeling laws fully into line with international fair trading rules. The WTO said the United States had not done enough to change its labeling laws, requiring retailers such as...

  • *OPEC ministers to meet in Vienna on Nov. 27. CALGARY, Alberta, Oct 20- Brent crude resumed its decline on Monday, dropping below $86 a barrel as nagging concerns about abundant supply and sluggish demand pushed the global oil benchmark back down toward a four-year low hit last week. Oil prices are down more than 25 percent since June on concern about a saturated...

  • GENEVA, Oct 20- The United States has not done enough to change its meat labelling rules after losing a World Trade Organization challenge brought by Mexico and Canada, the WTO said on Monday. The WTO ruled in June 2012 that the U.S. meat labelling program, known as country-of-origin labelling, unfairly discriminated against Canada and Mexico because it gave less...

  • UPDATE 4-Oil slips below $86 on global oversupply Monday, 20 Oct 2014 | 7:58 AM ET

    *OPEC ministers due to meet in Vienna on Nov. 27. Abundant global oil supplies, particularly of very high quality, light oil, coupled with a gloomy economic outlook from Europe to China pushed Brent last week below $83, to its lowest since 2010. Oil prices are down more than 25 percent since June. Saudi Arabia, Kuwait and Iran have all indicated reluctance to change...

  • 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...

  • 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...

  • *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...

  • *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."