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  • *Kuwait says OPEC has no choice but to keep output steady. LONDON, March 19- Brent crude oil fell back towards $54 a barrel on Thursday after Kuwait said OPEC had no choice but to keep production steady, refocusing the market on global oversupply. Brent for May delivery was down $1.41 at $54.49 a barrel by 1421 GMT, having hit a low for the session of $54.07 and after...

  • *Kuwait says OPEC has no choice but to keep output steady. LONDON, March 19- Brent crude oil fell back below $55 a barrel on Thursday after Kuwait said OPEC had no choice but to keep production steady, refocusing the market on global oversupply as the dollar recovered from sharp losses in the previous session. Brent for May delivery was down $1.39 at $54.52 a barrel by...

  • BRUSSELS, March 19- European Union leaders look likely to keep economic sanctions on Russia in place until a Ukraine ceasefire deal is fully working, after German Chancellor Angela Merkel said on Thursday it would be wrong to ease pressure on Moscow prematurely. Merkel's comments suggest Germany will strongly encourage leaders meeting at a Brussels summit...

  • DUBAI, March 19- U.S. shale drilling may be slowing, but not fast enough for OPEC to change policy at its June meeting or to prevent oil prices maybe falling more, in the view of the group's Gulf members. At its last meeting in November, OPEC kingpin Saudi Arabia persuaded fellow members to keep production unchanged, accelerating the sharp oil price drop to a low around...

  • *Kuwait says OPEC has no choice but to keep output steady. LONDON, March 19- Brent crude oil fell back to $55 a barrel on Thursday after Kuwait said OPEC had no choice but to keep production steady, refocusing the market on global oversupply as the dollar recovered from sharp losses in the previous session. Brent for May delivery was down 77 cents at $55.14 a barrel by...

  • KUWAIT, March 19- OPEC has no choice but to keep its market share and shun oil output cuts, Kuwait's oil minister said on Thursday, reiterating the view from the emirate that the group will hold its course when it meets next in June. Many OPEC oil ministers, including Saudi Arabia's Ali al-Naimi, have defended the group's November decision not to cut production but...

  • WASHINGTON, March 18- The United States has joined forces with Japan and the European Union to pressure China on new bank cybersecurity rules that have upset foreign companies, a senior U.S. official said on Wednesday. Deputy Trade Representative Robert Holleyman said the United States would keep lobbying China to put a hold on the rules, which would force...

  • UNITED NATIONS, March 18- The United Nations said on Wednesday that Israel needs to stick with the Middle East peace process to remain a democracy after Israeli Prime Minister Benjamin Netanyahu abandoned a commitment ahead of his re-election to negotiate a Palestinian state. Palestinians seek a state in Gaza, the West Bank and East Jerusalem, lands Israel...

  • UNITED NATIONS, March 18- The United Nations said on Wednesday it expects Israel to continue with the Middle East peace process to negotiate a Palestinian state after Israeli Prime Minster Benjamin Netanyahu was re-elected on a pledge to abandon that commitment. "It is incumbent on the new Israeli Government, once formed, to create the conditions for a...

  • BERLIN, March 18- Chinese deputy finance minister Shi Yaobin has told a German newspaper his country would welcome the United States joining a new China- led Asian development bank. The United States has urged countries to think twice before signing up to the AIIB, which it sees as a rival to the World Bank, after Germany, France and Italy followed Britain in saying...

  • BERLIN, March 18- Chinese deputy finance minister Shi Yaobin has told a German newspaper his country would welcome the United States joining a new China- led Asian development bank. "We would welcome the USA joining the Asian Infrastructure Investment Bank," he said, according to an advance copy of an article due to be published in business daily Handelsblatt on...

  • UNITED NATIONS EXPECTS ISRAEL TO CONTINUE PEACE PROCESS "TO REALIZE THE VISION OF TWO STATES, ISRAEL AND PALESTINE"- SPOKESMAN.

  • *Mooted March meeting of OPEC, non- OPEC shelved- Russia. LONDON, March 18- OPEC efforts to bring non-member countries such as Russia on aboard in cutting output have made little progress, officials say, and even the chance of more Iranian exports hitting prices if sanctions end is unlikely to boost cooperation. Since the oil price collapse, top OPEC exporter Saudi...

  • BRUSSELS, March 18- European Union countries will have to share information on tax deals agreed with major corporations under European Commission plans to limit the ability of big business to avoid tax across the 28- nation bloc. The Tax Transparency Package comes after international criticism of the tax practices of Luxembourg, based on the "LuxLeaks"...

  • BIS warns of consequences of negative bond yields Wednesday, 18 Mar 2015 | 7:00 AM ET

    LONDON, March 18- The Bank for International Settlements warned on Wednesday that negative bond yields could have damaging consequences, not only for financial markets but also for the public at large. The Switzerland- based BIS, known as central bankers' central bank, said the world's financial markets had entered uncharted waters with this year's global...

  • *India, euro zone and Japan forecasts significantly higher. In a regular overview of the world economy, it confirmed its forecast of 3.1 percent growth in the U.S. economy this year and 3.0 percent next, with forecasts for India, the euro zone and Japan raised the most. "India is now expected to be the fastest-growing major economy in 2015-16, overtaking China," said...

  • ATHENS, March 18- Greek Prime Minister Alexis Tsipras will raise the country's deepening cash crunch in talks with EU leaders at this week's summit in Brussels, the government's spokesman said on Wednesday, as Athens faces running out of cash in weeks. Tsipras wants to meet German Chancellor Angela Merkel, French President Francois Hollande, European Central...

  • *Greece could run out of cash within weeks. ATHENS, March 17- Greek Prime Minister Alexis Tsipras has requested a meeting with top European leaders including German Chancellor Angela Merkel at this week's EU summit, a Greek official said on Tuesday, as Athens insisted it would not be' blackmailed' over its debt crisis. With tensions still running high, Greece...

  • By Richard Leong and Gertrude Chavez-Dreyfuss. NEW YORK, March 17- The collapse in crude oil prices may have reduced revenues of oil exporters, but it has not soured their appetite for U.S. government debt. With the dollar hovering near a 12- year peak against a basket of currencies, OPEC and oil exporters are hedging the drop in their oil income from profits on a...

  • BERLIN/ WASHINGTON, March 17 (Reuters)- The United States urged countries on Tuesday to think twice about signing up to a new China- led Asian development bank that Washington sees as a rival to the World Bank after Germany, France and Italy followed Britain in saying they would join. The concerted move by U.S. allies to participate in Beijing's flagship economic...