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  • ISTANBUL, Feb 9- Bank of England Governor Mark Carney has urged the G20 to mount a "big push" to implement global regulatory reforms, fearing that governments may be tiring of non-stop rulemaking since the financial crisis six years ago. The G20 meeting in Turkey's financial capital this week will kick off discussions on whether there are "unintended...

  • ISTANBUL, Feb 9- The world's 20 biggest economies must focus on higher labour productivity and become more competitive and innovative if they want to deliver on a pledge to boost economic growth, the OECD said on Monday ahead of a G20 meeting. "Labour productivity remains the main driver of long-term growth," the Organisation for Economic Cooperation and...

  • Concern over the ability of the United States to sustain the global economy as most of the world slows will be high on the agenda as the Group of 20 leading economies hold talks in Istanbul on Monday and Tuesday. The meetings come as Greece casts a new shadow over Europe, cheap oil plays havoc with inflation and growth forecasts and a strengthening dollar...

  • ISTANBUL, Feb 8- World financial leaders are likely to agree on Tuesday to cut the number of actions they will take this year to boost growth to only 5-10 priorities per country to make it easier to check if they are being done, European officials said. "We support the Presidency's intention that G20 members agree on a shortlist of measures with the highest growth...

  • Concern over the ability of the United States to sustain the global economy as most of the world slows will be high on the agenda as the Group of 20 leading economies hold talks in Istanbul on Monday and Tuesday. The meetings come as Greece casts a new shadow over Europe, cheap oil plays havoc with inflation and growth forecasts and a strengthening dollar...

  • With Greece's woes casting a shadow over Europe again, cheap oil playing havoc with inflation and growth forecasts, and the strengthening dollar posing a threat to emerging market economies, the meetings come at a critical time. Turkey's Deputy Prime Minister Ali Babacan, who is in charge of the economy, has said tackling sluggish global growth and giving low...

  • LONDON, Feb 8- Meetings of G20 finance ministers and EU leaders top and tail this week with Greece's fate uppermost in policymakers' minds and global turbulence caused by diverging monetary policies and cheap oil coming a close second. Impromptu interest rate cuts have followed from India to Australia and Canada to Denmark, while China has cut bank reserve...

  • LONDON, Feb 7- Oil's dramatic price fall since mid-2014 cannot be explained by changes in production and consumption alone, with hedging and energy firms' high debt levels also playing a part, the Bank for International Settlements said on Saturday. The BIS compared oil's recent fall, which saw prices collapse to below $50 a barrel from levels of above $100, with...

  • ATHENS, Feb 7- Greek Finance Minister Yanis Varoufakis said on Saturday that he would hand his European Union counterparts next week a full plan for a new debt and reform programme.

  • Cross-border lending on the mend in the euro zone Saturday, 7 Feb 2015 | 6:00 AM ET

    DUBLIN, Feb 7- Cross-border lending is growing in the euro zone for the first time since the bloc's financial crisis prompted banks to retreat from highly indebted countries such as Spain, Greece, Ireland and Italy. The overall increase masks big differences on a country by country basis with cross-border loans to France and Italy growing by 9 percent and 4...

  • ATHENS/ BRUSSELS, Feb 6- Greece's new leftist-led government, isolated in the euro zone and under pressure from the European Central Bank, said on Friday it wanted no more bailout money with strings attached from the European Union and International Monetary Fund. The official said Greece was in effect asking for a "bridge agreement" to keep state finances...

  • *Saudi Arabian prices to Asia lowest in over a decade. LONDON, Feb 6- Brent crude oil was on track for the biggest weekly rise since 2011 as fighting in Libya and stronger economic signals from the United States helped futures rebound from near six-year lows. No sustained recovery is expected in the near term amid rising global inventories and steady OPEC supply.

  • ATHENS, Feb 6- The United States told Greece through its ambassador on Friday to work cooperatively with its European colleagues and the International Monetary Fund and that Athens needed to push ahead with reforms. "Greece should continue to make administrative and structural reforms and exercise fiscal prudence," the embassy said in a statement.

  • *Russia wants Kiev to pay off gas bill debts. *Ukraine went almost 6 months without Russia gas. RIGA, Feb 6- European Union energy boss Maros Sefcovic said on Friday the EU was looking to persuade Moscow to open new gas price negotiations with Ukraine, a step which Russia's energy minister said he was ready to take if certain conditions were met.

  • Eurogroup finance ministers will discuss how to proceed with financial support for Athens at a special session next Wednesday in preparation for talks among European Union leaders on the issue the following day. The meeting, to start at 1630 GMT in Brussels, will be a chance for the leftist-led government elected on Jan. 25 to explain how it wants to reform its...

  • IMF sees uncertainty about path of oil prices Friday, 6 Feb 2015 | 7:00 AM ET

    WASHINGTON, Feb 6- Uncertainty over the future path of oil prices could throw a wrinkle into the International Monetary Fund's predictions for the global economy, its staff said in a note on Friday. The outlook for petroleum prices, which have decreased more than 50 percent in the last seven months, is likely to form the backdrop for the ministerial meeting of the...

  • SINGAPORE, Feb 6- Crude oil prices rose more than $1 a barrel on Friday, continuing a rebound from near-six-year lows plumbed last week, although no rapid recovery is expected amid rising global inventories and steady OPEC supply. Benchmark Brent crude futures were $1.30 higher at $57.86 a barrel at 0611 GMT, after closing up $2.41 on Thursday.

  • SINGAPORE, Feb 6- Crude oil prices rose as much as $1 on Friday, continuing a rebound from near six-year lows plumbed last week, but rising global inventories and steady OPEC supply will likely cap gains. Growing numbers of OPEC delegates say they expect no rapid recovery in oil prices, even as the market shows signs of a tentative rally from near six-year lows.

  • SINGAPORE, Feb 6- U.S. crude rose as much as $1 in early Asian trade on Friday, continuing a rebound from near six-year lows plumbed last week, but rising global inventories could cap gains. U.S. crude for March delivery was up 36 cents at $51.84 by 0018 GMT, after trading as much a $1 higher earlier in the session. Top OPEC producer Saudi Arabia cut its monthly oil prices...

  • OTTAWA, Feb 5- As the Group of 20 leading economies head into ministerial talks in Turkey next week, Canada highlighted the uncertainty of the global economy and concerns over the ability of the United States to sustain global growth. A senior Canadian finance official, briefing reporters on Thursday ahead of the meeting Monday and Tuesday of finance ministers...