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  • WASHINGTON, Oct 8- Recent declines in the yen are due largely to the dollar's strength and are not unexpectedly big when measured on a real, effective basis, a senior International Monetary Fund official said on Wednesday. "What's happening now is dollar strengthening. The U.S. economic outlook is quite favorable, "IMF Deputy Managing Director Naoyuki Shinohara...

  • Guinea, Liberia and Sierra Leone have been hardest hit by the disease, and cases have been reported in Senegal and Nigeria. On Wednesday, the World Health Organization said Ebola had claimed the lives of 3,879 people from among 8,033 confirmed, probable and suspected cases since it was identified in Guinea in March. Nabarro praised the United States, Britain, the...

  • QUITO, Oct 8- Ecuador's Oil Minister Pedro Merizalde told Reuters on Wednesday that current oil prices are normal given an increase in U.S. production, and that they should be discussed at the OPEC meeting in late November.

  • DUBAI/ BRUSSELS, Oct 8- The top diplomats of the United States, Iran and the European Union will meet in Vienna next week, accelerating efforts to clinch a long-elusive deal to end a dispute over Tehran's nuclear program by a Nov. 24 deadline. Iran and the world powers- the United States, France, Germany, China, Russia and Britain- have held a series of meetings since early...

  • BRUSSELS, Oct 8- China and the European Union are closing in on a deal to resolve a long-running telecoms dispute by the end of the month, people close to the matter say, potentially putting an end to one of the most divisive issues between the two big trade partners. Beijing is considering a deal in which China promises to limit its export credits to China's No. 2...

  • *Austria has threatened legal action. BRUSSELS, Oct 8- A British plan to guarantee the price of power from its first new nuclear project in decades won European Union backing in a landmark ruling on Wednesday that threatens to trigger legal challenges. The ruling clears the way for the 16- billion-pound Hinkley Point nuclear power station in southwest England...

  • Central banks cut their euro holdings in the second quarter, in the largest drop in almost two years, according to figures from the International Monetary Fund last week, and analysts estimate their sales at around $40 billion worth when adjusted for exchange rate and valuation effects. Since the European Central Bank cut the interest rate on deposits at the...

  • But data and forecasts from China, Spain and Germany all supported the picture painted by the International Monetary Fund on Tuesday: a world economy struggling to end a cycle of low growth and financial trauma it has been stuck in since 2008.. Japan's Nikkei index lost 1.2 percent and Asian shares outside Japan fell by a full percentage point.

  • KIEV, Oct 8- Kiev may appeal to the Stockholm court of arbitration to fix a temporary price for Russian gas and conditions for deliveries to Ukraine if an interim gas deal is not reached soon with Russia, Ukrainian Prime Minister Arseny Yatseniuk said on Wednesday. The European Union is trying to broker a deal to resolve a standoff between the two countries after...

  • LONDON, Oct 8- Copper steadied on Wednesday as the dollar lost momentum yet the metal remained near five-month lows on concerns about economic growth in China and Europe. The International Monetary Fund on Tuesday cut its global growth forecasts for a third time this year while data showed German industrial output in August in its biggest fall since the...

  • OECD SEES WEAKENING GROWTH IN EURO AREA, STABLE FOR OTHER MAJOR ECONOMIES.

  • PARIS, Oct 8- Most major world economies are continuing to show stable growth momentum, but within the euro zone Germany and Italy are losing steam, the OECD said on Wednesday. The figures from the Paris- based Organisation for Economic Cooperation and Development added to a range of recent surveys which pointed to weakness in the euro area and came a day after the...

  • Iran aims for tempting new oil contracts soon Wednesday, 8 Oct 2014 | 5:57 AM ET

    Iran wants Western oil companies to revive its giant, ageing oilfields and develop new oil and gas projects and has been preparing a new investment model for oil contracts as part of its drive to win back Western business. The OPEC producer is in talks with six Western powers to reach a deal to limit Tehran's nuclear programme- which could end sanctions on oil...

  • Spain posted the weakest industrial output growth for almost a year early in European trading, but the dominant focus for markets remained an International Monetary Fund report from Tuesday that flagged the risk of deflation and the euro zone entering an outright recession in 2015.. That followed data from Germany showing industrial output in the euro...

  • LONDON, Oct 8- Brent crude oil dipped below $91 a barrel on Wednesday to its lowest since June 2012 as lower economic growth forecasts raised new concerns about global oil demand at a time of abundant supply. The International Monetary Fund on Tuesday cut its global economic growth forecasts for the third time this year, warning of weaker growth in core euro zone...

  • GLOBAL MARKETS-Growth worries grip stocks, oil Wednesday, 8 Oct 2014 | 4:33 AM ET

    LONDON, Oct 8- European stock markets fell for a second day on Wednesday, pushing world share indexes back towards their lowest in six months as concern mounts over the strength of global economic growth. Forecasts from the International Monetary Fund on Tuesday added to the sense that the world economy is still struggling to break out of the cycle of lower...

  • Hong Kong shares fall along with global markets Wednesday, 8 Oct 2014 | 4:17 AM ET

    SHANGHAI, Oct 8- Hong Kong's benchmark shares fell 0.7 percent on Wednesday, following overseas markets lower after the International Monetary Fund cut its global economic growth forecast. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong also lost 0.7 percent. Some blue chips were among the biggest drags on the Hong Kong...

  • *Brent drops as low as $90.76/ bbl, WTI hits $87.39/ bbl. The International Monetary Fund on Tuesday cut its global economic growth forecasts for the third time this year, warning of weaker growth in core eurozone countries, Japan and big emerging markets like Brazil. Brent for November delivery fell $1.18 to $90.93 by 0426 GMT, after hitting $90.76 earlier in the...

  • SINGAPORE, Oct 8- Brent crude futures fell to just above $91 a barrel on Wednesday, holding to a months-long tumble in prices as lower economic growth forecasts raised new concerns about global oil demand amid rising U.S. inventory levels. The International Monetary Fund on Tuesday cut its global economic growth forecasts for the third time this year, warning of...

  • *China demand eyed going into fourth quarter. *ShFE zinc hits 1- month high; low China stocks support. The International Monetary Fund cut its global economic growth forecasts for the third time this year on Tuesday, warning of weaker growth in core euro zone countries, Japan and big emerging markets like Brazil.