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  • CARACAS, March 16- Venezuela said on Monday it has paid off its 1 billion euro Global 2015 bond, the first foreign debt maturity in a year of heavy bond payments that have stretched the OPEC nation's coffers amid a period of low oil prices. "Venezuela in 2015 will continue, despite lower oil prices... to fulfill its international obligations, one by one," he said in a...

  • OPEC comes cleaner on how much oil its members pump Monday, 16 Mar 2015 | 1:09 PM ET

    *OPEC output data converges with outside estimates. LONDON, March 16- OPEC members' own versions of their oil output were for years greeted with such scepticism that the group resorted to publishing what others thought they were producing. That gave rise to a mini-industry of OPEC watchers, tapping secretive sources to track every barrel.

  • MINSK, March 16- The head of the International Monetary Fund to Belarus said on Monday he expected the Belarussian economy to contract by 2 percent in 2015 compared to the Fund's earlier forecast of 1.5 percent. The former Soviet republic's economy has been battered by a plunge in the Russian rouble and the conflict in Ukraine. The Belarussian government...

  • IMF SAYS BELARUS ECONOMY EXPECTED TO CONTRACT BY 2 PERCENT IN 2015.

  • But in a monthly report on Monday, OPEC left its forecast for non- OPEC supply this year unchanged and said output of U.S. OPEC holds its next meeting in June and comments from OPEC officials so far suggest it will not adjust its output policy at the meeting as it waits for the strategy to take effect. In last month's report, OPEC had sharply increased the 2015 forecast...

  • NEW DELHI, March 16- Greece needs to implement structural reforms, International Monetary Fund Managing Director Christine Lagarde said on Monday, echoing other international creditors who have urged Athens to implement reforms to secure urgently needed funds. Although Athens has been granted a four-month extension to the bailout deal, the Feb. 20 accord...

  • NEW DELHI, March 16- The global recovery is "too slow, too brittle and too lopsided", the head of the International Monetary Fund said in India on Monday, describing Asia's third-largest economy as a rare bright spot on a cloudy global horizon. In a speech in New Delhi, IMF Managing Director Christine Lagarde said that monetary policy in the world's leading economies...

  • NEW DELHI, March 16- India's economy is a bright spot in a cloudy global economy, with recent policy reforms and improved business confidence set to boost growth, the head of the International Monetary Fund said on Monday. Speaking in New Delhi, IMF Managing Director Christine Lagarde welcomed the government's latest budget as "a step in the right direction", and...

  • NEW DELHI, March 16- The global economic recovery remains "too slow, too brittle and too lopsided", the head of the International Monetary Fund said on Monday, singling out the risk of financial market volatility arising from divergence in monetary policy among leading central banks. The first of those was what Lagarde called "asynchronous monetary policy" in...

  • NEW DELHI, March 16- India's economy is a bright spot on a cloudy global economy, with recent policy reforms and improved business confidence set to boost growth, the head of the International Monetary Fund said on Monday. Speaking in New Delhi, IMF Managing Director Christine Lagarde welcomed the government's latest budget as "a step in the right direction", and...

  • NEW DELHI, March 16- The global economic recovery remains "too slow, too brittle and too lopsided", the head of the International Monetary Fund said on Monday, singling out divergences in monetary policy as a risk that could cause financial market volatility. Christine Lagarde reiterated the IMF's forecast that, more than six years after the global financial...

  • NEW DELHI, March 16- India is better positioned to cope with external financial shocks than most emerging market economies, International Monetary Fund head Christine Lagarde was quoted saying on Monday, just ahead of a of a crunch meeting of the U.S. Now, Lagarde said in an interview with the Times of India before a two-day visit, India is in better shape.

  • *Number of boats arriving in Italy jumps 43 percent. BRUSSELS, March 13- European Union foreign ministers will on Monday consider helping set up camps in the Middle East and Africa where people can request asylum on site without having to risk their lives crossing the Mediterranean to reach Europe, officials said. "The idea is to establish camps in Africa, on the...

  • *ECB QE purchases buoy downtrodden inflation-proof bonds. LONDON, March 13- Euro zone inflation-linked bonds could be big winners in a currency war that has accelerated this week with the start of the European Central Bank's 1 trillion euro money-printing scheme. Investors are emboldened by developments in the Japanese market, where inflation-linked bonds...

  • EU considers foreign camps to handle asylum seekers Friday, 13 Mar 2015 | 12:16 PM ET

    BRUSSELS, March 13- European Union foreign ministers will on Monday consider helping set up camps in the Middle East and Africa where people can request asylum on site without having to risk their lives crossing the Mediterranean to reach Europe, officials said. At least 3,500 people, many of them fleeing poverty and fighting, died trying to make the journey in...

  • *Iran sanctions may end by June, bringing more crude to market. A weaker U.S. stock market also weighed on oil, adding to worries in earlier trade of Iran reaching a partial nuclear deal with world powers by end March and a full agreement by June that would end sanctions against the OPEC nation and flood the market with even more crude exports. Brent crude fell $1.12, or...

  • *Talks could bring an end to sanctions on Iran. LONDON, March 13- Oil fell towards $56 a barrel on Friday after the International Energy Agency said that a global oil glut is building and U.S. oil production shows no signs of slowing. While OPEC output declined in February, global supply was up by 1.3 million barrels per day year on year at 94 million bpd, led by a 1.4...

  • *Talks could bring an end to sanctions on Iran. LONDON, March 13- Oil fell below $57 a barrel on Friday after the International Energy Agency said that a global oil glut is building and U.S. oil production shows no signs of slowing. While OPEC output declined in February, global supply was up by 1.3 million barrels per day year on year at 94 million bpd, led by a 1.4 million...

  • TOKYO, March 13- The president of the World Bank said on Friday he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank, a day after Britain became the first Western nation to embrace the institution. The AIIB was launched in Beijing last year and was seen as a rival to the Western-dominated World and Asian Development Bank.

  • TOKYO, March 13- The president of the World Bank said on Friday he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank, a day after Britain became the first Western nation to embrace the institution. The AIIB was launched in Beijing last year and was seen as a rival to the Western-dominated World and Asian Development Bank.