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  • *Nigeria plans OPEC emergency meeting if selloff doesn't stop- FT. NEW YORK, Feb 23- Crude oil futures fell more than 2 percent on Monday as investors worried about oversupply and a strong dollar, but heating oil futures jumped 5 percent due to operational problems at major U.S. refineries. Crude was down for almost the whole trading session, rising briefly after the...

  • BRUSSELS— The European Union opened an in-depth probe of General Electric's $14.1 billion takeover of the power division of French company Alstom on Monday fearing higher prices and less choice. In international business, the European Commission wields major power since its rejection of a multinational deal has thwarted mergers and takeovers in the past,...

  • NEW YORK, Feb 23- Nigeria will call an extraordinary meeting of OPEC if crude oil prices slip any further, the country's oil minister said in an interview with the Financial Times, in a sign of growing alarm over the impact of oil's collapse on oil-producing economies. As OPEC president, she is responsible for liaising with member countries and the producer...

  • WASHINGTON, Feb 23- The International Monetary Fund on Monday signed off on a three-year, 1.2 billion euro loan program for Serbia to help the eastern European country restore its financial health and reassure investors. The IMF said Serbia plans to treat the funds as precautionary, as it seeks to deal with a ballooning deficit and public debt since the onset of...

  • EU investment bank chief: red tape scaring investors Monday, 23 Feb 2015 | 8:01 AM ET

    BRUSSELS— The head of the European Investment Bank says that private investors are discouraged from putting money into major European Union infrastructure projects because of red tape and lack of budgetary reform. Werner Hoyer said Monday that when he asks potential investors what is scaring them off "they come with regulation, and they come with...

  • The downside of deal keeping Greece in the euro zone Saturday, 21 Feb 2015 | 3:06 PM ET
    The national flag of Greece and the flag of the European Union fly above a government building on January 23, 2015 in Athens.

    The deal made late Friday lifted the threat of bankruptcy hanging over Greece, but also committed it to honor tough fiscal targets.

  • Athens clinched a last-minute deal late on Friday to avoid a banking collapse by accepting a conditional extension of its bailout programme. If the European Commission, the European Central Bank and the International Monetary Fund are satisfied, the Eurogroup is likely to endorse the list in a teleconference without the need for a formal meeting.

  • BRUSSELS, Feb 20- Euro zone finance ministers reached an agreement on Friday to extend heavily indebted Greece's financial rescue by four months, officials on both sides said. An agreement removes the immediate risk of Greece running out of money next month and possibly being forced out of the single currency area. European Union paymaster Germany, Greece's...

  • BERLIN— The World Health Organization said Friday it has approved a quick test for Ebola that will dramatically cut the time it takes to determine— with reasonable accuracy— whether someone is infected with the deadly virus. The ReEBOV Antigen Rapid Test Kit, made by Colorado- based Corgenix, met sufficient quality, safety and performance requirements to allow...

  • BRUSSELS, Feb 20- The European Union will consider "reframing" energy relations with Russia based on market conditions when the time is right and for now will focus on its strategic gas partnership with Ukraine, a draft document shows. Russia's long-standing energy relations with the EU and Ukraine, the main transit route for Russian gas to the EU, have...

  • Feb 20- The following are extracts from the 15 action points from the European Commission's draft energy union strategy, expected to be published officially next week. 1. Full implementation and strict enforcement of existing energy and related legislation is the first priority to establish the energy union. The Commission will prepare a comprehensive...

  • *Greece could run out of money by end of March. BRUSSELS/ ATHENS, Feb 20- European Union paymaster Germany softened its tone on Friday as euro zone finance ministers raced to break a deadlock over Athens' debts. "We have covered four fifths of the distance, they also need to cover one fifth," the official said, adding Greece wanted to clinch a deal on Friday, but that it would...

  • BRUSSELS, Feb 20- The European Union will consider "reframing" energy relations based on market conditions with Russia when the time is right and for now is focusing on building a strategic gas partnership with Ukraine, a draft document shows. Russia's long-standing gas relations with the EU and Ukraine, the main transit route for Russian gas to the EU, have...

  • TBILISI, Feb 19- Georgia's central bank sold $40 million in foreign currency on Thursday to support the weakening lari currency, and the government said it planned to ask the International Monetary Fund for more financial aid. It was the bank's second attempt this year to support the currency after it sold $40 million on Feb. 11, the same day that it raised its...

  • WASHINGTON, Feb 19- The International Monetary Fund on Thursday said it is confident Ukraine should get an overall $40 billion financing package to support its economy, without providing details about the breakdown of funds. The IMF last week said its staff had reached an agreement with the Ukraine government on a new economic program with about $17.5 billion...

  • WASHINGTON, Feb 19- All parties involved in the debt negotiations between Greece and its European partners are trying to minimize risks to financial stability, a spokesman for the International Monetary Fund said on Thursday. Some outside observers have warned that Greece could run out of cash and be forced to exit the euro zone if it did not agree on a six-month...

  • KIEV, Ukraine— Ukraine's finance minister rejects the notion that the country's Western bailout lenders might waver in their support in coming years as the bill for rescuing states in the region— including Greece— creeps higher. So even though the European Union and the International Monetary Fund are involved in aiding several countries at once, there is no...

  • CHISINAU, Moldova— Moldova's government is trying to stabilize the country's currency, which plummeted 25 percent this week amid concerns over the financial and political system. In his first Cabinet meeting, Prime Minister Chiril Gaburici said Moldova should begin talks with the International Monetary Fund. Gaburici has appointed French-born Stephane...

  • UPDATE 1-OECD raises Italy 2015 GDP forecast to 0.6 pct Thursday, 19 Feb 2015 | 8:12 AM ET

    *Warns market sentiment could turn on Italy. Italy has not posted a single quarter of growth since the middle of 2011.. The 114- page report on Italy's economy contained a 2015 growth forecast of 0.4 percent, but the OECD's head Angel Gurria told reporters at a presentation that the most recent developments had prompted an upward revision.

  • DIARY-Emerging Markets Economic Events to March 4 Wednesday, 18 Feb 2015 | 7:02 PM ET

    ROME- OECD Secretary General Angel Gurria will present the Economic Survey of Italy at a news conference with Economy Minister and Finance Minister Pier Carlo Padoan. SINGAPORE- Singapore Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam will deliver the 2015 Budget statement in the Parliament- 0500 GMT. JERUSALEM- Bank of Israel announces...