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  • SINGAPORE, Nov 21- Brent briefly touched $80 a barrel on Friday on speculation OPEC could agree to output cuts at its meeting next week, with strong U.S. economic data also bolstering oil prices. Libya, Ecuador and Venezuela earlier called for OPEC to cut production. Iran urged fellow OPEC members to shore up oil prices while saying a reduction in output was...

  • NEW YORK/ SINGAPORE, Nov 20- Ukraine slashed its gold reserves by more than a third in October, data from the International Monetary Fund showed, as the near-bankrupt country reels from fighting a pro-Russian separatist movement in the east. Ukraine ended last month with 26 tonnes of gold, down by 14 tonnes from September, while Russia added another 18.9 tonnes,...

  • NEW YORK, Nov 20- Ukraine slashed its gold reserves by more than a third in October, while Russia increased its reserves for a seventh straight month, according to International Monetary Fund data released on Thursday. Ukraine ended last month with 26 tonnes of gold, down by 14 tonnes from September, while Russia, which has one of the world's largest bullion...

  • NEW YORK, Nov 20- Ukraine slashed its gold reserves by more than a third in October, while Russia increased its reserves for a sixth straight month, according to International Monetary Fund data released on Thursday. Ukraine ended last month with 26 tonnes of gold, down by 14 tonnes from September, while Russia, which has one of the world's largest bullion reserves,...

  • CARACAS, Nov 20- Venezuela would be willing to cut its own oil production if OPEC decides to limit output when it meets on Nov. 27, Foreign Minister Rafael Ramirez said on Thursday. Ramirez, who serves as Venezuela's representative to the group, just returned from a trip to OPEC and non- OPEC countries Mexico, Iran, Algeria, Qatar, and Russia to shore up support.

  • AMARI, Estonia/ LONDON, Nov 20- NATO warplanes have had to scramble 400 times this year in response to an increase in Russian air activity around Europe not seen since the Cold War, the alliance's chief said on Thursday. "This pattern is risky and unjustified, so NATO remains vigilant. "From a NATO perspective, we are going about our legitimate business in...

  • *Speculation of potential OPEC output cut on Nov. 27. NEW YORK, Nov 20- Oil rose on Thursday after three straight days of losses as strong U.S. economic data bolstered crude markets but focus remained on whether OPEC will cut enough output to end a five-month long selloff when it meets next week. On the OPEC front, chances have risen in recent days that the Organization...

  • The rouble was also supported by a firming oil price, with Brent crude gaining to $78.8 per barrel as markets weighed the possibility of OPEC cutting production at a key meeting on Nov. 27. "If OPEC takes a decision to reduce volumes this will have a notable impact on the rouble, but for the time being it will probably trade sideways," Grand Capital analyst Sergei...

  • *PM says Serbia to provide "normal life" to its citizens. BELGRADE, Nov 20- Serbia agreed a three-year precautionary loan deal with the International Monetary Fund on Thursday worth around 1 billion euros, ending months of uncertainty that had weighed on the dinar currency. Serbian Finance Minister Dusan Vujovic said he expected it to enter into force from Jan. 1.

  • BELGRADE, Nov 20- A new precautionary loan deal between Serbia and the International Monetary Fund, agreed on Thursday, will take effect as of Jan. 1, 2015, Serbian Finance Minister Dusan Vujovic said.

  • UPDATE 5-Oil steadies above $78 as market awaits OPEC Thursday, 20 Nov 2014 | 8:42 AM ET

    *OPEC will cut production to 30 mln bpd target- Libyan official. *China flash PMI factory output contracts in Nov- HSBC survey. LONDON, Nov 20- Brent crude oil steadied above $78 a barrel on Thursday as reports that oil producers would agree to cut output next week offset weak economic data from China and Europe.

  • BRUSSELS/ LONDON, Nov 20- Britain's relations with the European Union took another knock on Thursday when its legal challenge to a limit on bankers' bonuses was rejected by an adviser to the bloc's top court. Britain, home to the City of London where most of the bankers hit by the cap are based, said the law would push up fixed pay and goes beyond the EU's powers, a...

  • Russia has little to offer in oil price war Thursday, 20 Nov 2014 | 6:53 AM ET

    *Russia needs oil price of $100 to balance budget. MOSCOW, Nov 20- Russia can do little to shore up slumping global prices even if OPEC wants it to. Before next week's meeting of OPEC, Russia has already spoken to group member Venezuela about the need to "coordinate actions in defence" of oil prices and it plans to send a high-ranking delegation to press the message.

  • BRUSSELS/ LONDON, Nov 20- Britain's relations with the European Union took another knock on Thursday when its legal challenge to a limit on bankers' bonuses was rejected by an adviser to the bloc's top court. Britain, home of Europe's largest financial centre, said the law will push up fixed pay and goes beyond the EU's treaty powers, a sensitive subject at a time of...

  • *OPEC will cut production to 30 m bpd target- Libyan official. LONDON, Nov 20- Brent crude oil fell below $78 a barrel on Thursday, as the demand outlook was hit by weak economic data in China and Europe, outweighing support from possible cuts in oil output at an OPEC meeting next week. "We've had disappointing data from China and Europe, and U.S. crude inventories are high,...

  • *Says will raise matter with Saudi Arabia at OPEC. *OPEC meets Nov. 27 in Vienna. Zanganeh said he will talk with top oil exporter Saudi Arabia about market share when OPEC meets next week, IRNA said on Thursday.

  • *Oil minister says Iran will not reduce its market share. *OPEC meets Nov. 27 in Vienna. DUBAI, Nov 20- Iran's oil minister said he will talk with top oil exporter Saudi Arabia about market share when OPEC meets next week in Vienna, as Tehran plans for the possible end of sanctions and unfettered crude exports.

  • *Serbia seeking precautionary loan deal. BELGRADE, Nov 20- Serbia said on Thursday it had reached agreement with the International Monetary Fund on a new loan deal designed to reassure investors after months of uncertainty. Serbia has been seeking a precautionary loan deal to replace a previous arrangement frozen by the lender in early 2012 over broken...

  • *OPEC will cut production to 30 m bpd target- Libyan official. SINGAPORE, Nov 20- Brent crude held above $78 a barrel on Thursday as the market waited for news on possible cuts in oil output ahead of an OPEC meeting next week. According to Samir Kamal, Libya's OPEC governor and head of planning at the Libyan oil ministry, ministers from the oil producers' cartel will...

  • *OPEC will cut production to 30 m bpd target- Libyan official. SINGAPORE, Nov 20- Brent crude held above $78 a barrel on Thursday as the market waited for news on possible cuts in oil output ahead of next week's OPEC meeting. According to Samir Kamal, Libya's OPEC governor and head of planning at the Libyan oil ministry, ministers from the oil producers' cartel will...