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  • U.S. oil's discount to Brent widens to 7-month record Thursday, 14 Nov 2013 | 10:06 AM ET

    NEW YORK, Nov 14- U.S. oil's discount to global benchmark Brent widened to a more than seven-month record on Thursday as Libyan supplies remain offline while expectations for another large build in U.S. stocks drove the price of domestic oil lower. Brent prices rose as supplies from OPEC member Libya remain offline due to protests.

  • *Stress tests show risks to Singapore banks are manageable. SINGAPORE, Nov 14- Singapore needs to narrow its huge current account surplus further and the International Monetary Fund supports the government's plans to raise public spending on infrastructure and social services, the IMF said on Thursday.

  • *Oil outages in Libya and Iraq also a worry. LONDON, Nov 14- Oil markets look well supplied in the short term but prices could rise in the next few months due to a seasonal increase in demand and production problems in some OPEC producers, the West's energy watchdog said on Thursday.

  • LONDON, Nov 13- After years of delay, the European Union on Wednesday agreed new rules which will from 2016 force insurers to hold enough capital to keep policyholders safe. Lawmakers from the European Parliament and officials from member states met in Brussels on Wednesday.

  • EU reaches deal on new capital rules for insurers Wednesday, 13 Nov 2013 | 5:50 PM ET

    LONDON, Nov 13- The European Union has reached agreement on new capital rules for insurers, a spokesman for the bloc's lawmakers said on Wednesday. Negotiations on the new rules, known as Solvency II, had dragged on for years because of disagreements over some of the finer details. The rules will force insurers to hold enough capital to keep policyholders safe.

  • EU close to deal on long-delayed insurance capital rules Wednesday, 13 Nov 2013 | 7:13 AM ET

    LONDON, Nov 13- The European Union is close to agreeing new rules which will force insurers to hold enough capital to keep policyholders safe, after years of delay. Sources in parliament and the insurance industry were hopeful of a deal as major firms like Allianz, Aviva, AXA and Generali have invested millions of euros in preparation, including on IT systems.

  • PARIS, Nov 13- Is Germany becoming more British about Europe? Negotiators have even proposed allowing Germans to vote in referendums- previously taboo- on major decisions involving enlarging the European Union, transferring more powers to Brussels or committing more money at EU level.

  • Plan to raid bank creditors could shatter Europe's calm Wednesday, 13 Nov 2013 | 5:51 AM ET

    *Germany wants rules in 2015 to push bank losses on investors. BRUSSELS, Nov 13- Market euphoria and soaring demand for European bank debt could be brought back down to earth if the European Union pushes ahead with the early introduction of rules allowing Cyprus-style raids on bank creditors and big depositors.

  • *OPEC says its output remains higher than demand. SINGAPORE, Nov 13- Brent crude edged above $106 per barrel on Wednesday, recovering some lost ground after oil was hit by speculation the U.S. Brent for December delivery was 26 cents higher at $106.07 per barrel at 0539 GMT, after settling 59 cents lower on Tuesday.

  • *OPEC says output higher than demand. SINGAPORE, Nov 13- Brent crude climbed above $106 per barrel on Wednesday, recovering some lost ground after oil was hit by speculation the U.S. Brent for December delivery was 25 cents higher at $106.06 per barrel at 0208 GMT, after settling 59 cents lower on Tuesday.

  • TEGUCIGALPA, Nov 12- Honduras' ruling party presidential candidate Juan Hernandez said on Tuesday he hoped to strike a financing deal with the IMF within six months if he were to win this month's election and would also seek to refinance the country's heavy debt burden.

  • By Leigh Thomas and Elizabeth Pineau. Nearly 6 million people under the age of 25 are without work in the European Union, with jobless rates among the young at close to 60 percent in Spain and Greece.

  • LONDON, Nov 12- The European Union is seeking to increase its influence over global accounting standards by beefing up the agency that scrutinises new rules and in certain cases tweaking how they are applied in the bloc. The book-keeping standards, the bedrock of markets, are written by the International Accounting Standards Board.

  • *Yemen in urgent need of budget support. DUBAI, Nov 12- The International Monetary Fund hopes to reach a loan deal with Yemen by the end of the year as the impoverished Gulf state urgently needs budgetary support, a senior official at the Washington- based lender said on Tuesday. A Yemen central bank official has said the loan could be worth up to $500 million.

  • *India, not China, to lead global demand growth after 2020. LONDON, Nov 12- The United States will stride past Saudi Arabia and Russia to become the world's top oil producer in 2015, the West's energy agency said, bringing Washington closer to energy self-sufficiency and reducing the need for OPEC supply.

  • EU leaders meet on youth jobs but solutions elusive Tuesday, 12 Nov 2013 | 7:40 AM ET

    *France hosts more than 20 leaders for second EU jobs meet. *No plan to move beyond steps agreed in July in Berlin. PARIS, Nov 12- Soaring youth unemployment will top the agenda when France hosts a European jobs summit on Tuesday, but leaders will eschew radical proposals to tackle a problem that risks fuelling social unrest and political extremism.

  • OPEC oil output remains higher than 2014 demand Tuesday, 12 Nov 2013 | 6:40 AM ET

    The monthly report from the Organization of the Petroleum Exporting Countries adds to signs that increasing supply from the United States, enjoying a shale energy boom, and other non- OPEC countries will weigh on OPEC's market share in 2014..

  • ALMATY, Nov 12- The International Monetary Fund its growth forecast for gas-rich Turkmenistan on Tuesday but urged the Central Asian republic to bolster reforms to sustain strong economic growth.

  • LONDON, Nov 12- The United States will stride past Saudi Arabia and Russia to become the world's top oil producer by 2016, the West's energy agency said, bringing Washington closer to energy self-sufficiency and reducing the need for OPEC supply.

  • *Budget break-even oil prices above $90/ bbl for most. DUBAI, Nov 12- The Arab world's energy exporting states are not saving enough of their oil windfall and as a group may start running a fiscal deficit in 2016 if current policies do not change, the International Monetary Fund said on Tuesday.

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