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  • UPDATE 1-IMF says next Greek payment to Fund due May 6 Thursday, 30 Apr 2015 | 10:51 AM ET

    WASHINGTON, April 30- Greece's next payment to the International Monetary Fund, totaling some 200 million euros in interest payments, is due May 6 because of the May Day holiday in Greece, an IMF spokesman said on Thursday. He said the Fund did not have a "detailed" assessment of Greece's liquidity situation and hopes to get more information in the course of talks...

  • EU carbon talks next week could clinch reform deal Thursday, 30 Apr 2015 | 10:01 AM ET

    BRUSSELS, April 30- European Union talks next week could clinch a deal to shake up the world's biggest carbon market after a change of position by the Czech Republic removed a major obstacle to an early start for reforms. Months of stalemate over a start date for the reforms ended on Wednesday, when the Czech Republic broke ranks with a group of countries led by...

  • LONDON, April 30- OPEC oil supply in April has jumped to its highest in more than two years, boosted by record or near-record supplies from Iraq and Saudi Arabia, a Reuters survey showed, as key members stand firm in their focus on market share. The increase from the Organization of the Petroleum Exporting Countries puts output further above forecasts of demand for...

  • WASHINGTON, April 29- The United States will press China at upcoming bilateral talks to spell out how it will make a new Asian development bank live up to international governance standards, a senior Treasury official said on Wednesday. While Sheets said the United States welcomed the recent creation of the Beijing-led Asian Infrastructure Investment Bank,...

  • BRUSSELS/ LONDON, April 29- European Union member states reached a provisional agreement that carbon market reforms should begin on Jan. 1, 2019, at closed-door talks on Wednesday, paving the way for a further round of negotiations next month, diplomats said. Poland, whose economy relies on coal, had been leading a blocking minority opposed to making any changes...

  • UPDATE 2-Euro zone lending grows after 3 years in the red Wednesday, 29 Apr 2015 | 7:13 AM ET

    FRANKFURT, April 29- Lending in the euro zone increased for the first time in three years, the European Central Bank said on Wednesday, marking a new chapter in the bloc's recovery after the launch of a massive money-printing programme. Lending across the 19 countries in the currency union rose by 0.1 percent on the year in March, giving hope that Europe, whose...

  • KIEV, April 29- Ukraine's economy could return to growth next year and expand by 2 percent provided the separatist insurgency does not worsen and a banking crisis stabilises, the World Bank said on Wednesday. The World Bank expects Ukraine's economy to shrink 7.5 percent in 2015- in line with central bank forecasts- following a 6.8 percent contraction last year,...

  • HELSINKI, April 28- Finland's likely next prime minister proposed on Tuesday the next government keep a tough line on helping euro zone members but did not rule out further rescue fund loans for Greece if it meets the conditions. In proposals sent to other parties for comment, the Centre Party leader Juha Sipila also said the European Monetary Union should...

  • BERLIN, April 28- Talks between the European Union and United States on a transatlantic trade accord will stretch into 2016, the EU's chief negotiator said on Tuesday, adding that the discussions were about to enter a "more difficult" and "intense" stage. This year is seen as crucial in making progress on the Transatlantic Trade and Investment Partnership, with the...

  • BRUSSELS, April 28- All cars and light vans in Europe will have to be fitted with automatic emergency calling devices from April 2018 under new rules approved by European Union lawmakers on Tuesday, which could cut road deaths by 10 percent a year. Members of the European Parliament in Strasbourg approved the law on Tuesday, meaning car manufacturers such as...

  • BRUSSELS, April 28- All cars and light vans in Europe will have to be fitted with automatic emergency calling devices from April 2018 under new rules approved by European Union lawmakers on Tuesday, which could cut road deaths by 10 percent a year. Members of the European Parliament in Strasbourg approved the law on Tuesday, meaning car manufacturers such as...

  • April 28- Fair and stable oil prices will benefit producers and consumers, allowing global supply and demand to grow at a steady pace, Saudi Arabia's Oil Minister Ali al-Naimi said on Tuesday. The slide in oil prices since the middle of last year deepened after Saudi Arabia and other OPEC nations refused to cut production in November in a bid to maintain market...

  • LONDON, April 27- Greek two-year government bond yields dropped around 250 basis points on Monday after Athens reshuffled its team handling talks with European lenders and the International Monetary Fund. "The Eurogroup meeting in Riga showed Varoufakis was more or less isolated and it seems that Tsipras has understood that," said Felix Herrmann, a market...

  • Why the US won't have OPEC to kick around in 2016 Monday, 27 Apr 2015 | 6:36 AM ET
    The oil ministers of Qatar, Saudi Arabia and the United Arab Emirates attend the opening session of the Arab Energy Conference in Abu Dhabi.

    U.S. elections have long featured a familiar whipping post. Yet thanks to the energy boom, it's one that may not play a role in 2016.

  • World Bank sees Belarus's 2015 GDP falling 3.5 pct Monday, 27 Apr 2015 | 5:39 AM ET

    MINSK, April 27- The World Bank said on Monday it saw Belarus's gross domestic product contracting 3.5 percent this year, sharply revising it down from an earlier forecast of 1.8 percent growth. Next year the contraction will continue, with GDP expected to decline 1 percent, Ruslan Penkevsky, the bank's senior economist for Belarus, said at a press conference.

  • The main issue assumes that the iron ore miners and OPEC are in effective control of the markets in which they operate, or at least exercise a large degree of influence over them. There are probably members of OPEC that wish their market was more like iron ore, and vice versa. Unlike OPEC, the iron ore miners don't have a producers' group and would struggle against...

  • KUALA LUMPUR, April 26- Malaysian police have arrested 12 people linked to the militant group Islamic State and seized explosives, foiling a plan to attack several locations in and around the capital, which is hosting the ASEAN summit. Security had already been heightened in Kuala Lumpur where leaders of the Association of Southeast Asian Nations arrived on...

  • RIGA, April 25- European Union finance ministers gave strong support on Saturday to the European Commission's proposal of a capital markets union, which would boost economic growth by giving companies wider access to capital across the 28- nation bloc. Unlike in the United States, where companies rely mainly on shares or bonds to raise money for development, in...

  • ZURICH, April 25- UBS's chairman said a default by Greece is seen by the International Monetary Fund as "systemically controllable" and he believed it would have a negligible impact on the Swiss bank itself, according to a newspaper interview published on Saturday. In an interview with Neue Zuercher Zeitung, the chairman of Zurich- based UBS, Axel Weber, addressed...

  • European finance ministers meeting in Riga were told that just a quarter of the reforms recommended by the European Commission, the EU executive, have been carried out and now that the crisis is easing, the pace of reform is slowing further. Some 24 million people are out of work in the 28- member European Union, or around 10 percent of the working population and...