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  • *Demand for OPEC crude oil down by 200,000 bpd. *Saudi Arabia, Kuwait play down OPEC output cut possibility. The International Energy Agency said on Tuesday world oil demand growth would be much weaker than previously expected and raised questions about OPEC's willingness to rein in supplies, suggesting oil prices may drop further.

  • LONDON, Oct 14- OPEC is unlikely to call an emergency meeting as proposed by Venezuela, two OPEC sources said on Tuesday, a sign the exporter group is in no rush to discuss a collective response to the sharp drop in oil prices. But the suggestion has met with a cool response from others in OPEC, which appears split on what action if any should be taken to halt the slide.

  • *OPEC may no longer be willing to cut output. LONDON, Oct 14- Demand for oil in 2015 will grow far slower than previously forecast as global economies remain weak, the International Energy Agency said on Tuesday, and prices may extend their sharp fall so long as OPEC shows no sign of countering a supply surge. Some OPEC members whose budgets depend on oil might prefer...

  • *Demand for OPEC crude oil down by 200,000 bpd. *Saudi Arabia, Kuwait play down OPEC output cut possibility. Brent crude dropped $1.15 to $87.74, level with its intraday low on Monday which was its weakest point since December 2010, before recovering slightly to around $87.85 by 0910 GMT.

  • European court to hear German challenge to ECB QE Tuesday, 14 Oct 2014 | 1:50 AM ET
    Cityscape of Luxembourg City, Luxembourg

    Europe’ s highest appeals court plans to begin hearing arguments Tuesday morning on a suit that aims to block a European Central Bank bond-buying program, the NYT reports.

  • *Saudi Arabia, Kuwait play down possibility of OPEC output cut. SINGAPORE, Oct 14- Brent crude fell to just above $88 a barrel on Tuesday in a well-supplied market as expectations faded that OPEC could cut output in an effort to shore up prices. Investors expecting a production cut from OPEC to support prices were disappointed as Saudi Arabia and Kuwait played down...

  • Simon Johnson, economist and professor at Massachusetts Institute of Technology told a panel held on Sunday by the International Monetary Fund. "Where are the documents mandated by Congress that are supposed to show how we will handle the failure of a large global complex interconnected bank? In August the Federal Reserve and Federal Deposit Insurance Corp....

  • Russian hackers target NATO, Ukraine and others -iSight Tuesday, 14 Oct 2014 | 12:01 AM ET

    BOSTON, Oct 14- Russian hackers exploited a bug in Microsoft Windows and other software to spy on computers used by NATO, the European Union, Ukraine and companies in the energy and telecommunications sectors, according to cyber intelligence firm iSight Partners. ISight said it did not know what data had been found by the hackers, though it suspected they were...

  • Brent drops to near $88 in well-supplied oil market Monday, 13 Oct 2014 | 11:53 PM ET

    *Saudi Arabia, Kuwait play down possibility of OPEC output cut. SINGAPORE, Oct 14- Brent crude fell to just above $88 a barrel on Tuesday in a well-supplied market as expectations faded that OPEC could cut output and shore up prices. Investors expecting a production cut from OPEC to support prices were disappointed as Saudi Arabia and Kuwait played down the...

  • *OPEC unlikely to cut output to support prices- Kuwait. Kuwait's oil minister said OPEC was unlikely to cut production to support prices. OPEC ministers will meet to discuss output policy Nov. 27.

  • *Italy to complete budget plans on Wednesday. ROME/ BRUSSELS, Oct 13- Italian Prime Minister Matteo Renzi on Monday promised sweeping tax and spending cuts to help boost growth and jobs next year, as the European Commission considers whether to reject his budget plan for reducing debt too slowly. The premier announced the cuts as the European Union weighs whether...

  • LUXEMBOURG, Oct 13- France faced renewed pressure from euro zone peers on Monday to tighten spending next year, amid a growing rift over its plans to flout European budget rules. Euro zone countries are required to abide by European Union rules that limit a country's budget deficit to no more than 3 percent of gross domestic product. France, which has already been...

  • *OPEC unlikely to cut output to support prices- Kuwait. But Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, sources briefed by OPEC's biggest producer told Reuters. OPEC is due to discuss output at its next meeting Nov. 27.

  • The declines were sparked last week by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe. Earnings season will pick up this week, with results expected from Dow components Intel, Johnson& Johnson, UnitedHealth, American Express and General Electric, as well as financials Morgan Stanley, Citigroup,...

  • US STOCKS-Wall St little changed after selloff Monday, 13 Oct 2014 | 10:02 AM ET

    The benchmark S&P index slumped 3.1 percent last week to sit just above its support level, the 200- day moving average of around 1,905. The declines were sparked by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe. Earnings season will pick up this week, with results expected from Dow components...

  • The declines were sparked by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe. Earnings season will pick up this week, with results expected from Dow components Intel, Johnson& Johnson, UnitedHealth, American Express and General Electric, as well as financials Morgan Stanley, Citigroup, Bank of...

  • NEW YORK, Oct 13- U.S. stock index futures were little changed on Monday after the S&P 500 suffered its worst weekly drop since May 2012 and the Dow moved into negative territory for the year on global growth concerns. The declines were sparked by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe.

  • *OPEC unlikely to cut output to support prices- Kuwait. Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, sources briefed by OPEC's biggest producer have told Reuters. "In light of these comments, one should not expect any OPEC output cuts before the Nov. 27 meeting," said Bjarne Schieldrop, chief commodity...

  • *OPEC unlikely to cut output to support prices- Kuwait. SINGAPORE/ SEOUL, Oct 13- Global oil futures lost more than a dollar on Monday after Saudi Arabia and Kuwait signalled a willingness to bear with lower prices to defend market share, although better-than-expected trade data from China pared the losses. Contrary to market expectations, Kuwait said OPEC was...

  • *OPEC unlikely to cut output to support prices- Kuwait. SINGAPORE/ SEOUL, Oct 13- Global oil futures lost more than a dollar on Monday after Saudi Arabia and Kuwait signaled ample supplies and their willingness to bear lower prices to defend market share, although better than expected trade data from China pared oil's losses. Contrary to market expectations, OPEC...