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  • *IMF cuts forecasts for euro zone, Japan, Brazil. WASHINGTON, Oct 7- The International Monetary Fund cut its global economic growth forecasts for the third time this year on Tuesday, warning of weaker growth in core euro zone countries, Japan and big emerging markets like Brazil. In its flagship World Economic Outlook report, the Washington- based lender cut its...

  • *Rio jumps after rejects merger approach by Glencore. LONDON, Oct 7- European shares dropped to a 1 1/ 2- month low on Tuesday as the International Monetary Fund cut its growth estimates for the euro zone's three largest economies and German industrial output data came in lower than expected. Market bets on a European economic recovery faded as the IMF downgraded...

  • Oct 7- The U.S. Energy Information Administration trimmed its forecast of world oil demand growth next year and made even deeper cuts in its outlook for OPEC production, the latest signs of a shift toward surplus supplies next year. On the backdrop of weakening demand, the agency curbed its forecasts for OPEC oil and other liquid fuels production to 35.51 million...

  • WASHINGTON, Oct 7- The European Central Bank's purchases of asset-backed securities could help address the problem of weak lending to small and medium-sized firms in the euro zone, the IMF's chief economist said. "We think that... a good, healthy market would be useful," Olivier Blanchard said at a press conference on Tuesday. ECB President Mario Draghi outlined last...

  • BERLIN, Oct 7- German industrial output in August plunged at its steepest rate since the height of the financial crisis, data showed on Tuesday, while the International Monetary Fund cut its German growth forecast. Combined with Monday's tumbling industrial orders, the news raised further concern that Europe's largest economy is running out of steam.

  • TOKYO, Oct 7- Japan must raise its sales tax again next year as scheduled, the International Monetary Fund said, even as it sharply cut its economic forecasts for the country and warned that the higher levy will take a toll on domestic demand. The Bank of Japan should ease monetary policy further if inflation stalls or economic growth disappoints, though such...

  • IMF cuts growth outlook, warns on euro zone, Japan Tuesday, 7 Oct 2014 | 9:00 AM ET

    WASHINGTON, Oct 7- The International Monetary Fund cut its global economic growth forecasts for the third time this year on Tuesday, warning of weaker growth in core euro zone countries, Japan and big emerging markets like Brazil. The Fund's gloomy projections will set the stage for the gathering of the world's top economic policymakers in Washington this week,...

  • BRASILIA, Oct 7- The Brazilian economy will likely have a mild recovery next year as electoral uncertainty fades, but still lag regional peer Mexico that should grow faster after a series of economic reforms, the International Monetary Fund said on Tuesday. The global lender cut its growth forecast for Latin America's largest economy by 0.6 percentage point to...

  • LONDON, Oct 7- A second day of grim German data and expectations for a cut in the International Monetary Fund's growth forecasts spooked European assets on Tuesday, as the recent spell of global financial market volatility continued. "Industrial production is currently going through a weak phase," Germany's Economy Ministry said in a statement.

  • UPDATE 1-EU abandons 'dirty' label for tar sands oil Tuesday, 7 Oct 2014 | 7:24 AM ET

    *Canada lobbied against previous labelling proposal. BRUSSELS, Oct 7- A European Union plan to label tar sands oil as highly polluting in its fight against climate change has been abandoned after years of opposition led by major producer Canada. A proposal published by the European Commission on Tuesday removes an obstacle to Canada exporting tar sands crude...

  • They say a long-anticipated fundamental shift in the market may now be under way, ending a four-year stretch when $100- plus prices were the norm, and opening a new era in which OPEC restraint once again becomes paramount. Even output in trouble spots like Libya and Iraq is rising after years of insurrection-led losses. Some analysts say it is too early to tell if...

  • DIARY - Top Economic Events to Oct 20 Monday, 6 Oct 2014 | 8:01 PM ET

    NEW YORK- World Business Forum in New York. Treasury Secretary Jack Lew talks about the global economy and the recent G20 finance ministers meeting in a discussion sponsored by the Peterson Institute- 1245 GMT. ALBUQUERQUE- Federal Reserve Bank of Kansas City President Esther George speaks on the U.S. economy before an economic forum hosted by the Federal...

  • *EU expects Russia- Ukraine gas deal this month. MILAN, Oct 6- Europe's top energy official said on Monday he expected an interim gas deal between Russia and Ukraine to be completed this month, enabling Russian gas deliveries to Ukraine this winter and curbing the threat of cuts to Europe. The European Union is trying to broker a deal to resolve a stand-off after...

  • LONDON, Oct 6- The International Monetary Fund on Monday urged a rethink of how sovereign bonds should be structured to avoid future debt restructurings turning into a repeat of Argentina's disruptive court battle with a few disgruntled creditors. This follows a ruling by a U.S. court that two hedge funds not party to Argentina's debt restructuring were...

  • LONDON, Oct 6- Brent crude oil steadied above $92 a barrel on Monday after a week of sharp falls, as strong U.S. employment data and a rally in global stock markets pointed to stronger economic growth and higher demand for fuel. "It is no surprise to see the price stabilising after the massive sell-offs last week, but we won't see a hard price floor until OPEC indicates...

  • LONDON, Oct 6- Brent crude oil rose towards $93 a barrel on Monday after a week of sharp falls, as strong U.S. employment data and a rally in global stock markets pointed to stronger economic growth and higher demand for fuel. "It is no surprise to see the price stabilizing after the massive sell-offs last week, but we won't see a hard price floor until OPEC indicates...

  • LONDON, Oct 6- Brent crude oil steadied above $92 a barrel on Monday after a week of sharp falls, as strong U.S. employment data and a rally in Asian and European stock markets checked a downward trend. "It is no surprise to see the price stabilizing after the massive sell-offs last week, but we won't see a hard price floor until OPEC indicates that it will cut production,"...

  • DUBAI, Oct 6- The Yemeni government's deal with Houthi rebels is broadly in line with conditions of a loan provided by the International Monetary Fund, despite the rollback of some subsidy cuts, IMF managing director Christine Lagarde was quoted as saying. The IMF agreed in July to provide a $553 million loan to Yemen over the next three years after the government...

  • *World Bank cuts China 2014 growth forecast to 7.4 pct. *2015, 2016 forecasts for China, developing EAP also lowered. SINGAPORE, Oct 6- The World Bank cut its 2014-2016 growth forecasts for developing East Asia, noting that China was likely to slow due to policies aimed at putting the economy on a more sustainable footing, and it also cautioned of capital-flight...

  • *World Bank cuts China 2014 growth forecast to 7.4 pct. *2015, 2016 forecasts for China, developing EAP also lowered. SINGAPORE, Oct 6- The World Bank cut its 2014-2016 growth forecasts for developing East Asia and China, and cautioned of capital-flight risks to Indonesia while growth in China is seen slowing due to policy measures aimed at putting the economy on a...