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  • EU's Barroso believes Russia/Ukraine gas deal struck Thursday, 30 Oct 2014 | 10:39 AM ET

    BRUSSELS, Oct 30- European Commission President Jose Manuel Barroso said on Thursday he believed the European Union had successfully brokered a deal on gas supplies between Russia and Ukraine. Barroso said in remarks made as he prepares to leave office on Friday that he was pleased still to be at work because "apparently we have an accord which the Commission...

  • WASHINGTON, Oct 30- The International Monetary Fund foresees large financing needs next year in the three West African countries hardest hit by the outbreak of the deadly Ebola virus. "The outlook for the Ebola-hit countries has worsened, with large financing needs likely for 2015," IMF spokesman Gerry Rice told reporters, referring to Guinea, Liberia and...

  • *Talks to unblock Russia gas supply to Kiev resume Thursday. BRUSSELS/ KIEV, Oct 30- Ukraine and the European Union have agreed that the EU's executive arm will serve as guarantor in any agreement for Russia to supply Ukraine with gas, Ukrainian Prime Minister Arseny Yatseniuk said on Thursday. EU-hosted talks to unblock deliveries of Russian gas to Ukraine will...

  • MOSCOW, Oct 30- Ukraine and Russia have failed to reach a gas agreement at their overnight talks with the European Union, with more negotiations to take place Thursday evening, the news agency RIA Novosti cited Russian Energy Minister Alexander Novak as saying. "The negotiations are not yet over, we've just finished a long discussion on documents that must be...

  • FACTBOX-Fragmented BOJ board, profile of policymakers Wednesday, 29 Oct 2014 | 5:30 PM ET

    TOKYO, Oct 30- Bank of Japan Governor Haruhiko Kuroda has been relentlessly optimistic about meeting the central bank's two-year, 2 percent inflation target, but a deeply fragmented board does not necessarily share his conviction. HARUHIKO KURODA, 70, GOVERNOR Kuroda was running the Asian Development Bank when he was handpicked by Prime Minister Shinzo Abe...

  • BRUSSELS, Oct 29- Ukraine and Russia bargained late into the night on Wednesday but European Union officials trying to broker a deal to resume gas supplies to Kiev as winter sets in said there was still no accord to announce. With Kiev and Moscow locked in conflict over pro-Russian rebellions in Ukraine and over the former Soviet state's move to bind itself...

  • *Current low oil prices do not reflect fundamentals, OPEC says. Benchmark Brent crude oil for December settled up $1.09 at $87.12 a barrel, after touching an intraday high of $87.94. "I think the numbers are supportive, and suggest there's no big surplus of oil forming in any place," said Dominick Chirichella, senior partner at the Energy Management Institute in New...

  • BERLIN, Oct 29- Finance ministers and tax chiefs from 51 countries signed an agreement on Wednesday to automatically swap tax information, which Germany's finance minister said heralded the end of tax evasion via secret bank accounts. "Let's make a joint contribution to more transparency and fairness in our globalised 21st century," Wolfgang Schaeuble told a...

  • *OPEC says fundamentals do not reflect low oil prices. Benchmark Brent crude oil for December was up $1.73 at $87.76 a barrel at 11:41 a.m. after touching an intraday high of $87.94. Crude inventories in the United States rose by 2.1 million barrels in the last week, compared with analysts' expectations for an increase of 3.4 million barrels, data from the...

  • LONDON, Oct 29- Pierre Andurand, one of the most respected and successful fund managers in the oil industry, said he believed U.S. light crude oil could fall as low as $50 per barrel. Andurand told the Oil and Money conference that he thought it unlikely that OPEC would cut production, even though current supply and demand trends suggested the market could be in a 2...

  • *OPEC fine for 2014 with average prices, sec gen says. *OPEC must be ready to pump 40 mln bpd by 2040. Oil's drop below the $100- mark, the level many OPEC members had endorsed, has raised the question of whether OPEC will cut supply when it meets in November.

  • MOSCOW, Oct 29- Russian natural gas producer Gazprom said on Wednesday it had failed to reach a deal at talks with the European Commission on the Opal gas pipeline and wants new negotiations. The European Union executive had delayed until at least the end of this month a decision on whether to allow Russia greater access to the pipeline in northeastern Germany.

  • UPDATE 4-Oil rises to $87 ahead of Fed statement Wednesday, 29 Oct 2014 | 7:40 AM ET

    *OPEC sec gen says fundamentals do not reflect low oil price. LONDON, Oct 29- Brent crude oil rose to $87 a barrel on Wednesday as traders anticipated that the Federal Reserve would keep U.S. interest rates low, putting pressure on the dollar. Brent crude for December was up 95 cents at $86.98 a barrel by 1125 GMT, after touching a high above $87.

  • *OPEC fine for 2014 with average prices, sec gen says. LONDON, Oct 29- There is no need to panic at the recent collapse in oil prices because market fundamentals have not changed much, OPEC's secretary general said on Wednesday. OPEC is reviewing the situation, "OPEC Secretary General Abdullah al-Badri said in London, where he was attending the Oil& Money conference, an...

  • *China can lower 2015 economic growth target to 7 pct- World Bank. BEIJING, Oct 29- China can cut its economic growth target to 7 percent next year without hurting its labour market, the World Bank said on Wednesday even as it urged Beijing to get rid of rigid growth objectives. At its thrice-yearly review of the Chinese economy, the World Bank warned China against...

  • BEIJING, Oct 29- China can afford to cut its 2015 economic growth target to 7 percent and still keep its labour market healthy, the World Bank said on Wednesday, even as it urged Beijing to stop setting rigid growth objectives. "Our policy message is the focus should be on reforms rather than meeting specific growth targets," Karlis Smits, a senior economist at the...

  • Tajikistan most improved in World Bank business ranks Tuesday, 28 Oct 2014 | 8:01 PM ET

    WASHINGTON, Oct 28- Tajikistan made the greatest strides in business-friendly reforms in the past year, part of an overall trend of improving business regulations across Eastern Europe and Central Asia, the World Bank said in a report released on Tuesday. In general, 85 percent of countries in Eastern Europe and Central Asia have made it easier to do business in...

  • NEW YORK, Oct 28- Russia increased its gold reserves for a sixth straight month in September, while Azerbaijan added to its holdings for a second month, according to International Monetary Fund data released on Tuesday. Russia, which has one of the world's largest gold reserves, added 37 tonnes to its reserves last month, taking the total to 1,149 tonnes, while...

  • AZERBAIJAN RAISED GOLD HOLDINGS BY 4 TONNES TO 27 TONNES IN SEPT- IMF.