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  • With Europe flirting with deflation, Japan not far from recession and a slowing economy in China, the world's No. 2 economy, there are worries the recovery from the deep 2007-2009 crisis is losing traction. A copy of the draft, which was obtained by Reuters, praised the World Bank for its response to the Ebola outbreak that has killed more than 3,400 people in West...

  • With Europe flirting with deflation, Japan not far from recession and a slowing economy in China, the world's No. 2 economy, there are worries the recovery from the deep 2007-2009 crisis is losing traction. A copy of the draft, which was obtained by Reuters, praised the World Bank for its response to the Ebola outbreak that has killed more than 3,400 people in West...

  • MOSCOW, Oct 4- Iran is not ready to replace Russia as a key gas supplier if sanctions against Tehran are removed, Itar-Tass news agency quoted Iranian President Hassan Rouhani as telling Russian TV channel Rossiya 1.. The European Union is quietly increasing the urgency of a plan to import natural gas from Iran, as relations with Tehran thaw while those with top...

  • BRUSSELS, Oct 3- The European Union is seeking to contain a new complaint that a trade deal with the United States would undermine Europe's protection against dangerous chemicals, eager to avoid another front of resistance to the world's biggest trade accord. In the United States, chemicals must be shown to be harmful to be banned. Some European public safety and...

  • BRUSSELS, Oct 3- Facebook, the world's most popular social network, gained European Union clearance on Friday for its proposed $19 billion takeover of mobile messaging startup WhatsApp in a deal setting it against the telecoms industry. WhatsApp is poised to become a potentially powerful rival to companies such as Deutsche Telekom, Orange and Telecom Italia...

  • WASHINGTON, Oct 2- The global economy could be stuck on a' new mediocre' growth path with high debt and unemployment unless policymakers open up labor markets, invest in infrastructure and reform fiscal policies, the head of the International Monetary Fund warned on Thursday. Speaking after European Central Bank President Mario Draghi announced a plan to buy...

  • *Some in OPEC talk of cuts, Gulf members see winter rebound. NEW YORK, Oct 2- Global oil prices deepened a three-month rout on Thursday to hit their lowest since mid-2012, fuelled by growing concerns over weak demand, abundant supply and signs that Saudi Arabia is in no hurry to cut output. November crude settled up 28 cents at $91.01 per barrel, after earlier sinking to...

  • KIEV, Oct 2- Ukraine's military conflict with pro-Russian separatists in the industrial east will force the Kiev government to shelve hopes of resuming economic growth until 2016, the World Bank said on Thursday. The international lender said Ukraine's economy was likely to shrink by 8 percent this year and contract further in 2015 because of the effect of...

  • OPEC meets to set its oil output policy on Nov. 27. Oil has fallen from $115 in June to a 27- month low below $92 a barrel on Thursday after Saudi Arabia cut its official crude selling prices, raising concern in the market that OPEC's top producer would not reduce its output. A second source familiar with OPEC policy said while the market was weak, with supply exceeding...

  • WASHINGTON, Oct 2- The global economy could be stuck in a weak growth rut for a long time as countries struggle to pull free from a past of high debt and unemployment, the head of the International Monetary Fund said on Thursday. Central banks in the United States, Japan, the euro zone and Britain have all sharply lowered rates to boost economic growth.

  • Oil traders say OPEC may be heading for price war Thursday, 2 Oct 2014 | 11:27 AM ET

    *Traders speculate OPEC price war looming. LONDON/ DUBAI, Oct 2- Saudi Arabia's decision to slash the official selling price for its oil has sparked trader talk of an emerging OPEC price cutting war, as members of the producer group could compete to defend their market share amid ample supplies and tepid demand. Benchmark Brent crude prices continued to slide...

  • IMF's Lagarde says global recovery 'not good enough' Thursday, 2 Oct 2014 | 11:05 AM ET

    WASHINGTON, Oct 2- The global economy could be stuck in a weak growth rut for a long time as countries struggle to pull free from a past of high debt and unemployment, the head of the International Monetary Fund said on Thursday. The economic rebound is even weaker than the IMF predicted six months ago, and countries risk getting bound to a prolonged period of...

  • "I think that the next OPEC meeting will have to deal with the matter." OPEC meets to set its oil output policy on Nov. 27. A second source familiar with OPEC policy said that while the market was weak, with supply exceeding demand, it was too early for OPEC to think of joint action to bolster prices.

  • KIEV, Oct 2- Ukraine's economy is likely to shrink by 8 percent this year and contract again next year because of the effect of the separatist war in the industrialised east, the World Bank said on Thursday. The bank had previously expected Ukraine's gross domestic product would contract by 5 percent this year and then grow 2.5 percent next year.

  • UKRAINIAN WORLD BANK CHIEF REPRESENTATIVE SEES UKRAINIAN ECONOMY SHRINKING BY 8 PCT IN 2014 VERSUS PREVIOUS OUTLOOK OF 5 PCT CONTRACTION.

  • Bertrand Badre, the chief financial officer, who has pushed much of the cost-cutting, received the bonus in "recognition of his skills," according to an internal World Bank blog seen by Reuters. World Bank spokesman David Theis said the bonus was justified given Badre's experience and strong track record at the bank.

  • BRUSSELS, Oct 1- The installation of a new executive team for the European Union hit a first major obstacle on Wednesday when EU lawmakers ordered Britain's Jonathan Hill to return next week to try again to convince them he could be trusted to oversee financial services in the bloc.

  • IMF says banker bonus caps don't cut risks Wednesday, 1 Oct 2014 | 11:49 AM ET

    LONDON, Oct 1- Capping bankers' bonuses will not cut risk in the financial system, the International Monetary Fund said on Wednesday, offering Britain moral support in its legal challenge to EU curbs on pay in the financial sector. The European Union has gone further, capping banker bonuses at twice fixed salary.

  • WASHINGTON, Oct 1- Fighting the Ebola epidemic means confronting the issue of inequality, as people in poor countries have less access to knowledge and infrastructure for treating the sick and containing the deadly virus, the head of the World Bank said.

  • POLL-Oil price forecasts cut, to stay subdued in 2015 Wednesday, 1 Oct 2014 | 10:12 AM ET

    *Brent seen averaging $103.30, WTI $96.10 in 2015. Brent has averaged near $110 a barrel since 2011 but has fallen sharply since June as U.S. shale oil supplies outstripped expectations and Iraqi and Libyan production has risen despite violence and political unrest in the two OPEC members.