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  • BRISBANE, Australia, Nov 15- Efforts by the world's 20 major economies in boosting economic growth by a 2.1 percent target could deliver "spillovers" for smaller nations, The Australian newspaper reported on Saturday, citing a draft copy of the G20 Brisbane Action Plan. The newspaper said the draft statement promises that non-G20 economies would grow a further...

  • BRUSSELS, Nov 14- Etihad Airways secured European Union approval on Friday to acquire 49 percent of loss-making Italian airline Alitalia, the latest in a series of acquisitions made by the Abu Dhabi- based airline to expand its network around the world. For Etihad, which already has minority stakes in Air Berlin, Aer Lingus, Virgin Australia, Air Serbia and...

  • *OPEC meets on Nov. 27. LONDON, Nov 14- Oil rose to $79 a barrel on Friday having earlier hit a four-year low, supported by speculation that the prospect of even lower prices may nudge OPEC producers towards cutting output at a meeting in two weeks. The International Energy Agency, which usually refrains from predicting oil prices, said in its monthly report that...

  • *OPEC meets on Nov. 27, traders sceptical group will act. LONDON, Nov 14- Oil traded above $78 a barrel on Friday having earlier hit a four-year low, pressured by excess supply and scepticism that OPEC producers will agree to cut output when they meet in Vienna in two weeks' time. The International Energy Agency, which usually refrains from predicting oil prices, said in...

  • *Starbucks says confident will be cleared. BRUSSELS/ LONDON, Nov 14- A tax deal the Netherlands cut with Starbucks Corp may be illegal state aid, European Union regulators said on Friday, part of a crackdown on members attracting investment by helping companies to avoid tax. The European Commission said it suspects the Dutch tax ruling allows Starbucks, the...

  • LONDON, Nov 14- "As a result of the fall in demand and the rise in non- OPEC supplies, we recognised too late that oil was overpriced, that it had reached an unwarrantably high level, destroying the state of virtual equilibrium between supply and demand," the Saudi oil minister told his audience. Those words could have been spoken by the current oil minister, Ali Al-Naimi,...

  • *OPEC meets on Nov. 27, traders sceptical group will act. LONDON, Nov 14- Oil edged up from an early four-year low below $77 a barrel on Friday, when it had been pressured by excess supply and scepticism that OPEC would cut output at a meeting in two weeks. The International Energy Agency, which usually refrains from predicting oil prices, said in its monthly report that...

  • *OPEC meets on Nov. 27, traders sceptical group will act. LONDON, Nov 14- Oil sank to a four-year low below $77 a barrel on Friday, pressured by excess supply and scepticism that OPEC would cut output at a meeting in two weeks. The International Energy Agency, which typically refrains from predicting oil prices, said in its monthly report that prices could fall further...

  • *IEA sees pressure increasing on OPEC to cut output. *IEA cuts estimate of demand for OPEC oil in 2015. "Pressure on OPEC to reduce production is building, but at the time of writing there appeared to be no clear consensus on a formal supply cut ahead of its meeting in Vienna later this month," said the IEA, which represent industrialised nations.

  • UPDATE 1-WTO sees global trade pact within two weeks Friday, 14 Nov 2014 | 4:29 AM ET

    BRISBANE, Australia, Nov 14- The World Trade Organization said on Friday there was a "high probability" that a major deal on streamlining global customs rules will be implemented within two weeks after India and the United States overcame a key impasse. India and the United States settled a dispute on Thursday that had paralysed the WTO and risked derailing the...

  • *IEA sees pressure increasing on OPEC to cut output. *IEA cuts estimate of demand for OPEC oil in 2015. "Pressure on OPEC to reduce production is building, but at the time of writing there appeared to be no clear consensus on a formal supply cut ahead of its meeting in Vienna later this month," said the IEA, which represent industrialised nations.

  • WTO sees global trade pact within two weeks Friday, 14 Nov 2014 | 3:59 AM ET

    BRISBANE, Australia, Nov 14- The World Trade Organization said on Friday there was a "high probability" that a major deal on streamlining global customs rules will be implemented within two weeks after an agreement was reached between India and the United States to overcome a key impasse. "I would say that we have a high probability that the Bali package will be...

  • BRISBANE, Australia, Nov 14- The OECD said on Friday the plans of G20 nations to boost the world economy could beat their target of adding 2 percentage points to global growth by 2018, though geopolitical risks such as Ukraine and Ebola were mounting. Angel Gurria, the secretary-general of the Paris- based Organisation for Economic Co-operation and Development,...

  • *Volatility to continue ahead of Nov. 27 OPEC meeting- analyst. SINGAPORE, Nov 14- Brent crude held near a four-year low just above $77 a barrel on Friday amid concerns over excess supply and uncertainty over whether OPEC would cut output at a meeting in two weeks. "We've got a period of very heightened volatility in the lead-up to the Nov. 27 OPEC meeting," said Mark...

  • BRISBANE, Australia, Nov 14- The OECD said on Friday the plans of G20 nations to boost the world economy could beat their target of adding 2 percentage points to global growth by 2018, though geopolitical risks such as Ukraine and Ebola were mounting. Angel Gurria, the secretary-general of the Paris- based Organization for Economic Co-operation and Development...

  • *Volatility to continue ahead of Nov. 27 OPEC meeting- analyst. SINGAPORE Nov 14- Brent crude held near a four-year low below $78 a barrel on Friday amid concerns over excess supply and uncertainty over whether OPEC would cut output at a meeting in two weeks. "We've got a period of very heightened volatility in the lead-up to the Nov. 27 OPEC meeting," said Mark Keenan,...

  • *Volatility to continue ahead of Nov. 27 OPEC meeting- analyst. SINGAPORE Nov 14- Brent crude edged above $78 a barrel on Friday but remained close to a four-year low because of concern over excess supply and uncertainty over whether oil cartel OPEC would cut production at a meeting in two weeks. "We've got a period of very heightened volatility in the lead-up to the...

  • Saudi Arabia's oil minister also appeared to rule out a cut in production by the key OPEC member when the Organization of the Petroleum Exporting Countries meets in Vienna on Nov. 27 fuelling fears of oversupply. *U.S. crude for December delivery rose to 23 cents to $74.43 a barrel by 0116 GMT on Friday after dropping $2.97 in the previous session, the lowest since...

  • *Brent hits Sept 2010 low below $78, US crude below $75. The decline compounded Wednesday's losses stemming from comments by Saudi Arabia's oil minister that showed little will by the kingdom to cut output when the Organization of the Petroleum Exporting Countries meets on Nov. 27. Brent settled down $2.46, or 3.1 percent, at $77.92 a barrel, after plumbing a...

  • The U.S. government's Energy Information Administration said stocks at the Cushing, Oklahoma, delivery hub for U.S. crude rose 1.7 million barrels for the week ended Nov. 7, while gasoline stocks surged 1.8 million barrels. Even with decent numbers like these, the market can't rally, "said Kyle Cooper, managing director at IAF Advisors in Houston.