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  • "Time is on our side", says EU in showdown over Ukraine Wednesday, 5 Feb 2014 | 6:28 AM ET

    *EU sets out its case for drawing in Ukraine, says offer remains. *Message underlines Europe's battle of ideals with Russia. BRUSSELS, Feb 5- If there is a consistent message the European Union has tried to send since Ukraine rejected a trade deal last November in favour of stronger ties with Moscow, it is that it does not want to end up in a tug-of-war with Russia.

  • UPDATE 1-Christmas shopping tumbles in the euro zone Wednesday, 5 Feb 2014 | 6:08 AM ET

    *Retail sales fall 1.0 percent in December yr-on-yr. *Sales also fall 1.6 percent compared to November. *Falling demand raises concerns about deflation.

  • Christmas shopping tumbles in the euro zone Wednesday, 5 Feb 2014 | 5:00 AM ET

    BRUSSELS, Feb 5- The euro zone's Christmas shopping season was a sore disappointment in December as demand for retail goods fell sharply despite expectations of a rise, adding to the risk of deflation for the currency bloc.

  • *Greece, Italy seen as most corrupt. BRUSSELS, Feb 3- Corruption costs Europe 120 billion euros a year, or around one percent of economic output, according to the first ever report on graft in the 28- nation European Union by the executive European Commission. Almost all firms in Greece, Spain and Italy believe it is widespread.

  • *Greece, Italy seen as most corrupt. BRUSSELS, Feb 3- Corruption is a problem for almost half the companies doing business in Europe, a survey by the European Commission said on Monday, and an increasing number of European Union citizens think it is getting worse.

  • *OPEC output rises in January from 2-1/ 2 year low- survey. NEW YORK, Jan 31- Oil prices fell on Friday, with Brent posting its biggest monthly loss in four months, on worries over the outlook for emerging economies and fallout over the U.S.

  • UNITED NATIONS, Jan 31- U.N. Secretary-General Ban Ki- moon on Friday appointed former New York City Mayor Michael Bloomberg as his special envoy for cities and climate change, in a bid to build momentum ahead of a planned U.N. conference in September. Ban is seeking to re-energize the global climate change debate and boost the United Nations' role.

  • *OPEC output rises in January from 2-1/ 2 year low- survey. NEW YORK, Jan 31- Brent oil fell by $1 on Friday, putting it on track for its first monthly loss in four months, under pressure from worries over emerging economies turmoil and weak global stock markets. The spread between the two benchmarks fell below $9 for the first time in nearly 3 months.

  • UNITED NATIONS, Jan 31- U.N. Secretary-General Ban Ki- moon on Friday appointed former New York City Mayor Michael Bloomberg as his special envoy for cities and climate change, in a bid to build momentum ahead of a planned U.N. conference in September.

  • LONDON, Jan 31- OPEC's oil output has risen in January from December's 2-1/ 2- year low, due to a partial recovery in Libyan supply and higher shipments from Iraq and Iran, a Reuters survey found on Friday. The survey illustrates the potential for OPEC supply to rebound in 2014 if Libya, Iraq and Iran sustain higher output.

  • *EU tries to position itself for future transition in Cuba. BRUSSELS/ MADRID, Jan 30- The European Union will agree next month to deepen relations with Cuba in its most significant overture to the communist nation since diplomatic sanctions were lifted in 2008, people close to the matter told Reuters.

  • BRASILIA, Jan 30- Latin America is in a better position now to handle a resurgence in global market turbulence, but policymakers need to stay alert and use sound policies to tackle any spillovers, the International Monetary Fund said on Thursday.

  • UPDATE 6-U.S. crude oil rises on strong GDP data Thursday, 30 Jan 2014 | 2:12 PM ET

    *China slowdown caps Brent gains. NEW YORK, Jan 30- U.S. crude oil rose about $1 on Thursday after government data showed solid economic growth in the fourth quarter of last year and as cold weather was expected to boost oil demand. Brent crude traded slightly higher, boosted by concerns over supply interruptions from Libya and expected declines in OPEC production.

  • *EU tries to position itself for future transition in Cuba. BRUSSELS/ MADRID, Jan 30- The European Union will agree next month to deepen relations with Cuba in its most significant overture to the communist island since the bloc lifted diplomatic sanctions in 2008, people close to the matter told Reuters.

  • SINGAPORE, Jan 29- Gold extended losses to a third session on Wednesday as investors turned jittery ahead of the U.S. *Kazakhstan lifted its gold reserves by 2.39 tonnes in December, data from the International Monetary Fund showed. Ukraine added 0.6 tonnes to its gold reserves, Belarus 0.9 tonnes and Azerbaijan just under 1 tonne.

  • WASHINGTON, Jan 28- The volatility in world markets is being caused by problems in particular developing countries and not linked to the U.S. Federal Reserve's decision to reduce its monetary stimulus, the International Monetary Fund's top financial counselor said.

  • WASHINGTON, Jan 28- The recent volatility in world markets is due to problems in particular developing countries and not linked to the U.S. Federal Reserve's decision to start tapering its massive monetary stimulus, the IMF's top financial counselor said on Tuesday.

  • "I see progress with the state, the government, the General National Congress assembly," he said in an interview at the group's base in Ajdabiya. Prime Minister Ali Zeidan's government in Tripoli has been trying to reopen the ports as it faces a budget crunch that risks deepening unrest in the OPEC producer.

  • BERLIN, Jan 28- The World Bank's private-sector arm is investing up to 25 million euros in two online retailers, Lamoda in Russia and Dafiti in Latin America, the latest fundraising success for German venture capital firm Rocket Internet.

  • *OPEC can adjust output to any return of Libya, Iraq output- secgen. SINGAPORE, Jan 28- Brent futures rose to $107 a barrel on Tuesday as the steepest fall in three weeks prompted fresh buying, with concerns of turmoil in emerging economies and a slowdown in China keeping the gains in check.