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  • *World Bank lowers global growth forecasts for 2015, 2016. LONDON, Jan 14- Oil prices recouped some early losses on Wednesday but remained under pressure after the World Bank cut its global economic growth forecast, doing little to end a rout that saw prices touch their lowest in nearly six years in the previous session. February Brent crude gained 20 cents to...

  • *Financial markets slide as World Bank cuts forecasts. LONDON, Jan 14- Gold rallied to a 12- week high on Wednesday as sharp falls in stock markets and other commodities prompted investors to buy the metal as a haven from risk, and as soft U.S. data weighed on the dollar. Financial markets fell sharply after the World Bank cut its growth forecasts for 2015 and 2016,...

  • Maduro's call is supported by OPEC price bulls, such as Iran and Venezuela, who want output cuts from OPEC but can contribute little themselves. Gulf OPEC sources have said Saudi might consider cutting production if non- OPEC members, such as Russia, joined. Russia agreed to symbolic output cuts in tandem with OPEC during the 2001 price collapse, but never followed...

  • *Copper hit by concerns over economic growth. LONDON, Jan 14- Copper and other base metals were hit by heavy selling on Wednesday and the oil price slump continued after the World Bank lowered its global growth forecast due to disappointing economic prospects in Europe and Asia. It cited disappointing economic prospects in the euro zone, Asia and some major...

  • *Copper hit by concerns over economic growth. LONDON, Jan 14- Copper and other base metals were hit by heavy selling on Wednesday and the oil price slump continued after the World Bank lowered its global growth forecast due to disappointing economic prospects in Europe and Asia. It cited disappointing economic prospects in the euro zone, Asia and some major...

  • GLOBAL MARKETS-Markets slump on gloomy growth outlook Wednesday, 14 Jan 2015 | 8:34 AM ET

    *World Bank cuts growth forecasts, deflation fears grow. LONDON, Jan 14- Financial and commodities markets slumped on Wednesday after the World Bank cut its growth forecasts for 2015 and 2016, fueling fears that the benefits of cheaper oil may be offset by anemic economies and the threat of deflation. Market nerves were soothed somewhat after a top adviser to the...

  • *World Bank lowers global growth forecasts for 2015, 2016. LONDON, Jan 14- Oil prices pared early losses on Wednesday but remained under pressure after the World Bank cut its economic growth forecast, doing little to end a rout that saw prices touch their lowest in nearly six years in the previous session. February Brent crude inched 12 cents higher to $46.71 a...

  • *World Bank lowers global growth forecasts for 2015, 2016. LONDON, Jan 14- Oil prices fell 1 percent on Wednesday after the World Bank cut its economic growth forecast, helping extend a rout that saw prices touch a nearly six-year low the previous session. "The global economy is running on a single engine... the American one," World Bank chief economist Kaushik Basu said.

  • MOSCOW, Jan 14- The World Bank expects Russia's economy to contract by 2.9 percent in 2015, it said in a report on global economic growth on Wednesday, cutting its forecast from December when it expected a 0.7 percent contraction. The bank also predicted 0.1 percent growth in 2016 and 1.1 percent growth in 2017, following 0.7 percent growth in 2014..

  • WORLD BANK CUTS FORECAST FOR RUSSIA'S GDP GROWTH IN 2015 TO -2.9 PCT FROM 0.7 PCT.

  • *Bond yields shrink, World Bank cuts global growth forecasts. Not helping the mood was news the World Bank had lowered its global growth forecasts because of sluggishness in the euro zone, Japan and some major emerging economies. "The global economy is at a disconcerting juncture," World Bank chief economist Kaushik Basu told reporters.

  • WASHINGTON, Jan 13- The World Bank on Tuesday lowered its global growth forecast for 2015 and next year due to disappointing economic prospects in the euro zone, Japan and some major emerging economies that offset the benefit of lower oil prices. "The global economy is at a disconcerting juncture," World Bank chief economist Kaushik Basu told reporters.

  • Saudi oil minister holds talks with U.S. energy deputy Tuesday, 13 Jan 2015 | 1:21 PM ET

    Venezuela's President Nicolas Maduro is in Algeria on a diplomatic push to persuade reluctant fellow members of OPEC to prop up a sinking market by cutting output. Saudi Arabia, OPEC's dominant member state and the world's biggest oil exporter, has repeatedly said the group will not cut production. On Tuesday, United Arab Emirates Energy Minister Suhail bin...

  • LONDON, Jan 13- Crude oil prices hit their lowest in almost six years on Tuesday in a market readying for further falls, as a big OPEC producer stood by the group's decision not to cut output to tackle a supply glut. Oil prices have fallen 60 percent from their June 2014 peaks, driven down by rising production, particularly U.S. shale oil, and weaker-than-expected...

  • ABU DHABI, Jan 13- OPEC will not cut its oil output to support prices but expects higher-cost producers to do so, the United Arab Emirates energy minister insisted on Tuesday as oil plunged near six-year lows. By not reducing output, "we are telling the market and other producers that they need to be rational and like OPEC, they need to look at growth in the...

  • SINGAPORE, Jan 13- Oil prices continued their rout on Tuesday with Brent crude and U.S. WTI both falling to their lowest in almost six years as a big OPEC producer stood by the group's decision not to cut output to tackle a glut in the market. February Brent crude fell almost 5 percent to a low of $45.23 a barrel by 0730 GMT, the lowest since March 2009.

  • *Venezuelan president visits Saudi Arabia, Qatar. DUBAI/ DOHA, Jan 12- A diplomatic push by Venezuela and Iran for an OPEC oil output cut has failed to soften the refusal of the group's Gulf members to do so for now, delegates said on Monday. Venezuelan President Nicolas Maduro on Sunday met Saudi Arabia's Crown Prince Salman in Riyadh before heading to Qatar and...

  • ANKARA, Jan 12- Turkey could become a high-income nation within five years, provided the government boosts productivity and embraces much needed structural reforms to improve the rule of law, the World Bank's country director said on Monday. The World Bank's Martin Raiser told Reuters he was hopeful that Turkey can push per capita gross national income above...

  • *Venezuelan president visits Saudi Arabia, Qatar. *Iran backs coordinated front with Venezuela on oil price. DUBAI/ DOHA, Jan 12- A diplomatic push by Venezuela and Iran for an OPEC oil output cut has failed to soften the refusal of the group's Gulf members to do so for now, delegates said on Monday.

  • MOSCOW, Jan 12- The European Union will consider lifting sanctions on Russia over the Ukraine crisis only if there is "real progress" in implementing a four-month-old ceasefire deal, Latvia's foreign minister said on Monday. Kiev and Moscow blame each other for the failure to implement the Minsk agreement in a conflict in which more than 4,700 people have been...