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  • US STOCKS-Wall St little changed after selloff Monday, 13 Oct 2014 | 10:02 AM ET

    The benchmark S&P index slumped 3.1 percent last week to sit just above its support level, the 200- day moving average of around 1,905. The declines were sparked by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe. Earnings season will pick up this week, with results expected from Dow components...

  • The declines were sparked by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe. Earnings season will pick up this week, with results expected from Dow components Intel, Johnson& Johnson, UnitedHealth, American Express and General Electric, as well as financials Morgan Stanley, Citigroup, Bank of...

  • NEW YORK, Oct 13- U.S. stock index futures were little changed on Monday after the S&P 500 suffered its worst weekly drop since May 2012 and the Dow moved into negative territory for the year on global growth concerns. The declines were sparked by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe.

  • *OPEC unlikely to cut output to support prices- Kuwait. Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, sources briefed by OPEC's biggest producer have told Reuters. "In light of these comments, one should not expect any OPEC output cuts before the Nov. 27 meeting," said Bjarne Schieldrop, chief commodity...

  • *OPEC unlikely to cut output to support prices- Kuwait. SINGAPORE/ SEOUL, Oct 13- Global oil futures lost more than a dollar on Monday after Saudi Arabia and Kuwait signalled a willingness to bear with lower prices to defend market share, although better-than-expected trade data from China pared the losses. Contrary to market expectations, Kuwait said OPEC was...

  • *OPEC unlikely to cut output to support prices- Kuwait. SINGAPORE/ SEOUL, Oct 13- Global oil futures lost more than a dollar on Monday after Saudi Arabia and Kuwait signaled ample supplies and their willingness to bear lower prices to defend market share, although better than expected trade data from China pared oil's losses. Contrary to market expectations, OPEC...

  • *Japan shut for holiday, China trade data in focus. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 percent, extending last week's 1.1 percent drop. At an International Monetary Fund and World Bank meeting in Washington on Saturday, IMF member countries called for bold action to bolster the global economic recovery and flagged Europe as a...

  • LONDON/ NEW YORK, Oct 12- Saudi Arabia is quietly telling oil market participants that Riyadh is comfortable with markedly lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expansion of rival producers including those in the U.S. shale patch. Some OPEC members including Venezuela are clamoring for urgent production...

  • WASHINGTON, Oct 12- Greece has begun talks for ending International Monetary Fund aid to the country, but will continue to have routine post-bailout reviews by the Washington- based group, a Greek official said after talks with the IMF's chief on Sunday. The IMF is deeply unpopular in Greece for insisting on austerity cuts under Greece's 240 billion euro EU/IMF...

  • DUBAI/ KUWAIT, Oct 12- OPEC is unlikely to cut oil production in an effort to prop up prices because such a move would not necessarily be effective, Kuwait's oil minister Ali al-Omair was quoted as saying by state news agency KUNA on Sunday. "I don't think today there is a chance that countries would reduce their production, especially since the target that OPEC has...

  • ZURICH, Oct 12- Switzerland's business elite published an appeal in a Swiss newspaper on Sunday to save the country's accords with the European Union from unravelling due to a vote earlier this year to curb immigration from the bloc. The move could violate a free movement of citizens pact and threaten Switzerland's other agreements with the 28- member union.

  • ZURICH, Oct 12- Switzerland's business elite published an appeal in a Swiss newspaper on Sunday to save the country's accords with the European Union from unravelling due to a vote earlier this year to curb immigration from the bloc. The move could violate a free movement of citizens pact and threaten Switzerland's other agreements with the 28- member union.

  • *China to offer data hints about its growth prospects. LONDON, Oct 12- China's economy, the second largest in the world, gets a spot check this week with a barrage of data due that should indicate how successful Beijing has been in supporting growth. The International Monetary Fund, for example, has lowered its growth expectations for this year and next in Europe,...

  • WASHINGTON, Oct 11- Reserve Bank of India Governor Raghuram Rajan said on Saturday there would be some volatility in emerging markets once the U.S. The rest of the world will benefit from U.S. growth, "Rajan said at an event on the sidelines of the International Monetary Fund and World Bank fall meetings. "It could create some volatility for the emerging markets... my...

  • Brazil has been preparing for the hikes by amassing currency reserves and maintaining a floating currency, Tombini said on the sidelines of the International Monetary Fund and World Bank fall meetings in Washington.

  • Get bold on economy, ease up on budget cuts: IMF Saturday, 11 Oct 2014 | 2:24 PM ET
    The International Monetary Fund (IMF) logo is seen at the IMF headquarters building in Washington.

    The International Monetary Fund's member countries on Saturday said bold action was needed to bolster the global recovery.

  • IMF warns global economy at risk, calls for bold action Saturday, 11 Oct 2014 | 1:51 PM ET

    WASHINGTON, Oct 11- The International Monetary Fund's member countries on Saturday said bold action was needed to bolster the global economic recovery, and they urged governments to take care not to squelch growth by tightening budgets too drastically. European officials have sought to dispel the gloom, with European Central Bank President Mario Draghi on...

  • WASHINGTON, Oct 11- The world's biggest emerging and developed economies have reiterated their commitment not to target exchange rates with monetary policy, European Central Bank President Mario Draghi told a news conference on Saturday.

  • WASHINGTON, Oct 10- Bank of Israel Governor Karnit Flug voiced openness on Friday to reducing interest rates further or using other unconventional policy tools to boost inflation back to the target range. She was speaking during the annual meetings of the International Monetary Fund and World Bank. Countries like Switzerland and the Czech Republic which...

  • UNITED NATIONS, Oct 10- A $1 billion United Nations appeal to fight Ebola has only been 25 percent funded and senior U.N. officials warned on Friday that no country was safe as the world faced a crisis with staggering potential. The current outbreak of the hemorrhagic fever, which is the worst on record, was identified in March in a remote part of Guinea and has spread...