Group of Seven nations finance ministers agreed to tackle the issue of how to deal with failing banks and gave gave a green light to Japan's efforts to galvanize its economy.» Read More
LONDON, Jan 23- Copper fell on Wednesday, dragged lower by indications of a well-supplied market amid higher output from mining groups such as BHP Billiton and signs of subdued demand from top consumer China.
Fattouh and Mahadeva examine how the cartel's strategy and power over oil prices have varied over time depending on market conditions and the interaction among OPEC members.
BERLIN/ PARIS, Jan 23- Britain's European partners heaped scorn on Prime Minister David Cameron's demand for radical reform of the EU and promise of an "in-out" referendum on UK membership, calling it reckless and ignorant of EU decision making.
NEW YORK, Jan 23- U.S. and European stocks moved higher on Wednesday, helped by strong earnings reports and signs American lawmakers were close to raising the federal debt limit. Technology shares were a focus, with Apple earnings due late in the day, following strong results from IBM and Google on Tuesday.
*Iran has suggested Cairo as possible location. BRUSSELS, Jan 23- Iran is stalling on fixing a date and location for a new round of talks on its nuclear programme, the European Union's foreign policy chief said on Wednesday, but there is still hope that talks between Tehran and six world powers can begin soon.
LONDON, Jan 23- European equities no longer look cheap but there are pockets of value in some surprising places. We suggest that investors are more selective on risk in the near term, "said Jonathan Stubbs, European equity strategist at Citi, who favours the financial sector.
LONDON, Jan 23- The world economy should perform slightly better this year because recovering growth in Asia will gradually overpower the political and economic malaise in the West, according to Reuters polls.
LONDON, Jan 23- Japan's brigade of mom-and-pop investors, once connoisseurs of the most far-flung emerging markets, look set to ride the newly weakening yen back to more exotic climes again. Assets of Japanese emerging market-dedicated investment trusts, or "toshin", have risen by more than $4 billion since autumn, according to JPMorgan.
LONDON, Jan 23- Iraq has sweetened terms for oil contract buyers and is becoming more competitive on pricing, buyers of its oil said, part of a marketing push by the world's fastest growing exporter to secure customers. Iraq has worked to address concerns of buyers over higher prices and the variable quality of its oil.
LONDON, Jan 23- The euro zone's ravaged economy will contract again this year, challenging the European Central Bank's claims of a turnaround in the bloc's fortunes, according to the latest Reuters poll of forecasters on Wednesday.
*Britain looks set to lose "AAA" credit rating. LONDON, Jan 22- A lifeless economy and slow progress in cutting spending is expected to cost Britain its place among countries with top-notch credit ratings this year, a Reuters poll showed on Wednesday.
LONDON/ ARBIL, Iraq, Jan 23- Exxon Mobil may be moving closer to Baghdad's side in its bitter feud with autonomous Kurdistan, industry sources said, with a sweeter deal to keep it operating in southern Iraq on the table.
LONDON, Jan 23- Top banks in the European Union must present so-called "living wills" by the year-end spelling out how they would survive a crisis without taxpayer aid.
LONDON, Jan 23- U.S. industrial manufacturer Eaton Corp is helping with the investigation into the cause of a fuel leak blamed for a fire on one of Boeing's 787 Dreamliners.
*Egypt may find sukuk tougher than Gulf, Malaysia. CAIRO, Jan 23- Egypt's government is using an ingenious stratagem to try to push a bill authorising issues of sovereign sukuk past Islamic scholars, but even if it passes, the bill may not shield authorities from controversy that could slow issuance.
LONDON, Jan 23- Leading British business figures warned Prime Minister David Cameron on Wednesday that his plan for an in-out referendum on the European Union membership was a risky gamble that could damage the economy and throttle foreign investment.
*Sugar weighed by prospect of larger Brazil cane crop. LONDON, Jan 23- Raw sugar futures on ICE fell to the lowest level in around 2-1/ 2 years on Wednesday as the prospect of a large cane crop in top producer Brazil heightened concerns about excess supplies while arabica coffee and cocoa edged higher.
LONDON, Jan 23- Algeria's swift use of lethal force against Islamist fighters who seized one of its main gas fields raised concerns in the West but came as no surprise at home and showed clearly how the government would respond to future jihadist attacks.
*MSCI World index flat as corporate earnings eyed. LONDON, Jan 23- World shares hovered near 20- month highs on Wednesday, supported by some upbeat corporate earnings, an easing of fears about the U.S. debt ceiling and a better outlook for the global economy.
LONDON, Jan 23- Anglo-Dutch consumer goods company Unilever Plc/ NV's share price hit an all-time high on Wednesday as growth beat expectations, propelled by strong sales of its haircare products and soaps in emerging markets.