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Barclays PLC

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  • UPDATE 2-OPEC to continue pumping oil at current rate Wednesday, 3 Jun 2015 | 6:04 AM ET

    VIENNA, June 3- OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year's shock market therapy has revived demand and knocked back growing competition. That marks a change in tone from OPEC's last meeting in November 2014, when Venezuela and others mounted an unsuccessful bid to convince Saudi Arabia and its Gulf allies to...

  • VIENNA, June 3- OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year's shock market therapy has revived moribund demand and knocked back growing competition. That marks a change in tone from OPEC's last meeting in November 2014, when Venezuela and others mounted an unsuccessful bid to convince Saudi Arabia and its Gulf...

  • UPDATE 3-Oil prices drop on dollar, oversupply Wednesday, 3 Jun 2015 | 4:27 AM ET

    *OPEC expected to keep output target unchanged on Friday. LONDON, June 3- Oil prices fell on Wednesday as the dollar strengthened and as oversupply weighed on markets ahead of a key meeting of OPEC oil producers. "There is consensus among Gulf OPEC countries, and others, to keep the ceiling unchanged," the OPEC delegate told Reuters in Vienna.

  • OPEC finds oil output consensus: "Don't rock the boat" Wednesday, 3 Jun 2015 | 3:39 AM ET

    VIENNA, June 3- OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year's shock market therapy has revived moribund demand and knocked back growing competition. That marks a change in tone from OPEC's last meeting in November 2014, when Venezuela and others mounted an unsuccessful bid to convince Saudi Arabia and its Gulf...

  • BRASILIA, June 3- Brazil is poised to raise interest rates by 50 basis points on Wednesday for the fifth straight time, maintaining its tight money campaign to battle inflation despite fears it could worsen an expected economic recession. Central bank chief Alexandre Tombini repeated recently that the bank still has work to do to make good on its promise to...

  • *OPEC not expected to cut output at Friday meeting. *Some analysts say OPEC quota could rise. SINGAPORE, June 3- Crude oil prices fell on Wednesday as oversupply weighed on markets, with OPEC not expected to announce a production cut at its meeting on Friday.

  • Factory orders fall 0.4 percent in April. WASHINGTON, June 2- New orders for U.S. factory goods fell in April on weak demand for transportation equipment and other goods, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector. Households are gradually boosting their spending on manufactured goods, "said Gus...

  • *Investors believe HSBC bosses need to announce bold moves. LONDON, June 2- No longer feared as "too big to fail", shareholders are weighing whether HSBC is now "too big to succeed", and want to know next week how the bank's bosses propose to increase profitability at a sprawling group beset by huge costs. "This investor day is potentially a very significant event," said...

  • *European shares down as investors seek clarity over Greece. LONDON, June 2- European shares dipped on Tuesday while German bond yields rose, with investors in the dark over whether a high-level meeting on Greece's debt crisis might herald a significant breakthrough. The leaders of Germany, France and Greece's international creditors agreed late on Monday to...

  • *Barclays sees modest copper surplus, prices to avg $6,300 for Q2. MELBOURNE, June 2- Copper prices held near $6,000 a tonne on Tuesday, as bleak global factory growth data indicated a muddy outlook for metal consumption over what is typically the stronger quarter of the year for seasonal demand. Manufacturing activity showed few signs of picking up across Europe,...

  • June 1- Bank of America Corp has hired Brad Hutchinson from Barclays Plc to co-head its Americas energy investment banking business alongside Oscar Brown, according to an internal memo seen by Reuters. Brown and Hutchinson worked together for over a decade at Lehman Brothers Holdings Inc and Barclays before Brown moved to Bank of America in 2010..

  • FOREX-Euro falls as Greece deadlock remains Monday, 1 Jun 2015 | 7:20 AM ET

    LONDON, June 1- The euro fell on Monday after Greece failed to meet a self-imposed Sunday deadline for reaching an agreement with its lenders to unlock aid, keeping alive fears of a debt default and possibile exit from the euro zone. Greece faces a payment to the International Monetary Fund on Friday and the expiration of its bailout program on June 30.

  • LONDON/ SYDNEY, June 1- Manufacturing activity showed scant sign of picking up across Europe and Asia in May as demand stayed stubbornly weak, highlighting the need for central banks to continue supporting growth. The gloomy business surveys come a little less than three months after the European Central Bank embarked on a 1 trillion-euro stimulus program and...

  • LONDON, June 1- European stock markets inched higher on Monday, putting aside concerns over Greece that unsettled the euro after Chinese stocks rallied almost 5 percent. "The pattern in a bull market is that immediately after a plunge, money will pile in, pushing the market higher," said Wang Yu, analyst at Pacific Securities Co in Beijing. The CSI300 index of the...

  • LONDON, June 1- The euro tumbled on Monday after Greece missed a self-imposed Sunday deadline for reaching an agreement with its lenders to unlock aid, keeping alive fears of a debt default and potential exit from the euro zone. Athens and its euro zone and International Monetary Fund creditors have been locked in talks for months, with the single currency...

  • Greece's ongoing woes, downbeat U.S. data keep investors wary. Financial spreadbetters expected a brighter start to European trading, with Britain's FTSE 100 seen opening as much as 0.5 percent higher, Germany's DAX 0.4 percent, and France's CAC 40 up 0.5 percent. MSCI's broadest index of Asia-Pacific shares outside Japan was nearly flat in late afternoon...

  • June 1- China's manufacturing sector showed scant signs of picking up in May as demand stayed stubbornly weak, while exports in South Korea suffered their biggest annual drop since the global financial crisis, grim readings which prompted calls for bolder stimulus measures. The focus now shifts to the United States and parts of Europe, where hopes are pinned on...

  • Greece misses self-imposed deadline for reaching agreement. SYDNEY/ TOKYO, June 1- The euro was on the defensive on Monday after Greece missed a self-imposed Sunday deadline for reaching an agreement with its lenders to unlock aid, keeping alive fears of a debt default. "There are now just four more sleeps until Friday, whereupon Greece will meet or miss its...

  • LONDON, May 31- Years of uncertainty and economic pain spent keeping Greece in the euro zone boils down in June to a handful of make-or-break debt repayments, while a raft of key data in the next few days will point to the progress of the global economy. The threat posed to the wider world by an eventual Greek exit from the euro may have diminished over the last few...

  • *Broadcom, Avago shares slip after big rise on Wednesday. May 28- Avago Technologies Ltd agreed on Thursday to buy Broadcom Corp for $37 billion in the largest merger of chipmakers ever, turning a lesser known company run by a ferocious dealmaker into one of the biggest industry players. Avago, which serves the wireless and industrial markets, is offering Broadcom...