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  • LONDON, Dec 10- British finance minister George Osborne's plans to cut state spending to its lowest since the 1930 s are unrealistic, according to a firm majority of economists polled by Reuters. With less than five months before the next general election, Osborne last week sought to impress voters with new plans to put Britain's budget back in the black before...

  • *OPEC trims world oil demand forecast to 28.92 mln bpd. LONDON, Dec 10- Brent crude oil slipped below $66 a barrel on Wednesday, just above a five-year low, as producers forecast lower demand for their oil next year. Brent futures for January fell to a low of $65.54 a barrel, down $1.30, before recovering slightly to trade around $65.90 by 1215 GMT.

  • LONDON, Dec 10 (Reuters)- Copper slipped on Wednesday from two-week highs hit in the previous session, with hopes for more monetary policy easing in China overshadowed by worries over swelling supplies and weak global growth. Data out earlier showed China's consumer inflation hit a five-year low of 1.4 percent in November, stoking expectations that Beijing...

  • LONDON, Dec 10- Brent crude oil slipped below $66 a barrel on Wednesday, just above a five-year low, on mounting signs of oversupply and lacklustre demand as global economic growth falters. The price of the North Sea oil benchmark has fallen more than 40 percent since June as new supplies of high-quality crude from North America have fed a glut of fuel in many parts...

  • *Morgan Stanley cuts Brent forecast to $70 a barrel in 2015. LONDON, Dec 8- Brent crude oil fell more than $2 a barrel on Monday to a new five-year low on predictions that oversupply would keep building until next year after OPEC decided not to cut output. "Without OPEC intervention, markets risk becoming unbalanced, with peak oversupply likely in the second quarter...

  • LONDON, Dec 8- Brent crude oil fell more than $2 a barrel on Monday to a new five-year low on predictions that oversupply would keep building until next year after OPEC decided not to cut output. In a report dated Dec. 5, U.S. investment bank Morgan Stanley said oil prices could fall as low as $43 a barrel next year. "Without OPEC intervention, markets risk becoming...

  • *Saudi Arabia slashes January oil prices for Asia, U.S. *Iraq exports boost to pressure 2015 oil market. NEW YORK, Dec 5- Global oil prices slid further on Friday, with Brent on track for the first weekly close below $70 a barrel since 2010, as strong U.S. employment data did little to lift the oil market's bearish mood a day after Saudi Arabia cut official selling prices.

  • *Saudi Arabia slashes January oil prices for Asia, U.S. LONDON, Dec 5- Brent crude slipped below $69 a barrel on Friday, on track to finish the week below $70 a barrel for the first time since 2010, as cuts to official selling prices from Saudi Arabia added to recent pressure. "It's been weighing on the market, showing that OPEC is not ready to end its price war," said...

  • *Saudi Arabia slashes January oil prices for Asia, U.S. LONDON, Dec 5- Brent crude slipped below $68 a barrel on Friday, on track to finish the week below $70 a barrel for the first time since 2010, as cuts to official selling prices from Saudi Arabia added to recent pressure. "It's been weighing on the market, showing that OPEC is not ready to end its price war," said...

  • LONDON, Dec 5- Rouble depreciation, Western sanctions and collapsing commodity prices have sent Russian companies' hard currency bonds tumbling to multi-year lows and there is very likely more stress ahead. With around $650 billion in external debt, more than $100 billion due for repayments in the coming year and global capital markets effectively shut to...

  • *Saudi Arabia slashes January oil prices for Asia, U.S. LONDON, Dec 5- Brent crude slipped towards $69 a barrel on Friday, on track to finish the week below $70 a barrel for the first time since 2010, as cuts to official selling prices from Saudi Arabia helped hold oil near five-year lows. "It's been weighing on the market, showing that OPEC is not ready to end its price war,"...

  • *Saudi Arabia slashes January oil prices for Asia, U.S. LONDON, Dec 5- Brent crude slipped towards $69 a barrel on Friday, on track to finish the week below $70 a barrel for the first time since 2010, as cuts to official selling prices from Saudi Arabia helped hold oil near five-year lows. "It's been weighing on the market, showing that OPEC is not ready to end its price war,"...

  • *Saudi Arabia slashes January oil prices for Asia, U.S. Some analysts said the Saudi cuts to monthly prices for crude it sells to the United States and Asia show it is stepping up its battle for market share a week after refusing to support OPEC output cuts. "It's been weighing on the market, showing that OPEC is not ready to end its price war," said Commerzbank analyst...

  • *Brent seen averaging $82.50, U.S. crude $78.00 in 2015. Although forecasts have collapsed in the wake of OPEC's decision last week not to cut output despite a global glut, analysts still see oil prices next year averaging more than $10 a barrel above current levels, the poll showed. The survey of 31 analysts and economists, conducted after the Organization of the...

  • LONDON, Dec 4- Sterling steadied on Thursday as traders who had initially reacted positively to British finance minister George Osborne's latest fiscal statement looked more closely at negative aspects including a cut to longer-term growth forecasts. While Osborne, in his Autumn Statement on Wednesday, raised growth forecasts for Britain's economy for...

  • *Gold recovers from Tuesday's 1 pct drop. LONDON, Dec 3- Gold rose 1 percent above $1,200 an ounce on Wednesday, boosted by firmer oil prices that prompted investors to shuffle positions in volatile trading. Gold gained about 10 percent in the first half of the year, helped by geopolitical tensions and disappointing U.S. economic data, before surrendering to a...

  • *Gold recovers from Tuesday's 1 pct drop. LONDON, Dec 3- Gold rose above $1,200 an ounce, boosted by firmer oil prices on Wednesday that prompted investors to shuffle positions in a volatile market. Gold gained about 10 percent in the first half of the year, helped by geopolitical tensions and disappointing U.S. economic data, before surrendering to a rallying...

  • *Germany sells 2.5 bln euros of 5- year bonds. LONDON, Dec 3- Italian yields fell below 2 percent on Wednesday for the first time as markets expected the European Central Bank to pave the way for government bond purchases when it meets this week. You have a risk of a temporary setback if you get disappointment out of the ECB this week, "said Benjamin Schroeder, a rate...

  • *Gold recovers from Tuesday's 1 pct drop. LONDON, Dec 3- Gold rose above $1,200 an ounce on Wednesday, boosted by rebounding oil prices and investor repositioning, though strength in the dollar and optimism about the U.S. economy kept gains in check. Gold gained about 10 percent in the first half of the year, helped by geopolitical tensions and disappointing U.S....

  • *Gold steadier, after 1 pct overnight drop, on higher oil prices. SINGAPORE, Dec 3- Gold steadied near $1,200 an ounce on Wednesday as a rise in oil prices provided support, but strength in the dollar and optimism about the U.S. economy weighed on the metal's appeal as a hedge. Moreover, inflation expectations have fallen substantially because of a sell-off in oil...