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  • SINGAPORE, Feb 17- Oil markets opened stronger on Tuesday, continuing a rally that has seen Brent crude futures soar 8 percent since mid-January, yet analysts are increasingly saying that price rises have been overblown and are due a downward correction. Benchmark Brent crude futures were trading at $61.65 per barrel at 0130 GMT, up 25 cents since their last...

  • SYDNEY/ TOKYO, Feb 17- The euro skidded on Tuesday after a collapse in talks to secure a new debt deal for Greece raised the prospect of negotiations dragging on until the last possible minute and keeping markets guessing. The common currency was down 0.2 percent at $1.1330, from Monday's high of $1.1429 and back near the bottom of its prevailing $1.1270- 1.1534...

  • *Bank of Korea may cut rates in March, April. SEOUL, Feb 17- South Korea's central bank kept interest rates unchanged for a fourth straight month on Tuesday, as expected, while observing the effects of global policy changes on its gradually recovering economy. "With South Korea's economic growth facing more vulnerabilities, especially with a currency war brewing...

  • SEOUL, Feb 17- South Korea's central bank kept interest rates unchanged for a fourth straight month on Tuesday, in line with expectations, at 2.00 percent. The following is a chronology of the Bank of Korea's main policy rate changes since it began setting the policy rate target in May 1999:----. Oct. 15, 2014 Down 25 bp to 2.00 percent Aug. 14, 2014 Down 25 bp to 2.25 percent...

  • SEOUL, Feb 17- South Korea's central bank kept interest rates unchanged for a fourth straight month on Tuesday, as expected, while observing the effects from global policy changes on the gradually recovering local economy. The Bank of Korea's monetary policy committee held its base rate steady at 2.00 percent, a media official said without elaborating.

  • DIARY-Top Economic Events to Feb 27 Monday, 16 Feb 2015 | 8:00 PM ET

    Treasury Under Secretary for International Affairs Nathan Sheets participates in "A Conversation With Treasury Under Secretary for International Affairs Nathan Sheets" on the global economy at the Peterson Institute in Washington- 1345 GMT. NORWICH, England- Bank of England chief economist Andy Haldane at the University of East Anglia lecture series- 1830...

  • SINGAPORE, Feb 17- Gold extended gains to a fourth straight session on Tuesday, underpinned by safe-haven bids after talks between Greece and its creditors broke down. *Talks between Greece and euro zone finance ministers over the country's debt crisis broke down on Monday when Athens rejected a proposal to request a six-month extension of its international...

  • TOKYO, Feb 17- U.S. crude futures were steady on Tuesday as gains in the dollar following the collapse of Greek debt talks offset supply concerns stoked by growing violence in Libya and uncertainty over exports from Kurdistan. *NYMEX crude for March delivery was down 1 cent at $52.77 a barrel by 0015 GMT, off a one-week high of $53.69 hit on Monday.

  • PARIS, Feb 17- French lawmakers vote on Tuesday on President Francois Hollande's flagship economic bill, which is a key part of his efforts to convince the European Commission that France is carrying out reforms and should not be punished for its fiscal slippages. Here are the main reforms in the bill:. In specially designated tourist zones- mainly in Paris-...

  • PARIS, Feb 17- Francois Hollande faces a major test on Tuesday when his flagship economic reform bill is put to parliament, 10 days before the European Commission rules on whether France's reforms go far enough to avoid sanctions for its budget slippages. The legislation, which responds to long standing demands by the European Commission that France open up...

  • *Investors still expect last minute deal to support Greece. TOKYO, Feb 17- U.S. stock futures and the euro tumbled in early Asian trade on Tuesday after talks between Greece and euro zone finance ministers broke down when Athens rejected a proposal to request a six-month extension of its international bailout programme. Australian shares slumped 0.6 percent,...

  • DETROIT, Feb 16- Volkswagen AG said on Monday it had recognized a new group called the American Council of Employees to represent workers at its auto assembly plant in Chattanooga, Tennessee, in addition to the United Auto Workers. Sean Moss, president of the ACE, said an advantage of his group is that it is locally based. The UAW is based in Detroit, but it says that its...

  • LOS ANGELES, Feb 16- A partial shutdown of 29 U.S. West Coast ports stretched into a third day on Monday ahead of the U.S. labor secretary's scheduled arrival in San Francisco to try to broker a settlement ending months of disruptions on the cargo-clogged docks. Neither the International Longshore and Warehouse Union nor the shipping companies' bargaining agent,...

  • Greece to EU: Extending bailout 'unacceptable' Monday, 16 Feb 2015 | 6:25 PM ET
    Greeks gather on February 16, 2015 in front of the parliament during a pro-government demonstration in Athens.

    Greece rejected a proposal to request a six-month extension of its international bailout package as "unacceptable", stalling talks.

  • BECKLEY, W.Va., Feb 16- A CSX Corp train hauling North Dakota crude derailed in West Virginia on Monday, setting a number of cars ablaze, destroying a house and forcing the evacuation of two towns in the second significant oil-train incident in three days. One or two of the cars plunged into the Kanawha River, and "a couple are burning," said Robert Jelacic, night shift...

  • DETROIT, Feb 16- Volkswagen AG said on Monday it had recognized a new group called the American Council of Employees to represent workers at its auto assembly plant in Chattanooga, Tennessee, in addition to the United Auto Workers. The ACE is an alternative to and has campaigned against the UAW union, which a year ago this week lost an election to be the sole...

  • CSX SAYS TRAIN THAT DERAILED HELD 109 RAIL CARS TRAVELING FROM NORTH DAKOTA TO YORKTOWN, VIRGINIA.

  • CSX CORP SAYS 1 INJURY IN DERAILMENT OF TRAIN CARRYING CRUDE OIL NEAR MOUNT CARBON, WEST VIRGINIA.

  • LOS ANGELES, Feb 16- A partial shutdown of 29 U.S. West Coast ports stretched into a third day on Monday ahead of the U.S. labor secretary's scheduled arrival in San Francisco to try to broker a settlement ending months of disruptions on the cargo-clogged docks. President Barack Obama, under pressure to weigh in on a labor dispute that has rippled through the U.S....

  • Feb 16- The chief executive of Transocean Ltd, one of the world's top offshore drilling companies, is stepping down and the company is slashing its dividend as business slows on tumbling crude oil prices. Transocean said on Sunday that Chairman Ian Strachan, who previously held executive positions at Exxon Mobil Corp and Rio Tinto PLC, will serve as interim chief...