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  • ATHENS, April 2- Greece demanded an explanation from the International Monetary Fund on Saturday after an apparent leaked transcript suggested the IMF may threaten to pull out of the country's bailout as a tactic to force European lenders to more offer debt relief. Internet whistleblowing site WikiLeaks published what it said was the transcript of a March 19...

  • ATHENS, April 2- Greece demanded an explanation from the International Monetary Fund on Saturday after an apparent leaked transcript suggested the IMF may threaten to pull out of the country's bailout as a tactic to force European lenders to more offer debt relief. Internet whistleblowing site WikiLeaks published what it said was the transcript of a March 19...

  • BAGHDAD, April 2- Iraqi Prime Minister Haider al-Abadi on Saturday directed the country's highest corruption watchdog to investigate claims of graft in the awarding of oil contracts by the OPEC exporter and urged the courts to prosecute. A joint report this week by Australia's Fairfax Media and the Huffington Post, citing hundreds of thousands of emails,...

  • *OPEC output rises ahead of April 17 meeting in Doha. NEW YORK, April 1- Oil tumbled about 4 percent on Friday, after a Saudi prince reportedly said the kingdom will not freeze output without Iran and other major producers doing so and data showed the global crude glut was likely to grow. Brent crude settled down $1.68, or 4.1 percent, at $39.09 a barrel.

  • *OPEC output rises ahead of April 17 meeting in Doha. NEW YORK, April 1- Oil tumbled 4 percent on Friday to open the second quarter, after a Saudi prince reportedly said the kingdom will not freeze production without Iran and other major producers doing so and data showed the global crude glut was likely to grow. Brent crude fell $1.70, or 4.2 percent, to $39.07 a barrel...

  • *OPEC output rising ahead of April 17 meeting in Doha. *Saudis to freeze output only if others do- Bloomberg. Saudi Arabia will freeze its oil output only if Iran and other major producers do so, Saudi Deputy Crown Prince Mohammed bin Salman told Bloomberg in an interview, helping push prices lower earlier in the day.

  • *OPEC output rising ahead of April 17 meeting in Doha. *Saudis to freeze output only if others do- Bloomberg. Saudi Arabia will freeze its oil output only if Iran and other major producers do so, Saudi Deputy Crown Prince Mohammed bin Salman told Bloomberg in an interview, helping push prices lower.

  • *OPEC output rising ahead of April 17 meeting in Doha. *Saudis to freeze output only if others do- Bloomberg. Brent crude for June delivery fell 64 cents to $39.69 a barrel as of 1000 GMT.

  • WASHINGTON, March 31- The International Monetary Fund said on Thursday that it has again cut its growth forecast for Nigeria as the oil exporter faces "substantial challenges" from low crude prices. In February, after IMF officials visited the country, the Fund had forecast 3.2 percent growth for Nigeria in 2016.. Discussions between Nigeria and the World Bank...

  • WASHINGTON, March 31- The International Monetary Fund said on Thursday that it has again cut its growth forecast for Nigeria as the oil exporter faces "substantial challenges" from low crude prices. In its annual review of Nigeria's economic situation, the IMF said that gross domestic product growth would slow to 2.3 percent in 2016 from an estimated 2.7 percent...

  • IMF SAYS CUTS NIGERIA'S 2016 GDP GROWTH FORECAST TO 2.3 PCT FROM FEBRUARY FORECAST OF 3.2 PCT; 2015 GROWTH RATE ESTIMATED AT 2.7 PCT.

  • *Dollar at Oct low, Cushing draw over 800,000 barrels reported. *OPEC production up this month despite freeze proposal. "Oversupply still persists due to resilient U.S. production, even if declining moderately; high OPEC output, led by Saudi Arabia and Iraq; and the gradual return of Iran starting Q1 2016," said Mike Wittner, global head of oil research at Societe...

  • GENEVA, March 31- Canada has filed a complaint against the United States over anti-dumping duties imposed on imports of supercalendered paper, which is used in glossy magazines and catalogues, the World Trade Organization said on Thursday. The United States now has 60 days in which to settle the dispute through bilateral talks, after which Canada could ask the...

  • WASHINGTON, March 31- Canadian Prime Minister Justin Trudeau on Thursday said he was not worried that the next U.S. president might seek to reopen the three-nation North American Free Trade Agreement. NAFTA, which came into force in 1994, binds the United States, Canada and Mexico. Trudeau says the agreement has benefited Canada by boosting trade and creating...

  • NEW YORK/ LONDON, March 31- The U.S. dollar's share of allocated global currency reserves grew for a second straight quarter, while euro's share declined further to its smallest in nearly 14 years, according to data from the International Monetary Fund released on Thursday. "With China's share coming as part of the allocated reserves, it becomes tricky to analyze...

  • WASHINGTON, March 31- Canadian Prime Minister Justin Trudeau on Thursday said he was not worried that the next U.S. President might seek to reopen the three-nation North American Free Trade Agreement. "I don't think that's a real issue.

  • LONDON, March 31- Britain's current account deficit has surged to a record high, underscoring a weak spot in an economy that is coming under sharper focus before a vote on whether to remain in the European Union. Finance minister George Osborne said the widening of the deficit to a record 7.0 percent of gross domestic product- up from 4.3 percent of GDP in the third...

  • SHANGHAI, March 31- The People's Bank of China reported data on its derivatives holdings positions in forwards and futures in foreign currencies versus the yuan for the first time on Thursday. The move should help address appeals from investors and the International Monetary Fund that the central bank cast more light on its derivatives holdings, given...

  • SHANGHAI, March 31- The People's Bank of China reported data on its derivatives holdings positions in forwards and futures in foreign currencies versus the yuan for the first time on Thursday. The move should help address appeals from investors and the International Monetary Fund that the central bank cast more light on its derivatives holdings, given...

  • *Current account deficit hits record high. *GDP growth revised up in Q4 and 2015. LONDON, March 31- Britain's current account deficit widened to a record high at the end of last year, highlighting a weak spot in an economy coming under sharper focus ahead of a vote on whether to remain in the European Union.