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  • Germany says ready to find EU benefits deal with Britain Wednesday, 20 Jan 2016 | 8:19 AM ET

    *Says Germany, France keen to help UK over benefits issue. BERLIN, Jan 20- Germany is ready to help Britain win reforms on welfare benefits paid to migrants from other European Union countries and would itself like to see these rules tightened, Labour Minister Andrea Nahles said in a newspaper interview on Wednesday. The newspaper said Germany and France saw the...

  • LONDON, Jan 20- European Union countries will have to introduce rules from 2017 to speed up tax refunds on cross-border investments, part of a drive to improve the working of financial markets and lift economic growth, according to an EU document seen by Reuters. The executive European Commission wants to simplify "withholding tax" on stocks and bonds bought in...

  • *But metal still trading below $1,100/ oz. MANILA, Jan 20- Gold edged higher on Wednesday as a further fall in equities and oil burnished bullion's safe-haven draw, although slow physical demand from Asia kept the metal well under this month's peak. The International Monetary Fund cut its global growth forecasts for the third time in less than a year after China's...

  • MANILA, Jan 20- Gold edged higher on Wednesday as a further fall in equities and oil burnished bullion's safe-haven draw, although the metal was restricted to narrow ranges. *Spot gold was up 0.2 percent at $1,088.66 an ounce by 0035 GMT. *The International Monetary Fund cut its global growth forecasts for the third time in less than a year, as new figures from Beijing...

  • LONDON, Jan 19- Britain should make it harder for companies to hire skilled workers from outside the European Union in order to boost the pay and training of local workers, advisers to the government said, prompting protests from employers groups. Prime Minister David Cameron wants to cut net migration overall to the tens of thousands, a target which has proven...

  • BERLIN, Jan 19- Tightening border controls between European Union countries would jeopardise EU integration and member states must address the influx of refugees into Europe by controlling the bloc's external borders, Germany's Finance Minister said on Tuesday. "We don't want to fall back into a time when borders were hindering the political and economic...

  • STRASBOURG, France, Jan 19- European Council President Donald Tusk issued a stark warning on Tuesday that the European Union had "no more than two months" to tackle the migration crisis engulfing the 28- nation bloc or else face the collapse of its passport-free Schengen zone. Tusk was speaking to the European Parliament in Strasbourg amid growing frustration...

  • Brent crude futures have fallen to their lowest level since late 2003, tumbling below $30 a barrel, after OPEC said in December it would not cut output to halt the price slide despite global oversupply. "Although we do not formally forecast OPEC oil production, in a scenario whereby Iran adds 600,000 bpd to the market by mid-year and other members maintain...

  • LONDON, Jan 19- Global financial markets seem to be overreacting to falling oil prices and the risk of a sharp downturn in China's economy, the chief economist of the International Monetary Fund said on Tuesday. Speaking after the IMF cut its global growth forecasts for the third time in less than a year, Maurice Obstfeld also said it was critical that China is...

  • Brent crude futures have fallen to their lowest level since late 2003, tumbling below $30 a barrel, after OPEC said in December it would not cut output to arrest the price slide despite global oversupply. With the world economy slowing, the IEA said it had cut its forecast for 2016 OPEC crude oil demand by 300,000 bpd to 31.7 million bpd. The IEA is sticking with its...

  • DIARY-Top Economic Events to Jan 29 Monday, 18 Jan 2016 | 8:10 PM ET

    TUESDAY, JANUARY 19 WASHINGTON- The International Monetary Fund will release its World Economic Outlook update and will hold a press conference hosted by the Bank of England- 1000 GMT. Speakers:- Austria Finance Minister Hans Jorg Schelling, Serbia Finance Minister Dusan Vujovic, Hungary National Economy Minister Mihaly Varga, National Bank of Austria...

  • BRUSSELS, Jan 18- The European Union reinforced on Monday its position that products made in Israeli settlements must be clearly labelled in Europe, despite growing tensions with Israel over the issue, but stressed that the bloc opposes any boycott of the Jewish state. EU foreign ministers said the guidelines on labels for farm and other products, which were...

  • BRUSSELS, Jan 18- The European Union reinforced on Monday its position that products made in Israeli settlements must be clearly labelled in Europe, despite growing tensions with Israel over the issue, but stressed that the bloc opposes any boycott of the Jewish state. EU foreign ministers said the guidelines on labels for farm and other products, which were...

  • BRUSSELS, Jan 18- The European Union reinforced on Monday its position that products made in Israeli settlements must be clearly labeled in Europe, despite growing tensions with Israel over the issue, but stressed that the bloc opposes any boycott of the Jewish state. EU foreign ministers said the guidelines on labels for farm and other products, which were...

  • *OPEC sees bigger pain for non-member producers from low prices. Responding to Tehran's compliance with a nuclear deal, the United States and major powers revoked international sanctions that had cut Iran's oil exports by about 2 million barrels per day since their pre-sanctions 2011 peak to little more than 1 million bpd. Iran, a member of the Organization of...

  • BRUSSELS, Jan 18- Europe is torn between upholding its values and pursuing its interests in the multiple crises over refugees, challenges to the rule of law, relations with Russia and Turkey, and Britain's membership that are shaking the European Union. To critics including human rights campaigners, Europe is too willing to betray its principles.

  • *Prospects of big rise in Iran output in 2016 uncertain. *OPEC sees bigger pain for non-member producers from low prices. Iran, a member of the Organization of the Petroleum Exporting Countries, issued an order on Monday to increase production by 500,000 bpd, the country's deputy oil minister said.

  • DUBAI, Jan 18- Iran has ordered a rise in oil output by 500,000 barrels a day following the lifting of sanctions, official media reported, but fellow OPEC member the United Arab Emirates said any extra crude would delay the market's recovery. "Iran is able to increase its oil production by 500,000 barrels a day after the lifting of sanctions, and the order to increase...

  • SAO PAULO, Jan 18- Economists raised their forecasts for Brazil's inflation rate in 2016 and 2017, a weekly central bank survey showed on Monday, adding pressure on policymakers as they meet this week to weigh a potential interest rate hike. Brazil is set to have both the worst recession and the third-highest inflation rate among G20 economies in 2016,...

  • *Sees larger drop in 2016 non- OPEC supply of 660,000 bpd. *OPEC output falls in December, reducing supply glut. *Iran's plan to boost output to counter non- OPEC decline.