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  • Brent crude's front-month contract was 20 cents lower at $41.34 a barrel by 0928 GMT, having earlier touched $41.71, its highest this year. U.S. crude was down 10 cents at $40.10 barrel, after rising to as high as $40.55-- higher than the previous peak of $40.36 reached on Thursday. "There is continuing jaw-boning about production cuts from OPEC members and...

  • BEIJING, March 18- China should open its markets to foreign business and implement overdue reforms if it wants to achieve its economic goals, a European business lobby said on Friday, weighing in on Beijing's new five-year plan. The European Union Chamber of Commerce in China said it welcomed China's goals to increase innovation, reform state-owned firms, and...

  • NEW YORK, March 17- Oil prices hit 2016 highs on Thursday, with U.S. crude surging 5 percent to pierce the $40 barrier, on optimism that major producers will strike an output freeze deal next month amid rising crude exports and gasoline demand in the United States. OPEC kingpin Saudi Arabia and non- OPEC producers led by Russia will meet on April 17 in the Qatar capital...

  • *U.S. crude up 4 pct to above $40, Brent up 3 pct to above $41. NEW YORK, March 17- Oil prices hit 2016 highs on Thursday, with U.S. crude piercing the $40 psychological barrier, on optimism that major producers will strike an output freeze deal next month amid soaring gasoline demand in the United States. OPEC kingpin Saudi Arabia and non- OPEC producers led by Russia will...

  • NEW YORK, March 17- U.S. crude hit 2016 highs on Thursday as oil markets rallied for a second straight day on optimism major producers will strike an output freeze deal in Qatar next month amid soaring gasoline demand in the United States. OPEC kingpin Saudi Arabia and non- OPEC producers led by Russia will meet on April 17 in the Qatar capital Doha, increasing the...

  • *OPEC, non- OPEC to meet April 17 on output freeze plan. OPEC and non- OPEC producers including the top two exporters, Saudi Arabia and Russia, will hold talks on April 17 in Qatar over a plan to freeze output, increasing the likelihood of the first global supply deal in 15 years. Brent crude was up 51 cents at $40.84 by 1335 GMT and traded as high as $41.44.

  • *OPEC, non- OPEC to meet April 17 on output freeze plan. LONDON, March 17- Oil rose above $41 a barrel on Thursday, trading close to a 2016 high, bolstered by a plan among some of the world's biggest producers to meet next month to discuss supporting the market. OPEC and non- OPEC producers including the top two exporters, Saudi Arabia and Russia, will meet on April 17 in Qatar...

  • CAPE TOWN- WTO DIRECTOR GENERAL AZEVEDO HOPES THE PROCESS WILL MOVE AS QUICKLY, MUCH WILL DEPEND ON IRAN'S ABILITY TO MAKE PROPOSALS.

  • PRESTON, England, March 17- Arguments on the merits of the European Union and whether workers should gamble with their jobs by voting to leave the bloc are becoming something of an obsession on factory floors across Britain. At one plant which makes Typhoon eurofighter jets for BAE Systems in northwestern England, employees have gone over the debate so many...

  • *Norway has been cited as model for Britain if it leaves the EU. OSLO, March 16- It sounds like the best of both worlds: Norway sells fresh and frozen salmon worth billions of dollars to the European Union almost tariff-free, while curbing EU food imports to protect local farmers. Norway, unlike Britain, has joined the passport-free Schengen area facilitating worker...

  • Oil producers including Gulf OPEC members support holding talks next month on a deal to keep production at current levels, even if Iran declines to participate, OPEC sources said on Wednesday. U.S. crude was up 65 cents at $39.11 a barrel at 0452 GMT, having earlier risen as high as $39.38. Brent crude rose 38 cents to $40.71, after finishing up $1.59, or 4.1 percent, at...

  • TOKYO, March 17- Oil futures rose 2 percent in Asian trade on Thursday, adding to strong gains in the previous session after the world's biggest suppliers firmed up plans to meet to discuss an output freeze. Oil producers including Gulf OPEC members support holding talks next month on a deal to keep production at current levels even if Iran declines to...

  • TOKYO, March 17- U.S. oil futures rose more than 2 percent in early Asian trade on Thursday, adding to strong gains the previous session after the world's biggest suppliers firmed up plans to meet to discuss freezing output. Oil producers including Gulf OPEC members support holding talks next month on a deal to keep production at current levels even if Iran...

  • LONDON, March 16- Doubling the share of renewables in the global energy mix to 36 percent by 2030 could save the would economy up to $4.2 trillion a year, research by the International Renewable Energy Agency showed on Wednesday. Doubling the current share would help achieve a global target to limit the rise in the global average temperature to below 2 degrees...

  • LONDON, March 16- British finance minister George Osborne handed tax sweeteners to voters and small businesses ahead of a June referendum on European Union membership but warned the economy would grow more slowly than previously forecast. Cuts in corporation and capital gains taxes and moves to ease income tax for many households were also aimed at pleasing...

  • BRUSSELS, March 16- The European Union warned on Wednesday that a deal with Turkey to curb mass migration to Europe hinges on Ankara acting to support peace talks in EU member Cyprus. European Council President Donald Tusk, who will chair an EU summit on Thursday and Friday, said much remained to be done to reach a deal with Turkey. EU officials offered last-minute...

  • March 16- Oil producers including Gulf OPEC members support holding talks next month to discuss a deal to freeze output even if Iran declines to participate, OPEC sources said, as political pressure to prop up prices increases. OPEC and non- OPEC producers will meet in Doha on April 17, Qatari Energy Minister Mohammed bin Saleh Al-Sada said, following a February...

  • March 16- OPEC and non- OPEC producers will hold a meeting in the Qatari capital on April 17, the Qatari energy minister, who is also the current OPEC president, said on Wednesday. "This comes as a follow-up to the meeting that was held last month in Doha between Qatar, Saudi Arabia, Russia and Venezuela at which they proposed an accord to freeze oil output at January 2016...

  • March 16- Oil producers including Gulf OPEC members support holding a meeting next month to discuss a deal to freeze output even without Iran, OPEC sources said, as political pressure to prop up prices increases. While an exemption for Iran is not ideal, it is not a deal breaker, OPEC sources said. "It's a setback but it will not necessarily change the positive...

  • NEW YORK, March 15- Anti-bribery groups are raising concerns about governments expanding the use of deals that let companies accused of crimes avoid prosecution if they promise to implement reforms and pay heavy fines, ahead of an OECD anti-bribery meeting in Paris on Wednesday. Transparency International, the London- based Corruption Watch and other groups...