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  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials who met...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatize its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials who met...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials...

  • FRANKFURT, Germany— Europe's top economic authorities warned Thursday of dangers to the region's economy amid slower growth in China, weaker global trade and heightened geopolitical uncertainties. Mario Draghi, the head of the European Central Bank, said it was imperative to act swiftly to help the economy and lift inflation, while the European Union...

  • ISLAMABAD, Feb 4- The International Monetary Fund said on Thursday it had agreed to release a $497 million tranche for Pakistan after the latest review of a bailout package awarded in 2013, though the disbursement still requires IMF board approval. Once the latest disbursement is made the IMF will still have to release $1.1 billion of the total $6.7 billion...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials...

  • *OPEC- member Venezuela lobbies for producer meeting to cut output. *Morgan Stanley cuts 2016 Brent forecast to $30/ b, 2017 to $40/ b. U.S. crude futures were trading at $32.68 per barrel at 0119 GMT on Thursday, up 40 cents from the previous session's close when they rallied 8 percent from below $30 per barrel.

  • *OPEC- member Venezuela lobbies for producer meeting to cut output. SINGAPORE, Feb 4- U.S. crude oil prices extended gains from the previous session on Thursday, as a weaker dollar and ongoing yet unconfirmed talk of producers potentially meeting to discuss output cuts lifted the market despite record U.S. stocks. West Texas Intermediate crude futures were...

  • LIMA/ WASHINGTON, Feb 3- Peru has become the latest commodity exporter to seek financing help from the World Bank amid fiscal and currency pressures brought on by collapsing prices for metals, oil and other raw materials. Peruvian government sources and a World Bank official said on Wednesday that talks were underway for two new credit lines that will bolster...

  • LIMA/ WASHINGTON, Feb 3- Peru is in talks with the World Bank to secure two new credit lines that may be used to help Lima weather fiscal pressures brought on by the collapse of commodity prices, Peruvian government and World Bank sources said on Wednesday. Amounts for the three-year loan facilities could not be disclosed as discussions are continuing and the...

  • Comments by Russia's Foreign Minister reiterating the major producer's willingness to meet if there was consensus among the OPEC and non- OPEC members, also reignited hopes of a deal to trim output and helped to boost prices as much as 7 percent. Brent futures rose $1.95, or 5.9 percent, to $34.67 a barrel by 1:12 p.m. EST, after rising as high as $34.93.

  • *UK wants to ensure control of City of London regulation. LONDON, Feb 3- European Union proposals to make it harder for euro zone countries to impose rules on Britain's financial sector need fleshing out so they work on the ground, Bank of England Deputy Governor Andrew Bailey said on Wednesday. Let's now flesh them out, "Bailey said about Tuesday's proposals from...

  • LONDON, Feb 3- Oil rose on Wednesday after Russia repeated its willingness to take part in talks with OPEC producers to cut output and boost prices, although analysts said rising U.S. crude inventories could put a brake on a bigger rally. Russian Foreign Minister Sergei Lavrov said if there is consensus among the Organization of the Petroleum Exporting...

  • NEW YORK, Feb 3- U.S. Oil rose after Russia reiterated its openness to talking with OPEC about output cuts, which helped revive hope among investors that the world's largest producers could act to boost prices. "Oil is up slightly and the ADP number was maybe a little bit stronger than what the market was looking for," said Gary Pollack, head of fixed income trading at...

  • Oil prices pared some losses after Russia reiterated its openness to talking with OPEC about output cuts, which helped revive hope among investors that the world's largest producers could act to boost prices. Oil prices have fallen about 70 percent in the past 18 months, hit by a growing glut and cooling economic growth in China and other emerging markets.

  • *Oil prices pared some losses after Russia reiterated its openness to talking with OPEC about output cuts, which helped revive hope among investors that the world's largest producers could act to boost prices. *Oil prices have fallen about 70 percent in the past 18 months, hit by a growing glut and cooling economic growth in China and other emerging markets.

  • LONDON, Feb 3- Oil rose on Wednesday, paring earlier losses after Russia reiterated its openness to talking with OPEC about output cuts, which helped revive hope among investors that the world's largest producers could act to boost prices. Russian Foreign Minister Sergei Lavrov said if there is consensus among the Organization of the Petroleum Exporting...

  • LONDON, Feb 3- Oil rose on Wednesday, paring earlier losses after fresh comments from Russia about its openness to talk with OPEC over output cuts helped revive hope among investors that the world's largest producers could act to boost prices. Russian Foreign Minister Sergei Lavrov said if there is consensus among the Organization of the Petroleum Exporting...

  • AMSTERDAM, Feb 2- The European Union will hold public consultations in the coming months to gather the opinions of industry and trade unions on whether to relax trade barriers against China at the end of the year, as Beijing demands. At issue is whether it grants China "market economy status" from December, which would make it far harder for Europe to impose...

  • Shares of Exxon fell 2.3 percent to $74.54 after the oil major reported its smallest quarterly profit in more than a decade and forecast a 25- percent drop in capital spending from 2015 levels. Brent oil and U.S. crude fell as hopes faded for a deal between OPEC and Russia on output cuts. "The fact that slashed capex so much is an indication that another oil company is...