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  • TWO OPEC DELEGATES SAY LATEST PRICE FALL TO HELP REDUCE OVERSUPPLY BY END OF YEAR, LIFT PRICES SLIGHTLY.

  • *IMF always believed Greece's debt was unsustainable. WASHINGTON/ ATHENS, Aug 28- Many of the top brass of the International Monetary Fund always had concerns about the plans to bail out Greece. He slammed IMF forecasts for Greece as overly optimistic- "Panglossian."

  • NEW YORK, Aug 28- The nearly two-month-long slide in oil prices to 6-1/ 2 year-lows has been a boon to many so-called systematic funds, which trade based on technical signals or computer algorithms rather than fundamentals. While most market commentary has focused on the persistent glut in the global market caused by unrelenting OPEC output and surprisingly...

  • Qatar's oil minister Mohammed al-Sada, who is the president of the OPEC conference, is among those Venezuela has contacted, the Journal reported on Thursday, citing people familiar with the matter. Iran's Oil Minister Bijan Zanganeh blamed the latest drop in oil prices on some members of OPEC and questioned whether any OPEC emergency meeting would reach an...

  • BRUSSELS, Aug 27- Google, the world's most popular Internet search engine, rejected on Thursday European Union antitrust charges that it abused its market power, saying they lacked any economic or legal basis. "Economic data spanning more than a decade, an array of documents and statements from complainants all confirm that product search is robustly...

  • WASHINGTON, Aug 27- The International Monetary Fund on Thursday urged all investors holding Ukrainian sovereign bonds denominated in euros to embrace a debt relief deal struck earlier in the day between Kiev and a committee of creditors. "We welcome today's agreement," IMF Managing Director Christine Lagarde said in a statement, adding that the deal could help...

  • President Rafael Correa explained on Tuesday, during a visit to areas threatened by the Cotopaxi volcano, that it costs the OPEC nation $39 to produce a barrel of oil for which it only receives $30. Ecuador produces 538,000 barrels a day and under current circumstances stands to lose up to $3 million a day on them, though the state-owned Petroecuador oil company...

  • WASHINGTON, Aug 26- The World Trade Organization has ruled against India in a dispute with the United States over its solar power program, Indian business newspaper Mint reported on Wednesday. Mint quoted an unnamed official from the Indian commerce ministry as saying the country planned to appeal the decision, made after the United States complained about...

  • *Greece deal shows "pick and mix" approach to bank rescues. LONDON, Aug 26- European Union rules to shield taxpayers from having to rescue ailing banks should be applied flexibly because of broader economic imperatives highlighted by the latest Greek rescue package, analysts and lawyers say. Euro zone finance ministers this month agreed an 86 billion euro third...

  • WARSAW, Aug 25- Poland will join the Chinese-led Asian Infrastructure Investment Bank to boost its ties to Asia and create new business opportunities for Polish companies, the government said on Tuesday. The AIIB is seen as a potential rival to the World Bank and Asian Development Bank. Despite initial opposition from Washington, almost all major U.S. allies-...

  • *Algeria, Iran air prospect of emergency OPEC meeting. *OPEC has not held emergency meeting for years. Although OPEC's statutes say support from a simple majority of the 12 members can trigger an extraordinary meeting, none will occur without support from Saudi Arabia, which has yet to give its blessing, OPEC delegates say.

  • BRUSSELS, Aug 25- European Union antitrust authorities are investigating possible anti-competitive practices in precious metals trading as they joined other regulators in a crackdown on possible rigging of the markets. The EEA refers to the 28- country European Union, plus Iceland, Liechtenstein and Norway. "In April 2015, the European Commission issued a...

  • LONDON, Aug 25- Saudi Arabia and its OPEC allies are counting on strong growth in demand coupled with slower growth in non- OPEC supply to rebalance the oil market in 2016.. But the experience of the "lost decade" after prices slumped in 1986 suggests rebalancing could take longer than some OPEC members and market analysts expect. Non- OPEC supplies were flat between...

  • LONDON, Aug 24- Saudi Arabia's strategy for rebalancing the oil market through a period of lower prices shows few signs of working so far- with rival producers claiming they will raise output even as prices slide to new lows. Within OPEC, other producers, principally Iraq and Iran, are determined to continue raising their output even as prices slump.

  • *Iran says OPEC meeting could help stabilise prices. It's all about China, " Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt, told Reuters Global Oil Forum. Brent oil was trading down $1.20, or 2.6 percent, at $44.26 a barrel at 0750 GMT, after hitting an intraday low of $44.00, its weakest since March 2009.

  • Brent oil lost 44 cents at $45.02 a barrel as of 0125 GMT after hitting its intraday low of $45.00 earlier the day. Iran's Oil Minister Bijan Zanganeh said on Sunday that holding an emergency OPEC meeting may be "effective" in stabilising the oil price, Iran's oil ministry news agency Shana reported. There was a similar call by Algeria earlier this month, which other...

  • SEOUL, Aug 24- U.S. crude futures edged down to around $40 a barrel on Monday, close to a 6-1/ 2- year low as investors continue to worry about weak demand as China's economy slows amid a global supply surplus. *Iran's Oil Minister, Bijan Zanganeh, said on Sunday that holding an emergency OPEC meeting may be "effective" in stabilizing the oil price, Iran's oil ministry news...

  • DUBAI, Aug 23- Iran's Oil Minister, Bijan Zanganeh, said on Sunday that holding an emergency OPEC meeting may be "effective" in stabilizing the oil price, Iran's oil ministry news agency Shana reported. Algeria said earlier this month that the Organization of Petroleum Exporting Countries could hold an emergency meeting to discuss the drop in oil prices but other...

  • DUBAI, Aug 23- Iran's Oil Minister, Bijan Zanganeh, said on Sunday that holding an OPEC emergency meeting may be "effective" to stop the oil price slump, Iran's oil ministry news agency Shana reported. "Iran endorses an emergency OPEC meeting and would not disagree with it," he told reporters in Tehran, according to Shana. While OPEC rules say a simple majority of the 12...

  • IMF official says "premature" to speak of Chinese crisis Saturday, 22 Aug 2015 | 10:19 AM ET

    RIMINI, Italy, Aug 22- China's economic slowdown and a sharp fall in its stock market herald not a crisis but a "necessary" adjustment for the world's second biggest economy, a senior International Monetary Fund official said on Saturday. Fresh evidence of easing growth in China hammered global stock markets on Friday, driving Wall Street to its steepest one-day...