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  • Oil futures slip further after oversupply forecast Sunday, 13 Dec 2015 | 8:13 PM ET

    TOKYO, Dec 14- Crude oil futures slipped in early Asian trade, adding to a slump on Friday following a forecast from the International Energy Agency that the global glut of oil is likely to deepen next year. Brent crude, the global benchmark, fell below $38 a barrel for the first time since December 2008 on Friday after the IEA said demand growth is slowing, while OPEC...

  • WASHINGTON, Dec 12- International Monetary Fund chief Christine Lagarde on Saturday hailed the landmark accord reached in Paris "a critical step forward" for addressing global climate change in the 21st century and said her key message is to "price carbon right." "Governments must now put words into actions, in particular by implementing policies that make...

  • LONDON, Dec 11- Two credit rating agencies said on Friday that Britain risked a hit to its creditworthiness and possibly a downgrade due to Prime Minister David Cameron's decision to hold a vote on whether to leave the European Union. Shortly after the International Monetary Fund said the referendum could hurt Britain's growth prospects, Standard& Poor's said...

  • LONDON, Dec 11- The only major ratings agency which still gives Britain a triple-A ranking said on Friday the country remained at risk of a downgrade due to Prime Minister David Cameron's decision to hold a vote on whether to leave the European Union. Shortly after the International Monetary Fund said uncertainty over the referendum could hurt Britain's...

  • ATHENS, Dec 11- Greece and its international lenders have agreed on a set of reforms needed for Athens to receive 1 billion euros in fresh loans under its bailout, Greek Finance Minister Euclid Tsakalotos told reporters on Friday. The reforms relate to the structure of a new privatization fund whose revenues will be used to boost investment and pay down the...

  • *DuPont, Dow Chemical fall after agreeing to merge. The International Energy Agency said it sees the oil glut worsening in 2016 as demand slows and OPEC shows no signs of slowing production. The CBOE volatility index, known as Wall Street's "fear gauge," was up 19.5 percent at 23.10, its highest level since early October.

  • NEW YORK, Dec 11- Stock markets worldwide tumbled on Friday as falling Brent crude oil prices to seven-year lows and a drop in China's yuan currency stoked investor risk aversion ahead of a widely anticipated U.S. interest rate increase next week. Indeed, the International Energy Agency said it sees the oil glut worsening in 2016 as demand slows and OPEC shows no...

  • *DuPont, Dow Chemical fall after agreeing to merge. The International Energy Agency said it sees the oil glut worsening in 2016 as demand slows and OPEC shows no signs of slowing production. Adding to the somber mood, China's yuan fell to its lowest in 4-1/ 2 years on concerns about the country's slowing economy and expectations of a U.S. rate hike.

  • *DuPont, Dow Chemical fall after agreeing to merge. The International Energy Agency said it sees the oil glut worsening in 2016 as demand slows and OPEC shows no signs of slowing production. Adding to the somber mood, China's yuan fell to its lowest in 4-1/ 2 years on concerns about the country's slowing economy and expectations of a U.S. rate hike.

  • LONDON, Dec 11- Uncertainty about the outcome of Britain's referendum on leaving the European Union could hurt its economy, the International Monetary Fund said on Friday, though it also praised the way the country has bounced back from the global financial crisis. In a contrast to tension in recent years between Fund staff and finance minister George Osborne...

  • LONDON, Dec 11- Britain's motorists have Saudi oil minister Ali al-Naimi to thank as the country's supermarkets cut the price of petrol to less than one pound per litre for the first time in six years. Brent prices have fallen to $39 per barrel for the first time since 2008/ 09 after the Organization of the Petroleum Exporting Countries failed to agree a production...

  • IMF warns UK growth could suffer due to EU vote Friday, 11 Dec 2015 | 6:30 AM ET

    LONDON, Dec 11- Uncertainty about the outcome of Britain's referendum on leaving the European Union could cloud an otherwise positive outlook for the country's economic growth, the International Monetary Fund on Friday. Prime Minister David Cameron has said he will hold a referendum on Britain's EU membership by the end of 2017, after attempting to...

  • LONDON, Dec 11- Crude oil prices hit fresh seven-year lows on Friday as the International Energy Agency warned global oversupply could worsen in the new year. Brent crude futures were down 60 cents at $39.13 a barrel at 1058 GMT, bouncing slightly from a session low of $38.90. Prices have tumbled this month after OPEC failed to impose a ceiling on output.

  • SHANGHAI, Dec 11- The People's Bank of China set its official midpoint rate at 6.4358 per dollar prior to the market open on Friday, its weakest level since Aug. 5, 2011, and 0.2 percent weaker than the previous fix of 6.4236. Last week, the International Monetary Fund announced that it would include the yuan in its Special Drawing Rights basket alongside the dollar,...

  • *Market ignores forecast of sharp drop in 2016 non- OPEC supply. Futures of Brent and U.S. crude's West Texas Intermediate struck near seven-year lows for a fourth day in a row in continued fallout from an OPEC meeting last week that abandoned price support measures. But OPEC also struck a bearish chord by saying its group output rose by 230,000 bpd in November to...

  • *Market ignores forecast of sharp drop in 2016 non- OPEC supply. Futures of Brent and U.S. crude's West Texas Intermediate struck February 2009 lows for a fourth day in a row in continued fallout from an OPEC meeting last week that abandoned price support measures. Despite that, OPEC left its forecast for 2016 world oil demand unchanged at 1.25 million bpd.

  • *Ukraine has $3 bln debt to Russia due Dec. 20. *Russia criticizes decision but generally backs IMF. MOSCOW, Dec 10- Russia has no plan to cancel its membership in the International Monetary Fund after the organisation changed its operating rules in a way that may support Ukraine in a debt dispute with Russia, Finance Minister Anton Siluanov said on Thursday.

  • U.N. cuts 2015 global economic growth forecast to 2.4 pct Thursday, 10 Dec 2015 | 11:34 AM ET

    UNITED NATIONS, Dec 10- The United Nations on Thursday said it cut its forecast for global economic growth in 2015 by 0.4 percentage point to 2.4 percent, largely due to lower commodity prices, increased market volatility and slow growth in emerging market economies. The International Monetary Fund, also in the U.N. family, said in October that it had cut its global...

  • *OPEC raises November output by 230,000 bpd, most since 2008. *Sees larger drop in 2016 non- OPEC supply, but raises 2015. "U.S. tight oil production, the main driver of non- OPEC supply growth, has been declining since April," OPEC said in the report.

  • IMF GENERAL COUNSEL SAYS LENDING RULE CHANGE CRITICIZED BY RUSSIA FIXES WEAKNESS IN SYSTEM.