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  • BRUSSELS, March 8- The European Union on Tuesday put off a decision on whether to extend approval for weedkiller ingredient glyphosate, used in herbicides including Monsanto's Roundup, after a dispute between EU and U.N. agencies over whether it causes cancer. Experts from all 28 member states attended a closed-door meeting on Monday and Tuesday in Brussels,...

  • *Kuwait producing 3 mln bpd- oil minister. Brent crude futures were trading at $41.43 a barrel at 1257 GMT, their highest since Dec. 9, up 59 cents on the day. OPEC members and other producers in Russia are also due to meet for talks on March 20, according to the Nigerian petroleum minister.

  • GENEVA, March 8- An agreement between the European Union and Turkey to manage flows of migrants and refugees might break the law if it does not safeguard human rights, and it could fragment migration routes, UNHCR's European director Vincent Cochetel said on Tuesday. "Collective expulsion of foreigners is prohibited under the European Convention on Human...

  • PARIS, March 8- Major advanced economies are seeing growth rates cool while the outlook is stabilising in China, the Organisation for Economic Cooperation and Development said on Tuesday. The outlook for Russia and Brazil is worsening, it said. The Paris- based organisation said its January monthly composite leading indicators, which are supposed to capture...

  • LONDON, March 8- Bank of England Governor Mark Carney on Tuesday backed Prime Minister David Cameron's European Union deal ahead of a June referendum on membership, saying the agreement allowed the central bank to do its job. The letter, dated March 7, said the deal sealed in February recognized Britain's need to supervise its banking sector and that some...

  • MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent in early trade while Japan's Nikkei bucked the trend and dipped 0.3 percent. Global oil markets jumped more than 5 percent on Monday, with Brent hitting a 2016 peak above $40 a barrel, after Ecuador said it was holding a meeting of Latin American crude producers as OPEC sought a higher...

  • SAO PAULO, March 7- Brazil's Foreign Ministry is working with its sugar industry and outside legal counsel to put together a formal challenge of Thai sugar subsidies at the World Trade Organization, the lead counsel in the case said on Monday. After this period, if Thai officials are unable to assuage the concerns of Brazil's sugar industry, it will likely pursue a...

  • *PIRA says OPEC seeks $50/ barrel for oil near-term. NEW YORK, March 7- Global oil markets jumped more than 5 percent on Monday, with Brent hitting a 2016 peak above $40 a barrel, after Ecuador said it was holding a meeting of Latin American crude producers as OPEC sought a higher anchor price for oil. Ecuador's Foreign Minister Guillaume Long said his government will...

  • *PIRA says OPEC seeks $50/ barrel for oil near-term. NEW YORK, March 7- Brent crude rose on Monday, hitting a 2016 peak above $40 a barrel as producers sought a new anchor price for oil after a selloff that has lasted nearly two years, although some analysts warned the global glut is still big. Monday's gains were helped by data showing a smaller-than-expected build in...

  • "They want $50 oil, this is going to become the new anchor for global oil prices," said Ross, one of the industry's most respected forecasters for his bold price predictions and decades-long history of consulting with OPEC members. After years of signaling satisfaction with prices hovering at around $100 a barrel, top exporter Saudi Arabia in late 2014 led OPEC in...

  • COLOMBO, March 7- Sri Lanka will receive a loan of $1.5 billion from the International Monetary Fund to boost foreign exchange reserves and avert a balance of payments problem, a government minister said on Monday. Sri Lanka's finances are under scrutiny after ratings agency Fitch last week downgraded its sovereign rating by a notch, to "B+", spurred by a ballooning...

  • A view of the acropolis in Athens

    Greece is courting another kind of migration crisis that may create new troubles for its struggling economy.

  • CESME, Turkey, March 6- As the European Union and Turkey focus on stemming the flow of Syrian refugees attempting perilous journeys across the Aegean sea to Greece, another migrant community whose numbers are also swelling says it is being overlooked. Largely denied the chance for legal resettlement in Europe and struggling to find work or support in Turkey,...

  • LONDON, March 6- A British vote to leave the European Union would damage the British, European and global economies, German Finance Minister Wolfgang Schaeuble said in an interview with the BBC. Prime Minister David Cameron has said Britain will be better off remaining in the bloc. He dismissed the idea that Britain could follow the example of countries such as...

  • LONDON, March 6- A British vote to leave the European Union would damage the British, European and global economies, German Finance Minister Wolfgang Schaeuble said in an interview with the BBC. And for years we would have such insecurity that would be a poison to the economy in the UK, the European continent and for the global economy as well, "Schaeuble said.

  • DUBAI, March 5- Iran complained on Saturday that European banks and companies were too wary about renewing business ties following the lifting of economic sanctions and said it had asked the International Monetary Fund to ease their concerns. In January, world powers led by the United States and the European Union lifted most sanctions on Iran in return for...

  • WASHINGTON, March 4- The International Monetary Fund said on Friday it will separately identify China's yuan currency in its official foreign exchange reserves database starting Oct. 1, a move prompted by the yuan's new status in the Fund's reserve currency basket. The move will aid China's effort to secure a bigger role for its currency, also known as the...

  • CAMBRIDGE, Mass., March 4- Turning the tide on global warming should be tackled by big and small steps that range from cutting subsidies to riding bicycles, International Monetary Fund managing director Christine Lagarde said on Friday. "Removing fossil fuel subsidies would go a long way to cutting consumption," Lagarde said in answer to a question at...

  • BRUSSELS, March 4- Germany, France and Britain pressed the European Union for more ambitious greenhouse gas targets at a meeting of environment ministers on Friday, clashing with the EU executive and several eastern and central European states. Germany's Jochen Flasbarth called the European Commission text "weak on the 2030 objectives."

  • ALGIERS, March 3- Algeria's state energy company Sonatrach has awarded Japanese firm GJC a $339 million contract to help increase production at its largest oilfield in Hassi Messaoud, according to an internal Sonatrach document seen by Reuters on Thursday. OPEC member Algeria has been hit hard by the crash in world oil prices and has struggled to attract...