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  • LAGARDE SAYS IMF COMMITTED TO GOAL OF HELPING TO ENSURE GLOBAL ECONOMIC AND FINANCIAL STABILITY, INTERNATIONAL COOPERATION.

  • IMF SAYS BOARD ELECTS CHRISTINE LAGARDE TO SECOND FIVE-YEAR TERM AS MANAGING DIRECTOR, STARTING JULY 5.

  • JOHANNESBURG, Feb 19- A union representing about 800 workers on strike at LafargeHolcim's South African unit on Friday denied it had reached a wage deal with the cement maker. LafargeHolcim said on Wednesday the National Union of Mineworkers had accepted an 8 percent wage increase, raising the prospect of an end to the week-long walkout. LafargeHolcim employs...

  • *Russia sees its 2016 oil output up 1.5 pct y/y. KRASNOYARSK, Russia, Feb 19- The global oil market is over-supplied by around 1.8 million barrels per day, but that glut could be halved if a deal to freeze oil production at last month's levels takes effect, a top Russian energy official said on Friday. Leading OPEC member Saudi Arabia, non- OPEC member Russia, Qatar and...

  • *Saudi Arabia will not cut production- foreign minister. Oil prices had risen by more than 14 percent earlier in the week on Saudi Arabia and Russia's agreement to freeze output at January levels. Iraq's oil minister Adel Abdul Mahdi said on Thursday that talks would continue between OPEC and non- OPEC members to find ways to restore "normal" oil prices after a...

  • SINGAPORE, Feb 19- Oil futures fell in Asian trade on Friday as a record build in U.S. crude stocks stoked concerns about global oversupply, outweighing moves by oil producers including Saudi Arabia and Russia to cap oil output. That came as Iraq's oil minister Adel Abdul Mahdi said on Thursday that talks would continue between OPEC and non- OPEC members to find...

  • SINGAPORE, Feb 19- U.S. oil futures fell in early Asian trade on Friday as record crude stocks renewed concerns about global oversupply, outweighing moves by oil producers including Saudi Arabia and Russia to cap oil output. That would be the first such deal in 15 years between the Organization of the Petroleum Exporting Countries and non- OPEC members.

  • CARACAS, Feb 18- Venezuela's central bank on Thursday released long-awaited data showing the depth of the OPEC country's recession, a day after President Nicolas Maduro announced a package of measures seen as insufficient to salvage the unraveling economy. Venezuela's fuel- the world's cheapest- will be increased in price for the first time in nearly 20 years...

  • CARACAS, Feb 18- Venezuela's central bank on Thursday released long-awaited data showing the depth of the OPEC country's recession, a day after President Nicolas Maduro announced a package of measures seen as insufficient to salvage the unraveling economy. Venezuela's fuel- the world's cheapest- will be increased in price for the first time in nearly 20 years...

  • WASHINGTON, Feb 18- The World Bank said on Thursday it is making $150 million in financing immediately available to help combat the Zika virus outbreak in affected Latin American and Caribbean countries. Mexico and Cuba would take the worst hits by dollar value this year, it said, reducing their GDP by $744 million and $664 million, respectively, as it expects the...

  • *Iran supports deal to cap oil output, offers no action. *Iraq says OPEC, non- OPEC to continue talks. Earlier in the session, Brent rallied above $35, adding to Wednesday's surge, after Iran welcomed this week's plan by Russia and Saudi Arabia to freeze output and also supported by the API report.

  • NEW YORK, Feb 18- A gauge of stocks across the globe extended its best run of the year on Thursday, with higher oil prices supporting risk assets even as earnings in Europe and the United States limited gains. Confident talk that European Union leaders will reach a deal to help keep Britain in the bloc also gave markets support despite lingering concern about the...

  • *Merkel says wants Britain to stay, Hollande warns. *Stakes high for Britain and the EU. BRUSSELS, Feb 18- Prime Minister David Cameron said on Thursday that hard work and goodwill should help him to clinch a deal at a European Union summit, described by leaders of the 28- nation bloc as the best chance of preventing Britain leaving.

  • CARACAS, Feb 18- Venezuela's inflation hit 180.9 percent and the economy contracted 5.7 percent last year, the central bank said on Thursday, spotlighting the OPEC country's economic disarray. The unexpected release of figures came a day after Venezuela's President Nicolas Maduro revamped the country's complex exchange rates and raised the price of fuel...

  • BRUSSELS, Feb 18- A settlement between Britain and the European Union aimed at securing London's future as a financial centre could end up having the opposite effect and eroding the influence of the City of London over the long term, regulators and analysts say. There is still disagreement over the safeguards sought by Britain to stop the euro zone from imposing...

  • BRUSSELS, Feb 18- Prime Minister David Cameron said on Thursday hard work and good will should help him clinch a deal at a European Union summit, described by leaders of the 28- nation bloc as the best chance of preventing Britain leaving. Cameron is keen to end the week in Brussels with a deal that he can call a victory so he can then start campaigning to keep Britain...

  • BRUSSELS, Feb 18- The extent to which British regulators can write their own banking rules remains a stumbling block ahead of a summit of European Union leaders on Thursday that will try to thrash out a deal to keep Britain in the bloc. The draft says regulators outside the euro zone, such as the Bank of England in London, are responsible for supervision of their own...

  • BRUSSELS, Feb 18- Prime Minister David Cameron faces arguments on Thursday and Friday with his EU peers on the following outstanding issues in a draft reform package to help him campaign to keep Britain in the European Union:. One of only two EU states to neither use the euro nor be bound to adopt it in time, Britain stands alone in insisting there will never be just...

  • BRUSSELS, Feb 18- Prime Minister David Cameron will hold' now or never' talks on Thursday to keep Britain in the European Union, with the bloc's leaders suggesting there are only a few obstacles left to a new membership deal. Cameron is keen to end the week in Brussels with a deal that he can hail as a victory and then start campaigning to keep Britain inside the 28-...

  • PARIS, Feb 18- Following are updated forecasts from the Organisation for Economic Cooperation and Development for growth in the world's main developed economies in 2015 and 2016. The estimates update forecasts given in the OECD's Economic Outlook from November using a simplified process. Estimate Estimate World 3.0 3.0 -0.3 3.3 -0.3 United States 2.4 2.0...