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  • Immigration curbs to weigh on Swiss growth - OECD Tuesday, 1 Dec 2015 | 8:30 AM ET

    ZURICH, Dec 1- A dynamic and open Swiss economy has weathered a strong franc with little impact, the Organisation for Economic Cooperation and Development said on Tuesday, but it warned that curbs on immigration pose bigger challenges ahead. Immigration accounts for much of the nation of 8.2 million's traditionally robust economic growth, the economic think...

  • HONG KONG, Dec 1- The International Monetary Fund's decision to add China's yuan to its reserves basket is a triumph for Beijing, but the fund's verdict that the currency met its "freely usable" test will have little financial impact unless Beijing recruits more users. But to serve these purposes, there needs to be a much bigger pool of yuan outside China, which...

  • VIENNA, Dec 1- Saudi Oil minister Ali al-Naimi rebuffed questions about OPEC strategy and a likely decision on Friday after his arrival in Vienna on Tuesday. When asked if Saudi Arabia's strategy of defending its market share is working, Naimi responded with questions: "Which strategy? Oil ministers from the Organization of the Petroleum Exporting Countries...

  • LONDON, Dec 1- The euro bounced back from a 7-1/ 2- month low on Tuesday, as doubts crept in over whether the European Central Bank will deliver enough to push the euro down further at a meeting on Thursday, and after European economic data beat forecasts. But data showing unemployment in Germany hitting a record low, and euro zone manufacturing growth at a 19- month...

  • *OPEC meets Friday in Vienna, expected to keep output high. LONDON, Dec 1- Crude oil prices steadied on Tuesday as the dollar eased, but with OPEC widely expected to stick to its output target this week, concern about oversupply remained in focus. The European Central Bank will announce its latest policy decision on Thursday, OPEC's decision on output is due on Friday...

  • *IMF's Lagarde, China central bank say reforms to continue. HONG KONG, Dec 1- The International Monetary Fund's decision to add China's yuan to its reserves basket is a triumph for Beijing, but the fund's verdict that the currency met its "freely usable" test will have little financial impact unless Beijing recruits more users. But to serve these purposes, there...

  • *OPEC meets Friday in Vienna, expected to keep output high. LONDON, Dec 1- Crude oil prices rose on Tuesday as the dollar eased slightly, but with OPEC widely expected to stick to its output target this week, concern about oversupply remained in focus. The European Central Bank is set to announce its latest policy decision on Thursday, OPEC's decision on output is due...

  • *OPEC meets Friday in Vienna, expected to keep output high. SINGAPORE, Dec 1- Crude oil prices rose on Tuesday as the dollar eased slightly, but concerns about oversupply remained front of mind with OPEC expected to keep its output target unchanged at a policy meeting on Friday. U.S. crude was trading up 34 cents at $41.99 a barrel at 0726 GMT, but was still down more than...

  • BEIJING, Dec 1- The president-elect of China's new international development bank said he expects the institution to lend $10 billion- $15 billion a year for the first five or six years, and sought to allay concerns that the lender will be a tool of Beijing. A successful Asian Infrastructure Investment Bank that sets itself apart from the World Bank would be a...

  • SHANGHAI, Dec 1- China's yuan barely moved against the dollar on Tuesday, after the International Monetary Fund admitted the Chinese currency into its global currency basket. While the decision was a victory for Beijing's campaign for more clout on the global economic stage, China's slowdown was more likely to affect currency movements in the short term.

  • BEIJING, Dec 1- China will intervene in the yuan currency market when there are abnormal international payment or capital moves, Deputy Governor of the People's Bank of China Yi Gang said on Tuesday. Yi added that wider two-way fluctuations of the yuan would be normal, and they would be decided by market demand. The International Monetary Fund on Monday admitted...

  • *OPEC meets Friday in Vienna, expected to keep output high. *Oversupply seen to last until mid-2016- Morgan Stanley. SINGAPORE, Dec 1- Crude oil prices held at low levels in early trading in Asia on Tuesday as traders bet on continued high production from the Organization of the Petroleum Exporting Countries ahead of its meeting later this week.

  • SHANGHAI, Dec 1- China's yuan was flat at the market open on Tuesday, one day after the International Monetary Fund admitted it into its benchmark currency basket. The People's Bank of China set the midpoint rate at 6.3973 per dollar prior to market open, weaker than the previous fix of 6.3962, and firmer than the previous day's closing quote of 6.3981.

  • *OPEC meets Friday in Vienna, expected to keep output high. On OPEC policy, which is heavily influenced by its biggest producer, Saudi Arabia, the bank said that it expected "to see Saudi Arabia hold and keep oil production steady in the face of declining prices." OPEC has shown resolve to stick to the decision adopted at last year's policy meeting to pump oil...

  • *Reuters says OPEC output rose 130 bpd in November. NEW YORK, Nov 30- Crude oil fell on Monday, reversing an early rally, after a survey estimated higher OPEC output in November and a stronger dollar weighed on demand for commodities priced in the currency. Benchmark Brent crude futures settled down 25 cents, or 0.6 percent, at $44.61 a barrel, after rising nearly $1...

  • *Rally fizzles after pre- OPEC hedging, products strength. *Market weighed by Reuters survey on higher OPEC output. NEW YORK, Nov 30- Brent futures edged lower while U.S. crude gave back much of its earlier gains on Monday as a pre- OPEC- meeting rally and run-up in U.S. refined oil products faltered.

  • VIENNA, Nov 30- OPEC oil output has risen in November from the previous month, a Reuters survey found on Monday, led by a rebound in Iraqi exports after bad weather had temporarily halted supply growth from the group's second-largest producer. OPEC supply has risen in November to 31.77 million barrels per day from 31.64 million in October, according to the survey,...

  • CHINESE CENTRAL BANK SAYS WELCOMES ADDITION OF YUAN INTO IMF CURRENCY BASKET AS ENDORSEMENT OF CHINA'S ECONOMIC DEVELOPMENT AND REFORM.

  • WASHINGTON, Nov 30- The International Monetary Fund on Monday, as expected, admitted China's yuan into its benchmark currency basket in a victory for Beijing's campaign for recognition as a global economic power. The IMF executive board's decision to add the yuan, also known as the renminbi, to the Special Drawing Rights basket alongside the dollar, euro, pound...

  • VIENNA, Nov 30- OPEC oil output has risen in November from the previous month, a Reuters survey found on Monday, led by a rebound in Iraqi exports after bad weather had temporarily halted supply growth from the group's second-largest producer. OPEC supply has risen in November to 31.77 million barrels per day from 31.64 million in October, according to the survey,...