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  • *EU Commission says no bias against U.S. companies. Treasury Secretary Jack Lew called on the European Union to reconsider tax probes targeting U.S. companies on Thursday, arguing that such moves represented disturbing precedents. Lew made the plea in a letter to European Commission President Jean-Claude Juncker and EU antitrust chief Margrethe Vestager, a...

  • WASHINGTON, Feb 11- The International Monetary Fund is concerned about recent sharp share price declines for European banks, as a robust banking sector is needed to sustain economic recovery, IMF spokesman Gerry Rice said on Thursday. "To the extent that the recent sell-off reflects deteriorating prospects for European banks, the decline is indeed a concern,"...

  • IMF SPOKESMAN SAYS RECENT SHARE PRICE DECLINES OF EUROPEAN BANKS IS A CAUSE FOR CONCERN.

  • WASHINGTON, Feb 11- International Monetary Fund chief Christine Lagarde has been nominated to a second term as the agency's managing director, the IMF said in a statement on Thursday. "Christine Lagarde has done an exceptional job leading the IMF for the last five years, guiding the Fund at a critical time for the global economy," U.S. During her tenure, Lagarde has...

  • LONDON, Feb 11- "The aluminium market continues to, in our view, face the greatest bearish fundamental shock in a generation, and perhaps, in its history." The Wall Street heavyweight is now projecting aluminium will trade at $1,350 per tonne on a 12- month horizon, down from its previous estimate of $1,550. On the London Metal Exchange three-month metal is today...

  • U.S. TREASURY BACKS SECOND TERM FOR IMF CHIEF LAGARDE -STATEMENT.

  • WASHINGTON, Feb 11- International Monetary Fund chief Christine Lagarde has been nominated to second term as the agency's managing director, the IMF said in a statement on Thursday.

  • IMF SAYS CHRISTINE LAGARDE NOMINATED TO SECOND TERM AS IMF MANAGING DIRECTOR- STATEMENT.

  • *Iran seen as stumbling block, unlikely to agree-sources. Top exporter Saudi Arabia might be warming to the idea, though it was too early to say whether the kingdom would give its blessing because any deal depends mainly on a commitment by Iran to restrict its plan to boost exports, the sources said. The proposal of a production "freeze" at current levels was floated...

  • *Lagarde: Ukraine's president expresses reform commitment. *Kiev promised reforms under $17.5 bln IMF bailout. WASHINGTON/ KIEV, Feb 10- Ukraine's president on Thursday told the International Monetary Fund he was committed to pursuing reforms to keep Kiev's $17.5 billion IMF bailout on track, after a sharp warning from the lender that the funds were at risk.

  • WASHINGTON, Feb 10- The head of the International Monetary Fund said on Wednesday that she had been reassured by Ukraine's president that he was committed to following a reform path to keep the nation's $17.5 billion bailout on track.

  • *Russia's Sechin floats idea of oil output cuts. NEW YORK, Feb 10- Oil prices seesawed in choppy trade on Wednesday, with U.S. crude slipping and Brent paring gains as worries about a global supply glut offset data showing a surprise drop in U.S. crude stockpiles. OPEC data pointed to a larger oil supply surplus on the world market this year than previously thought, as...

  • Iran's oil minister said Tehran was ready to negotiate with Saudi Arabia and Kremlin oil tsar Igor Sechin proposed producing countries cut output by 1 million barrels per day- without saying whether non- OPEC member Russia would do so. While traders and delegates from OPEC doubt any deal between the group and rival producers- which would be the first in over a...

  • LONDON, Feb 10- World-leading technology company ARM Holdings said a vote to leave the European Union by the British electorate, the so-called Brexit, would hinder its ability to employ the scientists and engineers it needs. Britain's Prime Minister David Cameron has promised voters an opportunity to decide whether the country should remain a member of the...

  • REIGATE, England, Feb 10- Unsure how a misfiring global economy is affecting matters at home, Bank of England chief Mark Carney has turned to an age-old gauge of Britain's economy: the word on the street from a trusted band of regional agents. "You get all that sort of background that certainly doesn't come from reading statistics," Martin Weale, an external member of...

  • KIEV, Feb 10- Ukraine could lose a $17.5 billion bailout from the International Monetary Fund unless it speeds up political reforms and curbs corruption, the IMF's head said on Wednesday. It is vital that Ukraine's leadership acts now to put the country back on a promising path of reform. " Ukraine's other Western backers have warned it not to repeat the mistakes of...

  • Iran's oil minister said Tehran was ready to negotiate with Saudi Arabia and the Kremlin's oil tsar Igor Sechin proposed producing countries reduce output by 1 million barrels per day- without saying whether non- OPEC member Russia would cut. While traders and delegates from OPEC doubt any deal between the group and rival producers- which would be the first in...

  • KIEV, Feb 10- Ukraine must enact promised reforms and root out corruption or risk losing the support of the International Monetary Fund, IMF chief Christine Lagarde said on Wednesday. The warning follows the shock resignation last week of economy minister, Aivaras Abromavicius, which highlighted deep divisions within the ruling coalition and the patchy...

  • KIEV, Feb 10- Ukraine must enact promised reforms and root out corruption or risk losing the support of the International Monetary Fund, its head, Christine Lagarde, said in a statement on Wednesday. "I am concerned about Ukraine's slow progress in improving governance and fighting corruption, and reducing the influence of vested interests in policymaking," she...

  • *Iran says open to cooperation with Saudi Arabia. LONDON, Feb 10- Oil rose towards $31 a barrel on Wednesday after four days of declines, supported by the prospect of OPEC and rival producers cooperating to tackle a supply glut that has sent prices to a 12- year low. Iran's oil minister said Tehran was ready to negotiate with Saudi Arabia and the Kremlin's oil tsar...