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  • PRAGUE/ VIENNA, Nov 13- Eastern Europe's economies are likely to return to mild growth next year but downside risks have grown because of China's slowdown and Europe's refugee crisis, the International Monetary Fund said on Friday. The fund said in its semi-annual report that Russia would remain in recession in 2016, albeit a milder one than this year, while...

  • MOSCOW, Nov 13- Russia's biggest search site Yandex said on Friday it had asked the European Commission to investigate Google's practices in relation to its Android mobile operating system in the European Union. It joins U.S. tech firm Disconnect, Portuguese app store Aptoide, and lobbying group FairSearch whose members include Microsoft, Expedia,...

  • UPDATE 1-IEA sees bear oil market as stocks balloon Friday, 13 Nov 2015 | 5:45 AM ET

    *Demand growth is slowing, non- OPEC output resilient. LONDON, Nov 13- The world is awash with oil having built record stockpiles in recent months and slowing demand growth combined with resilient non- OPEC supply could worsen the glut well into next year, the International Energy Agency said on Friday. The IEA said global oil supplies breached 97 million barrels...

  • LONDON, Nov 13- A market share battle between Russia and OPEC oil producers in Europe is intensifying as Iraq has overtaken Saudi Arabia as the second largest seller there and Iran has already lined up buyers for its crude for when sanctions are lifted. The International Energy Agency cited market sources on Friday as saying Tehran would be able to sell at least...

  • IEA sees bear oil market as stocks balloon Friday, 13 Nov 2015 | 4:00 AM ET

    LONDON, Nov 13- The world is awash with oil after having built record stockpiles in recent months and slowing demand growth combined with resilient non- OPEC supply could worsen the glut well into next year, the International Energy Agency said on Friday. The IEA said global oil supplies breached 97 million barrels per day in October, up 2.0 million from a year...

  • *OPEC production dip supports market. SINGAPORE, Nov 13- Crude oil futures edged away from their lowest in more than two months on Friday, lifted by a dip in OPEC production, although swelling U.S. stockpiles triggered by ongoing oversupply kept the market outlook bleak. A 256,000 barrels-per-day fall to 31.38 million bpd in output by the Organization of the...

  • *Dip in OPEC supplies lends prices some support. U.S. crude futures were at $41.52 a barrel at 0619 GMT, off the day's low of $41.38- the weakest since Aug. 27. It looks very bearish, "said Oystein Berentsen, managing director of crude oil at Strong Petrochemical in Singapore.

  • *Dip in OPEC supplies lends prices some support. SINGAPORE, Nov 13- U.S. crude fell for a third session in a row on Friday to the lowest in over two months as a relentless climb in oil stockpiles helped trigger a 10 percent drop in prices since the start of November, with traders taking on bets on further falls. Benchmark U.S. crude futures were at $41.52 a barrel at 0417...

  • *OPEC report points to supply surplus in 2016. NEW YORK, Nov 12- Crude prices tumbled to 2-1/ 2 month lows on Thursday after the U.S. government reported a stockpile build four times above market expectations and OPEC suggested its current rate of production would produce a supply surplus next year. Brent futures were down $1.24, or 2.7 percent, at $44.57 a barrel by...

  • LONDON, Nov 12- OPEC said its oil output fell in October and forecast supply from rival producers next year would decline for the first time since 2007 as low prices prompt investment cuts, reducing a global supply glut. That is the first decline since March, according to OPEC figures. The forecast of a decline in supply outside OPEC, if realised, would be a further...

  • WASHINGTON, Nov 12- The International Monetary Fund is working with the European Union to assess Greece's progress under the latest support program as well as the country's potential financing needs, an IMF spokesman said on Thursday.

  • INTERNATIONAL COMMUNITY SHOULD SUPPORT CHINA IN TRANSITION TO MORE SUSTAINABLE GROWTH- IMF NOTE.

  • STRONG COMMITMENT BY ECB TO FULLY IMPLEMENT ASSET PURCHASES AND ADJUST IF NEEDED WILL HELP MEET PRICE GOAL- IMF NOTE.

  • WASHINGTON, Nov 12- The U.S. In a report prepared for the upcoming Group of 20 meeting in Turkey, IMF staff said spare economic capacity and very low inflation justified keeping monetary policy loose in most major advanced economies. Increasing violence in the Middle East and Africa has driven waves of migrants into Europe, but neighboring countries such as...

  • IMF G20 PAPER SAYS ECONOMIC SLACK, VERY LOW INFLATION JUSTIFY CONTINUED MONETARY ACCOMMODATION IN MOST ADVANCED ECONOMIES.

  • *OPEC report points to 560,000 bpd surplus in 2016. NEW YORK, Nov 12- Crude oil futures hit 2-1/ 2 month lows on Thursday as OPEC's forecast it could overproduce half a million barrels daily next year at current production rates weighed on a market already fearing a seventh weekly build in U.S. inventories. OPEC said in a monthly report its output fell in October and...

  • UPDATE 8-Oil falls as investors fret about oversupply Thursday, 12 Nov 2015 | 9:17 AM ET

    *OPEC report points to 560,000 bpd surplus in 2016. LONDON, Nov 12- Oil prices fell on Thursday, after a report from OPEC showed that while the group anticipates a pick-up in demand next year it also suggests a market surplus will persist. The price of oil has halved to below $50 a barrel in the last year, mainly as a result of OPEC's decision last November not to cut...

  • LONDON, Nov 12- OPEC said its oil output fell in October and forecast supply from rival producers next year would decline for the first time since 2007 as low prices prompt investment cuts, reducing a global supply glut. That is the first decline since March, according to OPEC figures. The forecast of a decline in supply outside OPEC, if realised, would be a further...

  • *Monsanto says confirms regulatory opinion glyphosate safe. The EFSA advises EU policymakers and its conclusion could pave the way for the 28- member European Union to renew approval for glyphosate, which was brought into use by Monsanto in the 1970 s and is used in its top selling product Roundup as well as in many other herbicides around the world.