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  • EU to agree on securitisation plan by year-end Tuesday, 10 Nov 2015 | 3:48 AM ET

    BRUSSELS, Nov 10- European Union finance ministers should reach a deal by the end of the year on a plan to revamp the securitisation market in Europe, the European commissioner for financial services said on Tuesday. The European Commission, the EU executive, in September launched a broad plan to revive capital markets in Europe, with an initial proposal to revamp...

  • TOKYO, Nov 10- Oil prices rose on Tuesday after the head of OPEC forecast a more balanced market next year and the U.S. energy department said domestic output is likely to fall further, though gains were limited as the overall picture of a market in glut remains. U.S. crude rose 28 cents to $44.06 a barrel by 0409 GMT, after falling about 1 percent on Monday to $44.15 for a...

  • BEIJING, Nov 10- China is working with other countries to urge the United States to ratify IMF reforms, a central bank official said on Tuesday. The comments from Zhu Jun, Director-General of the International Department of People's Bank of China, was made at a briefing in Beijing ahead of President Xi Jinping's attendance at the G20 summit in Turkey and the APEC...

  • TOKYO, Nov 10- Oil prices rose in early Asian trade on Tuesday after the head of OPEC forecast a more balanced market next year and the U.S. energy department said domestic production is likely to fall for an eight consecutive month. We see less non- OPEC supply. And we see an increase in the demand for OPEC crude, "Badri said.

  • BRUSSELS, Nov 9- European Union ministers failed to agree on Monday on urgent measures that steelmakers are demanding to stem a flood of cheap imports from China after the loss of some 5,000 jobs in the sector in Europe in the past three months. Economy and industry ministers had gathered in Brussels at the request of Sajid Javid, business minister for Britain,...

  • NEW YORK, Nov 9- Oil prices edged lower on Monday after data showing fresh builds at the delivery point for U.S. crude futures and lower Wall Street share prices offset bullish OPEC demand projections. On Monday, Brent crude futures were down 15 cents at $47.27 a barrel by 11:12 a.m. EST. Oil prices were up earlier in the session after OPEC said it expected global...

  • The comments suggest OPEC heavyweight Saudi Arabia is satisfied with its strategy of not cutting production and allowing low prices to reduce supplies, without losing market share to competitors. Two other OPEC officials on Monday made upbeat comments about the 2016 outlook, suggesting big changes are unlikely. Prince Abdulaziz said cuts in oil industry...

  • BRUSSELS/ ATHENS, Nov 9- Euro zone finance ministers will not release a 2- billion euro tranche of loans for Greece on Monday because there is still no agreement with Athens on several reforms, but a deal could be struck this week, top EU officials said. Finance ministers of the 19 countries sharing the euro are to meet later on Monday in Brussels to take stock of...

  • DOHA, Nov 9- It is too early to forecast the outcome of oil producer group OPEC's Dec. 4 policy meeting, Qatari energy minister Mohammad bin Saleh al-Sada said on Monday. "It is a little too early to predict what would be the outcome of the next meeting but we are watching the situation closely," Sada, who is also acting president of OPEC, told a news conference.

  • *Priceline drops after weak profit forecast. Nov 9- Wall Street was set to open slightly lower on Monday after weak Chinese trade data and an OECD report warning of a global slowdown spurred concerns about weakening demand. Data showed China's October exports fell 6.9 percent, down for a fourth month, while imports dropped 18.8 percent, leaving the world's second...

  • *UAE oil min says 2016 will be a year of upward price correction. *Still defends OPEC decision last year not to cut output. *Says UAE production capacity to increase to 3.5 mln bpd.

  • *Weaker dollar, OPEC demand outlook support. LONDON, Nov 9- Oil futures rose towards $48 a barrel on Monday as OPEC said it expected global demand to remain strong next year, while weak Chinese trade data and concerns over rising supplies weighed. We see less non- OPEC supply.

  • OECD EXPECTS CHINA ECONOMY TO GROW 6.5 PCT IN 2016, 6.2 PCT IN 2017.

  • PARIS, Nov 9- Global trade flows have fallen dangerously close to levels usually associated with a global recession, although actions taken by China and others should ensure a pick-up in 2016, the OECD said in a report on Monday. Federal Reserve should nevertheless go ahead with its first rate hike since the financial crisis as a recovery gains steam in the...

  • HONG KONG, Nov 9- China's economic growth is likely to slow to 6.5 percent next year and cool further to 6.2 percent in 2017, the OECD said, suggesting that policy makers will have their work cut out as the Asian giant adjusts to lower growth from its recent frenetic pace. The OECD, which expects China's economy to grow 6.8 percent this year, also noted that real...

  • *Weaker dollar, OPEC demand outlook support. LONDON, Nov 9- Oil futures rose above $47.50 a barrel on Monday as OPEC said it expected global demand to remain strong next year, while weak Chinese trade data and concerns over rising supplies weighed. We see less non- OPEC supply.

  • We see less non- OPEC supply. And we see an increase in the demand for OPEC crude, "Badri said, according to the text of the speech published on the OPEC website. "The market is now taking on board this new reality and gradually resetting itself, as we can see with falling non- OPEC supply growth and stronger demand," he said.

  • DUBAI, Nov 8- OPEC Secretary General Abdullah al-Badri said that despite uncertainties, OPEC members were ready to make the necessary investments to respond to the world's future energy needs. Badri also said that a wave of project cancellations and deferrals in the industry was a "clear demonstration that wide price fluctuations have a detrimental effect on...

  • WASHINGTON, Nov 6- The Obama administration told Beijing on Friday that the United States still supports including the yuan in the IMF's benchmark currency basket, provided China meets the existing criteria of the international lender. "The conversation reflected the importance of China moving more rapidly towards a market-determined exchange rate in an...