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  • NEW YORK, June 2- U.S. stocks rose on Tuesday helped by the dollar's decline and bond yields rose while investors searched for clarity on Greece's debt crisis. Athens faces a Friday deadline to repay 300 million euros to the International Monetary Fund. "It is all revolving around the climactic situation in Europe," said Ken Polcari, Director of the NYSE floor...

  • WASHINGTON, June 2- Some countries with high public debt levels might be able to "just live with it," because cutting back carries its own risks, three IMF officials said in a paper that disputes decades of dogma about the benefits of austerity. Now, IMF economists Jonathan Ostry, Atish Ghosh and Raphael Espinoza take that advice a step further, arguing that countries...

  • The likelihood of high global supplies from OPEC's lack of will to cut output when it meets this week remained a factor for the market, but did not immediately impact prices. Ministers from the Organization of the Petroleum Exporting Countries, responsible for more than a third of the world's crude output, meet in Vienna on Friday to decide on production policy...

  • VIENNA, June 2- Angola's oil minister said on Tuesday that $80 per barrel may be right for crude, joining a chorus of OPEC officials and delegates hoping for a further price recovery in months to come despite a global glut. OPEC meets on Friday and is widely expected to maintain its production policy. The message will please some of the poorer OPEC members who...

  • Regardless of whether a massive global oil storage trade is rapidly unwound, world oil production has been rising much faster than consumption, feeding an unprecedented global glut on the back of booming U.S. oil output and a Saudi-led decision by OPEC to maintain high output to defend market share. Analysts from Citi said on Tuesday that given OPEC was widely...

  • VIENNA, June 2- Venezuela's oil minister Asdrubal Chavez said on Tuesday that the best way towards achieving stabilization in the oil market is through agreement and active cooperation among all exporters. In a statement ahead of Friday's meeting of the Organization of the Petroleum Exporting Countries, he also highlighted the work being undertaken at a...

  • Greece must repay four loans totaling 1.6 billion euros to the International Monetary Fund this month, starting with a 300 million euro payment on June 5. The leaders of Germany, France and Greece's international creditors agreed late on Monday to work with "real intensity" as they try to reach a deal that would prevent a default. "Stocks have been trying to break...

  • VIENNA, June 2- Angolan Oil Minister Jose Botelho de Vasconcelos said on Tuesday that $80 per barrel may be the right price for crude and that he would like oil prices to rise. Brent crude oil for July was up 40 cents at $65.28 a barrel by 1030 GMT. Oil ministers from the Organization of the Petroleum Exporting Countries meet on Friday in Vienna to decide on production...

  • US STOCKS-Futures lower as Greece uncertainty weighs Tuesday, 2 Jun 2015 | 7:26 AM ET

    June 2- U.S. stock index futures were slightly lower on Tuesday, tracking European markets, as uncertainty lingered regarding the outcome of Greece's negotiations with creditors. *Greece must repay four loans totaling 1.6 billion euros to the International Monetary Fund this month, starting with a 300 million euro payment on June 5. *The leaders of Germany,...

  • LONDON, June 2- European shares slipped on Tuesday, as lingering uncertainty over the outcome of Greece's negotiations with creditors weighed on the region's stock markets. Greece must repay four loans totalling 1.6 billion euros to the International Monetary Fund this month, starting with a 300 million euro payment on June 5. Most investors expect Greece to...

  • *OPEC expected to keep output target unchanged. LONDON, June 2- Oil prices rose on Tuesday as the dollar weakened and on expectations that OPEC producers would maintain their group production target at its current level and resist pressure for an increase. Brent crude oil for July was up 70 cents at $65.58 a barrel by 0900 GMT.

  • *OPEC not expected to announce output cut this week. SINGAPORE, June 2- Crude oil prices rose on Tuesday due to firm demand after dipping in earlier trade on expectations that OPEC would not cut output at its meeting this week. "OPEC meets on Friday and is in no mood to cut output, Energy Aspects said on Tuesday.

  • DUBAI, June 2- Iran will try to persuade OPEC countries to reverse production increases they implemented to fill a gap left by sanctions on Iran, the country's OPEC delegate Mehdi Asali was quoted as saying, ahead of a potential nuclear deal that could see sanctions lifted. "Production decreases for those countries which raised their production during Iran's...

  • *OPEC not expected to announce output cut this week. SINGAPORE, June 2- Crude oil prices edged up on Tuesday due to firm demand after dipping in earlier trade on expectations that OPEC would not cut output at its meeting this week. "OPEC meets on Friday and is in no mood to cut output, Energy Aspects said on Tuesday.

  • LONDON, June 2- An international campaign to stamp out corporate tax dodging will fail and G20 leading economies should instead adopt a global minimum tax rate for multinationals, a coalition of 10 charities and human rights bodies said. The G20 asked the Organisation for Economic Co-operation and Development in 2013 to devise reforms to the international...

  • *OPEC not expected to announce output cut this week. SINGAPORE, June 2- Crude oil prices stabilized on Tuesday due to firm demand after dipping in early trade on expectations that OPEC would not cut output at its meeting this week. The Organization of the Petroleum Exporting Countries meets this Friday in Vienna to discuss its production strategy, with U.S. bank...

  • Indonesia to seek oil supply deals at OPEC meeting Monday, 1 Jun 2015 | 11:45 PM ET

    JAKARTA, June 2- Indonesia will meet with Middle East oil producers on the sidelines of an OPEC meeting in Vienna this week to negotiate possible long-term crude supply agreements for its refineries, a senior government official said. The Southeast Asian country, which is considering asking to rejoin the Organization of the Petroleum Exporting Countries...

  • *OPEC not expected to announce output cut this week. SINGAPORE, June 2- Crude oil dipped on Tuesday on expectations that OPEC would not cut output at its meeting this week, but firm refinery demand curbed price losses. "Investors remained cautious heading into the OPEC... meeting this Friday, with Brent coming under the most selling pressure," ANZ bank said on Tuesday.

  • *OPEC output boosted by rising Iraq exports. SINGAPORE, June 2- Crude oil dipped on Tuesday on expectations of rising OPEC output and a potential increase in U.S. shale production, but analysts said that strong refinery demand was preventing further price falls. "Investors remained cautious heading into the OPEC... meeting this Friday, with Brent coming under the...

  • SINGAPORE, June 2- Crude oil prices dipped in early Asian trading on Tuesday as an expectation of rising OPEC output and a potential increase in U.S. shale production following price rises earlier this year put pressure on markets. "Investors remained cautious heading into the OPEC... meeting this Friday, with Brent coming under the most selling pressure," ANZ bank...