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  • 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.

  • 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. If realised, the forecast of a decline in supply outside OPEC would be a further indication the group's strategy is working.

  • LONDON, Nov 12- Nearly all countries in the European Union have allowed banks to double their bonuses where approved by shareholders, the EU banking watchdog said on Thursday. The European Banking Authority said nearly all EU states apart from Belgium, Sweden, Romania and Slovenia, have allowed the doubling of bonuses. Britain, the EU's biggest financial center...

  • LONDON, Nov 12- European Union leaders are willing to find a way to reform Britain's ties with the bloc but there are limits to what can be done, Swedish Prime Minister Stefan Lofven said on Thursday. "Everybody has a will to solve this of course because we believe it is important that the UK stays within the European Union. I think it is good for the UK as well so we have a...

  • *IMF forecast to add $40 bln yuan to its currency basket. *AXA estimates $600 bln inflow into yuan assets over 5 years. HONG KONG, Nov 12- Foreign asset managers are preparing to increase their exposure to yuan-denominated bonds, as the International Monetary Fund looks likely this month to approve the inclusion of China's "redback" into its currency basket.

  • GENEVA, Nov 11- China has served notice to World Trade Organization members including the European Union and United States that complaints about its cheap exports will need to meet a higher standard from December 2016, a Beijing envoy said at a WTO meeting. But the terms of China's membership stated that-- because it was not a "market economy"-- other countries did not...

  • Foreign funds to follow IMF lead with yuan bond holdings Wednesday, 11 Nov 2015 | 4:00 PM ET

    *IMF forecast to add $40 bln yuan to its currency basket. *AXA estimates $600 bln inflow into yuan assets over 5 years. HONG KONG, Nov 12- Foreign asset managers are preparing to increase their exposure to yuan-denominated bonds, as the International Monetary Fund looks likely this month to approve the inclusion of China's "redback" into its currency basket.

  • CARACAS, Nov 11- Oil ministers of OPEC nations will hold a "candid, informal" meeting on Dec. 3, a day before the group's formally scheduled encounter, Venezuela's energy minister said on Wednesday, adding the idea was suggested by Saudi Arabia. Price-hawk Venezuela has been pushing for OPEC action to boost prices. "After our calls for the need for OPEC to do something,...

  • *Israel calls it "shameful," says may affect EU peace role. BRUSSELS/ JERUSALEM, Nov 11- The European Union published new guidelines on Wednesday for labeling products made in Israeli settlements, a move Brussels said was technical but Israel branded "discriminatory" and damaging to peace efforts with the Palestinians. Drawn up over three years by the European...

  • *Israel calls it "shameful", says may affect EU peace role. BRUSSELS/ JERUSALEM, Nov 11- The European Union published new guidelines on Wednesday for labelling products made in Israeli settlements, a move Brussels said was technical but Israel branded "discriminatory" and damaging to peace efforts with the Palestinians. Drawn up over three years by the European...