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  • SHANGHAI, Feb 26- The world's financial leaders will meet in Shanghai starting on Friday to discuss ways to calm global markets and spur economic growth, and are likely to declare their readiness to take action if conditions worsen. Finance Minister Lou Jiwei and People's Bank of China Governor Zhou Xiaochuan will likely hammer home the message that Beijing...

  • RABAT, Feb 25- Morocco said on Thursday it had suspended contact with European Union institutions over a court ruling invalidating their farm trade accord with Rabat and saying it should exclude the disputed territory of Western Sahara. The EU lodged an appeal last week against a European Court decision announced on Dec. 10 to void the trade deal with Morocco in...

  • LONDON, Feb 25- For campaigners battling over Britain's European Union membership, the pound's sharpest fall since the depths of the 2008 financial crisis creates political gold dust. Cameron says dropping out would be a leap in the dark, while Goldman Sachs and HSBC- which have both backed EU membership- cautioned that the world's fourth-most traded currency...

  • LONDON, Feb 25- Oil prices fell on Thursday, driven lower by concerns about oversupply in a slowing global economy, although strong U.S. gasoline demand helped limit losses. The proposal by Saudi Arabia, Russia, Venezuela and Qatar has been branded "a joke" by Iran, while Iraq, one of the largest contributors to rising OPEC output, has said it supports a freeze, but its...

  • LONDON, Feb 25- For campaigners battling over Britain's European Union membership, the pound's sharpest fall since the depths of the 2008 financial crisis creates political gold dust. Cameron says dropping out would be a leap in the dark while Goldman Sachs and HSBC- which have both backed EU membership- cautioned that the world's fourth most traded currency...

  • LONDON, Feb 25- For campaigners battling over Britain's European Union membership, the pound's sharpest fall since the depths of the 2008 financial crisis creates political gold dust. Cameron says dropping out would be a leap in the dark while Goldman Sachs and HSBC- which have both backed EU membership- cautioned that the world's fourth most traded currency...

  • ATHENS, Feb 25- Greece's left-led government will not cut pensions again even if its international lenders demand it, the country's labour minister told Reuters on Thursday, saying the income of the weak will be protected. But International Monetary Fund projections for a wider than expected fiscal gap- seen at 5 percent to 7 percent of gross domestic product by...

  • By the end of this century, summers in the Arctic could be free of ice. Russia, in particular, is keen to expand shipping through the Arctic given its rich natural resources and efforts to cut costs. "It is time for regulators to wake up and realise that the Arctic is melting away right in front of us," said Whit Sheard of the Circumpolar Conservation Union green group.

  • SHANGHAI, Feb 25- The world's financial leaders are likely to declare readiness to take action if economic conditions worsen further in their joint communique at the G20 this weekend, an official with a European delegation to the summit said. Finance ministers and central bank governors of the G20 meet on Friday and Saturday in Shanghai under the Chinese...

  • *China fin min says yuan devaluation not on G20 agenda- media. *China vice finmin calls for greater market communication. Zhu Guangyao, vice finance minister, said that China would seek to keep the exchange rate stable while maintaining its current "managed float" regime.

  • *China vice finmin calls for greater market communication. SHANGHAI, Feb 25- China's leaders voiced support for the embattled domestic currency on Thursday, with the country's vice finance minister saying policymakers are committed to market transparency and aware of the impact their decisions have on other economies. Zhu Guangyao, vice finance minister...

  • SHANGHAI, Feb 25- China's yuan was flat against the dollar on Thursday as traders grew cautious ahead of a G20 meeting in Shanghai which is expected to discuss volatile currency and equity markets and signs of economic weakness throughout the world. The People's Bank of China set the midpoint rate at 6.5318 per dollar prior to the market open, weakening it for a...

  • *China vice finmin calls for greater market communication. SHANGHAI, Feb 25- Policymakers and industry leaders in China on Thursday flagged the need for improved market communication and currency stability in the country while also calling for greater global coordination to deal with economic challenges. The country's vice finance minister, Zhu Guangyao,...

  • "We do recognize the risk the global economy faces," said vice finance minister Zhu Guangyao at a conference held by the Institute of International Finance, referring to recent downgrading of global growth by the IMF and the World Bank and OECD.

  • *Venezuela says OPEC, non- OPEC nations planning March meeting. NEW YORK, Feb 24- Oil rallied as much as 3 percent on Wednesday with Brent prices helped by news of stalled loadings for the U.K.' s North Sea oil while U.S. crude futures rose after strong demand for gasoline offset worries about record high crude inventories. Some traders bet Brent and U.S. crude futures...

  • LONDON, Feb 24- European Union banks will be tested on their ability to raise funds in thin bond markets in a shrinking economy hit by tumbling commodities and property prices, the bloc's banking watchdog said on Wednesday. The European Banking Authority's latest health check, the results of which will be published in the third quarter, will spare lenders from...

  • WASHINGTON, Feb 24- The Group of 20 nations must plan now for a coordinated stimulus program to keep a slowing global economy from stalling, International Monetary Fund staff said in a report on Wednesday. The report was prepared for senior G20 officials who are meeting in Shanghai later this week amid falling equity markets, volatile currencies and signs of...

  • *Venezuela says OPEC, non- OPEC nations plan March meeting. NEW YORK, Feb 24- Oil prices rose 3 percent on Wednesday as strong U.S. gasoline demand offset worries over record high crude stockpiles, while some traders bet the market will return lower on OPEC's stubbornness in not cutting output. Brent crude futures, the global benchmark, were up $1.20 at $34.47 a barrel...

  • BRUSSELS, Feb 24- The European Commission wants to implement new measures to counter multi-billion frauds on sales taxes, a top official said on Wednesday, but it may result in more costs and red tape. Value Added Tax frauds cost European Union states almost 170 billion euros a year in lost revenues, according to Commission data. There is an urgent need to act, "...

  • *Venezuela says OPEC, non- OPEC nations plan March meeting. LONDON, Feb 24- Oil fell below $33 a barrel on Wednesday after Saudi Arabia ruled out production cuts and U.S. crude inventories rose, though a decline in U.S. gasoline stocks limited losses. OPEC and non- OPEC producers who support the idea are planning a mid-March meeting, his Venezuelan counterpart said.