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  • MILAN— With lower gas prices shifting North American driving preferences toward bigger vehicles, Fiat Chrysler has accelerated its transition away from passenger cars with an impact on its manufacturing footprint across the globe. Fiat Chrysler Automobiles CEO Sergio Marchionne gave out pieces of the plan to exit the small- and midsize car business in the...

  • LONDON, April 26- The European Union should hold off for now from regulating blockchain, the technology that underpins the virtual currency bitcoin, EU lawmakers are set to agree on Tuesday in the latest example of a softly-softly approach by authorities. Christopher Giancarlo, a member of the U.S. Commodity Futures Trading Commission, said last month that...

  • *Expected rise in OPEC supply to weigh- analysts. Front-month Brent crude was trading at $45.45 per barrel at 1302 GMT, up 34 cents from its last settlement. "Meaning that demand will continue to rise and supply will be hit, especially non- OPEC," van Cleef said.

  • LONDON— U.K. politicians who want Britain to leave the European Union are fighting back after President Barack Obama sided with those who want the country to stay in the 28- nation bloc. Justice Secretary Michael Gove led the charge Monday, arguing the U.K. will face a migration "free-for-all" if it votes to remain in the EU in the June 23 referendum.

  • *Still ideal if OPEC, non- OPEC can agree deal. Despite failure to reach a deal to curb oil output and support prices at an April 17 meeting of OPEC and non- OPEC producers, crude prices have maintained a general upward trend since hitting a 12- year trough in mid-January. "The Southeast Asian nation, which rejoined OPEC as its 13th member in December last year, needs $50...

  • DUBAI, United Arab Emirates— Oil exporting countries in the Middle East lost a staggering $390 billion in revenue due to lower oil prices last year, and should brace for even deeper losses of more than $500 billion this year, the International Monetary Fund said Monday. IMF Director for Middle East and Central Asia Masood Ahmed said these losses translate into...

  • HANOVER, Germany, April 24- U.S. President Barack Obama said the European Union and United States must move forward with a trade free trade accord still under negotiation which supporters say could boost each economy by some $100 billion. The U.S. president spoke at a news conference with German Chancellor Angela Merkel, one of his closest allies in dealing with a...

  • President Barack Obama said he hoped he would be able to influence some British voters' decisions at a June 23 referendum on Britain's membership of the European Union, speaking after making a series of pro-EU interventions during a trip to London. "My hope is, is that this is something that would have some influence on how voters think," he told the BBC in an...

  • JOHANNESBURG, April 23- The International Monetary Fund said on Saturday that Mozambique has admitted to having over one billion dollars of undisclosed debt and the two sides were now evaluating the implications of this disclosure. The IMF learned of the undisclosed borrowing last week but Mozambique's Finance Minister Adriano Meleiane initially...

  • IMF SAYS MOZAMBIQUE AUTHORITIES ACKNOWLEDGE EXTERNAL DEBT OF OVER $1 BILLION THAT WAS PREVIOUSLY UNDISCLOSED BY GOVERNMENT- STATEMENT.

  • AMSTERDAM, April 23- European Union finance ministers agreed on Saturday to discuss whether they can regain some control over a morass of EU budget rules by focusing mainly on an annual spending cap as the best measure of compliance. Years of changes and additions to EU rules, called the Stability and Growth Pact, have made meeting targets extremely complex,...

  • Iranian Oil Minister Bijan Zanganeh.

    Iran's oil minister said on Saturday that last week's Doha meeting to freeze oil production, despite its failure, was a positive step.

  • DUBAI, April 23- Iran's oil minister said on Saturday that last week's Doha meeting to freeze oil production, despite its failure, was a positive step and Iran would support any plan to stabilise the market. "Doha meeting was not fruitful but we see it as a positive step as it initiated negotiations between OPEC and non- OPEC member countries and showed to the main oil...

  • President Barack Obama made an extraordinary intervention into the politics of Washington's closest ally on Friday, warning Britons they would go to "the back of the queue" for a trade deal if they left the European Union. BORIS JOHNSON, MAYOR OF LONDON AND "OUT" CAMPAIGNER. "We don't have a trade deal with the U.S. at the moment and we have been in the EU for 43 years and...

  • AMSTERDAM— European Union nations want a strict common blacklist of non-cooperative tax jurisdictions that have been at the heart of the recent offshore accounts scandal in an effort to close loopholes and crack down on the use of tax havens. The EU Commission proposed setting up such a list early this month and the 28 EU finance ministers gave their political...

  • President Barack Obama said Britain's membership of the European Union empowers one of the United States' best friends, adding that the emotional bond between the two countries would still endure even if Britain left the European Union. "If one of our best friends is in an organisation that enhances their influence and enhances their power and enhances their...

  • JOHANNESBURG, April 22- Mozambique has given the IMF an "avalanche of documents" and owned up to as much as $1.35 billion of undeclared sovereign borrowing that may have tipped it into an unsustainable debt trap, a Fund source said on Friday. The International Monetary Fund said last week it had got wind of more than $1 billion of undisclosed borrowing, although...

  • WARSAW, April 22- The European Union should protect its steel industry which is loosing its competitive edge in the face of cheaper Chinese products, German Economy Minister Sigmar Gabriel said on Friday. "So we very much support negotiation with China, but if it is not possible to come to a common approach then the EU has to protect its industry until we have a fair...

  • *Obama says EU membership makes Britain great. President Barack Obama made an impassioned appeal on Friday for Britain to remain in the European Union, saying membership had magnified Britain's place in the world and made the bloc stronger and more outward looking. The remarks of Obama, who opinion polls show is popular in Britain, undercut one of the most...

  • LONDON, April 22- Britain, Europe's biggest financial center, votes on June 23 on whether to leave the European Union. Financial firms like insurers, banks, asset managers, payment services providers who are authorized in Britain have "passport" rights to conduct their business in all EU countries, either remotely from Britain or from a branch in another member...