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  • LONDON, Feb 2- China's capital has become notorious for its smog but the biggest contributors to local air pollution are industrial furnaces, district heating systems, residential fires and trucks rather than power plants. In 2013, the air over Beijing contained an average of 88 micrograms of PM2.5 per cubic metre, compared with just 14-16 micrograms in the air...

  • *Alphabet surpasses Apple as most valuable US company. Feb 2- Wall Street opened lower on Tuesday as falling oil prices weighed on energy shares. Oil prices were down 5 percent as hopes for a deal between OPEC and Russia on output cuts faded with Goldman Sachs saying it was "highly unlikely."

  • * "Highly unlikely" OPEC, Russia will cooperate- Goldman. LONDON, Feb 2- Brent oil fell more than 5 percent on Tuesday, while U.S. crude slid below $30 per barrel, hit by worries about the demand outlook and rising supply, while hopes for a deal between OPEC and Russia on output cuts faded. Russia's energy minister and Venezuela's oil minister discussed the possibility of...

  • NEW YORK, Feb 2- U.S. Oil fell around 4 percent on Tuesday, dented by worries about the demand outlook and rising supply, while hopes for a deal between OPEC and Russia on output cuts faded. "I think the reaction in the bonds is greater than you would think from the stimulus of oil and the stock market," said Lou Brien, a market strategist at DRW Trading in Chicago.

  • Foreign Minister Sergey Lavrov told reporters in the United Arab Emirates on Tuesday that Moscow is "open for other forms of cooperation, if there is general interest in holding a meeting between OPEC members and producer countries." Russia is not a member of the Organization of the Petroleum Exporting Countries. Russia's Energy Minister Alexander Novak last...

  • *Israel joined OECD club of affluent market economies in 2010. Israel lobbied hard to join the Organisation for Economic Cooperation and Development, gaining acceptance in 2010 and hoping investors would see it as a natural member of the club of affluent market nations rather than a higher-risk emerging economy. But in its most in-depth look at Israel to date,...

  • CARTER SAYS PENTAGON WILL REQUEST $3.4 BLN IN FUNDING TO SUPPORT NATO ALLIES, UP FOURFOLD FROM FY16.

  • LONDON, Feb 2- British financial regulators could have more leeway to impose higher capital requirements on the country's banks under proposals to keep Britain in the European Union. European Council President Donald Tusk presented several proposals on Tuesday ahead of a referendum in Britain on its membership of the EU. The euro zone countries have a...

  • NIZHNEVARTOVSK/ MOSCOW, Feb 2- Two senior Russian officials talked up potential cooperation with OPEC to prop up prices, but data showed oil production in Russia hit a post-Soviet high in January, suggesting the world's top producer was locked in a fierce struggle for market share. Russia has in the last week sent mixed signals about possible cooperation with...

  • Unemployment has steadily improved since peaking at 15.1 percent in 2012, months before Ireland exited dependence on European and International Monetary Fund loans. Ireland faced bankruptcy in 2010 as the cost of rescuing six domestic banks crippled the country's ability to finance itself. The bailout gave Ireland time to restructure banks, repair its...

  • US STOCKS-Futures slump as oil prices fall further Tuesday, 2 Feb 2016 | 7:19 AM ET

    *Oil prices were down about 3 percent as hopes for a deal between OPEC and Russia on output cuts faded with Goldman Sachs saying it was "highly unlikely". *Investors were also concerned about a China- led global economic slowdown and the pace of rate hikes by the U.S. They are pricing in only a 17- percent chance that the Fed will raise rates in March, according to CME...

  • ABU DHABI, Feb 2- Russia is open to further cooperation in the oil market with OPEC and non- OPEC countries, Russian Foreign Minister Sergei Lavrov said on Tuesday while on a visit to Abu Dhabi. Asked at a news conference whether Russia was open to the idea of a meeting among OPEC and non- OPEC countries to discuss stabilising oil prices, he replied through a translator:.

  • * "Highly unlikely" OPEC, Russia will cooperate- Goldman. LONDON, Feb 2- Oil prices fell on Tuesday, dented by worries about the demand outlook and rising supply, while hopes for a deal between OPEC and Russia on output cuts faded. Russia's energy minister and Venezuela's oil minister discussed the possibility of holding joint consultations between OPEC and non- OPEC...

  • ROME, Feb 2- British Foreign Secretary Philip Hammond said he was encouraged by the progress of negotiations with the European Union but cautioned that the proposals will probably need further work to be crafted into a deal at an EU summit later this month. Speaking just hours before the head of the European Council was to present "new settlement" proposals aimed...

  • A new global oil deal could draw lessons from 1998 Tuesday, 2 Feb 2016 | 1:00 AM ET

    *OPEC rifts and pact with Russia under scrutiny. Now, with oil prices touching their lowest level since 2003, OPEC officials and deal brokers are looking back nearly two decades and asking whether a behind-the-scenes deal to curb oil output between OPEC and non-OPEC Russia could be struck. Some see OPEC rifts as insurmountable and Russia as a wild card that...

  • * "Highly unlikely" OPEC will co-operate with Russia- Goldmans. SINGAPORE, Feb 2- Oil prices fell for a second session in Asian trade on Tuesday as worries about top energy consumer China and rising oil supply weighed on markets, although possible talks between OPEC and Russia on production cuts offered some support. Russian Energy Minister Alexander Novak and...

  • The front month contract for West Texas Intermediate was down 28 cents at $31.34 as 0010 GMT after falling $2, or 5.9 percent, in the previous session. Output from OPEC rose to 33.1 million barrels per day last month as Indonesia's membership to the group was reactivated, "the note added. The Reuters poll was taken ahead of weekly inventory reports from industry...

  • LAGOS/ LUANDA, Feb 1- Nigeria and Angola, Africa's two biggest oil producers, are both in talks with the World Bank about support to help cope with low crude prices, weakening currencies and strained public finances. Nigeria has held exploratory talks with the World Bank on borrowing to help fund a record budget in 2016 but has not applied for any emergency loans,...

  • BRUSSELS, Feb 1- European and U.S. negotiators missed a deadline to agree a key data transfer pact, the European Union's executive said, with talks snagged over a new oversight role and options for European citizens to seek redress over data privacy violations. European Union data protection law bars companies from transferring EU citizens' personal data to...

  • NEW YORK, Feb 1- U.S. crude oil prices slid almost 7 percent on Monday, pressured by weak economic data from China, a U.S. forecast for mild weather and growing doubts that OPEC would act to reduce the swelling global supply glut. "China is the last standing consumer of oil outside of the U.S. "As long as we keep in this scenario where China is the only real consumer to pick up...