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  • DUBAI, Oct 31- Iran will officially notify producer group OPEC in December of its plans to raise its crude oil output by 500,000 barrels per day, the Iranian oil minister said on Saturday. "Iran is prepared to supply at least 500,000 bpd of crude oil to global markets," he added. OPEC is pumping close to a record high as major producers focus on defending market share.

  • DUBAI, Oct 31- The Iranian oil minister said on Saturday that Iran will officially announce its crude oil output rise by 500,000 barrels per day at the upcoming OPEC meeting on Dec. 4, according to the ministry's news agency. "During the 1/ 8 upcoming OPEC 3/ 8 meeting, we will officially notify other OPEC members of our plans to raise production and will ask them to...

  • Oct 30- Slowing U.S. production is unlikely to offer much respite to low oil prices into next year as high OPEC output feeds a persistent supply glut, a Reuters survey showed on Friday. Benchmark North Sea Brent crude is expected to average $58.52 a barrel in 2016, marginally down from last month's poll and above $55.94 seen so far this year, the survey of 32 analysts...

  • *OPEC output still up 1.5 mbpd since 2014 policy shift. LONDON, Oct 30- OPEC oil output has fallen in October from the previous month, a Reuters survey found on Friday, as declines in top producers Saudi Arabia and Iraq outweighed higher supply from African members. OPEC supply has fallen in October to 31.64 million barrels per day from a revised 31.76 million in...

  • LONDON, Oct 30- British Prime Minister David Cameron is likely to send details of his proposed reforms of the European Union to fellow EU leaders in the week starting Nov. 9, a spokeswoman said on Friday. Cameron has previously said he planned to spell out his proposals in early November, a key step in his renegotiation push ahead of an in-out referendum on Britain's...

  • BRUSSELS, Oct 30- European carmakers said on Friday tougher emissions testing rules agreed this week would hurt the industry by forcing the early phase-out of some diesel models and making it harder to meet carbon dioxide limits. After hours of talks on Wednesday, European Union countries agreed a compromise deal that would still allow diesel vehicles on the...

  • HEFEI, China, Oct 30- German Chancellor Angela Merkel said Germany, in principle, favoured granting China "market economy status"- a shift that would make it harder for the EU to protect local industry from Chinese competition- but said Beijing still had work to do. The European Union and other World Trade Organization members need to decide whether to grant China "...

  • LONDON/ BRUSSELS, Oct 29- A small team of European Union officials is spearheading an investigation that could force some of the world's biggest companies to pay billions of euros in avoided taxes. Their findings were the basis on which the European Commission, the EU's executive arm, last week ruled that Starbucks Corp and Fiat Chrysler Automobiles NV...

  • WASHINGTON, Oct 29- The International Monetary Fund is expected to soon discuss reforms to lending rules that may allow continued support for Ukraine if it misses payments on a $3 billion debt to Russia, while keeping up pressure on the countries to break the impasse. Russia, which holds a $3 billion Eurobond, has refused to take part in debt restructuring talks...

  • U.S. officials hopeful on IMF governance reforms Thursday, 29 Oct 2015 | 6:57 PM ET

    WASHINGTON, Oct 29- Senior U.S. officials said on Thursday they hoped to see the U.S. Congress approve reforms to the International Monetary Fund which will give emerging markets a bigger say at the global lender. Reforms agreed in 2010 would put Brazil, China, India and Russia among the fund's top 10 shareholders but have been held up in Congress, which must back...

  • WASHINGTON, Oct 29- The International Monetary Fund is expected to soon discuss reforms to lending rules that would allow continued support for Ukraine even if it misses payments on a $3 billion debt to Russia. Russia, which holds a $3 billion Eurobond, has refused to take part in debt restructuring talks with Ukraine aimed at plugging a $15 billion funding gap...

  • UK may face 2-notch rating cut if leaves EU: S&P Thursday, 29 Oct 2015 | 1:05 PM ET

    Britain's credit rating could be cut by as much as two notches if it leaves the European Union, Standard & Poor's told Reuters on Thursday.

  • LONDON, Oct 29- Britain's credit rating could be cut by as much as two notches if it leaves the European Union, Standard& Poor's told Reuters on Thursday. A vote to quit the EU would be likely to result a one-notch downgrade, which could be increased to two notches if relations between London and Brussels deteriorated significantly, the agency's chief sovereign...

  • WASHINGTON, Oct 29- The International Monetary Fund on Thursday urged Russia and Ukraine to discuss restructuring a $3 billion debt but said the international lender was discussing reforms that might allow continued support for Ukraine even if it goes into arrears on the bond. Russia has refused to participate in restructuring talks Ukraine has held with...

  • WASHINGTON, Oct 29- The International Monetary Fund on Thursday urged Russia and Ukraine to discuss restructuring a $3 billion debt but said the international lender was discussing reforms that might allow continued support for Ukraine even if it goes into arrears on the bond. Russia has refused to participate in restructuring talks Ukraine has held with...

  • IMF SPOKESMAN SAYS ON GREECE THAT ALWAYS OPEN TO EARLY REPAYMENT OF PAST LOANS.

  • IMF SPOKESMAN SAYS DISCUSSING REFORMS THAT WOULD ALLOW IMF TO LEND TO COUNTRIES IN ARREARS TO OFFICIAL CREDITORS UNDER SOME CIRCUMSTANCES.

  • IMF SPOKESMAN SAYS NO DATE SET FOR BOARD DISCUSSION OF LENDING INTO ARREARS RULES BUT EXPECTS IN NEAR FUTURE.

  • IMF SPOKESMAN SAYS STAFF STILL FINALIZING REPORT ON ADDING CHINA'S YUAN TO SDR BASKET, BOARD DISCUSSION EXPECTED IN NOVEMBER.

  • IMF SPOKESMAN SAYS IMF IS FULLY ENGAGED IN POLICY DISCUSSIONS AROUND REVIEW OF GREEK PROGRAM.