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  • While not as obvious as the role Saudi Arabia played as the market balancer for crude in the previous glory days of the Organization of the Petroleum Exporting Countries, the dynamics for China and metals may be somewhat similar. Up until fairly recently China was an insignificant player in the export market for most industrial, or semi-refined, metals such as...

  • HOUSTON, June 20- Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency. That shale giants Hess Corp, Apache Corp and more than 25 other companies have beaten back OPEC's attempt to sideline them...

  • SHANGHAI, June 20- China's yuan strengthened versus the dollar on Monday, buoyed by a fall for the greenback in global markets, while the coming referendum in Britain on remaining in the European Union kept Chinese investors nervous. The dollar index slumped 0.7 percent in Asian morning trade as sterling rallied, with momentum swinging in favor for Britain to...

  • TOKYO/ SYDNEY, June 20- Sterling rallied on Monday as opinion polls swung in favor of British voters opting to remain in the European Union at this week's referendum, underpinning risk sentiment and sending the perceived safe-haven yen tumbling. The pound climbed 1.6 percent to $1.4589, extending a recovery from last Thursday's more than two-month trough of...

  • TOKYO/ SYDNEY, June 20- Sterling rallied on Monday as opinion polls swung in favour of British voters opting to remain in the European Union at this week's referendum, underpinning risk sentiment and sending the perceived safe-haven yen tumbling. The pound climbed 1.6 percent to $1.4589, extending a recovery from last Thursday's more than two-month trough of...

  • BEIJING, June 20- China's Commerce Ministry said on Monday it would reinvestigate its anti-dumping case into imports of high performance, seamless stainless steel tubes from Japan and the European Union.

  • NEW YORK, June 19- U.S. stock index futures rose on Sunday tracking gains in the British pound after weekend polls showed the campaign to keep Britain in the European Union had regained momentum ahead of Thursday's referendum. The pound gained more than 1 percent against the U.S. dollar to trade above $1.45 for the first time in seven sessions.

  • LONDON, June 19- Three of six opinion polls published ahead of a June 23 referendum showed a shift towards keeping Britain in the European Union, but the race still looked too close to call. SURVATION/MAIL ON SUNDAY POLL- "IN" AHEAD BY 3 POINTS. John Curtice, a polling expert from Strathclyde University, told the Mail on Sunday it was "far from clear" if the turnaround was...

  • MUMBAI, June 18- India's "rock star" central bank governor Raghuram Rajan, feted by foreign investors but under pressure from political opponents at home, stunned government officials and colleagues on Saturday by announcing he would step down after just one three-year term. Rajan, a former chief economist at the International Monetary Fund, is held in high...

  • MUMBAI, June 18- India's "rock star" central bank governor Raghuram Rajan, feted by foreign investors but under pressure from political opponents at home, stunned government officials and colleagues on Saturday by announcing he would step down after just one three-year term. Rajan, a former chief economist at the International Monetary Fund, is held in high...

  • MUMBAI, June 18- India's "rock star" central bank governor Raghuram Rajan, feted by foreign investors but under pressure from political opponents at home, stunned government officials and colleagues on Saturday by announcing he would step down after just one three-year term. Rajan, a former chief economist at the International Monetary Fund, is held in high...

  • MUMBAI, June 18- India's "rock star" central bank governor Raghuram Rajan, feted by foreign investors but under pressure from political opponents at home, stunned government officials and colleagues on Saturday by announcing he would step down after just one three-year term. Rajan, a former chief economist at the International Monetary Fund, is held in high...

  • MUMBAI, June 18- Reserve Bank of India Governor Raghuram Rajan said on Saturday he will leave the central bank when his term ends on Sept. 4 and plans to return to academia. Rajan, a former chief economist at the International Monetary Fund, has been popular with foreign investors who cheered his efforts to lower Indian inflation and clean up Indian state-run banks'...

  • TORONTO, June 17- Canada's currency will weaken and the chances its central bank cuts interest rates would jump if Britain votes next week to leave the European Union, strategists warn, noting the result could hit global growth and spell bad news for commodity-exporting countries. Economists expect the direct trade impact on Canada's economy from a so-called...

  • LUXEMBOURG, June 17- European Union finance ministers failed to agree on target dates to make progress on a common insurance for bank depositors, EU officials said on Friday, effectively deferring the completion of their banking union plan. The European Commission wants EDIS in place by 2024.. Germany, which fears disproportionately exposing its banks to...

  • LONDON, June 17- Euronext said on Friday it would take special measures in anticipation of higher volatility and trading volumes expected in the run-up to and following next week's referendum in Britain on its membership of the European Union. Euronext, which operates bourses in Paris, Amsterdam, Brussels, London and Lisbon, said that the cash markets will...

  • LUXEMBOURG, June 17- European Union states reached preliminary agreement on Friday on new rules to counter corporations' tax avoidance, but it watered down some proposals after lobbying by smaller countries, such as Belgium and Austria. Ministers were under pressure to approve new rules proposed by the European Commission in January, after revelations in the...

  • LUXEMBOURG, June 17- European Union finance ministers failed to agree on target dates to make progress on a common insurance for bank depositors, EU officials said on Friday, effectively deferring the completion of their banking union plan. Germany, which fears disproportionately exposing its banks to risks caused by weaker lenders in other countries, is...

  • ST PETERSBURG, Russia, June 17- President Vladimir Putin said on Friday Russia did not hold a grudge against the European Union and was ready to work to improve relations with the bloc, which he said was still a key trade partner. Speaking at the annual St Petersburg International Economic Forum, Putin played down economic difficulties caused by Western...

  • ST PETERSBURG, Russia, June 17- The European Union remains a key trade partner for Russia and Moscow is ready to work on restoring relations with Brussels, but it cannot be a one-way process, President Vladimir Putin said on Friday. "We do not hold a grudge and are ready to meet our European partners halfway," Putin told the St Petersburg International Economic Forum.