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  • May 3- The International Monetary Fund is close to declaring China's yuan fairly valued for first time in more than a decade, the Wall Street Journal reported on Sunday.

  • Japan to increase investment in Asian infrastructure Sunday, 3 May 2015 | 11:20 AM ET

    TOKYO, May 3- Japanese Finance Minister Taro Aso said on Sunday his country's government will increase investment in Asian infrastructure at a meeting of the Asian Development Bank, according to Kyodo News. Aso said he wants to set up a new framework for financial cooperation between the ADB and the Japan International Cooperation Agency, Kyodo reported.

  • ASHGABAT, May 2- The European Union, keen to lessen its dependence on Russia for energy supplies, expects to start receiving natural gas from Turkmenistan by 2019, European Commission Vice President Maros Sefcovic said in an interview. For Turkmenistan it is very important to diversify its export options, while for the EU it is very important to diversify its...

  • MOSCOW, May 2- Russian oil and gas condensate production, among the world's largest, remained at a post-Soviet record level of 10.71 million barrels per day in April, underpinned by a recent recovery in oil prices, Energy Ministry data showed on Saturday. So far Russia, which is not an OPEC member, has failed to persuade OPEC to cut oil output in order to prop up prices.

  • BAKU, May 2- The Asian Development Bank said on Saturday that it was ready to work with the China-led Asian Infrastructure Investment Bank so long as standards were met, while also announcing changes to boost its own lending capacity by billions of dollars. China has said 57 countries have signed up to become founding members of the AIIB, but so far the United...

  • BAKU, May 2- The Asian Development Bank will ensure that safeguards are upheld in future cooperation with the China-led Asian Infrastructure Investment Bank, ADB President Takehiko Nakao told a media conference on Saturday. "ADB is happy to cooperate, including co-financing, with the AIIB," Nakao said at the start of the multilateral lender's annual meeting of...

  • *Greece could miss upcoming IMF, ECB payments without aid. LONDON, May 1- Most top credit rating agencies say they would not cut Greece's rating to default if it misses a payment to the International Monetary Fund or European Central Bank, a stance that could keep vital ECB funding flowing into the financial system. Greece owes nearly 1 billion euros to the IMF in May...

  • NEW YORK, May 1- U.S. oil producers are rushing to take advantage of the rebound in oil markets by locking in prices for next year and beyond, safeguarding future supplies and possibly paving the way for a rebound in production. The flurry of hedging activity in the past month will help sustain producers' revenues even if oil markets tumble again, which is bad news for...

  • BRUSSELS, April 30- The European Commission on Thursday called for a tougher U.N. The European Union has already introduced its own law to curb climate-harming hydrofluorocarbons, also called "F-gases", used in fridges and air conditioners. The European Union is seeking to lead the push for more ambitious action on curbing greenhouse gases ahead of a conference...

  • *Brent to average $60, WTI $54.40 in 2015- Reuters poll. *OPEC production hits 2- yr highs in April- Reuters survey. In Thursday's session, Brent was up 60 cents at $66.44 a barrel by 11:12 a.m. EDT.

  • UPDATE 1-IMF says next Greek payment to Fund due May 6 Thursday, 30 Apr 2015 | 10:51 AM ET

    WASHINGTON, April 30- Greece's next payment to the International Monetary Fund, totaling some 200 million euros in interest payments, is due May 6 because of the May Day holiday in Greece, an IMF spokesman said on Thursday. He said the Fund did not have a "detailed" assessment of Greece's liquidity situation and hopes to get more information in the course of talks...

  • EU carbon talks next week could clinch reform deal Thursday, 30 Apr 2015 | 10:01 AM ET

    BRUSSELS, April 30- European Union talks next week could clinch a deal to shake up the world's biggest carbon market after a change of position by the Czech Republic removed a major obstacle to an early start for reforms. Months of stalemate over a start date for the reforms ended on Wednesday, when the Czech Republic broke ranks with a group of countries led by...

  • LONDON, April 30- OPEC oil supply in April has jumped to its highest in more than two years, boosted by record or near-record supplies from Iraq and Saudi Arabia, a Reuters survey showed, as key members stand firm in their focus on market share. The increase from the Organization of the Petroleum Exporting Countries puts output further above forecasts of demand for...

  • WASHINGTON, April 29- The United States will press China at upcoming bilateral talks to spell out how it will make a new Asian development bank live up to international governance standards, a senior Treasury official said on Wednesday. While Sheets said the United States welcomed the recent creation of the Beijing-led Asian Infrastructure Investment Bank,...

  • BRUSSELS/ LONDON, April 29- European Union member states reached a provisional agreement that carbon market reforms should begin on Jan. 1, 2019, at closed-door talks on Wednesday, paving the way for a further round of negotiations next month, diplomats said. Poland, whose economy relies on coal, had been leading a blocking minority opposed to making any changes...

  • UPDATE 2-Euro zone lending grows after 3 years in the red Wednesday, 29 Apr 2015 | 7:13 AM ET

    FRANKFURT, April 29- Lending in the euro zone increased for the first time in three years, the European Central Bank said on Wednesday, marking a new chapter in the bloc's recovery after the launch of a massive money-printing programme. Lending across the 19 countries in the currency union rose by 0.1 percent on the year in March, giving hope that Europe, whose...

  • KIEV, April 29- Ukraine's economy could return to growth next year and expand by 2 percent provided the separatist insurgency does not worsen and a banking crisis stabilises, the World Bank said on Wednesday. The World Bank expects Ukraine's economy to shrink 7.5 percent in 2015- in line with central bank forecasts- following a 6.8 percent contraction last year,...

  • HELSINKI, April 28- Finland's likely next prime minister proposed on Tuesday the next government keep a tough line on helping euro zone members but did not rule out further rescue fund loans for Greece if it meets the conditions. In proposals sent to other parties for comment, the Centre Party leader Juha Sipila also said the European Monetary Union should...

  • BERLIN, April 28- Talks between the European Union and United States on a transatlantic trade accord will stretch into 2016, the EU's chief negotiator said on Tuesday, adding that the discussions were about to enter a "more difficult" and "intense" stage. This year is seen as crucial in making progress on the Transatlantic Trade and Investment Partnership, with the...

  • BRUSSELS, April 28- All cars and light vans in Europe will have to be fitted with automatic emergency calling devices from April 2018 under new rules approved by European Union lawmakers on Tuesday, which could cut road deaths by 10 percent a year. Members of the European Parliament in Strasbourg approved the law on Tuesday, meaning car manufacturers such as...