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  • IMF says making 'some' progress in Greece talks Tuesday, 19 May 2015 | 11:05 AM ET

    WASHINGTON, May 19- The International Monetary Fund is making "some" progress in discussions with Greek officials over an aid agreement, but the IMF must also consider the views of the broader international community, the head of the financial institution said on Tuesday.

  • U.S. Congress moving closer to passing IMF reforms -Lew Tuesday, 19 May 2015 | 10:25 AM ET

    WASHINGTON, May 19- The U.S. Congress is moving closer to approving IMF reforms, and lawmakers are now trying to find the best timing and vehicle for getting the historic legislation passed, U.S. U.S. foot-dragging on reforms to the institution has blocked changes meant to give more voting power to emerging economies like China and India, frustrating countries...

  • May 19- Prime Minister David Cameron has pledged to renegotiate Britain's ties with Europe and then give voters an in-out referendum on European Union membership by the end of 2017.. As Vodafone, we are convinced that for our shareholders, our customers and the company itself, it would be good to stay in Europe and it would be good to support the creation of a single...

  • LONDON, May 19- Prime Minister David Cameron is confident his plan to hold a European Union membership referendum will ultimately give firms more certainty, his spokesman said, after Deutsche Bank disclosed it was making contingency plans for a British EU exit. Cameron's spokesman was asked about Deutsche's decision on Tuesday after a lobby group said a...

  • *Ex-regulator Sants to lead review of UK competitiveness. FRANKFURT/ LONDON, May 19- A number of banks have put off possible investments in Britain until after a referendum on its future in the European Union, a lobby group said on Tuesday, after Deutsche Bank revealed it was considering cutting down its UK operations should the country pull out.

  • *Ex-regulator Sants to lead review of UK competitiveness. FRANKFURT/ LONDON, May 19- A number of banks have put off possible investments in Britain until after a referendum on its future in the European Union, a lobby group said on Tuesday, after Deutsche Bank revealed it was considering cutting down its UK operations should the country pull out.

  • *Germany hosts G7 summit on June 7-8. BERLIN, May 19- Germany's clean energy drive earned it a reputation as a green leader but a domestic row over coal has highlighted the challenge of balancing economic and environmental demands and threatens its ability to lead by example. Angela Merkel, once dubbed the "climate chancellor," hopes to encourage the Group of Seven...

  • UPDATE 4-Oil prices slip on dollar rally, ample supply Tuesday, 19 May 2015 | 4:42 AM ET

    LONDON, May 19- Brent crude oil fell below $66 a barrel on Tuesday as the dollar strengthened and on evidence of ample supplies of Middle Eastern oil despite wars in northern Iraq, Syria and Yemen. "The oil market is generally oversupplied with high Saudi exports and OPEC is unlikely to cut production," said Tamas Varga, oil analyst at London brokerage PVM Oil...

  • *Kuwait acknowledges oversupply, but blames non- OPEC sources. NEW YORK, May 18- Oil slipped on Monday as a rallying dollar and concerns of growing oversupply weighed on the market after Saudi Arabia reported its highest crude exports in nearly a decade. Crude oil futures erased early gains of more than $1 a barrel on worries of turmoil in the Middle East after a...

  • BRUSSELS, May 18- Russia avoided further diplomatic confrontation with Ukraine and the European Union at three-way trade talks on Monday and did not renew previous demands for Kiev's duty-free deal with the bloc to be put on hold. EU Trade Commissioner Cecilia Malmstrom highlighted the fact that all three parties jointly signed a statement that said the pact,...

  • *IMF raises Italy 2015 GDP forecast to 0.7 pct from 0.5 pct. ROME, May 18- The International Monetary Fund raised slightly its forecasts for Italy's economy this year and next on Monday and said Rome should take advantage of favorable external conditions to push through much-needed reforms. The IMF's mission chief, Petya Koeva Brooks, said low interest rates, the...

  • *Kuwait acknowledges oversupply, but blames non- OPEC sources. NEW YORK, May 18- Oil slipped on Monday as a rallying dollar weighed on the commodities complex amid a bearish price outlook by influential Wall Street firm Goldman Sachs and risks of growing oversupply. Crude oil prices erased early gains of more than $1 a barrel on worries of turmoil in the Middle East...

  • IMF says energy subsidized by $5.3 trillion worldwide Monday, 18 May 2015 | 10:04 AM ET

    WASHINGTON, May 18- Governments around the world charge prices for energy that do not account for its harmful environmental, health and other side effects, amounting to a $5.3 trillion "post-tax" subsidy this year, the International Monetary Fund said in a report on Monday. The United States was the second-biggest offender, with an estimated $699 billion subsidy,...

  • BRUSSELS, May 18- David Cameron has promised to negotiate reform of the European Union before a referendum by 2017 on whether to leave the 28- nation bloc, which a fellow Conservative prime minister took Britain into in 1973.. EU leaders want to keep Britain in but will only discuss concrete changes once Cameron tells them what he wants. European Commission...

  • *Issues sell recommendations on BP and Statoil. May 18- Goldman Sachs has cut its long-term crude oil price forecasts and recommended investors sell shares in two major oil companies, saying that improved U.S. shale efficiency and higher production from OPEC will more than cover future demand. The U.S. investment bank's equities team, in a note published on...

  • *Iran says OPEC output cut unlikely. LONDON, May 18- Oil prices rose on Monday after Islamic State militants said they had seized control of the key city of Ramadi in western Iraq, raising fears of deeper turmoil in the oil-producing country. Analysts nevertheless said oil markets remained oversupplied, and that the glut could worsen if U.S. production picked up...

  • LONDON, May 18- Top executives at one of the world's largest makers of construction machinery have said Britain could be better off outside the European Union, a contrast with the view of many businesses which favour remaining in the bloc. We could exist on our own, peacefully and sensibly, " Anthony Bamford, head of the family-owned JCB group and a major donor to...

  • *Prices up despite Iran saying OPEC output cuts unlikely. SINGAPORE, May 18- Oil prices edged up on Monday following fighting in Iraq and Yemen, but Iranian comments that OPEC was unlikely to cut output as well as signs of strengthening U.S. production capped gains. Prices were supported by concerns that conflict in Iraq and Yemen could disrupt supplies after...

  • *Prices up despite Iran saying OPEC output cuts unlikely. SINGAPORE, May 18- Oil prices rose on Monday on supply concerns in the Middle East following fighting in Iraq and Yemen, but Iranian comments that OPEC was unlikely to cut output as well as signs of strengthening U.S. production capped gains. Prices were supported by concerns that conflict in Iraq and Yemen...

  • SNB'S ZURBRUEGG SAYS FINALLY SEEING POSITIVE SIGNALS FROM EURO ZONE AFTER A LONG WAIT, BUT GEOPOLITICS STILL BUOYING FRANC AS A SAFE HAVEN CURRENCY.