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  • LONDON, April 27- Greek two-year government bond yields dropped around 250 basis points on Monday after Athens reshuffled its team handling talks with European lenders and the International Monetary Fund. "The Eurogroup meeting in Riga showed Varoufakis was more or less isolated and it seems that Tsipras has understood that," said Felix Herrmann, a market...

  • Why the US won't have OPEC to kick around in 2016 Monday, 27 Apr 2015 | 6:36 AM ET
    The oil ministers of Qatar, Saudi Arabia and the United Arab Emirates attend the opening session of the Arab Energy Conference in Abu Dhabi.

    U.S. elections have long featured a familiar whipping post. Yet thanks to the energy boom, it's one that may not play a role in 2016.

  • World Bank sees Belarus's 2015 GDP falling 3.5 pct Monday, 27 Apr 2015 | 5:39 AM ET

    MINSK, April 27- The World Bank said on Monday it saw Belarus's gross domestic product contracting 3.5 percent this year, sharply revising it down from an earlier forecast of 1.8 percent growth. Next year the contraction will continue, with GDP expected to decline 1 percent, Ruslan Penkevsky, the bank's senior economist for Belarus, said at a press conference.

  • The main issue assumes that the iron ore miners and OPEC are in effective control of the markets in which they operate, or at least exercise a large degree of influence over them. There are probably members of OPEC that wish their market was more like iron ore, and vice versa. Unlike OPEC, the iron ore miners don't have a producers' group and would struggle against...

  • KUALA LUMPUR, April 26- Malaysian police have arrested 12 people linked to the militant group Islamic State and seized explosives, foiling a plan to attack several locations in and around the capital, which is hosting the ASEAN summit. Security had already been heightened in Kuala Lumpur where leaders of the Association of Southeast Asian Nations arrived on...

  • RIGA, April 25- European Union finance ministers gave strong support on Saturday to the European Commission's proposal of a capital markets union, which would boost economic growth by giving companies wider access to capital across the 28- nation bloc. Unlike in the United States, where companies rely mainly on shares or bonds to raise money for development, in...

  • ZURICH, April 25- UBS's chairman said a default by Greece is seen by the International Monetary Fund as "systemically controllable" and he believed it would have a negligible impact on the Swiss bank itself, according to a newspaper interview published on Saturday. In an interview with Neue Zuercher Zeitung, the chairman of Zurich- based UBS, Axel Weber, addressed...

  • European finance ministers meeting in Riga were told that just a quarter of the reforms recommended by the European Commission, the EU executive, have been carried out and now that the crisis is easing, the pace of reform is slowing further. Some 24 million people are out of work in the 28- member European Union, or around 10 percent of the working population and...

  • *OPEC surplus nears 10- year high of 2 mln barrels per day. LONDON, April 24- Brent crude edged up on Friday, poised to mark a third consecutive week of price increases as air strikes in Yemen stoked concerns over the security of Middle East oil shipments. A softer U.S. dollar and strong economic indicators in Europe and Asia also lent support to oil prices despite OPEC...

  • *Saudi-led coalition continues Yemen bombings. *OPEC surplus nears 10- year high of 2 mln barrels per day. LONDON, April 24- Brent crude was on track to finish the week near 2015 highs on Friday as air strikes in Yemen stoked concerns over the security of Middle East oil shipments.

  • *Saudi-led coalition continues Yemen bombings. *OPEC surplus nears 10- year high of 2 mln barrels. LONDON, April 24- Brent crude looked set to finish the week near 2015 highs on Friday as air strikes in Yemen stoked concerns over the security of Middle East oil shipments.

  • GENEVA, April 23- Secret negotiations on international trade deals threaten human rights, an independent United Nations expert said on Thursday in comments that appeared aimed at agreements the United States is seeking with the European Union and Pacific nations. The United States, Japan and 10 other countries are racing to conclude the Trans-Pacific...

  • *Merkel wants to keep Greece in euro zone, avoid default- EU aide. The leftist Greek premier met the conservative German leader before an emergency European Union summit on migration, a day before euro zone finance ministers meet in Riga to review progress-- or the lack of it-- in slow-moving negotiations between Athens and its international lenders.

  • CARACAS, April 22- Oil Minister Asdrubal Chavez led a Venezuelan delegation in Qatar for meetings with local officials on Wednesday following similar talks in Iran and Saudi Arabia on an OPEC tour seeking ways to boost crude prices, according to a government statement. So far unable to nudge Saudi Arabia and its Gulf allies into supporting supply cuts,...

  • *U.S. wants Europe to open up to GMs as part of trade deal. The proposal covering GM crops in human food and animal feed upset trading partners, notably the United States, which wants Europe to open its doors fully to U.S. Trade Representative Michael Froman expressed his disappointment, saying it appeared to divide the European Union into 28 separate markets for...

  • *Gazprom calls charges "unfounded", seeks political agreement. BRUSSELS, April 22- The European Union launched a legal attack on Gazprom on Wednesday, stoking tension with Moscow as it accused the Russian gas giant of overcharging buyers in Eastern Europe and hindering competition. The EU's new antitrust chief, Margrethe Vestager, who a week ago announced a...

  • BANGKOK, April 22- Thailand's agriculture minister said on Wednesday he had confidence in measures designed to combat illegal fishing after the European Union gave the country six months to clean up its act. The European Commission, the executive body of the European Union, put Thailand on formal notice on Tuesday for not taking sufficient measures in the...

  • BANGKOK, April 22- Thailand's agriculture minister said on Wednesday he had confidence in measures designed to combat illegal fishing after the European Union gave the country six months to clean up its act. The European Commission, the executive body of the European Union, put Thailand on formal notice on Tuesday for not taking sufficient measures in the...

  • DIARY- Emerging Markets Economic Events to May 4 Tuesday, 21 Apr 2015 | 8:02 PM ET

    WASHINGTON- World Bank President Jim Yong Kim speaks at the global philanthropy forum- 1500 GMT. CAIRO- Central Bank of Egypt holds Monetary Policy Committee Meeting- 0100 GMT. BANGKOK- Bank of Thailand holds Monetary Policy Committee meeting.

  • LONDON, April 21- The European Union will mount a fresh bid to persuade the United States to free up the billions of euros in collateral it requires foreign reinsurers to set aside against policies. EU states agreed on Tuesday to give the bloc's executive European Commission a mandate to negotiate a regulatory pact with the United States. European reinsurers,...