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  • *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,...

  • NEW YORK, April 21- The European Union is looking to again postpone imposing new capital rules on EU banks that trade derivatives through non-EU clearing houses, according to a document seen Tuesday. But while the EU's executive body, the European Commission, has granted equivalence to countries such as Singapore, it has pointedly refused to do so as yet for the...

  • NEW YORK, April 21- The European Union wants to delay deciding for another six months whether to keep allowing EU banks to use derivatives clearing houses outside the bloc, according to a document seen by IFR. At issue is how much capital banks in the European Union must hold when executing trades through clearing houses in the United States and elsewhere.

  • 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 re-insurers 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.

  • VIENNA, April 21- European Union leaders should agree on concrete funding for stepped-up Mediterranean search and rescue operations for migrants at a special summit this week, European Commission President Jean-Claude Juncker said on Tuesday. "In terms of funding needed for rescue missions at sea I expect that we don't ask questions on Thursday but offer...

  • 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 re-insurers 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.

  • *OPEC meets on June 5. KHOBAR, Saudi Arabia, April 21- Venezuela's oil minister heads a delegation to meet Saudi Arabian oil officials on Tuesday, coming from talks in Iran, in an OPEC diplomatic tour as its need for higher oil prices gains urgency. Its need for OPEC to cut supply to support prices has failed to shift the stance of Saudi Arabia and its Gulf OPEC allies,...

  • *Two more rescues underway near Libya, one off Greece. CATANIA, Italy/ LUXEMBOURG April 20- The European Union proposed doubling the size of its Mediterranean search and rescue operations on Monday, as the first bodies were brought ashore of some 900 people feared killed in the deadliest shipwreck while trying to reach Europe. Malta's Prime Minister Joseph...

  • *Current crude output at 2.85 mln bpd, says PDVSA head Del Pino. *Venezuela pins hopes on Orinoco Belt heavy-crude area. ORINOCO BELT, Venezuela, April 20- OPEC member Venezuela is currently exporting between 2.4-2.5 million barrels per day from national crude production of around 2.85 million, the head of state oil company PDVSA said.

  • Venezuela receives new $5 billion loan from China Monday, 20 Apr 2015 | 9:30 AM ET

    CARACAS, April 20- Venezuela has received a new $5 billion loan from China, President Nicolas Maduro said, part of an oil-for-loans deal that has become a key source of financing for the cash-strapped OPEC nation that is struggling with low crude prices. Under the arrangement created by late socialist leader Hugo Chavez, China provides funding for development...

  • *Northern states forced to support Italy after disaster. Many European governments have long been reluctant to fund rescue operations in the Mediterranean for fear of encouraging more people to make the crossing in search of a better life in Europe, but they now face outrage over the refugee deaths. "What's at stake is the reputation of the European Union,"...

  • *Death toll from Sunday's shipwreck off Libya still unclear. VALLETTA/ CATANIA, Italy, April 20- European Union foreign ministers gathered in Luxembourg on Monday under pressure to produce more than words as bodies were brought ashore in Malta among hundreds feared drowned in the latest Mediterranean migrant tragedy. Sunday's shipwreck off Libya appears to...

  • *Northern states forced to support Italy after disaster. "What's at stake is the reputation of the European Union," Italian Foreign Minister Paolo Gentiloni told reporters as he arrived for a meeting with EU peers in Luxembourg. Northern European Union countries have so far largely left rescue operations to southern states such as Italy.

  • Central banks prepare to flood FX markets with euros Monday, 20 Apr 2015 | 5:38 AM ET

    The latest International Monetary Fund data show that global FX reserves fell by 3.1 percent, or $383 billion, in the second half of last year to $11.6 trillion. Around two thirds of that was due to valuation effects from the euro's 11.7 percent fall in that period, according to JP Morgan. Stephen Jen, manager of the SLJ Macro hedge fund in London, reckons that will...

  • LONDON, April 20- German 10- year borrowing costs resumed a descent towards zero on Monday, with worries about Greece falling out of the euro zone increasing demand for top-rated assets even as the ECB's bond-buying programme quashes yields. Athens has been stuck in negotiations with its euro zone partners and the International Monetary Fund over economic...

  • BERLIN, April 20- Global lenders' negotiations with Greece, which have been moving at a crawl recently, have gained some momentum but remained a long way from the finish line, the International Monetary Fund's European head told a German newspaper. "There has been a little bit more impetus in the negotiations between the three institutions and the Greek...