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  • LONDON, Feb 8- The global economy is being hit by a slowdown in growth, large swings in exchange rates and tumbling commodity prices. The case for a single interconnected adjustment was made by Jaime Caruana, general manager of the Bank for International Settlements on Friday. Much of the borrowing has been conducted in U.S. dollars and was made possible by low...

  • *Focus shifting to Fed testimony, IEA, EIA and OPEC data. LONDON, Feb 8- Crude oil prices eased in thin trade on Monday as a meeting between OPEC producers Saudi Arabia and Venezuela showed little indication that steps would be taken to boost prices. Saudi Arabia's oil minister Ali al-Naimi discussed cooperation between members of the Organization of the...

  • TOKYO, Feb 8- Crude oil futures were mixed in early Asian trade on Monday after a meeting between OPEC producers Saudi Arabia and Venezuela to discuss coordination on prices ended with few signs there would be steps taken to boost prices. Brent crude futures, the global benchmark was down 9 cents at $33.97 at 0039 GMT. Saudi Arabia's oil minister Ali al-Naimi...

  • MONTREAL/ WASHINGTON, Feb 7- Europe and the United States tried to bridge differences over emissions standards for aircraft on Sunday as global aviation leaders prepared to adopt new rules that could affect Boeing Co and Airbus Group's production of the largest jetliners and freighters. Proposals being debated in Montreal by the International Civil...

  • UNITED NATIONS, Feb 6- The United Nations Security Council will hold an emergency meeting on Sunday to discuss the North Korean rocket launch as requested by United States, Japan and South Korea, the U.N. press office said. The closed-door consultations of the 15- nation council on North Korea will take place at 11 a.m. ET, the United Nations said in a statement on...

  • BEIJING, Feb 7- China's foreign exchange reserves, the world's largest, fell by $99.5 billion in January, the central bank said in a statement on Sunday. China's gold reserves rose to $63.57 billion at the end of January, from $60.19 billion at the end of 2015, the People's Bank of China said on its website. China's International Monetary Fund reserve position was at...

  • *EU producers allege dumping by China. PARIS, Feb 6- Seven countries including France, Britain and Germany have urged the European Union to step up action to relieve an ailing steel industry suffering from tumbling prices and cheap imports from China and Russia. Europe has lost 85,000 steel jobs since 2008, over 20 percent of the workforce, according to the...

  • BEIJING, Feb 6- China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization, responding to reports that the European Commission was preparing to impose duties on imported Chinese steel. The EC is set to impose provisional duties later this month of up to 16 percent on China, and of up to 26 percent on...

  • NEW YORK, Feb 5- Oil prices ended the week lower in choppy trading on Friday, snapping two weeks of gains, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut. After a volatile week's trading, much is riding on Sunday's meeting between Venezuelan Oil Minister Eulogio Del Pino and his Saudi...

  • NEW YORK, Feb 5- Oil prices were little changed in choppy trading on Friday, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut. After a volatile week's trading, much is riding on Sunday's meeting between Venezuelan Oil Minister Eulogio Del Pino and his Saudi counterpart Ali al-Naimi in...

  • LONDON, Feb 5- CK Hutchison Holdings Ltd has received the EU's list of objections to its takeover of Telefonica's O2, which will create Britain's biggest mobile operator and cut the number of networks to three, a person familiar with the situation said. European Union antitrust regulators launched a full investigation last October into Hutchison's 10.3...

  • London's bid to win exemption from the European Union goal of "ever closer union," preserve its financial sector from regulation by the euro zone and curb access to in-work benefits for EU migrant workers won backing from Poland as the meeting of national negotiators- or sherpas- began in Brussels. The powerful leader of Warsaw's new ruling party, Jaroslaw...

  • ALMATY, Feb 5- Tajikistan, hit hard by spillover from Russia's economic woes, is in talks with the International Monetary Fund on financial aid, Tajik state news agency Khovar reported on Friday citing government and Fund officials. The IMF resident representative office in Tajikistan had no immediate comment. According to IMF data, Tajikistan most recently...

  • BRUSSELS, Feb 5- The European Union's top trade official has urged China to take measures to curb overcapacity of its steel industry and warned it that it will open three new anti-dumping investigations this month on steel imports from China. The call comes as the European Union begins a debate into whether to relax trade defences against China as Beijing...

  • The International Monetary Fund (IMF) logo is seen at the IMF headquarters building in Washington.

    Christine Lagarde said China's slowdown would pressure oil and commodity exporters around the globe, increasing demands for IMF aid.

  • "The richest oil exporters in the region, Saudi Arabia, Qatar, Kuwait and United Arab Emirates, have large reserves that will enable them to run deficits over the coming years, although not far beyond that," the World Bank said in the report. The report was issued as the World Bank is in talks on financing with some oil producers in other regions, including Azerbaijan,...

  • WASHINGTON, Feb 4- China can avoid a "hard landing" if Beijing pursues reforms to state enterprises and sticks to a more market-driven and well-communicated exchange rate policy, International Monetary Fund Managing Director Christine Lagarde said on Thursday. "China is going through that massive, multi-faceted transition and we do not expect a hard landing...

  • ULAN BATOR, Feb 4- Canada's Centerra Gold Inc has received the go-ahead from lawmakers in Mongolia to mine the Gatsuurt deposit after a five-year delay, as that resource-rich country looks to bolster its economic activity and gold reserves. Mongolia's once-booming economy has taken a steep slide, with the Asian Development Bank estimating 2015 growth at less...

  • *Iran says it supports meeting between OPEC, other producers. *Venezuela oilmin meets with counterparts in Qatar, Oman. NEW YORK, Feb 4- Oil fell 2 percent in volatile trading on Thursday, as support from a weakening dollar was overshadowed by scepticism that cash-strapped OPEC member Venezuela's effort to lobby crude producers for joint output cuts would...

  • Qatar's Energy Minister Mohammed al-Sada is the current holder of the rotating OPEC presidency. Del Pino later met Oman's Oil Minister Mohammad bin Hamad al-Rumhy, who "reiterated his support of the actions Venezuela has taken to stabilize the market," according to statements from the Oil Minister and state oil company PDVSA, over which Del Pino presides.