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  • DAVOS, Switzerland, Jan 21- Azeri president Ilhan Aliyev said on Thursday that he was ready to cooperate with OPEC on production policies, if a global deal was reached to reduce oversupply. The Azeri leader said at the World Economic Forum meeting of business leaders and policy makers in Davos that protests in Azerbaijan following a steep currency devaluation...

  • LONDON, Jan 21- Goldman Sachs and JPMorgan are making large donations to the campaign to keep Britain inside the European Union, sources said, highlighting the concern among some of the world's biggest banks over the impact of a British exit. In the face of growing Euroscepticism among the British electorate and political pressure from within his own party,...

  • LONDON, Jan 21- Goldman Sachs and JPMorgan are making large donations to the campaign to keep Britain inside the European Union, sources said, highlighting the concern among some of the world's biggest banks over the impact of a British exit. On Thursday, Cameron was preparing to urge business leaders at the World Economic Forum in the Swiss resort of Davos to...

  • BEIJING, Jan 21- International Monetary Fund chief Christine Lagarde on Thursday said China's structural reform will be a "massive undertaking". Responding to a question on the outlook for reform of China's state-owned enterprises, she said that despite the size of the challenge, she believed Beijing would deliver such reforms. She recounted how, at one point...

  • Iraq, OPEC's second-largest producer, expects output from the country's southern region to increase by up to 400,000 barrels per day this year, to over 4 million bpd, he said, speaking in Baghdad. Lifting oil prices now would require the Organization of the Petroleum Exporting Countries and non- OPEC nations to agree on curbing output, he said.

  • *Global market, growth outlook darkens. LONDON, Jan 21- The depth and ferocity of the selloff in world stocks and commodities so far this year has forced investors into a dramatic rethink of what the world's major central banks will do in 2016.. And this week the International Monetary Fund surprised no one when it cut its global growth forecasts for this year and...

  • BEIJING, Jan 21- Outstanding claims on China at end-September 2015 totalled $877 billion, the lowest in two years, the Bank for International Settlements said in an emailed statement on Thursday. In the same statement, BIS said that cross-border bank credit to China fell by $119 billion, or by 17 percent, between end-June and end-September period last year.

  • *Venezuela's call for OPEC meeting falls on deaf ears. LONDON, Jan 21- Oil fell on Thursday, dipping back towards 12- year lows on persistent concerns about a supply overhang and the outlook for demand. International benchmark Brent was down 43 cents at $27.45 a barrel by 0913 GMT.

  • BEIJING, Jan 21- International Monetary Fund chief Christine Lagarde on Thursday said China's structural reform will be a "massive undertaking". Largarde's comments were made at a session at the World Economic Forum in Davos, seen in a video feed monitored by Reuters. She added that she does not think China will actually complete the reform undertaking in line...

  • BEIJING, Jan 21- International Monetary Fund chief Christine Lagarde on Thursday said China should communicate better with its financial market. The remarks were made at a session at the World Economic Forum in Davos, seen in a video feed monitored by Reuters. Lagarde said China is "going through a list of transitions".

  • LONDON, Jan 21- JPMorgan, the biggest U.S. bank by assets, is preparing to make a donation to a group campaigning to keep Britain in the European Union, Sky News reported on Thursday. Several banks have said Britain should remain within the EU because a British exit could harm London's place as a global financial centre. Prime Minister David Cameron is renegotiating...

  • But that deal was ruled invalid last October by the Court of Justice of the European Union, which cited revelations about U.S. mass surveillance by former National Security Agency contractor Edward Snowden. European Union data protection authorities have given Brussels and Washington until the end of January to strike a new Safe Harbor agreement for...

  • *Venezuela suggests OPEC meeting; other delegates dismiss it. Venezuela requested an emergency OPEC meeting to discuss steps to prop up prices, but other delegates dismissed the idea. A Middle Eastern shipping firm became one of the first to resume direct business with Iran after international sanctions on Tehran were lifted at the weekend, a reminder of how...

  • WASHINGTON, Jan 20- The International Monetary Fund said on Wednesday it ended an exemption to its lending rules that had allowed it to make major loans to Greece, Ireland and Portugal in 2010 and 2011 to fight a growing euro-area sovereign debt crisis. Efforts to remove the "systemic exemption" were required by legislation passed by the U.S. Congress in December...

  • *Venezuela suggests OPEC meeting; other delegates dismiss it. Venezuela requested an emergency OPEC meeting to discuss steps to prop up prices, but other delegates dismissed the idea. "The Iranians are clearly stepping it up to battle for market share in Europe," said John Kilduff, partner at Again Capital LLC in New York.

  • BRUSSELS, Jan 20- European Union privacy regulators are leaning towards the restriction of personal data transfers to the United States because of the risk of U.S. surveillance, two sources familiar with the matter said on Wednesday. EU data protection authorities are finalising their position on data transfers to the United States after a top EU court last...

  • *Sanctions lifted, OPEC member Iran pushes oil and gas revival U.S. firms expected to wait and see how nuclear deal plays out. WASHINGTON, Jan 20- For U.S. oilfield services companies suffering the worst revenue slump in decades it would at first seem like a lifeline: The lifting of sanctions on Iran by six world powers reopened the door for their foreign units to...

  • QUITO, Jan 20- Ecuador President Rafael Correa said on Wednesday that his government was "tired" of pushing OPEC to decrease output and that the nation would keep working as if the oil cartel "did not exist." Regional ally Venezuela asked OPEC to hold an emergency meeting to discuss steps to prop up oil prices, although delegates said it was unlikely to happen.

  • AMSTERDAM, Jan 20- A new European airline association launched on Wednesday wants the European Union to reform its regulations to bring down the cost of using airports in the region and to tackle air traffic control strikes that typically occur each summer. Airlines for Europe, or A4E, was founded by Europe's five largest carriers IAG, Air France-KLM, easyJet,...

  • *U.S. crude hits September 2003 low under $27. *Venezuela moots OPEC meeting; other delegates dismiss it. A Venezuelan request for an emergency OPEC meeting to discuss steps to prop up prices did not stem declines.