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  • MUMBAI, June 7- India's central bank is widely expected to keep its policy interest rate unchanged at a five-year low of 6.50 percent on Tuesday, while signaling the prospect of another cut later this year if monsoon rains dampen upward pressure on food prices. Reserve Bank of India Governor Raghuram Rajan, a much admired former International Monetary Fund...

  • GENEVA, June 6- The idea that Britain could scrap all import tariffs to avoid long, messy trade negotiations after quitting the European Union is "almost theoretical" and probably not feasible, the head of the World Trade Organisation said in an interview. While leaders of the so-called Brexit campaign have mainly advocated the forging of new trade deals with the...

  • MUNICH, Germany, June 6- Ian Robertson, BMW's board member for sales, has dispensed with the Bavarian carmaker's customary discretion and urged fellow Britons to vote to remain in the European Union in a referendum this month. "The UK is a prosperous economy but if you imagine it without the flow of labour from the EU, I firmly believe that the British economy would...

  • *Unwinding rules will be tough if Britain quits EU. But unlike opponents of Britain's membership in the European Union, he puts the blame on London rather than Brussels. Barratt, a 36- year-old former investment banker from the United States, points to a new UK pension contribution system for his 26 employees and duplicative checks on electrical equipment that...

  • LONDON, June 4- The campaign to stop Britain voting to leave the European Union in a June 23 referendum has seen its lead shrink over the past two weeks, an online poll published by market research company Opinium showed on Saturday. The poll conducted between May 31 and June 3 showed 43 percent of people planned to vote to stay in the EU while 41 percent wanted to...

  • LONDON, June 4- A poll of Britons' views ahead of June 23' s referendum on European Union membership showed a smaller lead for the "Remain" campaign on Saturday, according to market research company Opinium. Opinium said an online survey of 2,007 adults conducted between May 31 and June 3 showed 43 percent intended to vote to stay in, while 41 percent said they would...

  • YENAGOA, Nigeria June 4- A militant group that has claimed responsibility for several attacks on Nigeria's oil infrastructure urged other groups on Saturday not to attack soldiers or kidnap people. The recent spate of attacks in the Niger Delta, which is Nigeria's oil producing hub, have driven the OPEC member's crude output to a more than 20- year low and...

  • Federal Reserve may delay an interest rate rise at its June meeting due to concern about the economic fallout of Britain's impending vote on whether to leave the European Union. Fed Board Governor Daniel Tarullo on Thursday joined a chorus of those expressing concern about the British vote, telling Bloomberg that Brexit would be a "factor" he would consider at...

  • *OPEC meeting in Vienna does not agree output targets. NEW YORK, June 3- Oil prices tumbled more than 1 percent on Friday, extending losses after weekly industry data showed U.S. drillers added rigs for only the second time this year. "The increase in the rig count as prices near the $50/ bbl range is clearly indicative of the elasticity of U.S. production and speaks to...

  • *OPEC meeting in Vienna does not agree output targets. NEW YORK, June 3- Oil prices tumbled more than 1 percent on Friday, extending losses after weekly data showed U.S. drillers added rigs for only the second time this year. "The increase in the rig count as prices near the $50/ bbl range is clearly indicative of the elasticity of U.S. production and speaks to the...

  • *OPEC meeting in Vienna does not agree output targets. NEW YORK, June 3- Oil prices dipped on Friday on concerns about the U.S. economy, but Brent crude held close to $50 a barrel in choppy trading with support from a weaker dollar and relief that most OPEC members do not plan to flood the market with excess crude. Brent crude futures dipped 8 cents to $49.96 per barrel by...

  • *OPEC meeting in Vienna does not agree output targets. NEW YORK, June 3- Oil prices were slightly lower but Brent crude held around $50 a barrel in choppy trading on Friday on signs the market was moving back to more balanced supply and demand, and on an OPEC meeting viewed as supportive. The positive tone of the Organization of the Petroleum Exporting Countries...

  • Federal Reserve may be forced to delay an interest rate hike at its policy-making meeting in June due to mounting concern over the economic fallout from Britain's vote on whether to leave the European Union. The most recent poll found that voters in Britain- Europe's second biggest economy and its most influential financial center- were evenly split on...

  • *Russia not OPEC member but regularly holds consultations. MOSCOW, June 3- Russia, the world's top oil producer, plans to continue its consultations with OPEC and may hold a meeting with the group this autumn, Energy Minister Alexander Novak told reporters. We will for sure do a related meeting this year, "Novak said, referring to consultations on the market...

  • *OPEC meeting in Vienna does not agree output targets. The positive tone of the Organization of the Petroleum Exporting Countries meeting in Vienna on Thursday assuaged concerns over an intensified battle for market share between rivals Saudi Arabia and Iran. "The meeting removed a substantial concern and downside risk from the market as Saudi Arabia made it...

  • *In his first OPEC meeting, Falih pledges "no shocks". *Saudi energy minister says OPEC has role in balancing markets. Intense diplomacy by the soft-spoken Falih at his first OPEC meeting- with his speech peppered by words such as "gentle approach," "no shocks" and "consensus"- has persuaded Alekperov that OPEC is more alive than dead.

  • VIENNA, June 3- OPEC's strategy of letting the oil market balance itself is working as investment in the industry is falling and any recovery will take time to bring new supplies, a senior Iraqi oil official said on Friday. "OPEC let the market work and so far they are succeeding, because it's affected investment," Falah Alamri, the head of Iraq's State Oil Marketing...

  • *OPEC meeting in Vienna does not agree output targets. The positive tone of the Organization of the Petroleum Exporting Countries meeting in Vienna on Thursday assuaged concerns over an intensified battle for market share between rivals Saudi Arabia and Iran. "The meeting removed a substantial concern and downside risk from the market as Saudi Arabia made it...

  • DUBLIN, June 3- The head of Dubai- based airline Emirates expressed concerns on Friday about the impact on the rest of Europe if Britain votes to leave the European Union in a June 23 referendum. Noting forecasts about economic disruption in the UK in the event of a vote to leave the EU, airline president Tim Clark said he was also worried about political and economic...

  • *OPEC meeting in Vienna does not agree output targets. SINGAPORE, June 3- Brent oil prices held around $50 a barrel on Friday following an OPEC meeting that failed to agree on output targets, but which was seen as supportive as Saudi Arabia pledged not to flood the market with more fuel. Analysts still took away positives from the meeting in Vienna, as Saudi Arabia...