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  • WASHINGTON, April 16- Overreliance on currency depreciations to boost domestic economies could exacerbate global tensions over exchange rates, the head of the International Monetary Fund said on Thursday. The sharp rise of the dollar against the euro and yen is expected to be a major theme at the meeting of the world's top economic policymakers in Washington...

  • NEW DELHI, April 16- An Indian delegation will visit Iran this week to scout for investment opportunities ahead of an anticipated nuclear deal between the OPEC- member and world powers that would soften sanctions against the country, sources privy to the plan said. India is Iran's biggest oil client after China although its imports from Tehran have declined...

  • *Wall Street on an uptrend; Nasdaq near record. *Netflix rallies after results, SanDisk lower. The Financial Times reported the International Monetary Fund had rebuffed a request from the country to delay loan repayments.

  • European equities retreat from highs on Greek concerns Thursday, 16 Apr 2015 | 7:23 AM ET

    LONDON, April 16- European equities retreated on Thursday, with growing concerns about Greece's debt situation prompting investors to take some profits after the previous session's 14- year highs. Greece's ATG share index fell 0.8 percent as the Financial Times reported the International Monetary Fund had rebuffed a request from the country to delay loan...

  • *OPEC March output surges 810,000 bpd on Saudi, Iraq boost. In a monthly report on Thursday, OPEC said demand for its oil this year would be 80,000 barrels per day higher than previously thought as lower prices curb supplies in the United States and other non-member countries. OPEC refused to cut its output in 2014 despite a price collapse, seeking to slow...

  • LONDON, April 16- OPEC said on Thursday demand for its oil this year would be higher than previously thought as its strategy of letting prices fall to hurt other producers begins to take effect. But the monthly report from the Organization of the Petroleum Exporting Countries also confirmed industry estimates of a surge in OPEC production in March, led by higher...

  • MUMBAI, April 15- India may go to the World Trade Organisation if the European Union does not reconsider a decision to suspend the sale of about 700 generic drugs that were approved based on clinical trials by GVK Biosciences Pvt Ltd, the firm's CEO said. The European Medicines Agency suspension became effective in January, a month after France, Germany, Belgium...

  • DIARY- Top Economic Events to April 28 Wednesday, 15 Apr 2015 | 8:01 PM ET

    WASHINGTON- European Central Bank Vice President Vitor Constancio speaks before the Levy Economics Institute of Bard College 24th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies- 1300 GMT. WASHINGTON- International Monetary Fund Deputy Managing Director Min Zhu, Central Bank of Malaysia Governor Zeti Akhtar Aziz, Turkey Deputy...

  • And Venezuela's oil minister Asdrubal Chavez met in Caracas with the local ambassadors of eight OPEC members plus Indonesia on Wednesday, the ministry said. Nearly four months of sub- $60 a barrel crude oil prices is weighing heavily on cash-strapped producers such as Venezuela and Russia, who failed to coax OPEC into cutting output last November.

  • NEW YORK, April 15- The European Union launched an antitrust probe on Wednesday into Google Inc's Android system, and if recent history is any indicator, the shares of the Internet services company might have trouble until the issue is resolved. Intel Corp fell about 35 percent during an EU investigation between July 2007 and May 2009. The EU initiated three...

  • April 15- Iraq's 2015 budget is based on an oil price of $56 per barrel, and the country is considering asking for emergency funding from the International Monetary Fund to ease its budget woes, Iraqi Finance Minister Hoshyar Zebari said on Wednesday. "We haven't made a decision but I think they are willing to provide that support, but they need the government to do...

  • CARACAS, April 15- Venezuela said ambassadors of various OPEC countries, including Saudi Arabia, were meeting the country's oil minister Asdrubal Chavez in Caracas on Wednesday. "Ambassadors of Saudi Arabia, Algeria, Ecuador, Iraq, Kuwait, Nigeria, Qatar, Iran and Indonesia are present," the Oil Ministry said in a tweet. The Oil Ministry's twitter feed said the group...

  • NEW YORK, April 15- The European Union on Wednesday launched an antitrust probe into Google Inc's Android system, and if recent history is any indicator, shares of the Internet giant may have trouble moving forward until the issue is resolved. Intel Corp fell about 35 percent between July 2007 and May 2009, during an EU investigation. The EU initiated three...

  • *OPEC production surges to 31.02 mln bpd- IEA. LONDON, April 15- Oil prices jumped more than a dollar on Wednesday after a lower than expected build of crude oil stocks in the United States. Crude stocks there rose 1.29 million barrels to 483.69 million barrels in the week to April 10, the U.S. Energy Information Administration said on Wednesday, against a forecast of a...

  • Oil supply buffer could halve as OPEC output rises Wednesday, 15 Apr 2015 | 10:41 AM ET

    LONDON, April 15- An oil supply shortage may be the last thing on investors' minds right now, but the ability of OPEC producers to cope with an unexpected surge in demand is diminishing fast, analysts and forecasters say. "A much thinner oil supply buffer could be developing," said Virendra Chauhan, oil analyst at London- based market consultancy Energy Aspects.

  • OSLO, April 15- Average carbon dioxide emissions from new cars sold in the European Union fell 2.6 percent last year, beating goals set for 2015 as part of efforts to slow climate change, the European Environment Agency said on Wednesday. The most carbon-efficient cars were bought in the Netherlands, Greece and Portugal with the least efficient in Estonia, Latvia...

  • *Russian delegation to meet OPEC in Vienna in June. Russia has stepped up contacts with OPEC after oil prices plunged last year, however it has dismissed any suggestion it might cut output to prop up prices, saying it is technically impossible to idle production due to the harsh climate in Siberia, the heartland of Russian oil production. The fall in price of oil,...

  • Financial shocks may grow as liquidity shrinks, IMF warns Wednesday, 15 Apr 2015 | 9:00 AM ET

    *IMF also warns Europe on life insurance sector. WASHINGTON, April 15- Rising U.S. interest rates will expose gaps in liquidity that could make markets prone to deeper and wider shocks, the International Monetary Fund said in a report on Wednesday. It pointed in particular to two recent examples of market jolts that could be a harbinger of more to come, echoing...

  • *OPEC output surges in March, may be sustained in April. LONDON, April 15- World oil markets may take longer to tighten than expected due to a surge in OPEC supply and a potential rise in Iranian exports, even as demand shows signs of strength, the International Energy Agency said on Wednesday. OPEC production surged to 31.02 million barrels per day in March, almost a...

  • NEW DELHI, April 15- India needs to move towards full capital account convertibility to become a leading global economy, junior finance minister Jayant Sinha said on Wednesday. Sinha's comments came a day after the International Monetary Fund predicted Asia's third-largest economy would become the fastest growing major economy in the world, outpacing...