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  • LONDON, Jan 27- Oil futures fell on Wednesday, after a surprise rise in U.S. inventories wiped out the optimism that had built up the day before over the potential for the world's largest exporters to cut output enough to stem a 19- month-long price slide. Oil prices bounced on Tuesday after senior OPEC and Russian officials stepped up vague talk of possible joint...

  • Security resolution targeting North Korea after its Jan. 6 nuclear test, though there were few signs of concrete progress. Kerry, on a two-day visit to Beijing, had been expected to press China, North Korea's lone major backer, for more curbs on Pyongyang after it said it had successfully conducted a test of a miniaturised hydrogen nuclear device, though the United...

  • LONDON, Jan 27- Oil futures fell on Wednesday, after a surprise rise in U.S. inventories wiped out the optimism that had built up the day before over the potential for the world's largest exporters to cut output enough to stem a 19- month-long price slide. Oil prices bounced on Tuesday after senior OPEC and Russian officials stepped up vague talk of possible joint...

  • BEIJING, Jan 27- The United States and China must find a way forward on reining in North Korea's nuclear programme and easing tension in the South China Sea, U.S. Kerry, on a two-day visit to Beijing, had been expected to press China to push for more curbs on North Korea after it said it had successfully conducted a test of a miniaturised hydrogen nuclear device on Jan. 6.

  • BEIJING, Jan 27- The United States and China must find a way forward on the North Korea nuclear issue and the situation in the South China Sea, U.S. Kerry, on a two-day visit to Beijing, had promised to press China to push for more curbs on North Korea after it said it had successfully conducted a test of a miniaturised hydrogen nuclear device on Jan. 6.

  • HONG KONG, Jan 27- In the lead up to General Electric Co's appliance unit auction, Haier Group did something Chinese bidders have rarely dared to do in a competitive global M&A deal. While informal discussions centered around a bid of $4.2 billion, people familiar with the matter told Reuters, Haier submitted a knock-out $5.4 billion binding offer, moving...

  • *Iraq sees some flexibility for OPEC, non- OPEC deal. NEW YORK, Jan 26- Oil prices jumped on Tuesday as investors hoped OPEC and non- OPEC producers were inching closer to a deal to reduce output amid one of the biggest supply gluts in decades, and news that U.S. oil company Hess Corp planned to slash capital spending. Crude surged after the Organization of the Petroleum...

  • *Iraq sees some flexibility for OPEC, non- OPEC deal. NEW YORK, Jan 26- Oil rose more than 5 percent on Tuesday, with Brent going above $32 a barrel, on hopes OPEC and non- OPEC producers were inching closer to a deal to reduce output in the face of one of the biggest supply gluts in decades. The Organization of the Petroleum Exporting Countries has renewed calls for rival...

  • *Jitters remain after China shares fall to 14- month low. Top OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply gluts in decades, though there were others, including Kuwait, who say they doubt it will happen as long as others are increasing their output. Brent crude was last up 36 cents, or...

  • *Iraq sees some flexibility for OPEC, non- OPEC deal. LONDON, Jan 26- Oil rose towards $31 a barrel on Tuesday, lifted by hopes that OPEC and non- OPEC producers may be edging closer to a deal to tackle one of the biggest supply gluts in decades. The Organization of the Petroleum Exporting Countries is making renewed calls for rival producers to cut supply alongside its...

  • *Jitters remain after China shares fall to 14- month low. LONDON, Jan 26- Markets went on another rollercoaster ride on Tuesday as hopes that big oil producers may start tightening supply drove crude oil prices higher and pulled stocks out of a worldwide dive that included a six-percent plunge in China. London, Frankfurt and Paris had initially dropped as much as...

  • *Kuwait reiterates OPEC cannot cut oil output alone. LONDON, Jan 26- Oil rose further above $30 a barrel on Tuesday, lifted by hopes that OPEC and non- OPEC producers may be edging closer to a deal to tackle one of the biggest supply gluts in decades. Iraq's oil minister said on Tuesday he saw some flexibility for a deal between OPEC and non- OPEC.

  • *Kuwait reiterates OPEC cannot cut oil output alone. LONDON, Jan 26- Oil dropped to $30 a barrel on Tuesday, trading within sight of a 12- year low on concerns about excess supply and more signs of a Chinese economic slowdown. An oil official in Kuwait downplayed the prospect of an emergency OPEC meeting and predicted 2016 would be tough with prices remaining low-...

  • SEOUL, South Korea— LG Electronics, the world's second-largest TV maker, on Tuesday reported an unexpected loss for the final quarter of 2015 as its smartphone business struggled and costs for raw materials rose. The South Korean company said Tuesday it had a net loss of 140.4 billion won for the October-December period, compared with a net loss of 205.7 billion...

  • *Iraq may raise southern oil output to 4 mil bpd. China's rail freight volume, a key economic indicator, dropped 11.9 percent in 2015 from a year ago, compared with a decline of 3.9 percent in 2014, the National Development and Reform Commission said on Tuesday, adding to concerns of contracting economic activity and weighing on oil prices. Global benchmark Brent...

  • Hyundai Motor's 2015 profit sinks to 5-year low Tuesday, 26 Jan 2016 | 12:20 AM ET

    SEOUL, South Korea— Hyundai Motor Co. reported its lowest annual profit in five years after a failure to fully anticipate strong demand for sports utility vehicles in China led to a sales drop in the world's largest auto market. Hyundai's sales in China dropped about 30 percent in June and July over a year earlier on lower demand for its passenger vehicles and the...

  • SEOUL, Jan 26- Crude futures extended falls on Tuesday to retest the $30 a barrel level, as fresh worries about oversupply from top producers Saudi Arabia and Iraq spooked the market. Global benchmark Brent crude lost 44 cents to $30.06 a barrel by 0332 GMT after hitting a session low of $30. "Technical short-covering and a cold spell in the United States and some...

  • SEOUL, Jan 26- Crude futures extended falls on Tuesday to retest the $30 a barrel level, as the market was spooked by news that Iraq's output hit a record high and after Saudi Arabia pledged to maintain energy investment. Global benchmark Brent crude lost 37 cents to $30.13 a barrel by 0129 GMT after hitting a session low of $30. "Technical short-covering and a cold...

  • SEOUL, South Korea— South Korea's economic growth slowed in the final quarter of 2015 as a drop in construction investment outweighed an improvement in consumer spending, the country's central bank said Tuesday. Asia's fourth-largest economy expanded 0.6 percent in the fourth quarter from the previous quarter, Bank of Korea's preliminary data showed.

  • SEOUL, Jan 26- South Korea's economic growth slowed by more than half in the fourth quarter from the third quarter of 2015, prompting the government to press ministers to spend their budget allocations in a timely manner to keep recovery momentum alive. Fourth-quarter gross domestic product rose 0.6 percent in seasonally adjusted terms from the third...