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  • LONDON, Feb 12- Oil prices jumped on Friday on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Brent gained as much as 6 percent against its previous settlement and was up 4.9 percent at $31.53 per barrel at 0938 GMT. "The comments by the UAE oil minister are pushing prices up... but we're still in a...

  • LONDON— The latest on the turmoil afflicting global financial markets:. Jonathan Loynes, chief European economist at Capital Economics, says the downside risks have increased and as a result he thinks the European Central Bank will back "further decisive policy support" at its March meeting. European stock markets have opened higher following a rebound in the...

  • WITHAM, England, Feb 12- Striding through a housing estate in the drizzle to hand out leaflets, 52- year-old builder Kevin Lovett throws up his arms in despair as he rails against the deceit he sees at the heart of the European Union. Pitching their dream of a proud Britain breaking free from a German-dominated bloc, the "Out" campaigners cast leading pro-Europeans...

  • TOKYO— European shares rose Friday, shrugging off a bad day in Asia, as the sell-off in banking shares abated and oil prices rebounded from a 12- year low. In early trading, Germany's DAX was up 1.3 percent at 8,863.25 and Britain's FTSE 100 leapt 1.3 percent to 5,611.99. Shares in Germany's Commerzbank AG jumped 11 percent after it reported strong gains in fourth...

  • TOKYO— Japan's main stock index dived more than 5 percent Friday, leading other Asian markets lower, after a sell-off in banking shares roiled investors in Europe and the U.S. Shares in New Zealand, Taiwan and Thailand fell while Singapore and Indonesia rose. Markets in China and Taiwan are closed until Monday for Lunar New Year holidays.

  • BRUSSELS, Feb 11- When British Prime Minister David Cameron meets fellow EU leaders in Brussels in a week, they will argue over stubborn differences on a broadly agreed text on EU reform to help keep Britain in the bloc. One of only two EU states neither to use the euro nor be bound to adopt it in time, Britain stands alone in insisting there will never be just one...

  • *10- yr Treasury yields hit 1.53 pct, lowest since Aug 2012. *Dollar hits lowest vs yen since October 2014. NEW YORK, Feb 11- Stock markets fell worldwide on Thursday on fears over the health of the global economy and the banking sector, with MSCI's global stock index dropping to more than 20 percent below its all-time high, while safe-haven 10- year Treasury yields hit...

  • District Judge Jed Rakoff in Manhattan declined to dismiss the case against Anthony Allen and Anthony Conti, the former traders from the United Kingdom, who argued that their rights against self-incrimination were violated. The decision came three months after a federal jury in Manhattan found Allen, 44, and Conti, 46, guilty of conspiracy and wire fraud in...

  • NEW YORK, Feb 11- Stock indexes worldwide stumbled on Thursday on fears over the health of the global economy, with a global equity benchmark index closing the day more than 20 percent below its record high last May, confirming global stocks are in a bear market. MSCI's all-country world equity index, which tracks shares in 45 nations, was last down 4.73 points, or...

  • *WSJ report of likely OPEC production cut helps pare losses. Prices came off session lows in post-settlement trade after the Wall Street Journal quoted UAE's energy minister as saying OPEC was ready to cooperate on production cuts. Most traders were skeptical, noting that Venezuela and Russia recently called in vain for OPEC and other major oil producers to...

  • NEW YORK, Feb 11- Blackstone Group has launched a fund to finance the troubled offshore drilling and services sector, the U.S. private equity firm said on Thursday, anticipating a buyer's market as low oil prices set the stage for restructuring and consolidation. Blackstone's new entity, called Clarion Energy Partners, will be led by former executives of Pride...

  • *Traders rush to buy $25 puts for U.S. crude. *Goldman sees U.S. crude at $20- $40 until second half of 2016. *Iran offers crude to Asia at discount to Saudi Arabia.

  • NEW YORK, Feb 11- Stock indexes worldwide tumbled on Thursday on fears over the health of the global economy, with banking shares slumping on both sides of the Atlantic, while safe-haven 10- year Treasury yields hit their lowest since 2012.. The U.S. dollar slid to its lowest against the safe-haven yen since October 2014 of 110.985 yen, and was on track for its worst...

  • Industry figures show the number of traders employed in Europe at the top 10 foreign exchange banks is down 30 percent over the last three years. Figures from the Bank of England and New York Federal Reserve last month showed that trading volume has fallen to its lowest level in three years. According to financial industry analytics data firm Coalition, the top...

  • LONDON— Britain's health secretary has taken the unusual step of opting to impose a new contract on junior doctors after failing to strike a deal with thousands of medical professionals in England. He said the government was motivated by concerns that the National Health Service's standard of care on the weekends was "too low." Outraged at Hunt's decision, the...

  • *Iran offers crude to Asia at discount to Saudi Arabia. *Goldman sees U.S. crude at $20- $40 until second half of 2016. On Wednesday, U.S. government data showed Cushing inventories hit all-time highs just shy of 65 million barrels during the week ended Feb. 5.

  • ANKARA/ DUBAI, Feb 11- Iran's cancellation of a conference when it had been due to unveil investment contracts to international oil firms signals that political feuding is disrupting plans to revive its energy sector. Tehran blamed snags in obtaining British visas for Iranian delegates to the long-delayed conference, which had been scheduled to be held in...

  • NEW YORK, Feb 11- Stock indexes worldwide stumbled on Thursday on fears over the health of the global economy, with banking shares slumping on both sides of the Atlantic while safe-haven 10- year Treasury yields hit their lowest since 2012.. The dollar hit its lowest against the safe-haven yen since October 2014 of 110.985 yen, and was on track for its worst week...

  • MILAN, Feb 11- Prosecutors are investigating five managers at Alphabet Inc's Google as part of a probe into allegations the firm evaded taxes worth 227 million euros in Italy, investigative sources said on Thursday. Meanwhile, tax authorities in some countries, including Italy, are also trying to use existing tax rules to force companies to pay more tax on the...

  • LONDON, Feb 11- Drugmaker Shire reported better-than-expected profit in the last quarter of 2015, a period when management could have been distracted by buying rare disease specialist Dyax and the final stages of its $32 billion pursuit of Baxalta International. Shares in the London- listed company reversed early losses on Thursday to trade up 0.7 percent at...