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  • *Austria and Sweden say Greece could be excluded from Schengen. AMSTERDAM, Jan 25- European Union interior ministers on Monday urged Greece to do more to control the influx of migrants, some threatening to exclude it from the continent's prized passport-free travel zone as the crisis increasingly divides the bloc's members. Greece was the main gateway to...

  • UPDATE 5-Oil falls 3 percent on swelling oversupply Monday, 25 Jan 2016 | 5:06 AM ET

    *Indonesia says chances of extra OPEC meeting are slim. LONDON, Jan 25- Oil prices fell 3 percent on Monday as Iraq announced record-high oil production feeding into a heavily oversupplied market, wiping out much of the gains made in one of the biggest-ever daily rallies last week. "The news that Iraq has probably hit another record builds on the oversupply...

  • UPDATE 4-Oil falls 4 percent on swelling oversupply Monday, 25 Jan 2016 | 4:17 AM ET

    *Indonesia says chances of extra OPEC meeting are slim. LONDON, Jan 25- Oil prices fell 4 percent on Monday as Iraq announced record-high oil production feeding into a heavily oversupplied market, wiping out much of the gain made in one of the biggest-ever daily rallies last week. Indonesia's OPEC governor said that support among the Organization of the...

  • AMSTERDAM, Jan 22- Philips's plan to shed its lighting businesses suffered a setback on Friday when a $3.3 billion deal to offload the components division to Asian buyers was blocked by the United States on security grounds. The agreement to sell an 80 percent stake in the Lumileds division based in California ran into opposition from the Committee on Foreign...

  • *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.

  • U.S. lawmakers delay bill on European data privacy deal Wednesday, 20 Jan 2016 | 6:25 PM ET

    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...

  • 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,...

  • New European airline lobby group wants EU airport fees cut Wednesday, 20 Jan 2016 | 11:30 AM ET

    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. Airlines for Europe, or A4E, founded by IAG, Air France-KLM, easyJet, Lufthansa and Ryanair, said a new study showed that charges at the largest 21 European airports have risen 80...

  • BRUSSELS, Jan 20- U.S. cable group Liberty Global is set to secure EU approval for its 1.3- billion-euro bid for KPN's Belgian unit after pledging to divest assets to boost a rival, two people familiar with the matter said on Wednesday. This will be the first telecoms merger cleared by European Competition Commissioner Margrethe Vestager since she scuppered a...

  • *ARA, Newcastle gain while Richard's Bay falls. LONDON, Jan 19- Coal trading volumes via financial instruments soared 44 percent to 5.3 billion tonnes in 2015, led by growth in the dominant Amsterdam- Rotterdam- Antwerp region and Australia's Newcastle, research company Prospex said. Ben Tait, director at Prospex Research, said the most active banks in coal...

  • Ample storage space for oil may limit price moves Tuesday, 19 Jan 2016 | 6:20 AM ET

    *New storage capacity to come on line in Asia this year. New storage tanks built in recent years, mostly in the United States and Asia, leave hundreds of millions of barrels of space to fill, confounding expectations that excess production could overflow tanks and drive prices further down. Benchmark Brent crude dipped below $28 a barrel on Monday, its lowest level...

  • *Requests for loans modest in France and Germany. FRANKFURT, Jan 19- Home buyers in Italy and the Netherlands are demanding ever more credit to take advantage of record low borrowing costs as they bet that property prices will rise further, according to the European Central Bank. The data showed a particularly strong increase in home loans in Italy and the...

  • *Rouhani says move is economic turning point for Iran. *Israel says Iran still wants nuclear bomb. WASHINGTON/ ANKARA, Jan 17- Three Iranian-Americans arrived in Germany after leaving Tehran on Sunday in a prisoner swap following the lifting of most international sanctions on Iran under a deal U.S.

  • *Iran and U.S. carry out prisoner swap. *Israel says Iran still wants nuclear bomb. WASHINGTON/ ANKARA, Jan 17- Three Iranian-Americans left Tehran for a U.S. base in Germany on Sunday under a prisoner swap following the lifting of most international sanctions on Iran under a deal that President Barack Obama said had cut off Tehran's path to a nuclear bomb.

  • *Rouhani says move is economic turning point for Iran. *Israel says Iran still wants nuclear bomb. WASHINGTON/ ANKARA, Jan 17- Three Iranian-Americans left Tehran on Sunday under a prisoner swap following the lifting of most international sanctions on Iran under a deal President Barack Obama said had cut off every path for Tehran to obtain a nuclear bomb.

  • Brent crude, the global benchmark, was up 63 cents at $31.49 a barrel at 1151 GMT, but remained near lows last seen nearly 12 years ago. West Texas Intermediate crude was up 69 cents at $31.13 a barrel, recovering from Tuesday's dip below $30. "The API inventory data triggered a profit-taking wave, that's the main reason for this uptick," said Hans van Cleef, senior energy...

  • Brent crude, the global benchmark, was up 87 cents at $31.73 a barrel at 0954 GMT, but remained near lows last seen nearly 12 years ago. West Texas Intermediate crude was up 88 cents at $31.32 a barrel, recovering from Tuesday's dip below $30. "The API inventory data triggered a profit-taking wave, that's the main reason for this uptick," said Hans van Cleef, senior energy...

  • UPDATE 1-Aegon shares surge on buy-back and divended hike Wednesday, 13 Jan 2016 | 3:44 AM ET

    *Targets 200 million euros in cost cutting by 2018. AMSTERDAM, Jan 13- Aegon's shares surged on Wednesday after the Dutch insurer said it would buy back shares and hike its dividend, and confirmed its solvency ratio is near the high end of earlier guidance. Aegon said it had a solvency ratio of around 160 percent at the end of 2015 under Europe's new Solvency II regime,...

  • *EU executive likely to favor China and avoid retaliation. Commissioners from the bloc's 28 members will debate for the first time the politically sensitive issue of granting China "market economy status" from December, which Beijing says is its right 15 years after it joined the World Trade Organisation. A study by a group of 25 European manufacturing...

  • *EU executive likely to favour China and avoid retaliation. Commissioners from the bloc's 28 members will debate for the first time the politically sensitive issue of granting China "market economy status" from December, which Beijing says is its right 15 years after it joined the World Trade Organisation. A study by a group of 25 European manufacturing...