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  • UPDATE 6-Oil gains on production cut prospects Friday, 29 Jan 2016 | 5:45 AM ET

    *Iran oil exports set to rise over 20 pct in Jan, Feb. U.S. crude climbed 26 cents to $33.48 a barrel, having settled up 92 cents, or 2.9 percent, at $33.22 on Thursday. Russia's Deputy Prime Minister Arkady Dvorkovich said on Friday Russian output could decline as a result of lower investment, but the state would not intervene to balance the market.

  • SEOUL, South Korea— A court said Friday that exposure to carcinogens at a Samsung chip factory caused a worker's ovarian cancer in the first ruling in South Korea to link the disease with chemicals that chip workers were exposed to. The Seoul Administrative Court said it saw a "significant causal relationship" between the disease and even a low level of toxic...

  • SEOUL, South Korea— Tokyo stocks finished nearly 3 percent higher on Friday while the yen dived after after the country's central bank introduced a negative rate interest policy to boost the economy after previous stimulus efforts produced indifferent results. Other Asian markets were higher after China's top economy official said there is no basis for the...

  • *Thailand's Central Group seen as frontrunner. SINGAPORE/ HONG KONG, Jan 29- French retail group Casino's sale of its Thai and Vietnam units has drawn the eye of Singapore's Dairy Farm International Holdings and South Korea's Lotte Shopping but they'll need punchy bids to go up against deep-pocketed Thai tycoons, bankers said. Central Group, Thailand's biggest...

  • NEW YORK, Jan 28- Crude oil prices rose on Thursday to their highest in three weeks on hopes for a pact among oil producers to cut output, while the dollar slipped on bets that interest rate hikes by the Federal Reserve would be more gradual than it has suggested. The rebound in the oil market lifted share prices on Wall Street and other stock markets in another...

  • Crude had jumped as much as 8 percent after Russian Energy Minister Alexander Novak said Saudi Arabia had proposed that oil-producing countries cut production by up to 5 percent, which for non- OPEC member Russia- the world's top producer- would represent around 500,000 barrels per day. Prices, however, pared most gains amid growing doubts over the deal to cut...

  • NEW YORK, Jan 28- Oil prices were about 3 percent higher on Thursday after the Russian energy minister said Saudi Arabia had proposed that oil-producing countries trim output, which would be the first global deal in over a decade to help clear a glut that has depressed prices for over a year and a half. Crude had jumped as much as 8 percent after Russian Energy...

  • NEW YORK, Jan 28- Crude oil prices rose on Thursday to their highest in three weeks on hopes for a pact among oil producers to cut output, while the dollar slipped on bets that interest rate hikes by the Federal Reserve would be more gradual than it has suggested. Wall Street indexes were mostly little changed after advancing earlier on a boost from the energy sector,...

  • NEW YORK, Jan 28- Oil soared on Thursday after a Russian official said Saudi Arabia had proposed that oil-producing countries cut output by up to 5 percent each amid a massive supply glut in the world market that has depressed prices for a year and a half. The reduction would amount to about 500,000 barrels a day of cuts by Russia, a major non- OPEC producer.

  • *Cuts at Cushing seen as supportive. LONDON, Jan 28- Oil surged as much as 8 percent to above $35 per barrel on Thursday, hitting a three-week high and bouncing sharply away from a 12- year low set this month, as expectations built that major producers may cooperate to cut output. Gains have gathered pace this week on speculation that Russia and OPEC may agree to reduce...

  • LONDON, Jan 28- Oil rose towards $34 per barrel on Thursday, hitting a three-week high and bouncing well off a 12- year low set this month, supported by the possibility that major producers may cooperate to cut production. Russian officials have decided they should talk to Saudi Arabia and other OPEC countries about output curbs to bolster oil prices, the head of...

  • LONDON, Jan 28- Uncertainty over the future path U.S. interest rates weighed on European stocks on Thursday, while the resignation of Japan's economy minister impacted currency markets, sending the yen higher. Japanese Economy Minister Akira Amari said he would step down from his post to deal with allegations, which he denies, that he received bribes from a...

  • LONDON, Jan 28- Oil steadied above $33 per barrel on Thursday, well off a 12- year low set earlier in the month, supported by the possibility that major producers may cooperate to cut production. Russian officials have decided they should talk to Saudi Arabia and other OPEC countries about output curbs to bolster oil prices, the head of Russia's pipeline monopoly...

  • Samsung warns of weakening profit as gadget sales slide Wednesday, 27 Jan 2016 | 7:44 PM ET

    Samsung Electronics said its Q4 profit rose 16.2% on-year but said maintaining earnings at the same level in 2016 would be difficult.

  • SEOUL, Jan 28- Tech giant Samsung Electronics Co Ltd on Thursday warned of possible weaker earnings this year compared with 2015 due to softer sales of gadgets such as smartphones, a trend that is also hurting rival Apple Inc and major chipmakers. Samsung said its October-December operating profit was 6.1 trillion won, compared with 6.1 trillion won it guided...

  • *Russian govt, producers discuss possible coordination with OPEC. NEW YORK, Jan 27- Oil futures surged on Wednesday, after Russia said it was discussing the possibility of co-operation with OPEC, fanning hopes that a deal was in the works to reduce oversupply that sent prices the lowest levels in a dozen years last week. Top non- OPEC producer, Russia has in the past...

  • NEW YORK, Jan 27- Oil futures surged 5 percent on Wednesday, after Russia said co-operation with major oil producers was discussed and U.S. data showed a surprise spike in demand for products such as heating oil last week, when a massive blizzard hit the country. Russia's energy ministry said possible coordination between Russia and the Organization of the...

  • LONDON, Jan 27- Oil futures rallied back above $32 a barrel on Wednesday, after U.S. data showed a jump in weekly demand for products such as heating oil when a cold front hit the country, although analysts said the rise in prices may not last long. "The draw in distillate stocks is bullish, but we know there was cold weather in the United States in the last week, so I would...

  • LONDON, Jan 27- Oil futures pared losses on Wednesday, echoing a modest stock market recovery, but analysts said a surprise ballooning in U.S. inventories and little chance of the world's major producers agreeing to cut output would likely temper any rallies. Senior OPEC and Russian officials on Tuesday stepped up vague talk of possible joint action to...

  • 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...