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  • *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, 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...

  • SKorea posts slight miss on Q4 GDP growth Monday, 25 Jan 2016 | 8:14 PM ET

    South Korea's economic growth more than halved as a decline in construction investment hobbled the ongoing recovery, estimates showed on Tuesday.

  • WTI slips below $30 after two-day rally last week. *OPEC's Badri says sees signs that market is rebalancing. NEW YORK, Jan 25- U.S. oil prices recoiled 6 percent on Monday, slipping below the pivotal $30- a-barrel threshold in post-settlement trade, after news that Iraq's output reached a record last month returned attention to a market glut that sent prices to 12-...

  • *OPEC discussing holding extraordinary meeting- Qatar energy min. *OPEC's Badri says sees signs that market is rebalancing. NEW YORK, Jan 25- Oil prices recoiled 6 percent on Monday, again nearing the pivotal $30- a-barrel threshold before the close, after news that Iraq's output reached a record last month returned attention to a market glut that sent prices to 12-...

  • *OPEC discussing holding extraordinary meeting- Qatar energy min. *OPEC's Badri says sees signs that market is rebalancing. NEW YORK, Jan 25- Oil prices fell as much as 5 percent on Monday, wiping out some of the surge at the end of last week, as investors' focus returned to the market's oversupply amid news that Iraq's output reached a record last month.

  • *OPEC discussing holding extraordinary meeting- Qatar energy min. *OPEC's Badri says sees signs that market is rebalancing. NEW YORK, Jan 25- Oil prices resumed their slide on Monday, falling about 4 percent to wipe out some of the surge at the end of last week, on news that Iraq flooded a massively oversupplied oil market with record output last month.

  • 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...

  • LONDON, Jan 25- European stock markets fell on Monday as oil prices reversed earlier gains to tumble 4 percent, while weak business sentiment numbers from Germany highlighted growing concerns about the outlook for the global economy. Still, with oil prices holding above $30 a barrel, world stock markets remained above multi-year lows hit last week.

  • 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...

  • Would you invest in this Asian country? Sunday, 24 Jan 2016 | 7:46 PM ET
    Would you invest in this Asian country?

    Viktor Shvets, head of Asian strategy at Macquarie Securities, says South Korea has several positives.

  • *Taiwan suppliers warn weak orders, lower Q1 revenue. TAIPEI, Jan 22- Some of Apple Inc's main Asian suppliers expect revenues and orders to drop this quarter, indicating iPhone sales are almost certain to post their first annual decline since the flagship product was launched almost a decade ago. The forecasts of lacklustre sales by companies including Taiwan...