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  • VIENNA, May 25- The most important issue for OPEC is to stabilise the oil market and prompt a draw on global inventories, Venezuela's oil minister Nelson Martinez said on Thursday. The Organization of the Petroleum Exporting Countries is meeting in Vienna to discuss whether to extend an accord reached in December in which it and 11 non-members agreed to cut oil...

  • VIENNA, May 25- The most important issue for OPEC is to stabilize the oil market and prompt a draw on global inventories, Venezuela's oil minister Nelson Martinez said on Thursday. The Organization of the Petroleum Exporting Countries is meeting in Vienna to discuss whether to extend an accord reached in December in which it and 11 non-members agreed to cut oil...

  • WUZHEN, China— A computer beat China's top player of go, one of the last games machines have yet to master, for a second time Thursday in a competition authorities limited the Chinese public's ability to see. State media reports on the games have been brief, possibly reflecting Beijing's antipathy toward Google, which closed its China- based search engine in 2010...

  • LONDON, May 24- Britain's pound inched back towards $1.30 but struggled to fend off the euro's latest advances on Thursday, ahead of business investment data and an updated reading of the economy's first-quarter performance. The business investment numbers are forecast to see a modest 0.2 percent bounce, meanwhile, and will feed discussions on whether the...

  • SHANGHAI, May 25- Hong Kong shares followed Asian markets higher on Thursday, even after Moody's downgraded Hong Kong's local and foreign currency issuer ratings shortly after cutting China's ratings on Wednesday. Hong Kong stocks were also aided by the strength in the mainland market, as the blue-chip CSI300 index posted its best day in 21 months amid growing...

  • LONDON, May 25- The dollar was on the defensive on Thursday, with investors low on incentives to buy the greenback after the Federal Reserve dialled down some expectations that it would hike interest rates soon, while the euro began to climb back towards a 6-1/ 2- month high. The minutes were seen to indicate heightened Fed caution towards interest rate hikes and...

  • VIENNA— OPEC and other oil nations meeting Thursday appeared set to extend their production cuts in an effort to shore up prices. Non- OPEC countries led by Russia chipped in with a further 600,000- barrel reduction. With the deal due to expire at the end of June, OPEC oil ministers spoke of consensus to prolong it up to nine months even before they sat down to make a...

  • *Deeper OPEC, non- OPEC cuts seen unlikely. *OPEC to meet after 0820 GMT, non- OPEC to join after 1320 GMT. OPEC's de facto leader, Saudi Arabia, and top non- OPEC producer Russia have said cuts need to be extended to speed up market rebalancing and prevent oil prices from sliding back below $50 per barrel.

  • WASHINGTON— President Donald Trump's proposal to sell nearly half the U.S. emergency oil stockpile is sparking renewed debate about whether the Strategic Petroleum Reserve is still needed amid an ongoing oil production boom that has seen U.S. imports drop sharply in the past decade. The petroleum reserve, created in the wake of the 1970 s Arab oil embargo,...

  • *UK, other regulators likely to use code in legal oversight. LONDON, May 25- Regulators and leading financial firms launched a new code of conduct for global currency trading on Thursday, including measures aimed at ensuring its universal adoption by the world's major financial institutions. The code is a central element of the foreign exchange industry's...

  • LONDON, May 25- Borrowing costs across the euro area fell on Thursday on further signs that major central banks are wary of stepping back from ultra-loose monetary policies too quickly. Bank of Japan board member Makoto Sakurai meanwhile on Thursday ruled out the chance of an imminent hike in the central bank's bond yield target, stressing the need to maintain...

  • *OPEC, other producers meet on Thursday to discuss output cut. *Rising U.S. output threatens to undermine OPEC- led cuts. LONDON, May 25- Oil prices rose on Thursday ahead of an OPEC meeting expected to extend production cuts into 2018 in an attempt to drain a global glut that has depressed markets for almost three years.

  • DHAKA, May 25- Bangladesh will speed up plans to import rice that it brought in to build reserves and rein in local prices after flash floods hit domestic output, government officials said on Thursday. Ramped up demand from Bangladesh, the world's fourth-biggest rice producer, could underpin prices in major exporters Vietnam, Thailand and India.

  • DHAKA, May 25- Bangladesh will speed up plans to import rice that it brought in to build reserves and rein in local prices after flash floods hit domestic output, government officials said on Thursday. Ramped up demand from Bangladesh, the world's fourth-biggest rice producer, could underpin prices in major exporters Vietnam, Thailand and India.

  • DHAKA, May 25- Bangladesh will speed up plans to import rice that it brought in to build reserves and rein in local prices after flash floods hit domestic output, government officials said on Thursday. Ramped up demand from Bangladesh, the world's fourth-biggest rice producer, could underpin prices in major exporters Vietnam, Thailand and India.

  • DHAKA, May 25- Bangladesh will speed up plans to import rice that it brought in to build reserves and rein in local prices after flash floods hit domestic output, government officials said on Thursday. Ramped up demand from Bangladesh, the world's fourth-biggest rice producer, could underpin prices in major exporters Vietnam, Thailand and India.

  • LONDON, May 25- European shares clung on to gains in early deals on Thursday helped by firmer banking shares and as corporate deals activity, after French aero firms Safran and Zodiac finally striking a deal, continued apace. The pan-European STOXX 600 index rose 0.1 percent, on track for a third straight day of gains, helped by a rise among banks.

  • *Deeper OPEC, non- OPEC cuts seen unlikely. *OPEC, non- OPEC to send message their cooperation will last. OPEC's de facto leader, Saudi Arabia, and top non- OPEC producer Russia have said cuts need to be extended to speed up market rebalancing and prevent oil prices from sliding back below $50 per barrel.

  • *Deeper OPEC, non- OPEC cuts seen unlikely. *OPEC, non- OPEC to send message their cooperation will last. OPEC's de facto leader, Saudi Arabia, and top non- OPEC producer Russia have said cuts need to be extended to speed up market rebalancing and prevent oil prices from sliding back below $50 per barrel.

  • *Deeper OPEC, non- OPEC cuts seen unlikely. *OPEC, non- OPEC to send message their cooperation will last. OPEC's de facto leader, Saudi Arabia, and top non- OPEC producer Russia have said cuts need to be extended to speed up market rebalancing and prevent oil prices from sliding back below $50 per barrel.