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  • Feb 14- Total insured property losses from storm Ciara, which was named Sabine in Germany, could be between 1.1 billion and 1.8 billion euros, catastrophe risk modelling firm RMS estimated on Friday. In the Netherlands https://in.reuters.com/article/netherlands-weather-ciara/storm-ciara-disrupts-mo r e- t h a n- 2 0 0- f l i g h t s- a t- a m s t e r d a m s- s c h i p h o l- i d I N K...

  • HAVANA, Feb 10- Cuba failed to meet payments last year on its restructured debt to wealthy nations, putting a deal with the Paris Club of creditors in jeopardy, according to diplomats with direct knowledge of the issue. The agreement is extremely beneficial for Cuba and that they could not pay speaks volumes about how broke they are, said one diplomat with...

  • BAKU, Feb 9- Azerbaijan is likely to support further oil output cuts by OPEC and its allies, the ex-Soviet country's energy minister said, should the move be necessary to balance demand fears after a coronavirus outbreak in China. Azerbaijan is not an OPEC member but is part of the OPEC+ group informally established in 2016.. Although Azerbaijan is not a big...

  • BAKU, Feb 9- Azerbaijan is likely to support further oil output cuts by OPEC and its allies, the ex-Soviet country's energy minister said, should the move be necessary to balance demand fears after a coronavirus outbreak in China. Azerbaijan is not an OPEC member but is part of the OPEC+ group informally established in 2016.. Although Azerbaijan is not a big...

  • NEW YORK, Feb 7- Oil prices fell 1% on Friday as Russia said it needed more time before committing to output cuts sought by other large producers while the coronavirus outbreak fanned worries about global crude demand. Brent crude futures lost 46 cents, or 0.8%, to settle at $54.47 a barrel. This week, a panel advising OPEC+, the Organization of the Petroleum Exporting...

  • *Russia says it needs time to decide on oil output cuts. NEW YORK, Feb 7- Oil prices edged lower on Friday as Russia said it needed more time before committing to output cuts sought by other large producers as the coronavirus outbreak fans worries about global crude demand. This week, a panel advising OPEC+, the Organization of the Petroleum Exporting Countries and...

  • BRUSSELS, Feb 7- European Union leaders and institutions went into a frenzy of meetings this week to start the toughest job the bloc faces this year: agreeing on a seven-year budget that for many is the most tangible sign of what a united Europe will look like after Brexit. In a marathon of preparations for a special summit on the budget on Feb 20, the chairman of EU...

  • *Russia says it needs time to decide on oil output cuts. NEW YORK, Feb 7- Oil prices were little changed on Friday as Russia said it would need more time before committing to output cuts sought by other large producers as the coronavirus outbreak fans worries about global crude demand. A panel advising the Organization of the Petroleum Exporting Countries and...

  • BRUSSELS, Feb 7- European Union leaders and institutions went into a frenzy of meetings this week to start the toughest job the bloc faces this year: agreeing on a seven-year budget that for many is the most tangible sign of what a united Europe will look like after Brexit. In a marathon of preparations for a special summit on the budget on Feb 20, the chairman of EU...

  • MINERALNYE VODY/ MOSCOW, Russia, Feb 7- Russia said on Friday it needed more time to decide whether to join any additional oil output cuts by OPEC, saying U.S. crude production growth would slow and global demand remained solid. Energy Minister Alexander Novak was speaking as the Organization of the Petroleum Exporting Countries pushes Moscow to make a decision...

  • MINERALNYE VODY, Russia, Feb 7- Russia said on Friday it needed more time to decide whether to join any additional oil output cut by OPEC, saying U.S. crude production growth would slow and global demand remained solid. A technical panel that advises OPEC and its allies led by Russia, a grouping known as OPEC+, proposed on Thursday a provisional cut of 600,000 bpd, three...

  • A technical committee advising the Organization of the Petroleum Exporting Countries and its allies led by Russia, known as OPEC+, may reach consensus on Thursday on the need to further cut oil output by at least 500,000 barrels per day, two sources told Reuters. Brent futures rose by 43 cents to $55.71 a barrel by 0942 GMT, having risen 2.4% in the previous session.

  • LONDON, Feb 5- Oil prices jumped by more than 3% on Wednesday after reports that scientists have found an effective drug against China's fast-spreading coronavirus, which has hit the world's second-largest economy in recent weeks. Brent crude oil futures were up $1.76, or 3.2%, at $55.72 a barrel by 0919 GMT. China's Changjiang daily reported on Tuesday that a...

  • NEW YORK, Feb 4- Oil prices sank about 1% on Tuesday as fears that energy demand would take a long-term hit from the growing coronavirus outbreak outweighed hopes for more production cuts from OPEC and its allies. "I think the fear of demand destruction continues to really have the market by its throat," said Gene McGillian, vice president of market research at...

  • NEW YORK, Feb 4- Oil prices edged lower on Tuesday as fears that energy demand would take a long-term hit from the coronavirus outbreak offset prospects for more cuts in crude production from OPEC and its allies. Brent crude slid 4 cents to $54.41 a barrel by 1:40 p.m. EST while U.S. "I think the market is still concerned that it doesn't know the full demand...

  • BAGHDAD, Feb 4- Iraq, OPEC's second-biggest oil producer, is closely monitoring the impact of China's new coronavirus on global oil demand, particularly in Asia, Iraq Oil Ministry spokesman Asim Jihad told Reuters on Tuesday. Iraq supports any agreement that would stabilise the oil market and will work with OPEC and its allies, a group known as OPEC+, to bring back...

  • *Raw materials for another 2 weeks at Chongqing site. VIENNA, Feb 4- Printed circuit boards maker AT&S cut its forecast for the year to March 31 citing the coronavirus and posted a nearly 30% fall in nine-month core profit, sending its shares down 14% on Tuesday. It cut its 2019/ 20 revenue forecast by around 7% to 960 million euros, saying production in China was...

  • VIENNA, Feb 4- Printed circuit boards maker AT&S on Tuesday reported a 29% drop in nine-month core profit, blaming investments in research and development and a tough market environment, but added that it was upbeat about its prospects in the medium term. The Austrian group cut its revenue and margin forecast for the business year that ends in March on Monday,...

  • *Death toll from virus rises to 213, all in China. NEW YORK, Jan 31- The safe-haven yen and Swiss franc jumped to multiweek highs on Friday as worries about the global economic impact of the latest coronavirus outbreak in China intensified. All three major U.S. airlines-- United Airlines Holdings Inc, Delta Air Lines Inc, and American Airlines Group Inc-- announced the...

  • *Death toll from virus rises to 213, all in China. NEW YORK, Jan 31- The safe-haven yen and Swiss franc gained on Friday as fears escalated about the global economic impact of the latest coronavirus outbreak in China last week. The World Health Organization said late on Thursday that the coronavirus outbreak was a global emergency, but opposed travel restrictions...