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  • *France, Germany hope other euro zone countries will follow. PARIS, Jan 18- France and Germany want to reach a joint position on euro zone reform, including tax convergence, capital markets and the banking union, between March and June this year, French Finance Minister Bruno Le Maire said on Thursday. "We have... an immediate priority which is the completion of the...

  • Wall Street dips as energy lags. NEW YORK, Jan 18- World equity markets dipped on Thursday, pausing after a string of record highs, while a decline in oil prices dragged on energy shares and the U.S. stock market. Shares on Wall Street took a breather, after the best performance of the year for the Dow and benchmark S&P 500 saw the indexes close above the 26,000 mark and...

  • *OPEC forecasts higher output from U.S., other non- OPEC. NEW YORK, Jan 18- Oil rebounded after slipping below $69 a barrel on Thursday, supported by a record drawdown of U.S. crude stockpiles at the Cushing, Oklahoma delivery hub, despite concerns that OPEC- led output cuts will increase supply from the United States. Crude is just below its highest price since December...

  • WASHINGTON, Jan 18- U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, likely as unseasonably cold weather at the end of the month disrupted the construction of single-family housing units. "Housing starts were held down by the cold winter weather but should bounce back quickly in coming months as the country...

  • WEEKLY DISTILLATE DEMAND HITS HIGHEST LEVEL SINCE FEB 2008- EIA.

  • EAST COAST REFINERY UTILIZATION RATE FALLS TO LOWEST SINCE APRIL- EIA.

  • FRANKFURT, Jan 18- Evonik has become the latest German chemical maker seeking to convert excess renewable power into chemical building blocks that would normally require oil, harnessing erratic flows of wind and solar power in the country. Germany's chemical industry lobby VCI said in a September report that so-called power-to-X technology- converting...

  • Jan 18- Peugeot SA is "very open" to a potential alliance in Latin America, the chief executive of the French automaker, Carlos Tavares, said during a media briefing on Thursday. Tavares declined to say whether Peugeot planned to discuss a partnership with Ford Motor Co.. His remarks come two days after Ford executives told analysts that the company was exploring...

  • CRUDE STOCKS AT CUSHING HUB DROP BY MOST ON RECORD GOING BACK TO AT LEAST 2004- EIA.

  • NEW YORK, Jan 18- The U.S. dollar fell on Thursday as traders piled into the euro, yen, sterling and other major currencies amid concerns over a possible U.S. government shutdown as lawmakers struggled to cobble together a federal budget deal. "Politics are sabotaging economics," said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New...

  • Neither Schneider nor cyber experts have identified the victim. While Schneider previously confirmed the attack had occurred, it initially told customers in an alert that it believed the hack did not exploit a bug in the Triconex system. Schneider security officials were scheduled to discuss the attack during a Thursday morning presentation at the S4 cyber...

  • U.S. GULF COAST GASOLINE STOCKS AT HIGHEST SINCE JAN 2017.

  • U.S. CRUDE STOCKS EXCLUDING SPR AT LOWEST LEVEL SINCE FEB 2015.

  • PARIS, Jan 18- France and Germany will make joint proposals to regulate the bitcoin cryptocurrency at the next summit of the G20 group of major economies in Argentina in March, French Finance Minister Bruno Le Maire said on Thursday. "We will have a joint Franco-German analysis of the risks linked to bitcoin, regulation proposals and these will be submitted as a...

  • In a letter to the Federal Reserve, which directly funds the Consumer Financial Protection Bureau, Mick Mulvaney said the bureau does not need any new funds to operate during its second quarter. He said he intends to spend that down by roughly $145 million. The $145 million budget estimate is roughly equal to what Richard Cordray, who was appointed by Obama as the...

  • Jan 18- TransCanada Corp said it received enough interest from clients for its $8 billion Keystone XL oil pipeline, bringing it closer to a final decision on when it will start work on the project. Having route approval in Nebraska and the necessary commercial support for KXL brings us closer to a final investment decision, "TransCanada spokesman Terry Cunha...

  • SAN FRANCISCO, Jan 18- Messaging application WhatsApp said on Thursday that it would begin allowing business accounts for the first time, a step that brings the free service closer to a plan that would make money for its corporate parent, Facebook Inc.. The accounts are aimed at businesses that receive a high volume of WhatsApp messages and need help keeping up,...

  • WASHINGTON, Jan 18- The acting head of the U.S. Consumer Financial Protection Bureau is requesting no new operating funds, opting instead to finance a slimmed-down budget by shrinking a reserve fund established by his predecessor at the agency that has been fiercely criticized by the financial industry. Mick Mulvaney, interim chief of the agency named by...

  • FORT WORTH, Texas— American Airlines will begin operating hourly shuttle flights between Chicago and New York this spring. American said Thursday that it will run 15 shuttle flights each weekday between Chicago's O'Hare Airport and LaGuardia Airport. American runs similar shuttle service between New York and Boston, New York and Washington, and Washington...

  • BRUSSELS— A senior EU official says Greece is within reach of ending its Herculean bailout program which saved it from the brink of bankruptcy. The official said Thursday that eurozone finance ministers meeting next week had "a great willingness to say that, basically, nearly everything had been done" to complete its latest bailout review, further paving the way...