DUBAI (Reuters) - The United Arab Emirates is succeeding in strengthening its state finances by restraining spending, and managed last year to reduce the oil price which it needs to balance its budget, ...

World Bank cuts growth forecasts; Indonesia cuts rates unexpectedly, Nikkei slammed; Banks deposit 72.4bn euros overnight at ECB

By Rajesh Kumar Singh and Suvashree Dey Choudhury NEW DELHI/MUMBAI (Reuters) - The finance minister's attempt on Thursday to win back market confidence by pledging new reform measures and talking up the ...

* Weaker ringgit makes palm oil cheaper for overseas buyer * India's refined palm oil imports hit record high in May * USDA soybeans estimate neutral to palm oil -analyst (Updates throughout) By Chew Yee ...

A farmer harvests a wheat field, on August 11, 2012, in Cassel, northern, France. The overall outlook for supplies of basic food commodities to global markets has improved since poor wheat harvest and ...

Centrica has bought a 25pc stake in the Bowland shale exploration licence of fracking firm Cuadrilla to test Britain’s shale gas potential, in a deal worth up to £160m.

MUMBAI (Reuters) - Gold futures edged up on Thursday, hovering near their highest level in more than two months, following weakness in the rupee. * At 3:43 p.m., the actively traded gold for August delivery ...

Gas-centric group Centrica has acquired a share in two shale gas exploration projects based in Lancashire.

Reuters Market Eye - Bank of America Merrill Lynch now expects a 25 basis point cash reserve ratio cut instead of a repo cut on Monday as it feels the RBI will not want to court controversy by cutting ...

Norwegian pipeline gas exports slid on Thursday morning on slightly lower flows to UK, Germany and France, data from gas system operator Gassco showed. Deliveries to Europe including Britain were at 261 ...

Rio Tinto has agreed to sell its US-based Eagle nickel-copper mine for 325m US dollars cash as part of a series of asset sales planned by new Chief Executive Sam Walsh.

Platinum producer Lonmin said on Thursday it had failed to reach a recognition agreement with South Africa's Association of Mineworkers and Construction Union after marathon talks, paving the way for a ...

The market may be too sanguine about the outlook for copper prices, as import demand in top consumer China shows signs of increasing just as an anticipated global supply surplus is looking vulnerable. ...

NEW DELHI, June 13 (Reuters) - India's refined palm oil imports hit a record high in May by jumping 47.5 percent from a month ago, a leading trade body said, pushing total purchases of the tropical oil ...

NEW DELHI (Reuters) - Finance Minister P. Chidambaram said on Thursday that net gold imports have fallen from an average of $135 million in the first half of May to $36 million in the second half of last ...

SINGAPORE (Reuters) - Gold extended gains into a second session on Thursday, as Asian stock markets fell sharply and the U.S dollar fell to four-month lows on persistent uncertainty over the Federal Reserve's ...

KUALA LUMPUR, June 13 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures edged down on Wednesday, ...

Britain's oil industry is getting safer, even taking into account last year's gas leak at the Elgin field, industry body Oil & Gas UK said. The number of reportable hydrocarbon releases fell 48 percent ...

Rio Tinto's Simandou mining project in Guinea will miss a 2015 first production target, Guinea's mines minister said on Wednesday, as the two sides hammer out issues including the financing of its costly ...

The U.S. cash crude grade Thunder Horse traded late on Tuesday, traders and brokers said on Wednesday, as production from BP's Thunder Horse platform in the Gulf of Mexico resumed after last week's restart ...

Mining giant Rio Tinto has agreed to sell its Eagle project to Lundin Mining Corp for $325 million in cash. The sale of the high grade nickel-copper mine and mill is part of the Rio's divestment of non-core ...

Lundin Mining Corp said on Wednesday it had reached a deal to buy a nickel-copper project under construction in Michigan from Rio Tinto for $325 million. The Eagle Mine is expected to start production ...

By Herbert Lash NEW YORK (Reuters) - The dollar and world equity markets retreated on Wednesday as persistent concerns about central banks' support for their economies - and financial markets - weighed ...

The dollar and world equity markets retreated on Wednesday as persistent concerns about central banks' support for their economies - and financial markets - weighed on the near-term prospect for stocks ...

Oil sands mining operations in northern Alberta were unaffected by severe flooding on Wednesday around the nearby city of Fort McMurray, where a state of emergency has been declared. The Hangingstone River ...

June 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2010 GMT on Wednesday: ** British mobile firm Vodafone is pursuing Kabel Deutschland after having an initial ...

Crude oil prices ended modestly higher on Wednesday, but gains were capped by lower oil demand growth estimates and ample supplies. Spot Brent crude oil futures settled 53 cents higher at $103.49 after ...

South Africa's National Union of Mineworkers said on Wednesday it had declared a wage dispute with diamond producer De Beers, a unit of Anglo American , paving the way for possible strike action if mediation ...

BP Plc is preparing to begin production at the upgraded crude distillation unit at its 405,000 barrel-per-day Whiting, Indiana, refinery within seven to 10 days, sources familiar with refinery operations ...

Oil giant Total will start production at new $10-billion deep-water oil fields in Angola by next year, the firm announced.

The United States enjoyed a record surge in oil and gas production last year, boosted by a shale energy revolution, British energy giant BP said on Wednesday.

The ex-wife of a Nigerian oil tycoon won a landmark divorce settlement battle in the UK's Supreme Court on Wednesday in a closely watched case that had raised concerns about the accessibility of corporate ...

Greece announces closure of state broadcaster ERT;Equities give back Tuesday's bounce; Yields rise at Italian Treasury bill auction, cover improves