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  • Europe's financial market turmoil could delay a rise in inflation even further and banks will need to be fixed with forceful action over time, European Central Bank Executive Board member Benoit Coeure told a German newspaper on Saturday. The euro area inflation outlook is already weighed down by sharply lower oil prices …

  • Fuel prices are seen along with the last purchase of the fuel at Sakhir Filling Station during early hours in Sakhir, south of Manama

    Kuwait Petroleum International (KPI) said on Saturday oil prices could reach a range of $50 to $60 a barrel by mid-2017, the official state news agency reported. The agency quoted the company's top executive Bakheet al-Rashidi as saying prices could reach the range of $60 to $80 a barrel in three years' time. "The global …

  • In a rare interview India's former prime minister Manmohan Singh criticised his successor Narendra Modi's government for failing to take advantage of lower commodity prices to propel economic growth and an inconsistent policy towards neighbour Pakistan. Speaking to the India Today, Singh said the Modi government should …

  • An accountant works next to the stacked sacks of garlic at a wholesale vegetable market in Chandigarh

    MUMBAI (Reuters) - India's annual consumer price inflation edged up to a 17-month high of 5.69 percent in January, driven up by higher food costs, government data showed on Friday. Meanwhile, separate ...

  • A man wave American flag from atop a car at the Narrows roadblock, Thursday, Feb. 11, 2016, near Burns, Ore. The last four occupiers of a Malheur National Wildlife Refuge in eastern Oregon surrendered Thursday. The holdouts were the last remnants of a larger group that seized the wildlife refuge nearly six weeks ago, demanding that the government turn over the land to locals and release two ranchers imprisoned for setting fires. (Thomas Boyd/The Oregonian via AP) MAGS OUT; TV OUT; NO LOCAL INTERNET; THE MERCURY OUT; WILLAMETTE WEEK OUT; PAMPLIN MEDIA GROUP OUT; MANDATORY CREDIT

    LAS VEGAS (AP) — Right fight; wrong strategy.

  • Business Highlights Associated Press - 11 hours ago

    ___ Eurozone economy grew a paltry 0.3 percent in Q4 The 19-country eurozone grew by a paltry quarterly rate of 0.3 percent in the final three months of 2015 despite tail winds such as cheap energy, an ...

  • Montana environmental regulators granted conditional approval Friday to a long-stalled silver and copper mine proposed beneath a federal wilderness area, saying the developer must show before mining can ...

  • Oil prices soar on report that UAE offers talks on output cuts

    Emirati Oil Minister Suhail al-Mazrouei says he expects supply levels on world markets to "stabilise"

  • ** Chinese Internet search company Baidu Inc said it had received an offer for its 80.5 percent stake in online video company Qiyi.com Inc from the chief executives of the two firms. ** Britain's Johnston Press Plc said it had agreed to buy "i" newspaper, the cut-price sister paper of The Independent, for 24 million pounds …

  • Grain mostly lower, livestock mostly lower Associated Press - 14 hours ago

    Grain futures were mixed Friday on the Chicago Board of Trade. Wheat for March delivery fell .75 cent to $4.5750 a bushel; March corn was off 1.50 cents at 3.5875 a bushel; March oats were up 4.75 cents ...

  • A pump jack used to help lift crude oil from a well in South Texas? Eagle Ford Shale formation stands idle in Dewitt County Texas

    Global oil prices surged as much as 12 percent on Friday after a report once again suggested OPEC might finally agree to cut production to reduce the world glut, while a bounce in stock markets fed appetite for risk. Despite the strong daily gain, oil prices were poised to end the week down as much as 5 percent. The United …

  • The latest on Montana officials giving only partial approval to a $500 million silver and copper mine proposed near the Idaho border. (all times local): 1:30 p.m. Developers of a $500 million silver and ...

  • US, Canada and Mexico sign clean energy pact

    Canada, Mexico and the United States signed a draft agreement Friday to curb greenhouse gas emissions

  • File photo of an employee arranging gold jewellery in the counter as her arm is reflected in the mirror at a gold shop in Wuhan

    Gold eased on Friday after soaring 4 percent the previous day, but was still set for its best week in four years, lifted by stock market turmoil that has sent investors rushing for safe haven assets. Spot gold (XAU=) was down 1 percent at $1,234.30 an ounce by 1423 GMT, but has still risen more than 5 percent this week, …

  • Asian spot prices for liquefied natural gas (LNG) succumbed to chronically weak demand and downcast oil markets, following a short-lived rally last week, while both India and Kuwait sought cargoes for March shipment. April spot LNG prices are trading lower at $4.90 per mmBtu, anticipating Sakhalin-2's return to normal …

  • Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 30 this week to 541. The Houston company said Friday 439 rigs sought oil and ...

  • Oil prices soar on report that UAE offers talks on output cuts

    Emirati Oil Minister Suhail al-Mazrouei says he expects supply levels on world markets to "stabilise"

  • VW says global sales climb, worsen in US

    Volkswagen, mired in a pollution cheating scandal, says global sales of all its brands rose 3.7% in January compared to the same month last year

  • Renault profit up but headlights on struggling Russian unit

    The Kadjar car assembly line at the Renault and Dongfeng joint venture factory in Wuhan, Hubei province, on February 1, 2016

  • Traders work on the floor of the NYSE

    Now markets have delivered their verdict on inflation - it's not picking up any time soon - economic data due next week will show whether price pressures are rising meaningfully or falling back in some of the world's major economies. A global rout in stock markets, currencies, commodities and bond yields has so far defined …

  • North European Oil Royalty posts 1Q profit Associated Press - 17 hours ago

    On a per-share basis, the Red Bank, New Jersey-based company said it had profit of 16 cents. The oil and gas royalty company posted revenue of $1.8 million in the period. North European Oil Royalty shares ...

  • A fire hydrant is seen next to the logo of Germany's Deutsche Bank in Frankfurt

    Deutsche Bank will buy back more than $5 billion in senior debt, it said in a statement on Friday, sending its shares higher. Deutsche Bank's shares extended gains and traded up more than 10 percent amid a strong rebound in European bank shares following positive results from Commerzbank and a rally in oil prices. Deutsche …

  • Feb 12(Reuters) - Following are Indonesian prices for crude palm oil (CPO) quoted at an auction by PT KPB Nusantara (formerly known as the state marketing centre)on Friday. Buyer Volume Prices Terms Musim ...

  • Grain lower, livestock higher Associated Press - 19 hours ago

    Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for March delivery was 1.25 cents lower at $4.57 a bushel; March corn was .25 cent lower at $3.60 a bushel; March oats ...

  • A global rout in stock markets, currencies, commodities and bond yields has so far defined 2016 as investors have seemingly lost faith in central banks' abilities to boost inflation, with signs the world economy is stalling. Five-year inflation-linked swaps in the euro zone (EUIL5YF5Y=R), for example, suggest annual price …

  • Deutsche Bank (DBKGn.DE) will buy back more than $5 billion in senior debt, it said in a statement on Friday, sending its shares higher. Deutsche Bank's shares extended gains and traded up more than 10 percent amid a strong rebound in European bank shares following positive results from Commerzbank and a rally in oil prices. …

  • Fuel price board is pictured at Lukoil petrol station in West Siberian city of Kogalym

    MOSCOW/LONDON (Reuters) - Oil major LUKOIL (LKOH.MM) has told the Russian government it wants to buy smaller rival Bashneft (BANE.MM) as the state prepares to sell either a controlling or minority stake in the firm to plug a budget deficit, sources told Reuters. The government of President Vladimir Putin has ordered a …

  • Pump jacks are seen at Lukoil company owned Imilorskoye oil field outside West Siberian city of Kogalym

    The Russian central bank lowered its average oil price forecast for this year to $35 per barrel from earlier $50 per barrel, the bank's first deputy governor, Dmitry Tulin, said on Friday. This means that the price the central bank considered only in its "risk scenario" in December is now becoming the base case scenario …

  • A broker monitors a screen displaying live stock quotes on the floor of a trading firm in Mumbai

    REUTERS - India's stock markets inched higher on Friday but posted their biggest weekly falls since July 2009 as disappointing corporate earnings and weak global markets hit sentiment. The broader Nifty ...

  • Inflated euro sign is seen outside the new headquarters of the European Central Bank (ECB) in Frankfurt

    BRUSSELS/FRANKFURT (Reuters) - The euro zone economy notched up modest growth in the final three months of last year, showing the bloc has little muscle to shrug off the globe's mounting economic problems. After a week where stock markets around the world plunged, the 19 countries using the euro failed to lift the gloom …

  • A Rolls-Royce logo is seen at the company aerospace engineering and development site in Bristol in Britain

    Britain's Rolls-Royce halved its final dividend to shore up its finances on Friday, the first cut for 24 years, but after three profit warnings last year a more confident tone boosted its shares. Chief Executive Warren East had said in November that further profit warnings could not be ruled out but he stuck to previous …

  • Rolls-Royce cuts dividend for first time in 25 years

    British engine maker Rolls-Royce which makes engine systems for aircraft and sea vessels, announced in its annual results statement that it has reduced its full-year dividend to 16.37 pence in 2015, from ...

  • * Palm hits highest since April 2014 * Palm oil expected to climb to 2,672 ringgit -technicals (Updates prices) By Emily Chow KUALA LUMPUR, Feb 12 (Reuters) - Malaysian palm oil futures extended gains ...

  • Renault net profit up but Russian unit a drag AFP - Fri, Feb 12, 2016 10:37 GMT
    Renault profit up but headlights on struggling Russian unit

    The Kadjar car assembly line at the Renault and Dongfeng joint venture factory in Wuhan, Hubei province, on February 1, 2016

  • German economy notches up 'solid' growth at end of 2015

    The federal statistics office Destatis said that Germany's gross domestic product (GDP) expanded by 0.3 percent in the period from October to December, the same rate of growth as in the preceding three ...

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