UPDATE 10-Oil hits month-high; eyes on less output, Saudi-Russia talks *Russia, Saudi to keep consulting on oil market- minister. *OPEC, non- OPEC should work jointly against oversupply- Badri. NEW YORK, Oct 6- Crude prices hit one-month highs on Tuesday after a new U.S. forecast showed tighter oil supplies next year, while and Russia, Saudi Arabia and other big producers hinted at further talks to support the market.
| By: Barani Krishnan
More charges possible in U.N. corruption case -U.S. Attorney NEW YORK, Oct 6- More people could face criminal charges as part of a corruption probe that has already led to the arrest of a former president of the United Nations General Assembly, Manhattan U.S. Attorney Preet Bharara said on Tuesday. John Ashe, the U.N. ambassador from Antigua and Barbuda who was president in 2013, was accused on Tuesday of taking more than $1.3...
The Fed's fourth-quarter battle The Fed held off on a rate hike in September, says trader Brian Kelly. Now a bigger battle is about to take place.
| By: Brian Kelly
GLOBAL MARKETS-Crude jumps on U.S. output forecast; stocks mixed NEW YORK, Oct 6- Crude prices jumped more than 4 percent on Tuesday after the United States cut output forecasts, while global equity markets mostly rose on expectations the Federal Reserve will not raise interest rates this year. Helping crude was news that Russia and Saudi Arabia had met last week and discussed the oil market, and planned to continue exchanging...
| By: Herbert Lash
The Latest: Prosecutor: Charges show UN hit by corruption Attorney Preet Bharara in New York said Tuesday that John Ashe sold himself and the global institution he led while he served in the largely ceremonial post for a year in 2013 and 2014. He also was an ambassador from Antigua and Barbuda at the time. The prosecutor says the charges show that the "cancer of corruption that plagues too many local and state...
Source: The Associated Press
| By: By The Associated Press
PREVIEW-Prices, Petrobras woes, rules may undermine Brazil oil auction *Brazil offering 226 exploration areas on Wednesday. Brazil content, concession rules criticized by industry. RIO DE JANEIRO, Oct 6- Low oil prices and a massive corruption scandal are expected to dampen interest on Wednesday in Brazil's first auction of oil and natural gas exploration and production rights in nearly two years.
TREASURIES-Bond prices flat on growth worries before 3-year sale *Treasury to hold $24 billion 3- year note auction. The market awaited an auction of $24 billion in three-year notes, the first part of this week's $58 billion in coupon debt supply. "The auctions should be the biggest factor for the week, which should be negative for Treasuries, but the market seems to turn up whenever stocks go down," said Karl Haeling, vice president...
| By: Tariro Mzezewa
Portuguese reforms could run aground as voters boost hard left LISBON, Oct 6- Reforms may be the biggest casualty of Portugal's general election, which has weakened the centre-right government and fortified the hard left. The ruling coalition of Prime Minister Pedro Passos Coelho won the biggest share of votes on Sunday, making him the first leader in Europe to be re-elected after imposing austerity policies to steer his...
| By: Axel Bugge