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UPDATE 3-Saudi pledges 'measurable' oil supply boost as OPEC, Russia agree deal

*OPEC deal with non- OPEC gives no specific targets. VIENNA, June 23- OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a "measurable" supply boost but giving no specific numbers. On Saturday, non- OPEC oil producers agreed to participate in the pact but a communique issued after their talks with...

Source: Reuters

CORRECTED-UPDATE 2-Saudi pledges 'measurable' oil supply boost as OPEC, Russia agree deal

*OPEC deal with non- OPEC gives no specific targets. VIENNA, June 23- OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a "measurable" supply boost but giving no specific numbers. On Saturday, non- OPEC oil producers agreed to participate in the pact but a communique issued after their talks with...

Source: Reuters

UPDATE 2-Saudi pledges 'measurable' oil supply boost as OPEC, Russia agree deal

*OPEC deal with non- OPEC gives no specific targets. VIENNA, June 23- OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a "measurable" supply boost but giving no specific numbers. On Saturday, non- OPEC oil producers agreed to participate in the pact but a communique issued after their talks with...

Source: Reuters

OPEC and allies agree to share oil production increase

VIENNA— OPEC nations and oil-producing countries not in the cartel said Saturday they have agreed to share increased oil production a day after OPEC announced it would pump more crude oil— a move that should help contain the recent rise in global energy prices. Russia and other oil-producing allies said after their meeting in Vienna with OPEC countries they...

Source: The Associated Press

UPDATE 1-OPEC meets Russia, other allies to agree oil output boost

*No figures expected on Saturday- OPEC sources. VIENNA, June 23- OPEC is meeting Russia and other oil-producing allies on Saturday to clinch a new deal raising output, a day after agreeing a production hike within the group itself but confusing the market as to how much more oil it will pump. Non- OPEC oil producers are now holding talks with OPEC in an effort to secure...

Source: Reuters

OPEC meets Russia and allies to agree oil output boost

*Trump says hopes OPEC will increase "substantially". VIENNA, June 23- OPEC meets Russia and other allies on Saturday to clinch a new deal raising oil output, a day after agreeing a production hike within the group itself but confusing the market as to how much more oil it will pump. Russia and other non- OPEC oil producers will now meet OPEC in a bid to secure their...

Source: Reuters

Xiaomi seeks to raise up to $6.1 billion in Hong Kong IPO

SEOUL, South Korea— Xiaomi Corp. plans to raise up to $6.1 billion in one of the biggest global stock market debuts as it tries to become a worldwide brand alongside Apple and Samsung with a business model that combines Google and Amazon. The initial public offering in Hong Kong would value the Beijing- based company at as much as $70.3 billion, according to details...

Source: The Associated Press

From boat makers to farmers, US-led tariff war inflicts pain

WASHINGTON— A Florida boat builder absorbs $4 million in lost business and expects more pain. A brawl that the United States provoked with its closest trading partners is starting to draw blood. China, India and Turkey had earlier begun penalizing American products in response to the U.S. tariffs on metals.

Source: The Associated Press

U.S. District Court rules in favor of Lilly's Alimta patent

June 22- Eli Lilly and Co said on Friday a U.S. District Court ruled in favor of its patent on Alimta vitamin regimen and prevented Hospira Inc and India's Dr. The patent for Lilly's top-selling cancer drug will expire in May 2022. "Lilly's extensive research to discover the Alimta vitamin regimen patent deserves intellectual property protection," Lilly's senior...

Source: Reuters

SOFTS-Raw sugar climbs, spot London cocoa premium surges

NEW YORK/ LONDON, June 22- Raw sugar futures rose on Friday, boosted by signs of weaker monsoon rains in No. 2 grower India and spillover support from larger commodities, while the spot London cocoa contract's premium over September vaulted. *October raw sugar settled up 0.2 cent, or 1.6 percent, at 12.41 cents per lb. *Prices rose in part due to the crucial monsoon period...

Source: Reuters