World Economy Economic Organizations

  • June 9- Japan said it may ask the World Trade Organization to help resolve a dispute related to India's "safeguard" tariffs on the import of hot-rolled steel. Japan will make repeated requests to the Indian authorities to ensure the consistency of their measures with the WTO agreements, the Japanese Ministry of Economy, Trade and Industry said in its annual...

  • *World Bank cuts economic growth forecasts. Mixed Chinese economic data, along with a decision by the World Bank to slash its 2016 global economic growth forecast, also gave some traders a reason to take a negative view on the outlook for stock markets. "The Chinese export figures looked a bit disappointing, and the World Bank's cut to its forecasts is another...

  • *World Bank cuts economic growth forecasts. Mixed Chinese economic data, along with a decision by the World Bank to slash its 2016 global economic growth forecast, also gave some traders a reason to take a negative view on the outlook for stock markets. "The Chinese export figures looked a bit disappointing, and the World Bank's cut to its forecasts is another...

  • Commodity-importing emerging market countries are faring better, but the benefits of lower energy and other goods have been slow to materialize, the World Bank said. "As advanced economies struggle to gain traction, most economies in South and East Asia are growing solidly, as are commodity-importing emerging economies around the world," said World Bank Chief...

  • BEIJING, June 7- China and the United States agreed to push forward reforms at the International Monetary Fund to increase quotas for emerging economies, China's vice premier Wang Yang said on Tuesday. The United States also will fully consider the impact that normalising monetary policy will have on international markets, he added, at the end of high-level...

  • MUMBAI, June 7- India's central bank is widely expected to keep its policy interest rate unchanged at a five-year low of 6.50 percent on Tuesday, while signalling the prospect of another cut later this year if monsoon rains dampen upward pressure on food prices. Reserve Bank of India Governor Raghuram Rajan, a much admired former International Monetary Fund...

  • TOKYO- IMF Deputy Managing Director Mitsuhiro Furusawa, Japan's vice finance minister for international affairs Masatsugu Asakawa and Asian Development Bank Institute Dean Naoyuki Yoshino will speak at a forum on fiscal policy for long-term growth held in Tokyo- 0100 GMT. BRASILIA- Central Bank of Brazil holds Monetary Policy Committee meeting.

  • MUMBAI, June 7- India's central bank is widely expected to keep its policy interest rate unchanged at a five-year low of 6.50 percent on Tuesday, while signaling the prospect of another cut later this year if monsoon rains dampen upward pressure on food prices. Reserve Bank of India Governor Raghuram Rajan, a much admired former International Monetary Fund...

  • Federal Reserve may delay an interest rate rise at its June meeting due to concern about the economic fallout of Britain's impending vote on whether to leave the European Union. Fed Board Governor Daniel Tarullo on Thursday joined a chorus of those expressing concern about the British vote, telling Bloomberg that Brexit would be a "factor" he would consider at...

  • *OPEC meeting in Vienna does not agree output targets. NEW YORK, June 3- Oil prices tumbled more than 1 percent on Friday, extending losses after weekly industry data showed U.S. drillers added rigs for only the second time this year. "The increase in the rig count as prices near the $50/ bbl range is clearly indicative of the elasticity of U.S. production and speaks to...

  • *OPEC meeting in Vienna does not agree output targets. NEW YORK, June 3- Oil prices tumbled more than 1 percent on Friday, extending losses after weekly data showed U.S. drillers added rigs for only the second time this year. "The increase in the rig count as prices near the $50/ bbl range is clearly indicative of the elasticity of U.S. production and speaks to the...

  • *OPEC meeting in Vienna does not agree output targets. NEW YORK, June 3- Oil prices dipped on Friday on concerns about the U.S. economy, but Brent crude held close to $50 a barrel in choppy trading with support from a weaker dollar and relief that most OPEC members do not plan to flood the market with excess crude. Brent crude futures dipped 8 cents to $49.96 per barrel by...

  • Federal Reserve may be forced to delay an interest rate hike at its policy-making meeting in June due to mounting concern over the economic fallout from Britain's vote on whether to leave the European Union. The most recent poll found that voters in Britain- Europe's second biggest economy and its most influential financial center- were evenly split on...

  • DUBLIN, June 3- The head of Dubai- based airline Emirates expressed concerns on Friday about the impact on the rest of Europe if Britain votes to leave the European Union in a June 23 referendum. Noting forecasts about economic disruption in the UK in the event of a vote to leave the EU, airline president Tim Clark said he was also worried about political and economic...

  • Federal Reserve may be forced to delay a rate hike at its June meeting because of mounting concern over the economic fallout from Britain's vote on whether to leave the European Union. The most recent poll found that voters in Britain- Europe's second biggest economy and its most influential financial center- were evenly split on whether to stay in the EU or to...

  • NEW YORK, June 2- Rhetoric against free trade from both likely U.S. presidential nominees poses a risk to the economy and consumers who would lose out if international trade is restrained, the chief executive of the largest U.S. railroad said on Thursday. Presumptive Republican nominee Donald Trump has criticized the North American Free Trade Agreement and...

  • Treasury debt yields fell across the board on Thursday, undermined by worries about OPEC failing to agree on oil output, concerns over Britain's future in the EU, and overall uncertainty ahead of Friday's U.S. non-farm payrolls report. Thursday's OPEC meeting ended with no new policy or ceiling amid resistance from Iran, although Saudi Arabia vowed not to flood...

  • *ECB keeps rates on hold; no supply ceiling from OPEC. LONDON, June 2- Euro zone shares gave away early gains on Thursday after OPEC failed to agree an output ceiling for oil and the European Central Bank revised its inflation and growth forecasts only slightly higher. Oil and gas shares among the top sectoral fallers, down 0.5 percent after an OPEC delegate told...

  • LONDON, June 2- German 10- year bond yields fell to a three-week low on Thursday as the European Central Bank only tentatively upgraded its forecast for future inflation, just as oil prices skirted away from $50 a barrel. At a separate Organization of the Petroleum Exporting Countries meeting there was no apparent change of crude production policy, deflating...

  • *Oil tumbles as OPEC fails to clinch output freeze deal. NEW YORK, June 2- The euro declined on Thursday on the European Central Bank's cautious economic outlook, while oil prices took a hard knock after OPEC failed to reach a deal to freeze output. Oil's recovery had been driven by hopes OPEC would reach an accord on a production freeze in an effort to address the...