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  • Iran attacks OPEC members for refusing to stabilise oil prices. SINGAPORE, Nov 17- Brent crude fell more than $1 to near $78 a barrel on Monday following news that Japan, the world's fourth-biggest crude importer, had slipped into recession and after comments from the West's energy watchdog that a return to high oil prices was unlikely soon.

  • *Iran attacks OPEC members for refusing to stabilise oil prices. SINGAPORE, Nov 17- Brent crude fell to around $79 a barrel on Monday following news Japan, the world's fourth-biggest crude importer, had slipped into recession and after comments from the West's energy watchdog that a return to high oil prices was unlikely soon. All eyes remain on possible OPEC...

  • Brent slips to $79 as Japan enters recession Sunday, 16 Nov 2014 | 10:52 PM ET

    *Iran attacks OPEC members for refusing to stabilize oil prices. SINGAPORE, Nov 17- Brent crude fell to $79 a barrel on Monday following news Japan, the world's fourth-biggest crude importer, had slipped into recession and after comments from the West's energy watchdog that a return to high oil prices was unlikely soon. "This is another knock on crude oil prices,...

  • BRISBANE, Australia, Nov 15- Efforts by the world's 20 major economies in boosting economic growth by a 2.1 percent target could deliver "spillovers" for smaller nations, The Australian newspaper reported on Saturday, citing a draft copy of the G20 Brisbane Action Plan. The newspaper said the draft statement promises that non-G20 economies would grow a further...

  • BRISBANE, Australia, Nov 14- The OECD said on Friday the plans of G20 nations to boost the world economy could beat their target of adding 2 percentage points to global growth by 2018, though geopolitical risks such as Ukraine and Ebola were mounting. Angel Gurria, the secretary-general of the Paris- based Organisation for Economic Co-operation and Development,...

  • BRISBANE, Australia, Nov 14- The OECD said on Friday the plans of G20 nations to boost the world economy could beat their target of adding 2 percentage points to global growth by 2018, though geopolitical risks such as Ukraine and Ebola were mounting. Angel Gurria, the secretary-general of the Paris- based Organization for Economic Co-operation and Development...

  • WASHINGTON, Nov 13- The International Monetary Fund on Thursday welcomed Russia's move to float the rouble, but warned it would not be enough to cushion the country's oil-dependent economy from the impact of falling crude prices. IMF spokesman Bill Murray said the decision by Russia's central bank to let the currency float this week should enhance its ability...

  • IMF says euro zone growth could be worse than expected Wednesday, 12 Nov 2014 | 4:00 PM ET

    WASHINGTON, Nov 12- The International Monetary Fund on Wednesday warned of downside risks to its growth projections for the euro zone, and urged the European Central Bank to act if prices in the currency bloc continue to drift lower. The IMF's warning echoes an increasing fear among global policymakers that Europe is not on track to spur economic growth,...

  • OECD: Big economy growth stable, but Germany weakening Wednesday, 12 Nov 2014 | 6:00 AM ET

    PARIS, Nov 12- The world's major economies show stable economic momentum but the euro zone continues to lose steam, notably in Germany and Italy, while Japan and Britain may be faltering too, the OECD said on Wednesday. The prediction, based on what the Paris- based Organisation for Economic Co-operation and Development calls a leading indicator to flag turning...

  • ANTANANARIVO, Nov 11- Madagascar needs to improve tax collection and invest in infrastructure to increase the pace of its economic recovery from the 3 percent growth expected this year, the International Monetary Fund said on Tuesday. The Indian Ocean island state, famed for its wildlife and eyed by foreign companies for its minerals, has struggled to lure back...

  • *Valuations may make Dubai bonds most vulnerable. Oil and gas production account for nearly half of economic output in the six Gulf Cooperation Council nations, some three-quarters of exports, and an even higher ratio of state revenues. Saudi Arabia may even post a budget deficit; the International Monetary Fund has estimated it will need an average oil price of...

  • PARIS, Nov 7- The International Monetary Fund and the United States encouraged the European Central Bank and the Bank of Japan toward greater monetary stimulus on Friday and urged governments around the world to do their share to encourage growth in their countries. Calling the world economy "fragile, brittle and fragmented", IMF Managing Director Christian...

  • *Attention also turning to OPEC meet later in Nov. SINGAPORE Nov 7- Brent crude dropped for the second straight session on Friday, dragged below $83 by worries over the strong U.S. dollar. More people employed means more oil demand, "said Jonathan Barratt, chief investment officer at Sydney's Ayers Alliance.

  • *Attention also turning to OPEC meet later in Nov. SINGAPORE Nov 7- Brent crude dropped for the second straight session on Friday, dragged below $83 by worries over the strong U.S. dollar. More people employed means more oil demand, "said Jonathan Barratt, chief investment officer at Sydney's Ayers Alliance.

  • PARIS, Nov 6- The global economy is only gradually picking up momentum as stagnation in the euro zone and growing weakness in some big emerging economies weighs on the U.S.-led recovery, the OECD said on Thursday. With the euro zone a stubborn weak spot in the global economy, the OECD called on the European Central Bank to live up to a promise "to do what ever it takes" to...

  • OECD FORECASTS U.S GDP GROWTH OF 2.2 PCT IN 2014, 3.1 PCT IN 2015.

  • OECD FORECASTS JAPANESE GDP GROWTH OF 0.9 PCT IN 2014, 1.1 PCT IN 2015.

  • OECD FORECASTS CHINESE GDP GROWTH OF 7.3 PCT IN 2014, 7.1 PCT IN 2015.

  • PARIS, Nov 6- The OECD published on Thursday preliminary forecasts for major economies ahead of a summit of G20 leaders next week in Australia. The forecasts will be updated and completed when the OECD publishes its full Economic Outlook on Nov. 25. 2014 2015 2016 China 7.3 7.1 6.9 India 5.4 6.4 6.6 Indonesia 5.4 6.0 Mexico 3.9 4.2 Korea 3.8 4.1 World 3.3 3.7 3.9...

  • OECD SEES "LOW-GEAR" RECOVERY IN GLOBAL GROWTH, LED BY U.S.