International Organizations


  • PARIS, July 11- Global biofuel output should expand in the period to 2023, mostly boosted by increasing demand, higher crude oil prices and government policies, but the rise should be lower than in the past decade, the FAO and OECD said on Friday.

  • ROME, July 11- The outlook for world food inflation looks lower and more stable as agricultural commodity prices settle over the next decade following years of volatility, the U.N.' s Food and Agriculture Organization and the OECD said on Friday.

  • Fed No. 2 Fischer says care needed to avert crisis Thursday, 10 Jul 2014 | 4:40 PM ET

    WASHINGTON— The Federal Reserve's new No. 2 official says regulators must continue to work to end the need for the government to bail out big banks in a crisis. Fischer, a former official of the International Monetary Fund and a head of the Bank of Israel, said regulators "need to be vigilant" in trying to prevent the next crisis— "and there will one."

  • LONDON, July 10- Fossil fuels will remain an indispensable part of the global energy supply for at least the next 50 years, so a means must be found to burn them without pumping carbon dioxide into the atmosphere.

  • United States again set to lead non- OPEC output growth. *Sees 310,000 bpd decline in demand for OPEC crude. The report by the 12- member OPEC points to ample supplies next year, especially if there is further progress in resolving outages in OPEC countries Libya, Iraq and Iran.

  • VIENNA, July 10- The U.N. atomic agency said on Thursday it believed nuclear material which Iraq said had fallen into the hands of insurgents was "low grade" and did not pose a significant security risk.

  • TOKYO, July 10- U.S. crude oil fell below $102 on Thursday, to trade at its lowest level in more than a month, on wavering demand for gasoline and projections for rising supplies from OPEC member Libya. *U.S. crude futures for August delivery fell 32 cents to $101.97 a barrel by 0002 GMT, after earlier trading as low as $101.72- the lowest level since June 5.

  • UNITED NATIONS, July 9- North Korea has complained to the United Nations about a film starring Seth Rogen and James Franco, accusing the United States of sponsoring terrorism and committing an act of war by allowing production of a movie about a plot to kill its leader, Kim Jong Un.

  • ECB: Britain leaving EU would be 'enormous shock' Wednesday, 9 Jul 2014 | 11:04 AM ET

    ATHENS, Greece— A top European Central Bank official says Britain leaving the European Union would be an "enormous shock" whose consequences would be difficult to manage. Britain is home to the EU's biggest financial hub, the City of London, but it's not part of the bloc's joint euro currency.

  • *France's Servier, Israel's Teva among those fined. BRUSSELS, July 9- European Union antitrust regulators fined French drugmaker Servier, Israel's Teva and four others a total of 428 million euros on Wednesday, as they crack down on deals which block cheaper generic medicine.

  • BRUSSELS, July 9- European Union authorities have reached an agreement with the German government on how to make its proposed green energy law compatible with EU state-aid rules, the bloc's antitrust chief said on Wednesday.

  • EU regulators approve overhaul of Greece's Alpha Bank Wednesday, 9 Jul 2014 | 6:39 AM ET

    BRUSSELS, July 9- European Union state aid regulators cleared on Wednesday the restructuring of Greece's Alpha Bank by downsizing its international operations, saying it would ensure the lender's viability.

  • *France's Servier, Israel's Teva among those fined. BRUSSELS, July 9- European Union antitrust regulators fined French drugmaker Servier, Israel's Teva and four others a total of 428 million euros on Wednesday for blocking cheaper generic medicine.

  • DUBAI, July 9- Saudi Arabia produced 9.780 million barrels per day of crude oil in June, up from 9.705 million bpd in May, an industry source familiar with the matter said on Wednesday. The world's largest oil exporter and OPEC heavyweight supplied 9.745 million bpd to the market, the source said.

  • PARIS, July 8- OECD sees slowing or stable growth in emerging economies flat in major developing economies with the exception of India while the outlook for most developed economies is stable and improving in the United States, the OECD said on Tuesday.

  • EU at odds over debt-financed stimulus spending Tuesday, 8 Jul 2014 | 4:43 AM ET

    Germany, the Netherlands and others argued that European Union rules limiting government debt must remain unchanged, while Italy continued with its vocal campaign to seek exceptions that would allow for more spending to help reduce unemployment.

  • *Libya lifts force majeure on oil exports from two ports. NEW YORK, July 7- Brent and U.S. crude oil futures fell on Monday to the lowest levels in a month as Libya prepared to resume oil exports from two ports closed nearly a year, and as supply from Iraq remained unaffected by violence sweeping the OPEC country.

  • *EU had set deadline for Ukraine rebels to meet conditions. BRUSSELS, July 7- European Union governments have agreed in principle to expand the list of people targeted with asset freezes and travel bans over the Ukraine crisis, diplomats said on Monday.

  • Secretary-General Ban Ki- moon announced on Monday that the United Nations will recognize all same-sex marriages of staff members at the world body. But now the United Nations will recognize all same-sex couples married in a country where it is legal, regardless of their nationality.

  • MOSCOW, July 7- Russian Energy Minister Alexander Novak plans to meet European Union Energy Commissioner Guenther Oettinger late next week for gas supply talks, Russia's Energy Ministry said in a statement on Monday.