GO
Loading...

International Organizations

More

  • WASHINGTON, Oct 10- The drop in global oil prices should not affect the spending plans of oil-producing countries in the Middle East in the near-term given their large financial reserves, the head of the IMF's Middle East and Central Asia Department said on Friday. The official, Masood Ahmed, told reporters that every oil producer in the region outside of the Gulf...

  • WASHINGTON, Oct 10- The European Union should not give France extra time to bring its budget deficit under the EU ceiling, given the country has not undertaken needed reforms during the two-year buffer it was previously given, Jeroen Dijsselbloem, the chairman of euro zone finance ministers, said on Friday. France was to reduce its budget shortfall below the EU...

  • *Top exporter Saudi Arabia raised Sept output- OPEC. Oil output has also risen in OPEC members Iraq and Libya, despite violence and instability in both countries, the group said in its monthly oil market report on Friday. Total OPEC output grew by 400,000 bpd to 30.47 million bpd.

  • UNITED NATIONS, Oct 10- The United Nations said on Friday that its appeal for $1 billion to respond to the West Africa Ebola outbreak was only 25 percent funded and a surge in trained healthcare personnel was also needed to help tackle the crisis.

  • UNITED NATIONS $1 BILLION APPEAL TO RESPOND TO EBOLA OUTBREAK IS ONLY 25 PERCENT FUNDED- DEPUTY U.N.

  • *Top exporter Saudi Arabia raised Sept output- OPEC. LONDON, Oct 10- Brent crude oil fell to its lowest since 2010 on Friday, dropping below $90 a barrel as Saudi Arabia said it upped production last month, increasing speculation of an OPEC price war. "The rout will probably continue until OPEC says enough is enough."

  • BERLIN, Oct 10- China and the European Union aim to end a long-running telecoms row next week, the EU's trade chief said on Friday, potentially easing tensions between two of the world's top trading powers. Reuters reported exclusively this week that Europe was close to a deal with Beijing on defusing the issue of what Brussels says are illegal subsidies to...

  • *Brent falls nearly $2; WTI down over $2 to lowest since 2012. U.S. crude also slumped nearly $2 to hit its lowest since 2012, ratcheting up pressure on OPEC to slash output to rescue prices in the face of slow demand. We are now in uncharted territory, so anything could happen, "said Carsten Fritsch, commodities analyst at Commerzbank, adding that without some action...

  • In oil price war, Saudi's biggest rival is next door Friday, 10 Oct 2014 | 4:57 AM ET

    *Little room for OPEC members to lower prices, gain market share. NEW YORK/ SINGAPORE, Oct 10- Kuwait, Saudi Arabia's traditional Gulf ally, is challenging its bigger neighbor in an increasingly competitive battle for market share as it sells oil to buyers in Asia at the widest discount to a comparable Saudi grade in 10 years. Kuwait's price cut to Asia, and cuts by...

  • *Brent falls nearly $2; WTI down over $2 to lowest since 2012. U.S. crude also slumped nearly $2 to hit its lowest since 2012, ratcheting up pressure on OPEC to slash output to rescue prices in the face of slow demand. We are now in uncharted territory, so anything could happen, "said Carsten Fritsch, commodities analyst at Commerzbank, adding that without some action...

  • WASHINGTON, Oct 9- Group of 20 nations agree on the need for each member to pursue a package of fiscal, monetary steps and structural reforms to revive growth as the global economic recovery remains patchy, Japanese Finance Minister Taro Aso said on Thursday. Aso said Japan broadly supports a proposal by G20 chair Australia to set up a new centre to promote...

  • SINGAPORE, Oct 10- Brent crude futures tumbled nearly $2 to below $89 a barrel on Friday, trading at their weakest since 2010, as rising supply and a weakening global economic outlook stretched a months-long slump in oil prices. U.S. crude also slid by almost $2 to hit its lowest since 2012, ratcheting up pressure on OPEC to slash output to rescue prices in the face...

  • WASHINGTON, Oct 9- The mix of low interest rates, high liquidity and low volatility in the global economy is "not without danger," European Central Bank Governing Council member Jens Weidmann said on Thursday. Speaking on the sidelines of World Bank and International Monetary Fund meetings, Weidmann said he expected discussion on Friday, when Group of 20...

  • SINGAPORE, Oct 10- Gold retained gains from a four-day rally on Friday and was headed for its best week in nearly four months as a slump in equities and growing worries over the global economy attracted safe-haven bids for the metal. *Earlier this week, the International Monetary Fund cut its global economic growth forecasts for the third time this year, warning of...

  • LONDON, Oct 10- "A rose by any other name would smell as sweet," William Shakespeare wrote in "Romeo and Juliet". OPEC, which includes crude but not condensate in its production quotes, has also struggled and failed to agree on common definitions. In the past, the inconsistent treatment of condensates in the United States did not matter because they were a relatively...

  • COLUMN-Old measures for New Mediocrity: James Saft Thursday, 9 Oct 2014 | 4:20 PM ET

    Oct 9- The IMF's "new mediocre" has the sound of a threat, but we may end by wishing it was a promise. The global economy is "looking into the face of what we have called the risk of a new mediocre" period in economic growth, "IMF managing director Christine Lagarde said on Thursday in Washington D.C. at the annual IMF and World Bank meetings. The IMF's advice relies heavily on...

  • *U.S., Germany lack political will to spend. Germany is in danger of slipping into recession, China has slowed, and U.S. policymakers are concerned a fresh bout of global weakness will stymie the U.S. recovery as well. International Monetary Fund Managing Director Christine Lagarde issued a blunt call on Thursday for the United States and Germany to open the taps...

  • IMF urges countries to take growth seriously Thursday, 9 Oct 2014 | 10:21 AM ET

    WASHINGTON, Oct 9- The world's policymakers must take economic reforms more seriously, or they could see their economies stuck in a muddle of mediocre growth with high debt and unemployment, the head of the International Monetary Fund said on Thursday. IMF Managing Director Christine Lagarde said her advice had not changed much since six months ago- the last...

  • BRUSSELS, Oct 9- The European Union decided on Thursday to make public its negotiating mandate for a free trade deal with the United States in a bid to quell growing opposition to the proposed accord. The 18- page document, which had been widely leaked, says what cannot be included in a trade deal, such as audiovisual services, and what the European Commission should...

  • World Bank launches public-private infrastructure plan Thursday, 9 Oct 2014 | 9:25 AM ET

    WASHINGTON, Oct 9- The World Bank on Thursday launched a new initiative that would bring together governments, development institutions and private investors to form public-private partnerships for infrastructure. "We have several trillions of dollars in assets represented today looking for long-term, sustainable and stable investments," World Bank...