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International Organizations

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  • BRUSSELS, April 2- European Union antitrust regulators are investigating Apple Inc's deals with record labels and online music streaming services to see if it is blocking rivals' access to its music planned streaming platform, two people with knowledge of the matter said. The move by the European Commission comes as iPhone maker Apple expands into the...

  • *Russia's oil output up 0.6 pct to 10.71 mln bpd in March. The big Gulf producers of OPEC have opted for holding on to market share, saying they will only cut output to raise oil prices if others- like Russia- do so too. The twin state energy giants Gazprom and Rosneft brought Russia's oil output to a post-Soviet era record of 10.71 million barrels per day in March, Energy...

  • *Oxfam says hard to track development impact. WASHINGTON, April 1- The World Bank's private sector arm may be doing more harm than good when it invests in private equity firms, banks and other financial intermediaries, global development group Oxfam said in a report on Wednesday. "By channeling funds through third parties, the IFC loses control of how the money is...

  • *Athens says will repay IMF as scheduled on April 9. Greece sends updated list of reforms to lenders. Euro zone officials said, however, that institutions representing the lenders- the European Commission, the European Central Bank and the IMF, got the list too late for it to be discussed by euro zone deputy finance ministers at a teleconference on Greece on...

  • *Athens says will repay IMF as scheduled on April 9. *Athens prefers joint venture for biggest port. ATHENS, April 1- Greece has sent an updated list of reforms to lenders in the hope of satisfying their demands for more detail and unlocking aid needed to avoid a default, a government official said on Wednesday.

  • WASHINGTON, April 1- China's bank technology restrictions and a draft anti-terrorism law may run counter to the country's international trade commitments, the U.S. Rules asking technology suppliers to Chinese banks to divulge source code, pushing China's state-owned banks to buy technology from domestic vendors, "may raise substantive concerns" about...

  • *Athens says will repay IMF as scheduled on April 9. *Athens prefers joint venture for biggest port. In an interview with German daily Der Spiegel, Interior Minister Nikos Voutsis said that if foreign creditors do not send Athens further funds by April 9, the government would first pay salaries and pensions and then come to an agreement with lenders on paying the...

  • *EU yet to decide, could favour China to win favour with Beijing. In a draft letter seen by Reuters, the head of the European Commission's Legal Service, Luis Romero Requena, warned the head of the trade directorate that the EU would not have a good case to disregard the effects of the World Trade Organization viewing China as a more market-based economy-- a status that...

  • UPDATE 1-World Bank sees protracted recession in Russia Wednesday, 1 Apr 2015 | 6:54 AM ET

    *World Bank sees Russian economy contracting in 2015 and 2016. MOSCOW, April 1- Russia faces a protracted recession as the impact of Western sanctions lingers and oil prices stay low, the World Bank said in a report published on Wednesday. The World Bank's lead economist for Russia, Birgit Hansl, said "adjustment to the new oil price reality and the sanctions...

  • *Athens prefers joint venture for biggest port. Last week Athens presented a list of reforms to its official creditors in a bid to show it is committed to living up to pledges of financial discipline and is worthy of aid as it scrambles to meet loan payments amid a cash crunch. The list of proposed reforms Athens has presented to the Brussels Group includes...

  • SAN FRANCISCO, March 31- The United States feels China's yuan does not yet meet the standards for inclusion in the International Monetary Fund's basket of global currencies, Treasury Secretary Jack Lew said on Tuesday. Lew said that China had more work to do. Lew, who was returning from a trip to Beijing where he met with Chinese officials, repeated the U.S. view that...

  • SAN FRANCISCO, March 31- The United States feels China's yuan does not yet meet the standards for inclusion in the International Monetary Fund's basket of global currencies, Treasury Secretary Jack Lew said on Tuesday. Lew said that China had work to do to meet the standards for inclusion. Lew, who was returning from a trip to Beijing where he met with Chinese...

  • SAN FRANCISCO, March 31- The United States feels China's yuan does not yet meet the standards for inclusion in the International Monetary Fund's basket of global currencies, Treasury Secretary Jack Lew said on Tuesday.

  • BRUSSELS, March 31- European Union antitrust regulators have asked Luxembourg for information on its tax rulings for McDonald's after labor unions accused the U.S. fast food chain of avoiding taxes, a person involved in the issue said on Tuesday. The move, which neither the EU nor Luxembourg would immediately confirm, falls well short of the proceedings the EU...

  • BRUSSELS, March 31- European Union antitrust regulators have asked Luxembourg for more information on its tax rulings on McDonald's after labor unions and a charity accused the U.S. fast food chain of avoiding taxes, a person involved in the issue said on Tuesday. Umbrella organizations for unions representing millions of workers in the United States and...

  • EU governments back 1.8 billion euro Ukraine loan Tuesday, 31 Mar 2015 | 12:18 PM ET

    BRUSSELS, March 31- European Union governments formally approved a 1.8 billion euro loan for Ukraine on Tuesday to help save it from bankruptcy. Ukraine, fighting a costly war against pro-Russian separatists, is relying on international support to avoid default. The International Monetary Fund's board earlier this month signed off on a $17.5 billion loan for...

  • UNITED STATES FORMALLY SUBMITS CLIMATE CHANGE PLAN TO UNITED NATIONS, PLEDGING EMISSIONS CUT OF 26-28 PERCENT BY 2025.

  • LONDON, March 31- European Union lawmakers have given their initial backing to a draft EU law making it harder to rig market benchmarks, while adding changes to help quell U.S. concerns about the rules. The CFTC worried EU investors would be unable to hedge using thousands of products traded on U.S. futures exchanges because the United States has no plans to...

  • LONDON, March 31- OPEC oil supply has jumped in March to its highest since October as Iraq's exports rebounded after bad weather and Saudi Arabia pumped at close to record rates, a Reuters survey found, a sign key members are sticking to their effort to regain market share. OPEC supply has risen in March to 30.63 million barrels per day from a revised 30.07 million...

  • LONDON, March 31- European Union plans to ban banks taking market bets with their own money should be scrapped to avoid crimping the flow of funds needed for economic recovery, an EU document showed on Tuesday. The bloc's executive European Commission has proposed a draft law to ban proprietary trading at banks and force lenders to isolate other forms of risky...