International Organizations


  • *OPEC says it will lower oil output. NEW YORK, Jan 16- Brent oil was steady in thin, choppy trade on Thursday as expectations of more supply from the Middle East and North Africa outweighed news of lower oil output from OPEC.

  • *Libya, Iraq contribute to lower OPEC supply in December. LONDON, Jan 16- OPEC has lowered its oil output further and is pumping less than this year's global need for its crude, the exporter group said on Thursday, underlining the toll that outages in Libya and elsewhere are taking on production.

  • *ECB says one-off adjustment in Germany behind the move. BRUSSELS, Jan 16- Euro zone inflation slowed in December, the European Union's statistics office confirmed on Thursday, in what the European Central Bank attributed last week to a one-off change in the method of calculating price growth in Germany.

  • NEW YORK, Jan 15- Institutional investors managing trillions of dollars should shift their portfolios away from fossil fuel investments toward cleaner energy sources to put a stop to the dangerous rise in global temperatures causing climate change, the United Nations' climate chief said on Wednesday.

  • The remarks by Chinese Foreign Ministry spokesman Hong Lei were an indirect criticism of the United States, the biggest and most powerful IMF member, where lawmakers failed on Monday to agree on funding measures needed for the reforms to move forward, though Hong did not mention the United States by name.

  • WASHINGTON, Jan 15- The International Monetary Fund expects global growth to pick up this year, though it should still remain below its potential of about 4 percent, the head of the Fund said on Wednesday. IMF Managing Director Christine Lagarde also warned about the "rising risks" of deflation, as price growth remains below the target of many central banks.

  • *World Bank lifts growth outlook for first time in three years. LONDON, Jan 15- European shares scaled fresh 5-1/ 2 year highs on Wednesday, buoyed by strong data and a brighter outlook for the global economy, as well as by easing regulatory concerns about euro zone banks.

  • BRUSSELS, Jan 15- The European Union wants Google to come up with more concessions within weeks if it is to avoid formal charges in an investigation into alleged anti-competitive behaviour, a top official said on Wednesday.

  • China urges IMF to give more power to emerging markets Wednesday, 15 Jan 2014 | 4:41 AM ET

    BEIJING, Jan 15- China called on the IMF on Wednesday to stick to a commitment to give emerging markets more power at the world body after U.S. lawmakers set back historic reforms that would give developing countries a greater say.

  • European shares rise after World Bank forecast Wednesday, 15 Jan 2014 | 3:11 AM ET

    PARIS, Jan 15- European stocks rose in early trade on Wednesday, with a key benchmark hitting a 5-1/ 2 year high, mirroring gains on Wall Street and in Asia on renewed hopes for global growth.

  • *World Bank raises forecast for global growth. *Japan's PPC, BHP take holiday from 2014 copper TC/RC term deals. SYDNEY, Jan 15- London copper was steady on Wednesday, with demand easing ahead of the Lunar New Year, but prices were buttressed by improving economic optimism after the World Bank raised its forecast for global growth.

  • SYDNEY, Jan 15- London copper edged up on Tuesday after the World Bank raised its forecast for global growth for the first time in three years, boosting sentiment and burnishing the outlook for demand. *The most-traded March copper contract on the Shanghai Futures Exchange inched up 0.1 percent to 51,710 yuan a tonne.

  • WASHINGTON, Jan 14- The World Bank on Tuesday raised its forecast for global growth for the first time in three years as advanced economies started to pick up pace, led by the United States. The bank expected stronger growth in the United States in particular, of 2.8 percent in 2014, from 1.8 percent last year.

  • UPDATE 1-EU reaches deal on sweeping securities reform Tuesday, 14 Jan 2014 | 6:35 PM ET

    LONDON, Jan 14- Curbs on commodity speculation and ultra-fast share trading will be introduced across the European Union under an agreement reached on Tuesday on a broad reform of securities markets.

  • EU in new attempt to agree sweeping securities reform Tuesday, 14 Jan 2014 | 7:20 AM ET

    *EU representatives hope for MiFID deal on Tuesday. LONDON, Jan 14- Curbs on commodity speculation and ultra-fast share trading would be introduced across the European Union if a broad reform of securities markets is agreed later on Tuesday.

  • WASHINGTON, Jan 13- The United States increased pressure on China on Monday in a dispute over U.S. high-tech steel exports, accusing Beijing of not complying with a World Trade Organization directive to drop duties.

  • *Iran deal to take effect Jan. 20. *Obama urges Congress not to impose new sanctions on Iran. NEW YORK, Jan 13- Oil fell on Monday after news of a deal between Western nations and Iran to curb the OPEC country's nuclear program and as production resumed from Libya and a key North Sea oilfield.

  • WASHINGTON, Jan 13- The IMF on Monday added Denmark, Finland, Norway and Poland to its list of countries that must have regular check-ups of their financial sectors, under an effort to prevent a repeat of the global financial crisis. The International Monetary Fund in 2010 had identified 25 other countries where financial sector evaluations will be mandatory.

  • BRUSSELS/ LONDON, Jan 13- European Union governments will implement all EU sanctions relief for Iran covered by a landmark nuclear deal on Jan. 20, the day the agreement takes effect- including lifting a ban on insuring its oil, officials said on Monday.

  • PARIS, Jan 13- The outlook for advanced economies is improving as momentum shifts up a gear in the crisis-weary euro zone, the OECD's monthly leading indicator showed on Monday.

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