GO
Loading...

International Organizations

More

  • LONDON, Nov 13- Oil fell below $80 a barrel for the first time since 2010 on Thursday, as more evidence of a slowdown in China's resource-hungry economy chimed with OPEC warning of a substantial drop in demand next year. Share markets, however, were not put off, wagering that the China data could encourage more support measures from the Chinese authorities and the...

  • *OPEC says demand for its crude will drop next year. LONDON, Nov 13- Brent crude oil fell to a four-year low below $80 a barrel on Thursday after Chinese data showed a further slowdown in activity in the world's biggest energy consumer and Saudi Arabia remained silent about a possible cut in production. Brent crude for December, which expires on Thursday, fell 83...

  • NEW DELHI/ WASHINGTON, Nov 13- India won U.S. support for a massive domestic food stockpiling scheme on Thursday, rescuing the biggest global trade deal in two decades and giving new Prime Minister Narendra Modi a victory without major concessions. Under the pact with Washington, India will lift a veto on a global agreement on streamlining customs rules that is...

  • WASHINGTON, Nov 13- An agreement between the United States and India to move ahead with a global trade facilitation agreement should give new momentum to multilateral efforts at the World Trade Organization, U.S. "On the basis of this breakthrough with India, we now look forward to working with all WTO Members and with Director-General Roberto Azevedo to reach a...

  • USTR SAYS AGREED BALI DEAL SHOULD BE IMPLEMENTED WITHOUT CONDITIONS, WTO MEMBERS WILL NOT CHALLENGE FOOD SECURITY PROGRAMS UNDER WTO DISPUTE SETTLEMENT PROCEDURES UNTIL PERMANENT SOLUTION FOUND.

  • TRADE REPRESENTATIVE SAYS AGREEMENT WITH INDIA TO MOVE FORWARD WITH FULL IMPLEMENTATION OF BALI AGREEMENT SHOULD GIVE NEW MOMENTUM TO MULTILATERAL EFFORTS AT THE WTO.

  • *OPEC says demand for its crude will drop next year. SINGAPORE, Nov 13- Brent crude traded around $80 a barrel on Thursday, near its lowest since 2010, after OPEC said demand for its oil would fall next year, while Saudi Arabia remained silent about a possible cut in production. Global demand for oil from OPEC will drop to 29.20 million barrels per day next year, almost 1...

  • UPDATE 1-India to announce WTO breakthrough - sources Wednesday, 12 Nov 2014 | 11:31 PM ET

    NEW DELHI, Nov 13- A breakthrough is expected in talks between India and the World Trade Organization to end a deadlock on implementing a deal struck last year to facilitate global trade, two sources close to the talks said on Thursday. India's trade minister Nirmala Sitharaman was due to give a statement shortly, a government official in New Delhi said.

  • *OPEC says demand for its crude will drop next year. SINGAPORE, Nov 13- Brent crude traded around $80 a barrel on Thursday, near its lowest since 2010, after OPEC said demand for its oil would fall next year, while Saudi Arabia remained silent about a possible cut in production. Global demand for oil from OPEC will drop to 29.20 million barrels per day next year, almost 1...

  • *Asian shares flat, eyes on China data. MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.1 percent. Saudi Arabia's oil minister did not make clear on Wednesday whether the kingdom would support a cut in oil production at the OPEC meeting on Nov. 27, even as he dismissed talk that the country is engaged in a "price war" with fast-growing U.S. shale...

  • SINGAPORE, Nov 13- U.S. crude edged lower to around $77 a barrel in early Asian trade on Thursday after OPEC said demand for its oil will fall next year, while Saudi Arabia kept its silence about a possible cut in production. *U.S. crude for December delivery was trading 12 cents lower at $77.06 a barrel at 0057 GMT, after dipping as low as $76.86. *Global demand for oil from...

  • UNITED NATIONS, Nov 12- The United States told the United Nations Security Council on Wednesday there needs to be greater international pressure on Russia to abide by a ceasefire in Ukraine, as Russia denied it was a threat to its neighbor. The United States and the European Union started imposing economic sanctions on Moscow in response to Russia's seizure of...

  • *Libya's El Sharara field shuts down hours after reopening. NEW YORK, Nov 12- Benchmark Brent crude fell below $80 a barrel on Wednesday for the first time since 2010 on technical selling, pressure from a strong dollar and after Saudi Arabia's oil minister refused to say if the kingdom will support calls from some OPEC members to cut crude output.

  • 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,...

  • CARACAS, Nov 12- Venezuela said on Wednesday that Foreign Minister Rafael Ramirez arrived in Algeria as part of a diplomatic tour that includes Iran, Qatar and Russia to strengthen bilateral relations and discuss oil markets ahead of this month's OPEC meeting. Ramirez, Venezuela's main representative at OPEC and until September both oil minister and head of...

  • U.S. says world needs more demand for economic recovery Wednesday, 12 Nov 2014 | 10:33 AM ET

    WASHINGTON, Nov 12- The United States on Wednesday urged the world's policymakers to use available fiscal policy to boost demand in the short term and support the sluggish global economic recovery. Treasury Secretary Jack Lew said, according to prepared remarks at the World Affairs Council in Seattle. Lew, speaking ahead of the meeting of the Group of Twenty...

  • LONDON, Nov 12- There has always been a close link between U.S. oil production, international prices and OPEC, so it should come as no surprise that North America's shale drillers find themselves locked in a battle with Saudi Arabia over prices and market share. Until the 1950 s, the United States accounted for more than half of all global oil production.

  • *Saudi Arabia reports little change in October output. LONDON, Nov 12- Global demand for oil from OPEC next year will be far below its current output level because of the U.S. shale boom, the group said on Wednesday, as its top producer, Saudi Arabia, kept silent on whether it will cut output to remove surplus oil from the market. This is the last report before OPEC meets in...

  • 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...

  • *OPEC could cut output by 500,000 bpd at Nov meeting- delegates. With oil prices having fallen 30 percent since June, OPEC delegates are starting to suggest the producer group could informally cut output by around 500,000 barrels per day when it meets in Vienna on Nov. 27. "The consensus view is OPEC won't take any action, or if it does, not big enough or sufficiently...