GO
Loading...

International Organizations

More

  • *Sees little imminent prospect of non- OPEC help on supply. LONDON, Jan 26- Oil prices at current levels may have reached a floor and could move higher very soon, OPEC's secretary-general said on Monday, his first public comment that oil's second-biggest decline on record may have run its course. Defending OPEC's decision, Badri warned that any oil supply cut would...

  • UPDATE 6-Oil prices slip after smooth Saudi transition Monday, 26 Jan 2015 | 10:16 AM ET

    *OPEC secretary-general comments fail to sustain bounce. LONDON, Jan 26- Oil prices slipped on Monday after Saudi Arabia's new King Salman moved to assuage fears of an unstable transition and any policy change in the world's largest oil exporter. March Brent crude was trading at $48.55 per barrel by 1509 GMT, down 24 cents, above an early low of $47.57.

  • *OPEC secretary-general thinks prices may have reached a bottom. LONDON, Jan 26- Oil prices turned positive on Monday, erasing early losses after the Secretary-General of the OPEC producer group said he expected the market to bottom out around current levels. "Now the prices are around $45- $55 and I think maybe they reached the bottom and will see some rebound very...

  • *China pushing for greater recognition of yuan. LONDON/ WASHINGTON, Jan 26- China is expected to make another push for the inclusion of the yuan in the International Monetary Fund's in-house currency basket in a review later this year- and this time round its G20 partners may be willing to listen. One Asian G20 source said it would be welcomed by those like South...

  • EU blacklists Sri Lanka over illegal fishing Monday, 26 Jan 2015 | 6:40 AM ET

    BRUSSELS— The European Union blacklisted Sri Lanka Monday for failing to combat illegal fishing, officially banning imports of fisheries products from Sri Lanka- flagged vessels into the EU. Officials said the decision to put Sri Lanka on the list was taken by EU fisheries ministers at their regular talks in Brussels. Sri Lanka is the second biggest exporter of...

  • EU open to Greek debt extension, not forgiveness Monday, 26 Jan 2015 | 5:46 AM ET

    BRUSSELS, Jan 26- Europe showed a willingness on Monday to give Athens more time to pay back its debts, but little sign that it would yield to a new Greek government's demands of debt forgiveness. European Union leaders and policymakers responded to Greek anti-bailout party Syriza's election victory on Sunday with warnings that a debt restructuring for Greece...

  • *Syriza victory in Greece stokes concerns over Europe instability. Syriza leader Alexis Tsipras promised Greeks on Sunday that the five years of austerity imposed under bailout programmes worth 240 billion euros from the European Union and the International Monetary Fund were over. Expectations that a compromise can be reached between Athens and its...

  • Belgium sees some room to discuss Greek debt program Sunday, 25 Jan 2015 | 4:37 PM ET

    BRUSSELS— Britain's Conservative Prime Minister David Cameron predicted that the election victory of Greece's radical left-wing Syriza party would create "economic uncertainty" across Europe, while left-of-center parties welcomed the results as a message that the European Union should change its economic policy. Johan Van Overtveldt said on the eve of a...

  • ANTANANARIVO, Jan 25- Madagascar's president announced the replacement of eight ministers late on Sunday, including a new finance minister, after the government was dissolved earlier this month amid mounting public frustration over power cuts and other issues. Maurice Gervais Rakotoarimanana, an accountant who has worked with the World Bank, will be the...

  • Should the euro zone really fear demon deflation? Sunday, 25 Jan 2015 | 4:00 AM ET

    *Euro zone inflation negative in Dec for first time in 5 years. BRUSSELS, Jan 25- If the multi-billion dollar consumer electronics industry can function fine with constantly falling prices, why is deflation in the broader economy such a threat? European Central Bank policymakers have repeatedly warned of the risk of being drawn into a prolonged downward price...

  • ISLAMABAD, Jan 24- Pakistan's central bank cut its key discount rate to 8.5 percent from 9.5 percent on Saturday, in line with analyst expectations and citing lower inflationary pressure due to falling global oil prices. The International Monetary Fund saved Pakistan from possible default in 2013 by agreeing to lend it $6.8 billion over three years.

  • OPEC announced last November it would keep output steady at 30 million barrels a day, despite pleas from some members for it to cut output to support prices and revenues. Stuart Glickman, an equity analyst at S&P Capital IQ, said there was no indication OPEC would cut production soon. "It's a calculated bet that the shale producers in the U.S. can't withstand the pain...

  • Madagascar needs reforms to hit 5 percent growth - IMF Friday, 23 Jan 2015 | 11:55 AM ET

    ANTANANARIVO, Jan 23- Madagascar will not achieve the 5 percent growth the International Monetary Fund has projected for it this year unless it introduces reforms to boost tax revenue and improve the business climate, an IMF official told Reuters. But weak tax revenue, coupled with fuel subsidies and an under-funded civil service pension fund, are putting...

  • *Saudi-led OPEC focus to remain, safeguarding market share. NEW YORK, Jan 23- U.S. crude fell modestly on Friday while global Brent gained support from market uncertainty over the future of Saudi oil production following King Abdullah bin Abdulaziz's death. Brent was up 30 cents at $48.82 by 11:20 a.m. EST, while U.S. crude fell 21 cents to $46.10.

  • *Saudi-led OPEC focus set to stay on retaining market share. LONDON, Jan 23- Brent crude oil rose on Friday after the death of Saudi Arabia's king added to uncertainty in oil markets, although the new ruler indicated immediately there would be no policy change. Brent crude rose to a high of $49.80, up $1.28 a barrel, before easing to around $49.20 by 1515 GMT.

  • DUBAI, Jan 23- Saudi Arabia's new King Salman was quick to keep veteran oil minister Ali al-Naimi on Friday in a message aimed at calming a jittery energy market mindful of Naimi's powerful role within the OPEC group of oil-exporting countries. The 79- year-old Naimi has been a leading figure in the market for two decades and successfully argued in November that...

  • DAVOS, Switzerland, Jan 23- Germany will use all the wiggle room it has in its budget to boost public investment, Finance Minister Wolfgang Schaeuble said on Friday. Other euro zone countries like France and Italy, as well as the International Monetary Fund, have repeatedly urged Germany to use its fiscal space to boost spending on infrastructure.

  • *Saudi-led OPEC focus set to stay on retaining market share. Brent crude rose to a high of $49.80, up $1.28 a barrel, before easing to $49.25 by 1335 GMT. Hans van Cleef, senior energy economist with ABN Amro, said the initial rally after King Abdullah's death was due to uncertainty over succession and Saudi oil policy.

  • BRUSSELS, Jan 23- Greece will have to ask for a new extension to its euro zone bailout programme before 1.8 billion euros in pending aid can be paid, a senior euro zone official said on Friday, stressing that a new government must first be in place to do so. Although the International Monetary Fund will continue to back Athens, the country needs to be under an European...

  • *Saudi-led OPEC has kept output steady in fight for market share. SINGAPORE, Jan 23- Oil prices jumped on Friday as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades. Brent crude futures rose to $49.70 a barrel by 0808 GMT, up $1.18 a barrel.