International Organizations
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BRUSSELS, June 12- The European Union has readmitted Myanmar to a scheme allowing it to benefit from lower duties on exports, a further sign of the its rehabilitation following political reforms.
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*Oman should issue T-bills, set up govt issuance plan. DUBAI, June 12- Oman needs to contain state spending and raise non-oil revenue in the medium term to keep its fiscal balance sustainable, the International Monetary Fund said on Wednesday.
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UNITED NATIONS-- More than 11 million people are still facing hunger in Africa's Sahel region and urgent international aid is needed, a top U.N. humanitarian official said Tuesday. He said the appeal for Mali, where a violent conflict in the north as worsened the food crisis, is only 32 percent fulfilled.
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*Proposal likely to face opposition from Luxembourg. BRUSSELS, June 12- The European Commission proposed to expand the kind of customer information that banks must surrender to authorities around the European Union, as political momentum grows to clamp down on tax dodging.
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*OPEC to keep pumping more oil than output target. LONDON, June 12- Brent crude oil steadied around $103 on Wednesday, buoyed by a rally in global stock markets despite an unexpected jump in oil inventories in the United States and a cut in estimates for oil demand growth by the world's big oil market forecasters.
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*OPEC to keep pumping more oil than output target. *OPEC, EIA lower world demand outlooks. PERTH, June 12- Brent futures dropped toward $102 on Wednesday after an unexpected jump in oil inventories in the world's largest consumer, the United States, while producer cartel OPEC and the U.S. government both trimmed global demand forecasts.
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*OPEC to keep pumping more oil than output target. *OPEC, EIA lower demand outlooks. PERTH, June 12- Brent futures dropped toward $102 on Wednesday, after an unexpected jump in oil inventories in the world's largest consumer, the United States, while producer cartel OPEC and the U.S. government both trimmed demand forecasts.
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.160x105.jpg?v=1369754258 "Oil Demand Will Pick Up and We'll Satisfy It: OPEC")
OPEC predicted world oil demand will grow more quickly in the rest of 2013, indicating the group can keep pumping more oil than the ouptut target it set out last month.
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LONDON, June 11- OPEC predicted world oil demand will grow more quickly in the rest of 2013 and indicated the group can keep pumping more oil than the ouptut target it retained at a May 31 meeting without over-supplying the market.
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LONDON, June 11- Brent crude fell below $103 per barrel on Tuesday after the world's largest consumer, the United States, nearly doubled the estimate of its shale oil reserves, while prospects of a slowdown in Chinese demand sapped prices. "Non-OPEC supply looks set to climb by more than 1 million barrels per day this year," said Carsten Fritsch of Commerzbank.
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LONDON, June 11- World oil demand will grow more quickly in the rest of 2013 than during the first half due to economic recovery and higher seasonal consumption, OPEC said on Tuesday. OPEC's own production rose by 106,000 bpd in May to 30.57 million bpd, according to secondary sources cited by the report, led by higher output in Saudi Arabia.
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*Coming up: OPEC monthly oil market report at 1040 GMT. LONDON, June 11- Brent crude edged further below $104 per barrel on Tuesday after the world's largest consumer, the United States, nearly doubled an estimate of its shale oil reserves, while prospects of a slowdown in Chinese demand sapped prices.
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*Japan has already filed suit against China in related case. BRUSSELS, June 11- The European Union plans to lodge a case with the World Trade Organization against Chinese duties on specialised steel tubes, EU sources said on Tuesday, opening another front in a rapidly escalating trade conflict with Beijing.
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The uneasy trio of European Commission, International Monetary Fund and European Central Bank was assembled in haste in March 2010 after Greece's public debt and deficit exploded and it was about to lose access to market funding.
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WASHINGTON, June 7- The World Bank on Friday said it intends to keep ranking nations on the ease of conducting business, despite criticism from countries like China that feel the scorecard unfairly stigmatizes fast-growing developing economies.
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Canada and Mexico have complained to the World Trade Organization that the COOL rules discriminated against imported livestock. The trade body ordered the United States to comply with WTO rules by May 23, but the U.S. government made revisions that Canada and Mexico say would only make the situation worse.
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WASHINGTON, June 7- The World Bank on Friday said it intends to keep ranking nations on the ease of conducting business, despite criticism from countries like China that feel the scorecard unfairly stigmatizes fast-growing developing economies.
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ST PETERSBURG, Russia, June 7- The Group of 20 nations is intensifying its debate on how to withdraw the fiscal and monetary stimulus measures that developed nations have used to counter economic recession, Russia said on Friday.
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OTTAWA, June 7- Canada and the European Union are still deadlocked over a long-delayed free trade agreement, officials said on Friday, casting more doubt on the pact as the EU shifts focus to a bigger deal with the United States.
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BERLIN/ FRANKFURT, June 7- German trade activity rose sharply in April, but a cut in the Bundesbank's growth forecast dampened hopes that Europe's largest economy might be gaining momentum. The Bundesbank's 2013 prediction brought it into line with the International Monetary Fund, which halved its forecast for Germany on Monday.
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