International Organizations


  • DUESSELDORF/ BERLIN, Nov 6- A leading Social Democrat warned on Wednesday that the European Union planned to investigate German renewable energy discounts for industry, a move that could end up hitting a raft of companies operating in Europe's biggest economy.

  • BRUSSELS, Nov 4- The United States and the European Union will next week hold a second round of negotiations towards the world's biggest free-trade deal and seek to catch up ground lost to last month's U.S. government shutdown.

  • EU moots funding backstop for non-euro zone banks Monday, 4 Nov 2013 | 6:06 AM ET

    BRUSSELS, Nov 4- The European Union is considering using an EU fund for non-euro zone states with balance of payments problems as a backstop for banks in those countries that fail regionwide financial health checks, EU officials said. Around 13 billion euros was disbursed to support Romania, Hungary and Latvia over the past three years.

  • Senior officials from the European Union told Reuters the EU was in advanced discussions with the International Monetary Fund on providing standby financing to Ukraine should the country come under economic pressure from Russia later this year.

  • LONDON, Nov 1- Brent crude oil fell below $108 a barrel on Friday as traders shrugged off concerns over a lingering oil crisis in Libya and cited technical pressures. Months of disruptions in OPEC member Libya have slashed oil exports and rekindled supply worries, pushing Brent to a high of $112 a barrel in October.

  • LONDON, Nov 1- Brent crude oil held around $109 a barrel on Friday after stronger-than-expected manufacturing data from China boosted the outlook for demand, while a lingering oil crisis in Libya supported supply worries. Brent oil is set to gain more than $1 this week as Libya struggles to ramp up exports and unrest in fellow OPEC member Iraq worsens.

  • S.Korea shipments to U.S., EU rose sharply in Oct Thursday, 31 Oct 2013 | 9:05 PM ET

    SEOUL, Nov 1- South Korean exports to the United States and the European Union rose sharply in October in annual terms, government data showed on Friday, underpinning the firm trade performance for Asia's fourth-largest economy.

  • WASHINGTON, Oct 31- President Barack Obama has ordered the National Security Agency to stop eavesdropping on the headquarters of the International Monetary Fund and World Bank as part of a review of intelligence gathering activities, according to a U.S. official familiar with the matter.

  • LONDON, Oct 31- European Union rules being finalised to regulate derivatives and bond trading are too light-touch and will leave markets in the dark, EU financial services chief Michel Barnier has said.

  • UPDATE 1-Sub-Saharan Africa to grow 6 pct next year - IMF Thursday, 31 Oct 2013 | 10:33 AM ET

    ABUJA/ LAGOS, Oct 31- Sub-Saharan Africa's economic growth is expected to increase to 6 percent in 2014, from 5 percent this year, supported by investment in infrastructure and production capacity, the International Monetary Fund said on Thursday.

  • LONDON, Oct 31- Harvard's decision to keep buying into the fossil fuel industry through its $32.7 billion investment fund- the world's biggest- is a blow to a divestment campaign also navigating legal uncertainty among performance-driven fund managers. Harvard's rejection of the campaign on additional grounds undermines momentum in the short term.

  • U.S. meat-labeling law, a WTO issue, now farm bill target Wednesday, 30 Oct 2013 | 7:27 PM ET

    WASHINGTON, Oct 30- Members of a select House-Senate panel on Wednesday targeted for potential repeal a U.S. meat-labeling law that Mexico and Canada have challenged as a violation of world trade rules, and that U.S. meatpackers also oppose. Congress approved meat-origin labeling in 2002, but it did not become mandatory until 2009..

  • TOKYO, Oct 30- Brent crude edged below $109 on Wednesday as worries about disruption to petroleum exports by OPEC member Libya eased a little, while a bigger-than-expected increase in inventories weighed on U.S. oil futures. London Brent crude for December delivery was down 19 cents at $108.82 a barrel at 0539 GMT, after settling down 60 cents on Tuesday.

  • TOKYO, Oct 30- Brent crude edged down below $109 in early Wednesday trade as fears waned about the extent of disruptions to petroleum exports from OPEC member Libya, while a higher-than-expected weekly stock build weighed on market sentiment for U.S. oil futures.

  • WASHINGTON, Oct 29- Foreign banks and investment funds got more detail from the Treasury Department on Tuesday about how to comply with a new U.S. anti-tax evasion law, including a draft agreement that some institutions must sign to avoid possible penalties.

  • UPDATE 6-Oil drops on Libyan export resumption hopes Tuesday, 29 Oct 2013 | 12:16 PM ET

    NEW YORK, Oct 29- Brent oil fell on Tuesday, giving back some of the previous session's sharp gains, on expectations that recent disruptions in exports from OPEC member Libya could be short-lived. Brent rose 2.5 percent on Monday as reports of Libya's worst civil unrest since the civil war in 2011 fueled concerns over global oil supplies.

  • TOKYO, Oct 29- The Bank of Japan's massive stimulus is working, the International Monetary Fund's mission chief to Japan said, and there is still room to increase purchases of government bonds and exchange-traded funds if a further boost was needed.

  • WASHINGTON, Oct 28- The World Bank said on Monday that its scorecard on the ease of doing business around the world has spurred thousands of regulatory reforms in the past decade, pushing back against critics who argue the national rankings stigmatize rather than inspire.

  • NEW YORK, Oct 28- Brent oil futures jumped 2.5 percent on Monday, the biggest gain in more than two weeks, as a drop in Libyan oil exports revived supply concerns. Oil production of OPEC- member Libya fell after new protests over the weekend at its oil fields and ports, boosting the European benchmark's premium over U.S. oil prices by nearly $2 a barrel.

  • LONDON, Oct 28- Thirteen European environment ministers and dozens of business leaders urged the European Union on Monday to adopt "ambitious" energy and climate goals for 2030 to create a low-carbon economy in Europe to spur investment.

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