Bertrand Badre, the chief financial officer, who has pushed much of the cost-cutting, received the bonus in "recognition of his skills," according to an internal World Bank blog seen by Reuters. World Bank spokesman David Theis said the bonus was justified given Badre's experience and strong track record at the bank.» Read More
*OPEC needs to pump more in second half of 2014- IEA. OPEC- member Libya's output was at 300,000 barrels per day with the El Feel field at full capacity and Wafa field back at work after protests ended, an official with the National Oil Corporation said. Royal Dutch Shell lifted force majeure on exports of Forcados crude from Nigeria, adding to the pressure on oil.
MOSCOW, May 15- Middle East crude producers played down the threat of a competitive battle with Russia over Asian markets at a Moscow energy conference on Thursday, even while Russian comments emphasized its push to the east.
BRUSSELS, May 15- The United States and the European Union sought on Thursday to counter rising opposition to transatlantic trade talks as hundreds of activists protested against the plans that they say would only benefit big companies fixated on maximizing profits.
*OPEC needs to pump more in second half of 2014- IEA. NEW YORK, May 15- Front-month Brent crude futures held on to gains ahead of the contract expiration on Thursday, while U.S. futures fell even as concerns about the crisis in Ukraine and a tightening global oil market kept prices near 2-1/ 2- week highs.
PARIS, May 15- Weak consumer spending and business investment brought France's economy to a standstill in the first quarter of the year, raising doubts over the government's growth forecast and its pledge to meet EU deficit targets.
*IEA demand forecast higher than estimates from OPEC, U.S. *Cuts estimate for 2014 non- OPEC supply growth by 100,000 bpd.
*OPEC could cut production to make room for Iran- Iran oil minister. SINGAPORE May 15- Brent crude slipped below $110 a barrel on Thursday, but stayed near its highest in two and half weeks as concerns over the crisis in Ukraine outweighed mixed U.S. oil inventory data.
ST GALLEN, Switzerland, May 15- U.S. drugmaker Pfizer, which has made a $106 billion bid approach to British peer AstraZeneca, has not discussed the proposed deal with European Union regulators, the region's antitrust chief said on Thursday.
MOSCOW, May 15- Iran's oil minister, Bijan Zanganeh, said on Thursday he hoped OPEC countries would make room for Iranian oil production and that the current oil price was "fair". Asked whether he thought OPEC members needed to cut oil production to make room for Iran to come back to the market, Zanganeh told reporters: "I think they will do it, I am sure they will do it.
DAKAR, May 14- The International Monetary Fund says it will delay the disbursement of $6 million in aid to Mali pending a clarification from the government on the purchase of a $40 million presidential jet, an IMF spokesman said.
DAKAR, May 14- The International Monetary Fund says it questions the rationale of and procedures that led to Mali buying a $40 million presidential jet given the country's pledges to fight poverty, a spokesman said.
IMF SAYS SOUGHT MORE INFORMATION ON DEAL AND SEPARATE $210 MLN STATE GUARANTEE OF LOAN CONTRACTED BY PRIVATE FIRM FOR ARMY SUPPLIES.
IMF SAYS GETTING INFORMATION ON DEALS WILL DELAY NEXT $6 MLN TRANCHE OF CREDIT DUE IN JUNE.
IMF SAYS IT QUESTIONS RATIONALE OF MALI BUYING $40 MLN PRESIDENTIAL JET GIVEN PLEDGE TO FIGHT POVERTY- IMF SPOKESMAN.
NEW YORK, May 14- The International Monetary Fund sees a 25 percent chance of the the euro zone slipping into deflation by the end of next year, the fund's chief economist said on Wednesday. For now, the IMF is predicting low inflation in the euro zone, Olivier Blanchard told a forum in New York.
May 14- For other related diaries, please. WASHINGTON- World Bank President Jim Yong Kim and former U.S. Secretary of State Hillary Clinton participate in an event for women's empowerment in Washington- 2115 GMT.
BERLIN, May 13- International Monetary Fund chief Christine Lagarde warned Russia on Tuesday that its economy, already facing lower economic growth because of the crisis in Ukraine, would face still further decline if tension with the West is allowed to continue.
*Ghana and IMF were due to discuss assistance programme. AKOSOMBO, Ghana May 13- Ghana is concentrating on a "home-grown" fiscal strategy to tackle its economic woes for now, rather than an assistance programme with the International Monetary Fund, President John Mahama said on Tuesday.
*OPEC's April oil output rises, still below nominal target. LONDON, May 13- OPEC said its current output is helping to meet global demand fully and leading to a balanced oil market in 2014, a further sign the exporter group is unlikely to alter output policy at a June meeting.
PARIS, May 13- The growth outlook for major emerging economies is worsening but remains largely stable for the big developed economies, the OECD said on Tuesday.