GO
Loading...

International Organizations

More

  • BRISBANE, Australia, Nov 14- The OECD said on Friday the plans of G20 nations to boost the world economy could beat their target of adding 2 percentage points to global growth by 2018, though geopolitical risks such as Ukraine and Ebola were mounting. Angel Gurria, the secretary-general of the Paris- based Organization for Economic Co-operation and Development...

  • *Volatility to continue ahead of Nov. 27 OPEC meeting- analyst. SINGAPORE Nov 14- Brent crude held near a four-year low below $78 a barrel on Friday amid concerns over excess supply and uncertainty over whether OPEC would cut output at a meeting in two weeks. "We've got a period of very heightened volatility in the lead-up to the Nov. 27 OPEC meeting," said Mark Keenan,...

  • *Volatility to continue ahead of Nov. 27 OPEC meeting- analyst. SINGAPORE Nov 14- Brent crude edged above $78 a barrel on Friday but remained close to a four-year low because of concern over excess supply and uncertainty over whether oil cartel OPEC would cut production at a meeting in two weeks. "We've got a period of very heightened volatility in the lead-up to the...

  • Saudi Arabia's oil minister also appeared to rule out a cut in production by the key OPEC member when the Organization of the Petroleum Exporting Countries meets in Vienna on Nov. 27 fuelling fears of oversupply. *U.S. crude for December delivery rose to 23 cents to $74.43 a barrel by 0116 GMT on Friday after dropping $2.97 in the previous session, the lowest since...

  • *Brent hits Sept 2010 low below $78, US crude below $75. The decline compounded Wednesday's losses stemming from comments by Saudi Arabia's oil minister that showed little will by the kingdom to cut output when the Organization of the Petroleum Exporting Countries meets on Nov. 27. Brent settled down $2.46, or 3.1 percent, at $77.92 a barrel, after plumbing a...

  • The U.S. government's Energy Information Administration said stocks at the Cushing, Oklahoma, delivery hub for U.S. crude rose 1.7 million barrels for the week ended Nov. 7, while gasoline stocks surged 1.8 million barrels. Even with decent numbers like these, the market can't rally, "said Kyle Cooper, managing director at IAF Advisors in Houston.

  • NEW DELHI/ WASHINGTON/ GENEVA, Nov 13- India and the United States settled a dispute on Thursday that had paralysed the World Trade Organization and risked derailing a $1 trillion package of reforms of global customs procedures. That put the WTO's future in doubt just months after it appeared to have overcome decades of stalemate on the issue at a meeting in Bali...

  • *OPEC says demand for its crude will drop next year. LONDON, Nov 13- Brent crude fell to a four-year low below $79 a barrel on Thursday after Chinese data showed further economic slowdown, Saudi Arabia kept silent about a possible cut in production and crude stocks built up at a key U.S. delivery point. Brent crude for December was down by $1.40 at $78.98 a barrel by 1615...

  • IMF says to consider debt relief for Ebola-hit countries Thursday, 13 Nov 2014 | 10:58 AM ET

    WASHINGTON, Nov 13- The International Monetary Fund will discuss debt relief for Guinea, Liberia and Sierra Leone at the Group of 20 leaders meeting in Australia later this week as it considers further support for the countries most affected by the Ebola outbreak, an IMF spokesman said on Thursday. IMF spokesman Bill Murray declined to comment on a specific...

  • WASHINGTON, Nov 13- The International Monetary Fund on Thursday welcomed Russia's move to float the rouble, but warned it would not be enough to cushion the country's oil-dependent economy from the impact of falling crude prices. IMF spokesman Bill Murray said the decision by Russia's central bank to let the currency float this week should enhance its ability...

  • GENEVA, Nov 13- A breakthrough in trade talks between India and the United States is a significant step in efforts to get the world trading system "back on track", World Trade Organization Director General Roberto Azevedo said on Thursday.

  • *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 $1.03 a...

  • 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.