GO
Loading...

International Organizations

More

  • SINGAPORE, Oct 10- Brent crude futures tumbled nearly $2 to below $89 a barrel on Friday, trading at their weakest since 2010, as rising supply and a weakening global economic outlook stretched a months-long slump in oil prices. U.S. crude also slid by almost $2 to hit its lowest since 2012, ratcheting up pressure on OPEC to slash output to rescue prices in the face...

  • WASHINGTON, Oct 9- The mix of low interest rates, high liquidity and low volatility in the global economy is "not without danger," European Central Bank Governing Council member Jens Weidmann said on Thursday. Speaking on the sidelines of World Bank and International Monetary Fund meetings, Weidmann said he expected discussion on Friday, when Group of 20...

  • SINGAPORE, Oct 10- Gold retained gains from a four-day rally on Friday and was headed for its best week in nearly four months as a slump in equities and growing worries over the global economy attracted safe-haven bids for the metal. *Earlier this week, the International Monetary Fund cut its global economic growth forecasts for the third time this year, warning of...

  • LONDON, Oct 10- "A rose by any other name would smell as sweet," William Shakespeare wrote in "Romeo and Juliet". OPEC, which includes crude but not condensate in its production quotes, has also struggled and failed to agree on common definitions. In the past, the inconsistent treatment of condensates in the United States did not matter because they were a relatively...

  • COLUMN-Old measures for New Mediocrity: James Saft Thursday, 9 Oct 2014 | 4:20 PM ET

    Oct 9- The IMF's "new mediocre" has the sound of a threat, but we may end by wishing it was a promise. The global economy is "looking into the face of what we have called the risk of a new mediocre" period in economic growth, "IMF managing director Christine Lagarde said on Thursday in Washington D.C. at the annual IMF and World Bank meetings. The IMF's advice relies heavily on...

  • *U.S., Germany lack political will to spend. Germany is in danger of slipping into recession, China has slowed, and U.S. policymakers are concerned a fresh bout of global weakness will stymie the U.S. recovery as well. International Monetary Fund Managing Director Christine Lagarde issued a blunt call on Thursday for the United States and Germany to open the taps...

  • IMF urges countries to take growth seriously Thursday, 9 Oct 2014 | 10:21 AM ET

    WASHINGTON, Oct 9- The world's policymakers must take economic reforms more seriously, or they could see their economies stuck in a muddle of mediocre growth with high debt and unemployment, the head of the International Monetary Fund said on Thursday. IMF Managing Director Christine Lagarde said her advice had not changed much since six months ago- the last...

  • BRUSSELS, Oct 9- The European Union decided on Thursday to make public its negotiating mandate for a free trade deal with the United States in a bid to quell growing opposition to the proposed accord. The 18- page document, which had been widely leaked, says what cannot be included in a trade deal, such as audiovisual services, and what the European Commission should...

  • World Bank launches public-private infrastructure plan Thursday, 9 Oct 2014 | 9:25 AM ET

    WASHINGTON, Oct 9- The World Bank on Thursday launched a new initiative that would bring together governments, development institutions and private investors to form public-private partnerships for infrastructure. "We have several trillions of dollars in assets represented today looking for long-term, sustainable and stable investments," World Bank...

  • WASHINGTON, Oct 8- Recent declines in the yen are due largely to the dollar's strength and are not unexpectedly big when measured on a real, effective basis, a senior International Monetary Fund official said on Wednesday. "What's happening now is dollar strengthening. The U.S. economic outlook is quite favorable, "IMF Deputy Managing Director Naoyuki Shinohara...

  • Guinea, Liberia and Sierra Leone have been hardest hit by the disease, and cases have been reported in Senegal and Nigeria. On Wednesday, the World Health Organization said Ebola had claimed the lives of 3,879 people from among 8,033 confirmed, probable and suspected cases since it was identified in Guinea in March. Nabarro praised the United States, Britain, the...

  • QUITO, Oct 8- Ecuador's Oil Minister Pedro Merizalde told Reuters on Wednesday that current oil prices are normal given an increase in U.S. production, and that they should be discussed at the OPEC meeting in late November.

  • DUBAI/ BRUSSELS, Oct 8- The top diplomats of the United States, Iran and the European Union will meet in Vienna next week, accelerating efforts to clinch a long-elusive deal to end a dispute over Tehran's nuclear program by a Nov. 24 deadline. Iran and the world powers- the United States, France, Germany, China, Russia and Britain- have held a series of meetings since early...

  • BRUSSELS, Oct 8- China and the European Union are closing in on a deal to resolve a long-running telecoms dispute by the end of the month, people close to the matter say, potentially putting an end to one of the most divisive issues between the two big trade partners. Beijing is considering a deal in which China promises to limit its export credits to China's No. 2...

  • *Austria has threatened legal action. BRUSSELS, Oct 8- A British plan to guarantee the price of power from its first new nuclear project in decades won European Union backing in a landmark ruling on Wednesday that threatens to trigger legal challenges. The ruling clears the way for the 16- billion-pound Hinkley Point nuclear power station in southwest England...

  • Central banks cut their euro holdings in the second quarter, in the largest drop in almost two years, according to figures from the International Monetary Fund last week, and analysts estimate their sales at around $40 billion worth when adjusted for exchange rate and valuation effects. Since the European Central Bank cut the interest rate on deposits at the...

  • But data and forecasts from China, Spain and Germany all supported the picture painted by the International Monetary Fund on Tuesday: a world economy struggling to end a cycle of low growth and financial trauma it has been stuck in since 2008.. Japan's Nikkei index lost 1.2 percent and Asian shares outside Japan fell by a full percentage point.

  • KIEV, Oct 8- Kiev may appeal to the Stockholm court of arbitration to fix a temporary price for Russian gas and conditions for deliveries to Ukraine if an interim gas deal is not reached soon with Russia, Ukrainian Prime Minister Arseny Yatseniuk said on Wednesday. The European Union is trying to broker a deal to resolve a standoff between the two countries after...

  • LONDON, Oct 8- Copper steadied on Wednesday as the dollar lost momentum yet the metal remained near five-month lows on concerns about economic growth in China and Europe. The International Monetary Fund on Tuesday cut its global growth forecasts for a third time this year while data showed German industrial output in August in its biggest fall since the...

  • OECD SEES WEAKENING GROWTH IN EURO AREA, STABLE FOR OTHER MAJOR ECONOMIES.