International Organizations


  • French FM to visit Cuba in sign of warming EU ties Wednesday, 19 Mar 2014 | 7:55 AM ET

    PARIS, March 19- France's foreign minister said on Wednesday he would soon travel to Cuba, the first such visit in 30 years and a sign of the quickening pace of improving ties between the European Union and Havana.

  • BRUSSELS, March 19- European Union antitrust regulators fined German engineering group Schaeffler, Sweden's SKF and three Japanese car parts makers a total 953.3 million euros for taking part in a ball bearings cartel.

  • LONDON, March 18- Deals from the multi-trillion euro a day foreign exchange market could in principle be included in a tax on financial transactions, a legal opinion from European Union lawyers seen by Reuters said. Eleven countries from the EU's single currency area, led by Germany and France, are trying to reach an outline deal on a transaction tax by May.

  • *EU under pressure to widen sanctions against Russia. *Russia threatens to retaliate against EU and U.S. BRUSSELS, March 18- Mocked by Moscow, the European Union needs to impose far tougher sanctions over Crimea to make President Vladimir Putin sit up and pay attention, but its ability to agree them is limited- and may not be achievable at all.

  • TRIPOLI, March 18- A Libyan rebel leader said on Tuesday the oil in a tanker seized by the U.S. Navy belongs to the people of Libya's eastern Cyrenaica region and called on the Arab League to intervene. Tripoli has repeatedly failed to negotiate a peaceful end to the blockade, which has crippled the OPEC country's finances as its main revenue stream remains shut.

  • UK names two new Bank of England deputy governors Tuesday, 18 Mar 2014 | 5:45 AM ET

    LONDON, March 18- Britain named two new deputy governors for the Bank of England on Tuesday- Monetary Policy Committee member Ben Broadbent and International Monetary Fund official Nemat Shafik.

  • *Russia wants "support group" to make Ukraine neutral. SIMFEROPOL/ BRUSSELS, March 17- The United States and European Union imposed personal sanctions on Monday on Russian and Crimean officials involved in the seizure of Crimea from Ukraine as Russian President Vladimir Putin signed a decree recognising the region as a sovereign state.

  • *Russia wants "support group" to make Ukraine neutral. SIMFEROPOL/ BRUSSELS, March 17- The United States and the European Union imposed sanctions including asset freezes and travel bans on a small group of officials from Russia and Ukraine after Crimea applied to join Russia on Monday following a weekend referendum.

  • HANOI, March 17- The European Union will launch negotiations this week for an investment pact with Myanmar, the EU's top trade representative said on Monday, a deal aimed at giving European firms preferential access to one of Asia's final frontier markets.

  • JOHANNESBURG, March 16- Mozambique's overall budget deficit is projected to widen to 9.5 percent this year from 3 percent in 2013, the International Monetary Fund said, as the country continues its spending-driven quest for economic growth.

  • ANTANANARIVO, March 15- The World Bank and the European Union will resume financial support to Madagascar, officials said, pledging to help rebuild the Indian Ocean island economy still reeling from a coup in 2009..

  • BRUSSELS, March 14- The European Union has yet to convince Washington to commit to exporting U.S. gas under a transatlantic trade deal despite two days of talks on the issue, highlighting the challenges Europe faces to reduce its reliance on Russian energy.

  • MOSCOW, March 14- Any move by the European Union to impose a visa ban on Rosneft CEO Igor Sechin would be "stupid" and hurt the Russian state oil company's Western partners more that Rosneft itself, a company spokesman said on Friday.

  • BOGOTA, March 13- Colombia's central bank could begin raising its key interest rate toward a neutral level as temporary supply shocks disappear and gradually allow inflation to rise, the International Monetary Fund said on Thursday.

  • WASHINGTON, March 13- Raising the retirement age and scrapping regressive taxes such as deducting the interest on mortgages can help richer governments address income inequality without straining their pocketbooks, IMF staff said in a paper on Thursday.

  • WASHINGTON, March 13- An International Monetary Fund team in Kiev will begin negotiations with Ukrainian authorities about an economic reform program, the IMF's chief said on Thursday. An IMF team has been in Kiev since March 4 to gather data about the government's finances.

  • Canada to offer Ukraine C$220 million in economic aid Thursday, 13 Mar 2014 | 4:20 PM ET

    OTTAWA, March 13- Canada will offer C $220 million in aid to Ukraine to help promote sustainable economic growth and good governance, Foreign Minister John Baird said on Thursday. He told reporters that C $200 million would be in the form of a loan or a loan guarantee based on a broader package that included support from the International Monetary Fund.

  • *European Commission, ECB warn Italy on debt commitments. ROME, March 13- Italian Prime Minister Matteo Renzi could struggle to convince the European Union that his ambitious tax cuts and spending commitments will not threaten pledges to sort out public finances.

  • UPDATE 3-OECD puts accession talks with Russia on hold Thursday, 13 Mar 2014 | 12:15 PM ET

    The move by the organisation, which includes economic heavyweights such as the United States, Germany, France, Japan and Mexico, is the latest effort to apply pressure on Moscow ahead of a referendum on Sunday in which Ukraine's southern region of Crimea could vote to secede and join Russia.

  • IMF says good discussions with Ukrainian officials Thursday, 13 Mar 2014 | 10:31 AM ET

    WASHINGTON, March 13- The International Monetary Fund has made good progress in its fact-finding mission in Kiev and will soon discuss Ukraine's economic situation with IMF management, a Fund spokesman said on Thursday. A team from the IMF arrived in Kiev last week to assess the country's economic situation and discuss a possible bailout program.