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International Organizations

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  • Greece Faces Review of Bailout Performance Sunday, 3 Mar 2013 | 6:12 AM ET

    Officials from the European Union and the International Monetary Fund return to Athens on Sunday to assess Greece's performance under a bailout plan.

  • The Threat to Wall Street From Europe’s Bonus Cap Friday, 1 Mar 2013 | 9:35 AM ET

    Bankers working on Wall Street for European banks could have their bonuses capped under new rules agreed by the European Parliament this week. U.S. banks operating in Europe will also be affected.

  • Yen Slumps on Talk of ADB's Kuroda for BOJ Role Sunday, 24 Feb 2013 | 10:22 PM ET
    Haruhiko Kuroda

    Japan's government is likely to nominate Asian Development Bank President Haruhiko Kuroda, an advocate of aggressive monetary easing.

  • Horsemeat Discoveries 'Tip of the Iceberg': Lawmakers Thursday, 14 Feb 2013 | 1:52 AM ET
    Findus Beef Lasagne found to contain 60 percent horse meat.

    Discoveries so far of horsemeat in products sold as beef are likely to be the "tip of the iceberg", a British parliamentary report into the scandal said on Thursday.

  • IEA Sees Iran Oil Sales Falling as Sanctions Bite Wednesday, 13 Feb 2013 | 4:26 AM ET
    Oil refinery and petrochemical complex, Mahshahr, Iran,

    Iranian oil output will likely fall further from its lowest in three decades as the West tightens sanctions on the Islamic Republic, depriving Tehran of hard currency revenues, the International Energy Agency (IEA) said on Wednesday.

  • G-7 Fires Warning Shot Over Currencies Tuesday, 12 Feb 2013 | 11:33 AM ET
    A trader monitors the foreign exchange and stocks index in Tokyo.

    Monetary policies must not be directed at devaluing currencies, the Group of Seven nations said in a statement aimed at cooling growing international tensions over exchange rates and prompting yen to surge.

  • G20 to Skirt Potholes as World Economy Recovers Sunday, 10 Feb 2013 | 6:39 PM ET

    With the road ahead looking a bit smoother, G20 finance ministers will be happy to ignore the wreck in the rear-view mirror when they meet this week to steer a course for the world economy.

  • EU Leaders Strike Deal on Long Term Budget Friday, 8 Feb 2013 | 11:07 AM ET

    European Union leaders reached agreement on the first ever cut in their common budget on Friday after 24 hours of talks, seeking to placate millions at home struggling through government cutbacks and recession.

  • G20 Unlikely to Pressure Japan Over Weakening Yen Monday, 28 Jan 2013 | 7:09 PM ET

    The world's top economic policymakers are likely to discuss how Japan's new monetary and fiscal policy drive is weakening the yen when they meet next month, but will stop well short of calling it a competitive devaluation, G20 officials said.

  • A Dubai-based for-profit education company GEMS Education is planning a major global expansion as it seeks to secure a larger share of what it believes is a $3 trillion global market, but those expansion plans have also raised questions about the role of for-profit companies.

  • Cameron Promises Vote on EU After Election Wednesday, 23 Jan 2013 | 3:42 AM ET
    David Cameron

    Prime Minister David Cameron promised on Wednesday to give Britons a straight referendum choice on whether to stay in the European Union or leave within the next parliament if he is re-elected at the next election in 2015.

  • Small Cyprus May Trigger Big Trouble in Europe Friday, 18 Jan 2013 | 5:25 AM ET
    Nicosia, Cyprus

    Cyprus may seem too small for markets to care. But UBS has warned that the Mediterranean island is big enough to cause trouble in the euro zone after seeking a bailout from the troika, made up of the International Monetary Fund, the European Commission and the European Central Bank.

  • IMF Chief Urges Major Economies to Promote Growth Friday, 18 Jan 2013 | 2:13 AM ET

    The European Central Bank should keep monetary policy easy and perhaps try to lower borrowing costs further to help the euro zone's struggling economy, the head of the International Monetary Fund said on Thursday.

  • World Bank Slashes Global Growth Forecasts for 2013 Tuesday, 15 Jan 2013 | 7:13 PM ET
    World Bank building in Washington, DC.

    A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013.

  • Hints of Competitiveness in Recession-Hit Spain Tuesday, 15 Jan 2013 | 7:14 AM ET
    Demonstrators take part in a protest against government's health cuts and privatisation plans in Madrid on December 16, 2012.

    Latin American markets have been a prime target for Spanish companies because of their language advantage, and giants such as Telefonica and Banco Santander have increased their exposure there to compensate for problems in their domestic market.

  • Is WTO About to Abandon Dream of Global Free Trade? Sunday, 13 Jan 2013 | 10:11 PM ET
    World Trade Organization Director-General Pascal Lamy.

    As it seeks a new chief to lead it out of a negotiating death-spiral, the World Trade Organization looks doomed to be fatally undermined by new global carve-ups that will leave many of the world's poorest sidelined.

  • Venezuelan President Hugo Chavez

    Venezuela's top court ruled that Hugo Chavez 3rd term inauguration could be delayed, backing both the president-elect and his supporters.

  • Steel bars at a market in Shenyang, northeastern China's Liaoning province.

    Japan launched its second-ever trade complaint against China at the World Trade Organization on Thursday, challenging Beijing's claim that Japanese steel firms are competing unfairly in the world's biggest steel market.

  • Europe's Leaders Promise Further Steps to Quell Crisis Thursday, 13 Dec 2012 | 10:46 PM ET

    Europe's leaders agreed to press on with further steps to shore up their finances and sustain momentum in tackling the debt crisis on Friday, a day after clinching a deal on banking supervision and approving long-delayed aid to Greece.

  • OPEC Agrees to Keep 30 Million Bpd Oil Target: Delegates Wednesday, 12 Dec 2012 | 7:39 AM ET

    OPEC agreed on Wednesday to hold its oil production limit unchanged at 30 million barrels a day, delegates at the meeting said. Ministers of the Organization of the Petroleum Exporting Countries continued in closed session to debate who should be the group's next secretary general. They were divided over candidacies from Saudi Arabia and Iraq.