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World Economy International Organizations

  • LONDON, June 22- Oil traders have become increasingly doubtful that OPEC will manage to cut crude stocks down to the five-year average in 2018 and keep them there. Calendar spreads for Brent futures throughout the rest of 2017 and 2018 have weakened significantly since OPEC agreed to roll over its production allocations at the end of May. Calendar spreads are...

  • *American Airlines up after reports of Qatar Airways seeks stake. Since peaking in late February, crude has dropped around 20 percent, skidding into bear market territory, despite OPEC- led efforts to stabilize the market. "I think this a situation where OPEC is ceding market share and is no longer able to control prices."

  • *OPEC sources determined not to rush to deepen cuts. OPEC members appear determined not to rush into deeper output curbs despite market pressure. As a result, the oil market posted its worst performance in the first six months in two decades effectively signaling its refusal to accept the effectiveness of the OPEC statement and its desire for further...

  • *American Airlines up after reports of Qatar Airways seeks stake. Since peaking in late February, crude has dropped around 20 percent, skidding into bear market territory, despite OPEC- led efforts to stabilize the market. "I think this a situation where OPEC is ceding market share and is no longer able to control prices."

  • BEIJING— Food exporters including the United States and European Union are stepping up pressure on China to scale back plans for intensive inspections of imports that they say would hamper access to its fast-growing market. They say that would disrupt trade and ask Beijing to follow global practice by applying the requirement only to higher-risk foods.

  • BRUSSELS— The Latest on the European Union summit:. Macron said the European Union should not be used as a "supermarket" by countries who want to get a maximum out of it without showing sufficient solidarity on pressing issues like migration. French President Emmanuel Macron says that France and Germany will work together to relaunch the European Union project,...

  • LONDON, June 22- Oil slid back towards multi-month lows on Thursday, after a brief recovery early in the session, as traders warily eyed a glut of physical supply that has persisted despite OPEC- led efforts to balance the market. Brent crude futures were down 15 cents at $44.67 a barrel at 0850 GMT, after spending much of the Asian trading day in positive territory.

  • *UK's Imagination Tech puts itself up for sale, shares bounce. LONDON, June 22- European shares were in store for another weak session on Thursday, pegged back by the slide in commodities-related sectors on the back of depressed oil prices. "What didn't help were those conflicting comments from OPEC... and Iran.

  • BRUSSELS— European Union leaders are gathering Thursday to weigh measures to tackle terrorism, closer defense ties and migration, convinced that anti-EU sentiment and support for populist parties are waning. Ahead of the two-day meeting in Brussels, summit chairman Donald Tusk trumpeted the resurgence of the EU, even as Britain launched talks this week on...

  • TOKYO, June 22- Oil prices rose on Thursday after U.S. crude and gasoline stockpiles fell, but worries over whether OPEC- led output cuts would be able to rein in a three-year glut continued to drag. Since peaking in late February, crude has dropped around 20 percent, with only brief rallies, completely erasing gains at the end of the year in the wake of the initial OPEC-...

  • TOKYO, June 22- Oil prices rose on Thursday for the first time in three days after U.S. crude and gasoline stockpiles fell, but investors are looking for more signs that output cuts by OPEC and some other producers are ending a three-year glut. Since peaking in late February, crude has dropped around 20 percent, with only brief rallies, completely erasing gains at the...

  • TOKYO, June 22- Oil prices rose on Thursday after U.S. crude and gasoline stockpiles fell, but worries over whether OPEC- led output cuts would be able to rein in a three-year glut continued to drag. Since peaking in late February, crude has dropped around 20 percent, with only brief rallies, completely erasing gains at the end of the year in the wake of the initial OPEC-...

  • TOKYO, June 22- Oil prices rose on Thursday for the first time in three days after U.S. crude and gasoline stockpiles fell, but investors are looking for more signs that output cuts by OPEC and some other producers are ending a three-year glut. Since peaking in late February, crude has dropped around 20 percent, with only brief rallies, completely erasing gains at the...

  • BEIRUT, June 21- Iran has begun exporting gas to Iraq, an Iranian official told the state-run Islamic Republic News Agency on Wednesday, after a several years of delays. The neighbours, both members of the Organization of the Petroleum Exporting Countries, initially signed a deal in 2013 for Iran to supply Iraqi power stations, but officials in the past blamed poor...

  • PARIS, June 21- Military conflicts and growing threats around the world continue to underpin demand for weapons, but industry and government leaders from the United States, Europe, Russia and the Middle East say they don't see a huge near-term spike in arms orders. But they caution that foreign arms sales take years to complete, and NATO governments must get...

  • *Chinese investment in EU surged in 2016; flows to China fell. Berlin, Paris and Rome are upset that the European Commission, the bloc's competition regulator, approved China's purchase of Syngenta, Beijing's biggest overseas sale to date, at a time when China maintains restrictions on foreign investment. Chinese direct investment in the European Union jumped...

  • LONDON— Oil prices fell further Wednesday, with the international benchmark for crude sliding below $45 a barrel. The recent drop in price indicates that efforts by OPEC and 10 other oil-producing countries to cut their production to reduce a supply glut and push prices higher are falling short. While Russia, Saudi Arabia and other nations involved in the deal...

  • *Oil prices have fallen 20 pct this year. June 21- U.S. stocks opened higher on Wednesday as healthcare stocks rose and oil prices steadied but gains were limited as the commodity continued to hover near seven-month lows. Brent crude pared early losses to trade slightly lower at $45.90, while U.S. crude was marginally up at $43.53 after Iran's oil minister said OPEC...

  • *Asia, Europe shares stumble as energy, bank stocks fall. Signs of a growing glut of supply sent Brent crude futures skidding back to $45.50 a barrel before talk of more OPEC cuts halted the slide and steadied government debt yields and Wall Street futures prices. Poorly performing banking stocks continued to hold down Europe's main markets in London, Paris and...

  • BRUSSELS, June 21- Tax advisers in the European Union risk fines for helping companies to cut their tax bills by shifting profits to low-tax countries, if proposed new EU legislation gets approval. Under the draft law, proposed by the European Commission on Wednesday, tax advisers including the Big Four accounting firms, banks and lawyers, would be required to...