World Economy International Organizations

  • TOKYO, Dec 9- Japanese stocks rose to their highest level in a year on Friday morning, supported by Wall Street gains and solid buying of exporters on the back of a weaker yen. The mining sector was the top gainer on the board, rising 2.8 percent after oil prices extended a rally on Friday, buoyed by growing optimism that non- OPEC producers might agree to cut output...

  • CARACAS, Dec 8-- Venezuelan President Nicolas Maduro said on Thursday he had agreed with Iran to call for a summit of heads of state from OPEC and non- OPEC countries in the first quarter of next year to decide on strategy for the oil market. "I told President Rouhani, let's jointly call for an OPEC summit of presidents, heads of state and governments in the first quarter...

  • TOKYO, Dec 9- Oil prices extended gains on Friday, buoyed by growing optimism that non- OPEC producers might agree to cut output following a cartel agreement to limit production. Oil producers will meet in Vienna on Saturday to see if non- OPEC countries will cut production to reduce a global supply glut that has pressured prices for more than two years.

  • NEW YORK, Dec 8- Saudi Arabia is informing its customers of cuts to their January crude oil supplies to comply with the latest OPEC agreement, according to a PIRA note late on Thursday. The note adds that cuts will be to varying degrees, but is likely to be larger to North America due to lower margins. Last week, members of the Organization of the Petroleum Exporting...

  • NEW YORK, Dec 8- Oil rebounded from the week's lows to close above $50 a barrel on Thursday, on growing optimism that non-OPEC producers might agree to cut output following a cartel agreement to limit production. Both Brent and U.S. benchmarks rallied after the former secretary general of the Organization of the Petroleum Exporting Countries made comments...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • NEW YORK, Dec 8- Oil rebounded from the week's lows to close above $50 a barrel on Thursday, on growing optimism that non-OPEC producers might agree to cut output following a cartel agreement to limit production. Both Brent and U.S. benchmarks rallied after comments by the former secretary general of the Organization of the Petroleum Exporting Countries...

  • ANKARA, Dec 8- Iran's President Hassan Rouhani said on Thursday that members of OPEC should work together to secure implementation of a deal reached last month aimed at stabilizing the oil market, Iran's state TV reported. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • ANKARA, Dec 8- Iran's President Hassan Rouhani said on Thursday that members of OPEC should work together to secure implementation of a deal reached last month aimed at stabilizing the oil market, Iran's state TV reported. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • IRAN'S ROUHANI SAYS COOPERATION OF OPEC MEMBERS TO REVERSE OIL PRICE SLUMP- TV.

  • IRAN'S PRESIDENT ROUHANI SAYS OPEC MEMBER COUNTRIES MUST WORK TOGETHER TO STABILISE OIL MARKET- TV.

  • BRUSSELS, Dec 8- The European Union began legal action on Thursday against Germany, Britain and five other member states for failing to police emissions test cheating by carmakers after the Volkswagen diesel scandal. Germany, Britain, Spain and Luxembourg stand accused of failing to impose the kind of penalties Volkswagen has faced in the United States over...

  • NEW YORK, Dec 8- Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday as market watchers focused on an upcoming weekend meeting between OPEC and non-OPEC producers that may result in an agreement to cut crude output further. Brent was up 65 cents, or 1.3 percent, to $53.65 a barrel by 1:32 p.m. EDT. Oil producers will meet in Vienna on Saturday...

  • Dec 8- Abdalla Salem El-Badri, who stepped aside as OPEC Secretary General in August, said Thursday at a conference a crude oil production cut of about 600,000 barrels per day from non- OPEC members is a "must". The Organization of the Petroleum Exporting Countries agreed last month to cut production by 1.2 million bpd, but has been working to convince non- OPEC...

  • NEW YORK, Dec 8- Oil traders who bought U.S. crude call options before OPEC's agreement last week to cut output did not get the windfall they were expecting as the rally in those options fell short of crude's massive surge. Early last week ahead of the Organization of Petroleum Exporting Countries meeting, traders piled into inexpensive West Texas Intermediate...

  • BRUSSELS, Dec 8- The European Union began legal action on Thursday against Germany, Britain and five other member states for failing to police emissions test cheating by carmakers after the Volkswagen diesel scandal. Germany, Britain, Spain and Luxembourg stand accused of failing to impose the kind of penalties Volkswagen has faced in the United States over...

  • Dec 8- McDonald's Corp said on Thursday it would move its international tax base to the United Kingdom from Luxembourg after coming under increased scrutiny from European Union regulators over its tax arrangements in the small country. McDonald's said it would create a new international holding company domiciled in the UK that would receive the majority of...