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World Economy International Organizations

  • TEHRAN, April 29- Iran's Oil Minister said on Saturday OPEC and non- OPEC countries had given positive signals for an extension of output cuts, which Tehran would also back. Oil prices fell last week though they closed higher on Friday on growing hope that OPEC might agree to extend production cuts long enough to reduce a global crude glut. "During these last days we...

  • TEHRAN, April 29- Iran's Oil Minister said on Saturday OPEC and non- OPEC countries had given positive signals for an extension of output cuts, which Tehran would also back. "During these last days we received a positive signal from OPEC members and non- OPEC contributors in this agreement for cutting the production for extending this agreement for the second half...

  • BRUSSELS, April 29- European Union leaders agreed a set of negotiating guidelines for talks on Britain's withdrawal from the bloc, which should be completed in two years. Wednesday, March 29- British Prime Minister Theresa May sent a letter to European Council President Donald Tusk confirming the plan to leave and formally launching the process, nine months...

  • BRUSSELS— Summit chairman says EU leaders unanimously adopt Brexit negotiating guidelines.

  • Even before the European Union and Britain kick off their divorce negotiations, there is already a fight between the two that could affect the talks. EU Commission President Jean-Claude Juncker says Britain currently blocks the decision-making on a review of the EU's long-term budget, and he sees a link with the upcoming talks. He said the mood at the one-day...

  • BRUSSELS— European Union leaders vowed Saturday to stand shoulder-to-shoulder behind their negotiating team during the divorce proceedings with Britain and warned that demands from British Prime Minister Theresa May will be dealt with "firmly." The negotiations themselves are to open shortly after Britain holds an early election on June 8.

  • YOKOHAMA, Japan Bank of Japan Governor Haruhiko Kuroda, Asian Development Bank President Takehiko Nakao will speak at Global Think Tank Summit ahead of ADB's annual meeting. SYDNEY- Reserve Bank of Australia board meeting on monetary policy- 0430 GMT. TOKYO- ASEAN +3 Finance and Central Bank Deputies Meeting Working Group.

  • TOKYO- Bank of Japan will release the minutes of its March monetary policy meeting. YOKOHAMA, Japan Bank of Japan Governor Haruhiko Kuroda, Asian Development Bank President Takehiko Nakao will speak at Global Think Tank Summit ahead of ADB's annual meeting in Yokohama. OSLO- Norges Bank Governor Oystein Olsen and Chief Executive Officer Yngve Slyngstad...

  • TOKYO- Bank of Japan will release the minutes of its March monetary policy meeting. YOKOHAMA, Japan Bank of Japan Governor Haruhiko Kuroda, Asian Development Bank President Takehiko Nakao will speak at Global Think Tank Summit ahead of ADB's annual meeting in Yokohama. OSLO- Norges Bank Governor Oystein Olsen and Chief Executive Officer Yngve Slyngstad...

  • *Russia confident of meeting end-April output cut target. NEW YORK, April 28- Oil prices closed up on Friday on growing hope that OPEC might agree to extend production cuts long enough to reduce a global crude glut, but crude prices still posted a weekly decline. U.S. light crude rose 36 cents to settle at $49.33 a barrel, off the day's high of $49.76.

  • *Russia confident of meeting end-April output cut target. NEW YORK, April 28- Oil prices edged up on Friday on optimism among investors that OPEC would agreed to extend production cuts aimed at ending a global glut into the second half of the year. U.S. light crude rose 18 cents to $49.15 a barrel at 4:03 p.m. EDT, off the day's high of $49.76.

  • *Russia confident of meeting end-April output cut target. NEW YORK, April 28- Oil prices were little changed on Friday in a see-saw session, retreating from session highs and headed for weekly declines on lingering questions about whether OPEC will extend output cuts at its May meeting and whether it will reduce a global crude glut enough to boost prices.

  • MEXICO CITY, April 28- Mexico's economy cooled slightly in the first quarter as industrial output stagnated, according to preliminary data released on Friday, but growth during the start of U.S. The election of Donald Trump last year raised the specter of recession in Mexico as he threatened to shred the North American Free Trade Agreement.

  • April 28- U.S. drillers added oil rigs for a 15th week in a row, but the pace of those additions slowed in April to the lowest in five months as crude prices fell below $50 a barrel on doubts OPEC will continue to cut production enough to reduce the global glut. Drillers added nine oil rigs in the week to April 28, bringing the total count up to 697, the most since April 2015,.

  • MEXICO CITY, April 28- Mexico's economy cooled slightly in the first quarter as industrial output stagnated, according to preliminary data released on Friday, but growth during the start of U.S. The election of Donald Trump last year raised the specter of recession in Mexico as he threatened to shred the North American Free Trade Agreement.

  • LONDON, April 28- Oil prices rose on Friday after a slide to a one-month low the previous day prompted investors to buy at cheaper levels ahead of an OPEC meeting next month at which producers could prolong output curbs. Most analysts polled by Reuters expect the deal between the Organization of the Petroleum Exporting Countries and non- OPEC producers struck in...

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat Wall Street's profit expectations on Friday, a sign the oil industry has regained its footing after a two-year price spiral. Looming over the large international oil companies, though, is uncertainty over whether the Organization of the Petroleum Exporting Countries...

  • April 28- Imperial Oil Ltd, Canada's No.2 integrated oil company, reported a quarterly profit on Friday, compared with a year-ago loss, helped by higher global crude prices and a C $151 million gain from the sale of a property. Imperial, like other oil producers, gained from a 55 percent jump in global crude prices in the quarter, as an OPEC- led production cut and a...

  • VATUTINKI, Russia, April 28- Russia's oil production cuts have reached almost 300,000 barrels per day, Energy Minister Alexander Novak said on Friday, in line with its pledge to curtail output as part of a global pact. The Organization of the Petroleum Exporting Countries, along with Russia and other leading non- OPEC producers, pledged to cut output by 1.8 million...

  • *Saudi Arabia sees non- OPEC deal compliance at 85 percent. Optimism is rising about the prospect of a year-long production curb deal, with most analysts polled by Reuters expecting the accord between the Organization of the Petroleum Exporting Countries and non- OPEC producers, struck at the end of last year, to be extended to the end of the year.