World Economy International Organizations

  • ALGIERS, Sept 10- Algeria's energy minister has said there is a consensus among OPEC and non- OPEC members about the need to stabilize the oil market to support prices, state news agency APS reported on Saturday. Bouterfa has traveled to Qatar, Iran and Russia this week to push for the oil price to be stabilized between $50 and $60, and said he was "confident" about the...

  • ALGIERS, Sept 10- Algeria's energy minister says there is a consensus among OPEC and non- OPEC members about the need to stabilise the oil market to support prices, state news agency APS reported. Bouterfa has travelled to Qatar, Iran and Russia this week to push for stabilising the oil price between $50 and $60, and said he was "confident" about the outcome of an OPEC...

  • BRATISLAVA, Sept 10- Britain's exit from the European Union will create difficulties for the European Investment Bank, a lender owned by EU governments, the bank's president Werner Hoyer said on Saturday. "The United Kingdom is a big and important shareholder of the European Investment Bank and an important member state of the European Union.

  • ALGIERS, Sept 10- Algeria's energy minister says there is a consensus among OPEC and non- OPEC members about the need to stabilise the oil market, state news agency APS reported. Noureddine Bouterfa was speaking after meeting his Saudi counterpart Khalid al-Falih and OPEC Secretary-General Mohammed Barkindo in Paris late on Friday. Bouterfa has been holding a...

  • ALGERIAN ENERGY MINISTER SAYS THERE IS CONSENSUS AMONG OPEC AND NON-OPEC MEMBERS TO STABILISE OIL MARKET- ALGERIAN STATE NEWS AGENCY APS.

  • ALGERIAN ENERGY MINISTER SAYS OPTIMISTIC ABOUT OPEC MEETING IN LATE SEPTEMBER AFTER MEETING SAUDI COUNTERPART, OPEC CHIEF IN PARIS- APS.

  • MONDAY, SEPTEMBER 12 TORONTO- Toronto Global Forum- An international conference which fosters dialog on national and global issues, held under the auspices of the International Economic Forum of the Americas. Speakers: Panama Finance Minister Dulcidio de la Guardia, International Monetary Fund Managing Director Christine Lagarde and World Bank Managing...

  • *Separate deals may be needed for OPEC, non- OPEC- Algeria oilmin. Traders cited hopes for a global deal on stabilizing crude output after Saudi Arabia, the leading oil producer inside OPEC, and Russia, the biggest producer outside the group, agreed on Monday to cooperate in oversupplied markets. Brent crude settled down $1.98 at $48.01 a barrel after rising above...

  • *Separate deals may be needed for OPEC, non- OPEC- Algeria oilmin. Traders cited hopes for a global deal on stabilizing crude output after Saudi Arabia, the leading oil producer inside OPEC, and Russia, the biggest producer outside the group, agreed on Monday to cooperate in oversupplied markets. Brent crude was down $1.73 at $48.26 a barrel by 1:24 p.m. ET after...

  • U.S. crude futures were on course to rise about 4 percent this week on hopes for a global deal on stabilizing crude output after Saudi Arabia, the leading oil producer inside OPEC, and Russia, the biggest producer outside the group, agreed on Monday to cooperate in oversupplied markets. On Friday, U.S. crude was trading at above $46 a barrel, close to the $50- mark that...

  • *Separate deals may be needed for OPEC, non- OPEC- Algerian oilmin. Still, the market was on course to gain nearly 5 percent, its first weekly gain in three weeks, on hopes for a global deal on stabilizing crude output after Saudi Arabia, the leading oil producer inside OPEC, and Russia, the biggest producer outside the group, agreed on Monday to cooperate in oversupplied...

  • *European Commission expected to publish proposal in October. The draft law, which the European Commission is expected to publish next month, is part of a set of proposals to implement 2030 goals on cutting emissions, increasing renewable energy use and preventing energy waste. Following Britain's vote in June to leave the European Union, the EU executive has...

  • LONDON, Sept 9- Oil prices edged lower on Friday but were still set for their first weekly gain in three weeks after Russia and Saudi Arabia agreed to work together to help rebalance the markets and after a surprisingly large drawdown in U.S. crude stocks. The Brent crude benchmark for November delivery was down $1.20 cents at $48.79 a barrel as of 1234 GMT after...

  • BRUSSELS, Sept 9- The European Union and Canada struck a multi-billion dollar trade pact called the Comprehensive Economic and Trade Agreement in 2014 after five years of talks. It is expected to be signed by Canada and EU member states in October. The European Union and Canada have agreed to eliminate tariffs on almost 99 percent of goods.

  • TOKYO/ LONDON, Sept 9- Oil prices edged lower on Friday but were set for the first weekly gain in three weeks after jumping 4 percent a day earlier due to a surprisingly large drawdown in U.S. crude stocks. Brent and West Texas Intermediate crude futures have gained nearly 6 percent this week and are on course for their biggest weekly gain in three weeks following two...

  • BRATISLAVA, Sept 9- The European Commission will step up its campaign against corporate tax avoidance with proposals in the coming weeks on a common tax base for multinationals operating in the European Union, the commissioner for economic affairs said on Friday. Brussels has been seeking for some time to toughen up its approach, in part to ward off the threat of...

  • BRATISLAVA, Sept 9- Spain and Portugal must still tackle their excessive budget gaps even though they escaped being fined in July for breaking European Union deficit limits, euro zone finance ministers said on Friday. The leaders of Greece, France, Italy, Spain, Portugal, Malta and Cyprus meet later in Athens and are expected to push for tight budget rules to be...

  • *Iran asks for much larger ceiling in any OPEC deal. LONDON, Sept 9- Iran's steep oil output growth has stalled in the past three months, new data showed, suggesting Tehran might be struggling to fulfil its plans to raise production to new highs while demanding to be excluded from any OPEC deals on supply curbs. Iran also told OPEC it produced 3.63 million bpd in August,...

  • JOHANNESBURG, Sept 8- Human rights groups slammed the World Bank on Thursday over an internal report on Zimbabwe that suggested it would be a sign of "political development" for the country if its poor human rights record did not get any worse. In the leaked July 27 document, seen by Reuters and reported by some African media, the Washington- based bank laid out a...

  • BERLIN, Sept 9- German Chancellor Angela Merkel said the European Union should keep negotiating with the United States on a new free trade deal known as the Transatlantic Trade and Investment Partnership. President Barack Obama leaves office in January, but there are now major doubts about it. President Barack Obama that during the G20 summit held in China...